Tesla to $420

Updated

Not kidding
I hate it but I believe 420-600 is happening this year
Straight up after

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I am bullish on TSLA so will not be shorting/purchasing puts
Some of current long position has been sold to be purchased again at lower levels

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TSLA could go into 1100-1200 area again before drop
Main target now $630

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Last comment not likely at this point
$630 remains main target

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Price moving down too quickly
If target of 630 is hit before end of month, fewer shares/options will be purchased @ 630
Target range then 550-630

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First target hit but expecting continued downward pressure into next month (probably briefly)
Original position repurchased at roughly 40% discount

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Will sell partial position if we make it to $865 before continuing downward

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Expecting continued push down into this week and then a short term rally the following 3-4 weeks (possibly to 865 target) then continuation downward into 550 area or lower

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Expecting a push up next 2-3 weeks and then final target area of 540-560

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Still looking for 865 before final move down into 420-550 area

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75% position sold @ 865
Remaining 25% will be sold if we make it to 950 area

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Remaining position sold

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Expecting a market bottom the second half of 2023 and TSLA only needs a couple months of heavy selling to bottom so TSLA might run up in the coming months.
Because of the uncertainty, my position will stay flat

OptionsPortal

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