TSLA – Tesla Motors (Last:168.94)

The 189.39 rally target shown (see inset) is not lacking in clarity, so we should view any pullback to the 162.19 midpoint pivot as an opportunity to do some cautious bottom-fishing. The longer the stock lingers at that level, the more likely it would be to produce the sort of tedious ups and downs that are the camo trader’s forte. _______ UPDATE (September 3): Tesla danced a sprightly jig on the 162.19 midpoint support before taking off on Friday. If you were able to get long near the low, please let me know in the chat room so that I can establish a tracking position for your further guidance. _______ UPDATE (September 3, 6:42 p.m. EDT): Any takers?  This stock is the obedient slave of Hidden Pivot midpoints and D targets, and that’s why I’m keen on determining whether any of you caught a ride from the 162.19 midpoint pivot noted above. If so, there are rewards beyond the $27-per-share profit you stand to make if the stock reaches the target. Specifically, you’ll have the wherewithal to fearlessly reverse the position and go short there, since it looks like a very high-probability number to produce a tradable top. (Note: I’ve left the chart unchanged, since yesterday’s manic thrust merely created a marginal new all-time high.)