Technical Analysis purists, short term traders, and Elon haters won't like this strategy, but to me it's an obvious play.
The robotics and AI technology they are developing at Tesla will disrupt and transform human life way more than their electric cars already have. I want to own some of this stock for the next 10 years for when these technologies actually start doing what I know they will.
I've already decided I'm getting a stack of TSLA for a long-term hold position. Now I just need to be patient and find the best entry possible.
I'll enter a long position when price is near the bottom line, between $135 and $140.
No leverage, just straight holding, and I don't care about chop either way over the next 10 years. If it goes near $100 again, I'll add to my stack.
Good luck.
The robotics and AI technology they are developing at Tesla will disrupt and transform human life way more than their electric cars already have. I want to own some of this stock for the next 10 years for when these technologies actually start doing what I know they will.
I've already decided I'm getting a stack of TSLA for a long-term hold position. Now I just need to be patient and find the best entry possible.
I'll enter a long position when price is near the bottom line, between $135 and $140.
No leverage, just straight holding, and I don't care about chop either way over the next 10 years. If it goes near $100 again, I'll add to my stack.
Good luck.
Trade active
OK. Buy zone hit. In for a long-term hold position with the possibility of adding more if support breaks.Note
So far this trade has gone very well. Yes. I do think TSLA will return to the $150-160 zone, down from today's $215.
It's a good time to take some of the profits off the table, with re-buy zones at $160, $150, and near $100.
Then hold your TSLA stack tight for the next 10+ years because it's going to get fun.
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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.