Monday, March 23, 2015

Mark Leibovit's Volume Reversal Signal for Tesla.

From the desk of top market timer Mark Leibovit:

Tesla formed a Leibovit Positive VR (Volume Reversal) on March 17 in conjunction with a positive 5/3/3 stochastic. subscribers were told to go long with a target of 212.

As TSLA found resistance at the blue (50 day moving average), I decided to 'ring the register' on March 19 for 8.90 point profit.  Also, notice the 5/3/3 stochastic began turning a tad negative at that time.  We are on the sidelines now.  The video demonstrates the 'Sequential' version of the indicator which posts all positive and negative VRs.  There are two other versions provided on your subscription. The 'Directional' which filters out repetitive VRs and shows a stop point via a horizontal line and the '2-Day' which takes a trade after two days (or two bars).

You can watch the full video here:

Happy Trading,

Jeffrey Gibby
MetaStock Business Development.

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