My view on TSLA - still in a buy zone

For me to be bearish, 250 needs to be broken on a MONTHLY scale.

Keep in mind, the last range took 3 years to break out of. It has only been one year inside the current range.

Last analysis on Tesla-

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now testing 250 in a dangerous way. I am leaning toward a breakdown now (price is currently 252).

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The price action last week was extremely positive for Tesla. I expect new all time highs in the coming 12 months

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New highs on the way - IMO 2020.

We'd be quite lucky to see a dip down to 265 - 280

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New highs for 2020 were an understatement...

Technically speaking, there is no way to predict a top. It could find a point where it consolidates for another 2 years then continue running higher. There is no way to say what TSLA will do. But anyone trying to short up here is missing the point.. TSLA longs... congrats. This trade took belief. To the people making fun of shorts, it could have happened to anyone.

The last breakout from a multi year consolidation ran up 600%. I am not making a prediction, but simply looking at the past parabolic advance. Anything could happen from here.

Lanmar

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Lanmar