#TSLA Bias Update and Levels for Wednesday, September 16, 2015

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Like NFLX TSLA is also on the move to the upside ahead of the FOMC rate decision and if holding above 255s/54s TSLA has potential to reach 265s/66s then 270s pre-FOMC. If so and if Long TSLA the 270s target is the spot (if reached) to consider scaling some profits &/or getting some protection on to protect profits via short-term Puts.

The TSLA Daily +3Sigma target is currently at 277s but unlikely to get achieved before FOMC tomorrow which is why the need for protection might be needed at or just below 270s if the rate decision does not favor more upside for the overall market.

If below 255s/54s either pre or post FOMC rate decision the line in sand  (LIS) for TSLA is at 248s-243s zone which includes Daily center Sigma and is a must hold in order to have chance of reaching the +3Sigma target at 277s post FOMC.

Ethan Premock

Futures & Options Strategist Hamzei Analytics, LLC

#TSLA OTF server bias pre-ERs

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#TSLA has had a +80pt move since March and with such a move earnings (ERs) will likely have to be more than "not as bad as expected" in order to blast much higher. If blowout ERs OTF servers suggest #TSLA must 1st get above 234.30 for chance to reach 242s-244s zone.

If 242s-244s is reached and then breached to the upside 255/56 will become the next upside target, but with how most key stocks/leaders (including AAPL) have rolled post their initial ERs pop #TSLA ERs will have to be a major bullish surprise to avoid the same result.

If #TSLA is unable to get & hold above 234.30 post ERs there will be potential to 226/25 then 214s-212s zone. If below 212 the next lower target will be at 205/04.

#TSLA OTF Bias:

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#TSLA 's value area (VA) was barely 3 points today (4-30-15) while most stocks (especially key stocks/leaders) had decent range during today's market sell off, and likely so due to pending TSLA news. 

Right now OTF server is suggesting if the market likes the TSLA news the bottom of the OTF server channel at 224-222 zone should hold. If so the first upside target will be at 229/30 then at  237/38. If above 238 the next upside target will be at 243s-246s zone.

If TSLA breaches below 222 the first lower target is at 217s and if breached there will be potential to reach 213s then 208s.