In April I asked members to stock letters I run: "is Tesla About To Beat Estimates?" As it turns out, there were. Our strategy back then was to wait for TSLA to get under $200 and look for a good technical entry. We found that entry near the bottom and have rode an imperfect V shape up since then. The TSLAQ crowd looks dumber by the day. In fact, I am going to suggest on Seeking Alpha that Tesla should buy GM now.
We have 3x traded Tesla well. This is the 4th. I expect another entry at lower prices soon.
With TSLA shares on the verge of being technically overextended. Sometime in early January, if this rally gets more oversold on RSI and if Chaikin Money Flow plateaus at previous highs, it will be time to trim shares. For now, I recommend scaling out about 1/6 at a time.
We will likely see TSLA around $250 again sometime in 2020. Also, if they do buy GM, which would be the ultimate "I just changed the world" moment for Elon Musk, the shares could head back to around $200 again. Caution, this rally is a chaser's rally. Don't be a chaser.
We have 3x traded Tesla well. This is the 4th. I expect another entry at lower prices soon.
With TSLA shares on the verge of being technically overextended. Sometime in early January, if this rally gets more oversold on RSI and if Chaikin Money Flow plateaus at previous highs, it will be time to trim shares. For now, I recommend scaling out about 1/6 at a time.
We will likely see TSLA around $250 again sometime in 2020. Also, if they do buy GM, which would be the ultimate "I just changed the world" moment for Elon Musk, the shares could head back to around $200 again. Caution, this rally is a chaser's rally. Don't be a chaser.