TSLA – Tesla Motors (Last:97.70)

The chart shows a picture of a stock that just doesn’t want to go down. Two incipient C-D legs have now reversed shy of their respective midpoint pivots, and we should therefore infer that if and when the broad averages turn higher, TSLA is going to lead the charge. Traders should seek opportunity on the 15-minute chart, where you can see how yesterday’s selloff into the close was merely the b-c correction of a robustly bullish impulse leg.