Forget GM, move over Ford, this car company is up 50% in the last two weeks!

Posted on by The INO.com Team

It's hard to believe that this little car company, is up 50% in just two weeks. MarketClub's "Trade Triangle" technology definitely spotted this one early and it shows quite clearly on the chart. This is one of the many advantages of using a program that is non-biased, does not listen to any news, does not get sick, and this totally devoid of emotion.

If you're looking for winners in the automobile section or any other market sector check out MarketClub's "Trade Triangle" technology and see where we stand.

Find more winners like Tesla with MarketClub.

All the best,

Adam Hewison
President of INO.com
Co-founder of MarketClub

16 thoughts on “Forget GM, move over Ford, this car company is up 50% in the last two weeks!”

  1. I don't think the recommendation was to buy at this price as it is overbought. This stock is worth looking at as it broke out in a large way and on high volume. This means there is very strong interest. I would wait for the next opportunity where the risk level is less.

  2. Indeed , people love buying high...I can't bring myself to follow the herd after a huge spike although sometimes I wish I did but most times it's not worth it but misinformed or uneducated people will lose money every time they jump in too late. I guess that's the only way we can make money...

  3. Adam: Thank you for your feed-back.

    I am a "savvy" investor. I've been using technical analysis for the past 12 years, and know my where-abouts with it.
    As you note, my "day trading" suggestion was not for beginners, but for people who "know what the're doing."

    You said, "The SHORT answer is no." Is there a "long" answer, that could mean Trade Triangles can (or may) be used for intraday trading?

    Just curious!

    Thanks again for your insights.

    1. Peter,

      This would have to be the long answer.

      Thank you for clarifying your status. intra-data charts are really no different from other types of charts. The real difference is the fact that the time window is so compressed. This can be a challenge for beginning traders. Our Trade Triangle technology could be used on intraday charts. How successful that approach could be I cannot quantify as we have not made any studies like we have on our charts.

      This seems like an interesting research project.

      Peter, all the best to you,

      Adam

  4. I was wondering if it is possible to use the Trade Triangles for intraday trading.

    For instance, the "Long" period would be Daily (instead of Month).
    The "Medium" period would be in Hours - on a 60 minute chart (instead of Week).
    The "Short" term would be on a 10-minute chart (instead of Day).

    If the Day is positive (> +85), then I would trade the 10- and 60-minute chart.
    If the Day AND 60 are positives, I would trade the "In-Out" with the 10-minute chart trade triangles.

    As someone ever tried it?

    1. Peter,

      The short answer is no.

      Day trading is a difficult undertaking for most traders especially beginners.

      All the best,
      Adam

  5. Glad to see there is life in the automobile sector hopefully it is a reflection of the economy as a whole

  6. The rise began along with the news release that Toyota was interested in
    TESLA's battery technology. So, this rise is speculative and has nothing to do with the TESLA car sales, but potential battery/technology sales. I would like to see how the triangles work for TSLA for the long term (whether boom or bust).

    1. Mike,

      I am with you. I am looking forward to tracking Tesla and seeing how it does in the future. I am confident that our "Trade Triangle" technology will capture any moves either up or down in this market.

      All the best,
      Adam

    1. James,

      Thank you for your feedback. The best way to check out MarketClub's "Trade Triangle" technology is to take a 30 day risk free trial to the service. https://secure.ino.com/products/marketclub/

      This will give you complete access to all of the "Trade Triangle" signals as well as the "Trade Triangle" technology itself. It is very easy to use, you will grasp the concept very quickly. You can also watch this short video on market club.

      Here's a link you need: http://broadcast.ino.com/videos/help_theater/

      All the best,
      Adam

  8. Bagus, saya rasa ini melegkapi alat scan yang sudah banyak beredar, meskipun meggunakan MA diatas 5 Jam dan 20 Hari, kita memang harus melengkapi dengan Indikator yang lain selain tehnikal analisis

    Terima kasih

    Nandy

  9. As interesting as this upswing was, I see no reason to invest money in a stock like Tesla Motors. It's an overpriced niche market product with no customer support in purchases to support this rise and no logical reason to buy into it as an investment. Those that speculated and held on after the IPO made out rather well. The recent upswing smacks of insider trading by the mutual funds and big investment banks. Take the money and run. I'm happy with my Ford (I bought it at $2.68 and now it's over $12), Ford preferred and Ford credit, both with handsome dividends plus a modest increase in par value, but at least Ford is a quality product, an investment with logical reasons to own it and a promising future. I have other sound stock investments including BPT (BP Prudohm Bay Trust) that is rising nicely with the increase in oil prices plus a handsome 8%+ dividend. All in all, my losses in speculative stocks far outweight my gains.

  11. Hi Adam,

    This is not a criticism of Market club but I feel a the reality of trading. I am sure the TSLA showed up in the market club smart scan. But many other stocks would also have showed up and one could have picked to trade any of those but TSLA. And the non-TSLA stocks could have lost value in the last 2 weeks. So there must have been some fundamental reason why TSLA did better that all other stocks which matched the scan criteria? So a purely technical approach is viable?

    I feel its not very helpful to pick stocks after they have done well - can you tell me a stock which will do well in 2 weeks. Silly question one would say and I would agree. But here is the basic question - how can market club help me pick a TSLA out of 10 stocks matched by smart scan.

    I would like to know your thoughts.

    Thanks,
    Trikaal (A past Marketclub user)

    1. Trikaal,

      Thank you for your feedback.

      One of the reasons we talked about Tesla is there has been a load of information about automobile companies this past week or so. It was mainly about GM, and of course Ford is the other company that has done well. One of the keys for using MarketClub is to be consistent and follow a few markets that you like to follow and then just follow the Trade Triangles and you will make money. That I'm very comfortable in saying.

      You can also take advantage of our "SmartScan" technology. You can also scan for recently formed "Trade Triangles. One that came up today which I'm taking advantage of myself is UBS. A red monthly Trade Triangle came in at $16.08, the markets presently trading around $15.78. Unfortunately no program is going to tell you exactly what's going to happened in two weeks. If anyone that tells you that they would be disingenuous in my opinion. MarketClub offers great tools that you can make money with. The key of course is being patient and going with the winners and also cutting losses to a minimum.

      Let me know if we can be of any further assistance.

      All the best,
      Adam

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