$TSLA: at the brink of a huge signal...

2 Jul 2024

I have been long TSLA for a few weeks now, but the time to add to it is almost upon us.
A while back, the stock triggered a quarterly down trend and I was worried of a possible dramatic decline if that signal worked, but I'm glad to say it had no follow through and now the opposite is true: TSLA is set to rally to new all time highs.

If price gets over $233.67 this month, we will have more confidence in this outcome, as the monthly trend will be confirmed then.

Target zone near $430 is our focus for the time being, but this could activate a quarterly up trend, which would suggest a 12 quarter run towards $873 would be possible

Best of luck!

Cheers,

Ivan Labrie.

3 Jul 2024

Dagangan aktif

9 Jul 2024

Dagangan aktif

Quarterly signal activated!

$869 target now probable.

11 Okt 2024

Dagangan aktif

Retesting the quarterly mode delays momentum, unless the stock surges up in Q1 2025...

That said, if it breaks under 197.88 then the trend failed...

23 Okt 2024

Nota

Quarterly chart trend back on track I think, weekly now bullish after earnings surprised positively...



I'm long and waiting patiently, maybe we see it over $3000 long term.

8 Nov 2024

Dagangan ditutup: sasaran tercapai

6-Month trend signal fired, 8 bars...

Last 'bull cycle' in TSLA was a signal for 8 bars in this timeframe, in the 2nd half of 2019.

It reached almost 3 target ranges and moved fast!

The very first up trend in TSLA was also a signal of this scale...