Jeff Cooper: Why Tesla Could Hit $280 (or Higher)
From the Buzz & Banter: A look at what the Square of 9 Chart has to say about the electric-car company.
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Tesla (NASDAQ:TSLA) left a Topping Tail on Wednesday at $253. This price, $253, is straight across and opposite the $119 to $120 November 2013 low forecasted in this space -- see here [subscription required].
As expected, Tesla was magnetized to $220ish on a runaway gap following its earnings report in late February, 90 degrees square in time and price from the November harmonics.
While Tesla tailed off yesterday from a print of $253, it is respecting the $253 vibration, suggesting that Tesla will likely satisfy a move above $280 since $280 ties to three revolutions of 360 degrees up from the major $120 low.
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W.D. Gann said, "After exhaustive research and investigation of the known sciences, I discovered that the Law of Vibration enabled me to accurately determine the exact points to which stocks or commodities should rise and fall within a given time. The working out of this law determines the cause and predicts the effect long before the Street is aware of either."
Through all market conditions for the last 25 years, I have found his statement to be true.
The Square of 9 Time-and-Price Calculator is a tool that has helped many great traders and investors. I have developed a user-friendly Square of 9, which comes with a consultation on how to use it. If interested, contact me at firstname.lastname@example.org.
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