IvanLabrie
Long

TSLA: Correction potentially over

NASDAQ:TSLA   TESLA MTRS INC
2 months ago
I'm long TSLA             from here, risk is $19.83 per share. I expect a short squeeze rally to come after the merger news come out. If price drops lower, I'd look to buy near $150, but I doubt it'll happen. Long term, buying in this wide range, between 150 and 200 is possibly a great trade.

Technically wise, price appears to have formed a falling wedge , maybe the last wave of a correction before more upside. If that's the case we'll see a very rapid rally back to the $270 mark in 1/4 of the time it took to fall down from it. Additionally, we're up for the day here after testing a low volume support level from the weekly, so we have a low risk long opportunity in play.
Refer to Tim West's TSLA             Elliott Wave count for more information. (keep in mind this is my interpretation of the chart. If you have any doubts about the wave count, contact Tim.

Good luck,

Ivan Labrie.
2 months ago
Comment: Absolutely spot on...85% approved the Solar City merger, we can expect a massive short squeeze to begin.
2 months ago
Comment:
snapshot
2 months ago
Comment: Acting great...hold.
2 months ago
Comment: Great progress, let it run.
2 months ago
Comment: You may reenter or add here.
2 months ago
Comment: We might be seeing a double bottom here, but it's not entirely clear yet.

snapshot
2 months ago
Comment: We have a 10 bar mode and uptrend signal now, I'll add another position tomorrow, ideally on dips.
a month ago
Comment: http://seekingalpha.com/article/4029605-teslas-short-interest-surges-solarcity-deal

We can see a huge short squeeze here soon. Hold longs.
a month ago
Comment:
snapshot
a month ago
Comment: 215-225-227 next.
8 days ago
Comment: https://www.bloomberg.com/news/articles/2017-01-14/spacex-successfully-launches-rocket-with-payload-of-satellites

Some good news at last...
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).

Related Ideas

ChimbOt PRO
2 months ago
You are a smart man
tsla -long

Reply
IvanLabrie PRO ChimbOt
2 months ago
@ChimbOt, or we're both crazy...but it's worth a shot considering tomorrow's news.
Reply
keshavreddi
2 months ago
Rally back to the $270 mark in 1/4 of the time it took to fall down from it, on order this prediction to be true, price was dropped in 7 months from 270 to current price 184. 1/4 time means next 2 months.
+1 Reply
IvanLabrie PRO keshavreddi
2 months ago
@keshavreddi, hi, yes, if this were a completed terminal pattern, that would be the likely outcome.
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SebastianTarlach
2 months ago
What it means it finally bounce up?
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IvanLabrie PRO SebastianTarlach
2 months ago
@SebastianTarlach, Possibly, the market has been awaiting to hear about the merger, and we have a live event today. If it shoots up with oil, and oil keeps going, that's a good enough catalyst for a short squeeze rally.
Bears are paying massive interest to hold short positions open, that can create a brutal rally.
Reply
SebastianTarlach IvanLabrie
2 months ago
@IvanLabrie, ohh thanks that's a good news.. I am gonna buy...when is that announcement gonna happen I am going to put on it all my cash
Reply
IvanLabrie PRO SebastianTarlach
2 months ago
@SebastianTarlach, Never put all your cash in anything...I'd reccomend 2% of it, no leverage.
Announcement is out today at 1pm PST, in like 5 hours and 11 minutes.
Reply
SebastianTarlach IvanLabrie
2 months ago
@IvanLabrie, thanks so much for your tip and charts absolute legend..made 3000£ thanks to you xxxx
+2 Reply
IvanLabrie PRO SebastianTarlach
2 months ago
@SebastianTarlach, hey, glad to hear, it just began, let's see how it moves until all shorts are squeezed. I'll update when I feel we can add to longs, and when to trail stops.
Cheers mate.
Reply
SebastianTarlach IvanLabrie
2 months ago
@IvanLabrie, thank you so much you're a LEGEND
+1 Reply
ropaar
2 months ago
Great. I am thinking to buy call options tomorrow. You think that's a good idea. How far out you think I should buy, 3 months, 2 months or longer? Thanks.
+1 Reply
IvanLabrie PRO ropaar
2 months ago
@ropaar, Yes, you can buy until December to be safe, or just buy shares. I'm long shares.
Reply
G13Man
2 months ago
snapshot


divergence ?
Reply
vonLuftwaffle G13Man
2 months ago
@G13Man, Yes, there has been a dissipation of bullish momentum over the past 2 years and this should lead to the beginning of a new bearish trend.
[TSLA SHORT] TSLA
Reply
IvanLabrie PRO vonLuftwaffle
2 months ago
@vonLuftwaffle, I disagree, but you can read my conclusions in the chart above.
Reply
G13Man G13Man
5 days ago
@G13Man,
snapshot

thinking this could go up a bit more
the slow downs seem to lead to quick ups
Reply
IvanLabrie PRO G13Man
5 days ago
@G13Man, definitely, there's virtually no resistance above. We could already be in the continuation of the quarterly uptrend...upside to 3040.
Reply
ropaar
2 months ago
@IvanLabrie . Maybe TSLA is having a correction?
+1 Reply
IvanLabrie PRO ropaar
2 months ago
@ropaar, hi, yes, it won't just go in a straight line, but we should see a rally from here onwards.
Reply
ropaar IvanLabrie
2 months ago
@IvanLabrie, Thanks. I haven't enter a position yet.
+1 Reply
IvanLabrie PRO ropaar
2 months ago
@ropaar, well you might as well take it here.
Reply
ropaar IvanLabrie
2 months ago
@IvanLabrie, seems like a plan. Thanks.
Reply
ropaar ropaar
2 months ago
Reply
vonLuftwaffle
2 months ago
Hi, I know this was written 4 days ago but I'd like to know if you're still bullish. I personally think we're going to head down to $150 and possibly break that by Jan 2017 based on the dissipation of bullish momentum we've seen in the past 2 years. I'd love to get your feedback on my idea.
[TSLA SHORT] TSLA
Reply
IvanLabrie PRO vonLuftwaffle
2 months ago
@vonLuftwaffle, My analysis isn't based on moving averages, or these observations so I disagree. I think we have a bottom in oil, and TSLA here, now. Predicting far longer into the future, I wouldn't know, but I'm biased towards the long side.
Reply
G13Man vonLuftwaffle
2 months ago
@vonLuftwaffle, your 150 prediction matches the low He mentioned in his above / original comment

i tend to agree lower for now ,
Reply
Ozzy
2 months ago
Nice!
Reply
IvanLabrie PRO Ozzy
2 months ago
@Ozzy, thanks, you took the trade?
Reply
Ozzy IvanLabrie
2 months ago
@IvanLabrie, Yup! I thought the good amount of previous resistance in the area was worth the shot!
+1 Reply
IvanLabrie PRO Ozzy
2 months ago
@Ozzy, I'm glad to hear, rocking it for now. Crossing fingers! See you over 207 ;)...then we can aim for 215+.
Reply
Been a real nice ride up to 226. What next in your opinion??
+1 Reply
IvanLabrie PRO RJHumphries
17 days ago
@RJHumphries, I think it could be in a bull market phase, for the longer term. It's harder to 'pay up' if you already closed, but we might have to do that soon.
I'm flat for the moment.
Reply
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