TSLA Low May Be In

Those of you who are trading or invested in TSLA, my near term work has triggered preliminary signals that today's low at 300.61 ended the most recent decline from the 326.67 high on 11/17, which if accurate, means that a positive close at 4 PM ET (above 306.53) will confirm our initial signal that TSLA has put in a successful retest of the Nov. low at 292.63, and should pivot to the upside into a recovery upleg that has targets of 325-330 and then 345-355.

That said, inability of TSLA to close above 306.53 keeps it vulnerable to a resumption of weakness and another probe of 300-293.  MP

12 04 17 TSLA Day GIF
12 04 17 TSLA Day GIF
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