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.
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.
Trade active
Trade active
Quarterly signal activated!
$869 target now probable.
Trade active
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...
Note
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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.