Hi Shoppers,

Here was my October 12th post regarding Tesla (Ticker: TSLA).

I believe we may have that candle signaling a change in trend in TSLA.

That candle was created yesterday.

I am seeing a doji formation candle which when found at the bottom of a downtrend or at the top of an uptrend could be signaling a change in that trend.

A doji is created when the stock opens, trades lower (or higher) comes back to the opening price, trades higher (or lower) then comes back down to that opening price level.

It shows the literal battle between buyers and sellers in the marketplace with neither side winning.

It is a draw on that session.

And we may have a doji formed in TSLA yesterday:

I have my support line at $207.60, which has been tested three times before yesterday.

As always, wait for that confirmation today.

You want to see TSLA open and trade higher for at least an hour/hour-and-a-half before jumping into a trade on the long side.

Trade Review

I called for Merck (TIcker: MRK) to trade down to $92.50, possibly $91, and yesterday it traded a low of $92.36.

I hope you were able to take advantage of that!

Thanks for Reading … See You Next Tuesday.

Licia Leslie