Tesla Motors Inc (TSLA): Key Levels To Watch

technical chart lookCorey Rosenbloom:  What broader price levels are important for trading (or planning trades in) Tesla Motors Inc (NASDAQ:TSLA)?

Let’s chart our broader Fibonacci Confluence Grid and find out where these levels overlap for targets and entries:

The chart above shows how I constructed the Fibonacci Confluence Grids.

For planning, be sure to view the tighter-zoomed chart below:

The main idea is that the Fibonacci is NOT magical; it’s not going to predict where price will turn at the exact level.

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