Thursday, October 03, 2013 11:06:20 AM
TSLA Pullback Murphs' View
An amigo called on the rollover to know where TSLA Support levels sit. I hadn't been watching so ran some quick symmetry projections.
Yest she stopped and bounced off the 175.49 area, 175.4 was the low.
There is a short term fib retrace 61,8 level which has been breached this AM. So far, the 34 EMA, a fib number, has held. Under that is a dual cluster, fireline symmetry 165.97 thru 78.6 retrace @ 166.21. Haven't gone beyond what I've done yet, will wait and see if bulls can spin this and produce a short squeeze rally north before looking at longer term fib retrace areas. There are no more symmetry projections. TSLA' run didn't produce anything larger in terms of a symmetry retrace than the lower fireline. lol
An amigo called on the rollover to know where TSLA Support levels sit. I hadn't been watching so ran some quick symmetry projections.
Yest she stopped and bounced off the 175.49 area, 175.4 was the low.
There is a short term fib retrace 61,8 level which has been breached this AM. So far, the 34 EMA, a fib number, has held. Under that is a dual cluster, fireline symmetry 165.97 thru 78.6 retrace @ 166.21. Haven't gone beyond what I've done yet, will wait and see if bulls can spin this and produce a short squeeze rally north before looking at longer term fib retrace areas. There are no more symmetry projections. TSLA' run didn't produce anything larger in terms of a symmetry retrace than the lower fireline. lol
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