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Pocket Pivot Review - TSLA update 3-17-17

We wrote a piece on March 11 about using its 20-dema as a favorable short-sale entry point.

https://www.virtueofselfishinvesting.com/reports/view/market-lab-report-review-of-currently-active-short-sale-targets 

Naturally one would have covered TSLA as it broke definitely above its 20-dema on Tuesday resulting in a pocket pivot.

This further illustrates how one must remain nimble in this market environment. Being wedded to the bull or bear side can cost you money. Being able to switch from bear to bull or vice-versa is key based on real-time price/volume action evidence. Of course, if one is not prone to short selling, one can simply switch from cash to a long position in the stock.

Should TSLA break its 262 issue price, that would make a good sell stop. Thus risk at its current trading price of 264.42 is scant.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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