Friday, October 25, 2013 11:52:10 AM
TSLA Fib Analysis
From 7-17 swing low, the break under the 34 EMA to high on 9-30.
You can pull a fib off many points. On TSLA, momo runs the price action. Everyone has there own EMA's they like. I like fib EMA numbers, 8, 13, 21, 34, 55, & 89. For a momo runner, the 8 & 34
work well. A break under 34 is a swing low, or one swing low one can use. Pulled these fibs on the downgrade day. Weds the retracement struck within three cents of the 38.2 retrace.
Waiting until late next week to pick my trade which will be
selling the premium from the high IV.
From 7-17 swing low, the break under the 34 EMA to high on 9-30.
You can pull a fib off many points. On TSLA, momo runs the price action. Everyone has there own EMA's they like. I like fib EMA numbers, 8, 13, 21, 34, 55, & 89. For a momo runner, the 8 & 34
work well. A break under 34 is a swing low, or one swing low one can use. Pulled these fibs on the downgrade day. Weds the retracement struck within three cents of the 38.2 retrace.
Waiting until late next week to pick my trade which will be
selling the premium from the high IV.
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