The chart of TSLA appeared to be falling without end in sight, but if you had short positions on from higher levels, you knew where to cover them - and that is right at the "EARNINGS LEVEL".
I believe it is essential to know where these levels are and I track them on every listed stock here on TradingView that I trade.
The EARNINGS LEVEL is the green triangle and the green line extending to the right from the triangle.
If you were waiting to buy TSLA, you could have waited until the price dropped to the EARNINGS LEVEL
Check out many of my last publications to see the Earnings Level at work.
There are many uses of the Key Earnings Level: 1. Buy dips to it from higher levels. 2. Up trends require the price to be above the Earnings Level. 3. Sell rallies to it from lower levels. 4. Use risk of 1,2, or 3 average-true-ranges from the Key Level. 5. Avoid taking risk AHEAD OF EARNINGS ever again. Instead, do the logical, lower-risk way and trade AFTER EARNINGS .
This current chart of TSLA is a buy-signal from the 309 Earnings Level for a move up to 350-380 (stay tuned), with a stop down under 295.
Best of trading to you,
Tim
Sunday, July 9, 2017 5:06PM EST
הערה
Did you notice how well the EARNINGS LEVEL held?
הערה
If you don't have this information about where the important "earnings level" is in each stock you trade, you aren't seeing the whole picture of a stock and defining and minimizing risk.
הערה
If you had the edge in the market, would you share it with everyone? If everyone has the information, will the edge go away? Probably, but I still believe everyone deserves to have the important information to help people make better decisions and know where the important levels are in the market. If you don't have this information, you are so far behind.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.