$TSLA - Tesla - Long

I have added my second position on Tesla at $351. The first is in at $330.

The set up ticks all my boxes. Engulfing bar on double the average daily volume . Stoch and RSI oversold.

We have conflicting profit targets from various banks and funds. Goldman believe it is going sub $200, where as Nomura holdings have a PT of $500. As far as I am concerned Tesla are an innovative company way beyond their cars and are shaping our future technology.

We are, by our very nature speculators and therefore Tesla is a strong buy for me.
Comment: Stopped out of second position. First position still open.
Trade closed: stop reached: Both stops hit.


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