This one suggests the weekly signal will be wiped out, judging by the monthly setup, and the coming Cybertruck event, I think it's likely ok to buy here and front run the monthly signal that might trigger next month (which could also form a larger quarterly trend and point to a rally towards $900 over time too)
I suggest to buy a position here if you own no
TSLA
shares yet, low risk entry to benefit from momentum that can land you a low risk long term trade. It's also a good way to have exposure to various investment themes, and by now the company is derisked, fundamentally, which justifies a more patient long term perspective, rather than reactive trading with tight stops.
Best of luck!
Cheers,
Ivan Labrie.
I suggest to buy a position here if you own no
TSLA
shares yet, low risk entry to benefit from momentum that can land you a low risk long term trade. It's also a good way to have exposure to various investment themes, and by now the company is derisked, fundamentally, which justifies a more patient long term perspective, rather than reactive trading with tight stops. Best of luck!
Cheers,
Ivan Labrie.
Trade closed manually:
I'm out, seems like the stock will chop sideways for a long time.
Elon wanting to own 25% of the company before continuing AI developments is a problem here. Support broke and monthly trend can turn negative, even though there's an active 7 month uptrend since I posted this chart. The initial rally was good but if failed.
Elon wanting to own 25% of the company before continuing AI developments is a problem here. Support broke and monthly trend can turn negative, even though there's an active 7 month uptrend since I posted this chart. The initial rally was good but if failed.
Comment:
Down trend signal popped...not good.
Down trend signal popped...not good.
Back at my entry zone...
I loaded up on some LEAPS here.