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January 14th, 2014: Initial TSLA Wave Count

Posted by pugsma on January 14, 2014

3:30 pm EST:   Here is my first look at the TSLA wave count on a weekly chart since the IPO at $17 in July 2010.

It looks like wave [1] was a leading diagonal and wave [3] was a rate 6.85 Fibonacci extension of wave [1] up to 194.50.   Wave [4] corrected a little more than a 38% down to 116.10.  Now wave [5] is underway likely headed for a new high in the 220 range.  Wave minor 1 of major [5] ended at [1] 158.00 and wave minor 2 ended at 136.67. Now wave minor 3 up is underway headed for 205 where minor 3 = 1.62*minor 1.

TSLA Weekly Chart (EOD):

PUG TSLA Weekly Chart EOD 1-14-14

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