TSLA mimicking the accumulation from IPO to Model-S lift-off
I was looking at TESLA and noticing how long it needs to consolidate before taking off - now granted - it doesn't have anything driving it to make it take off fundamentally this time like it did last time with Model S sales going great... but I suppose it could be anticipation of Model 3 sales and the July grand opening of the Gigafactory.
Interesting that I lined up the first deep correction off the run up in 2013 with the IPO in 2010.
And they are right on top of each other here with EXCEPTIONALLY SIMILAR accumulation patterns.
I don't often publish "Mirror" patterns or "Mimick" patterns but I found this to be very interesting and wanted to share it with you.
I included the link below for the "What happens after a new Fed Chairman is elected?" which is also very interesting.
For much more content and insight from me, join me at the chatroom KEY HIDDEN LEVELS which you can find under the Social tab on the righthand border of the charts page. Search for KEY HIDDEN LEVELS and join us. Ivan Labrie and I, among others, point out key levels in a variety of markets that you can use to pinpoint your entries, exits and targets.
If you aren't familiar with my work, review my charts and Ivan Labrie's charts to get an idea of how to define targets, entries and stops.
Cheers,
Tim
12:05PM EST June 13, 2016
Interesting that I lined up the first deep correction off the run up in 2013 with the IPO in 2010.
And they are right on top of each other here with EXCEPTIONALLY SIMILAR accumulation patterns.
I don't often publish "Mirror" patterns or "Mimick" patterns but I found this to be very interesting and wanted to share it with you.
I included the link below for the "What happens after a new Fed Chairman is elected?" which is also very interesting.
For much more content and insight from me, join me at the chatroom KEY HIDDEN LEVELS which you can find under the Social tab on the righthand border of the charts page. Search for KEY HIDDEN LEVELS and join us. Ivan Labrie and I, among others, point out key levels in a variety of markets that you can use to pinpoint your entries, exits and targets.
If you aren't familiar with my work, review my charts and Ivan Labrie's charts to get an idea of how to define targets, entries and stops.
Cheers,
Tim
12:05PM EST June 13, 2016
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