TSLA – Tesla Motors (Last:216.35)

TSLA blasted freeTesla shares went bullishly nuts after the close when the company announced a small loss. Go figure. Sometimes we are fortunate not to possess insider information, since we’d probably do the wrong thing with it much of the time. Wall Street’s collective omniscience can usually be counted on to get it wrong, but how can we know what They are thinking in order to fade their bet? In our case, we put such concerns aside and used a 220.63 target sent out Tuesday night to get long pennies off the low of a $12 bear-trap selloff in the early going. The Street has no knowledge of our Hidden Pivot System, and that’s probably why it works so well. The Master of the Universe might get upset if they knew that it is Hidden Pivots, which sometimes coincide with Fibonacci levels, and not They who control the ups and downs of shares, even on the seemingly wildest days. TSLA rallied $23 today from the targeted low, but as is my practice, I’ll wait until I hear from at least two subscribers who took the trade before I establish a tracking position. ______ UPDATE (May 5, 8:56 p.m. ET): You can use the 206.45 target that I posted in the chat room as a minimum downside objective for now.  If it gives way, however, expect at least a little more slippage to 204.08.  Either number can be bottom-fished using ‘camouflage,’ provided you understand the technique. ______ UPDATE (May 9, 10:59 p.m.): The stock’s devastating slide halted a millimeter from the 206.41 target shown and one micron from the original one given above. Now, a decisive breach of the support, or a two-day close below it, would imply more carnage down to at least 174.94. That would represent a 35% decline from April’s giddy peak. _______ UPDATE (May 22, 1:30 a.m.): TSLA’s recovery from just below my 204.08 target took wing as last week ended and projects most immediately to 229.91 (see inset, a new chart). That’s a minor Hidden Pivot resistance, and it would become an odds-om bet if the stock pushes decisively past the midpoint pivot at 223.41. _______ UPDATE (June 6, 9:46 a.m.): The stock is trading about where it was a month ago, so I’m taking it off the sheets for now.  Please give me a shout in the chat room if it does something interesting.