TSLA Trade on May 18, 2016 10:22 from ASJ: Tradervue User Stock Trades.

Overall, this TSLA trade was a great trade for me. What I'm truly happy for was my judgement on this trade and it all has to do with the "daily chart" and knowing resistance and support levels. This morning, I was watching this stock sky rocketing to its highs for the day and along the way I was drawing resistance levels that it surpassed on the chart. Basically, I had missed the initial run up to its highs, so my plan was to short it when it reached its major resistance level. This major resistance level was approx 215ish area. I took this trade just under the 215 level when it turned red. I knew at this point that it would pullback possibly to other resistance levels that it surpassed which became support levels. My stop was tight along the way just risking approx 50 - 60 dollars. I added on the this trade when it started to trend just under its major MAs, I was thinking breakdown at this point because 1)at this level the stock was close to its highs and extended and 2) if there was a bounce, it should of happened already. Tsla did break down under the VWAP and reached what I predicted the next support level which was approx 211ish area (previous resistance level). I hoping for continuation breakdown to approx 210ish which was a major support level. I had my stop just above the vwap because I thought if it broke this point that it might pullback to the upside. Anyways, I got stopped out because the market decided it was going to have a nice run up. Overall very happy with my execution on this trade.