$TSLA Tesla Motors - Major 12-Quarter Breakout
Updated
Looking at the long term chart of 
TSLA here: There are 12 quarters where TSLA traded every single quarter between 224 and 214.
Last quarter, the 1st quarter of 2017,TSLA had a RANGE EXPANSION rally, implying it is on a new uptrend phase.
If we count the range thatTSLA is in around this mode of 224-214, it is 290-140 or 150 points. We can add this trading range to 214 and get a target of $364. Don't get too excited because the time frame of the expected rally would be within 11 quarters. The other targets are much higher.
Hard to believe, especially with
F Ford's market cap being surpassed by Tesla today at $45 billion to $44 billion, but this is what the chart is telling us.
Solar roof tiles... battery technology... car insurance... automated driving.... and cars, of course. There's a lot of potential.
And consider that SMALL CAP funds own Tesla shares. Only the Nasdaq 100 owns Tesla as of 2013. Mid-Caps and Large Cap funds don't own Tesla shares. If the small cap funds sell their shares (clearly $45 billion market cap IS NOT a SMALL CAP) and Mid-Cap funds pick up Tesla or maybe not since it is too big now. This could go right to Large Cap with every fund management company kicking and screaming about ADDING TESLA at this valuation.
It's quite a story.
Tim West
April 3, 2017 4:03PM EST
TSLA here: There are 12 quarters where TSLA traded every single quarter between 224 and 214. Last quarter, the 1st quarter of 2017,
TSLA had a RANGE EXPANSION rally, implying it is on a new uptrend phase.If we count the range that
TSLA is in around this mode of 224-214, it is 290-140 or 150 points. We can add this trading range to 214 and get a target of $364. Don't get too excited because the time frame of the expected rally would be within 11 quarters. The other targets are much higher.Hard to believe, especially with
F Ford's market cap being surpassed by Tesla today at $45 billion to $44 billion, but this is what the chart is telling us.Solar roof tiles... battery technology... car insurance... automated driving.... and cars, of course. There's a lot of potential.
And consider that SMALL CAP funds own Tesla shares. Only the Nasdaq 100 owns Tesla as of 2013. Mid-Caps and Large Cap funds don't own Tesla shares. If the small cap funds sell their shares (clearly $45 billion market cap IS NOT a SMALL CAP) and Mid-Cap funds pick up Tesla or maybe not since it is too big now. This could go right to Large Cap with every fund management company kicking and screaming about ADDING TESLA at this valuation.
It's quite a story.
Tim West
April 3, 2017 4:03PM EST
Note
Here is the 10-quarter MODE from 28-27 that set up the massive rally.
Note
Here's how
TSLA rallied TWICE the accumulation range - it did a double 166% rally and has held on so far.Note
Note
I highlighted the "buy zone" green box for showing how to add to positions during pullbacks after range expansion moves. I am not in any way insinuating that I had put that box there before. I think it is wise to add to positions at the 50%-75% retracement level after a range expansion rally and use a stop at the start of the move, targeting the high of the move (the yellow triangle).Note
Exiting some long positions purchased on the drop into "low volume support" as shown on the chart.
May 30, 2017 11:20AM EST (now 11:26AM EST)
Note
I added the weekly "bright blue" Mode there to show you how the market just completed an 8-week rally from an 8-week mode, then just happened to set up another 8-week mode up here around $307-$308. Look for any drops back to $285 to be opportunities to enter new long positions. This should be the beginning on the advance to the next zone around the $350+ area. Measure the mode at $250+ to the mode at $305+ to target the $360 or so area. Skeptics abound and with July's start-up of production of the Model3, it could be interesting.Note
So much to say - Model 3 beyond "Serial Number 1" and so much happening in the world of electric vehicles, subsidies (subsi-DIES), new subsidies discussed in California, Volvo going all-in electric, VW saying they can deliver a 200 mile range car for $8000 less than Tesla or GM. It's a whirlwhind out there. Hold your hats.
The chart is telling us so many stories right now, so come to the Key Hidden Levels chat room and we can tell you all about it.
Tim 3:32AM EST July 17, 2017
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