lowtrade

[lowtrade]

When trading without a trade plan, look for exhaustion, in the chart run. The big boards also shows exhaustion like the OTC. But it doesn't usually have a high candle spike and red day signal. So you need to watch for different things.

1st; is volume. When volume decreases to the level it was before the run; concern. Then; there is the rare exhaustion gap up or largest candle in the run, days into the run. Always a sign retrace is due. Last; candles which have high top tails, with little price increase. All these things say exhaustion.

Tesla has all 3. The black "gap open/finish lower" candles are saying the same as high candle tails. Positive Sentiment is running out. Emotion gaps price higher, but retail doesn't follow the emotion.

IMO 260 is it. Take profits when they present.

http://stockcharts.com/h-sc/ui?s=TSLA&p=D&yr=0&mn=3&dy=0&id=p42121432487