TSLA: This is where you buy long term

Good spot to buy if not in, or add if long.
No leverage, unless adding short term entries.

Cheers,

Ivan Labrie.

Trade active:

This is likely where #TSLA bottoms, selling wasn't done yesterday, but today it's a lot more muted so far, and it's the last day of a projected daily decline which seemed to be in control. After the close we could see buying:

Comment:

It looks like #TSLA bottomed as per the last trend signal in the daily timeframe, coinciding with a 3 day window for investors to clear out of positions they held...with no one left to sell, it's poised to rally significantly despite the seemingly bad news

Comment:

If we can climb over the resistance above, we can be really safe in our hodl position in #TSLA

Let's see how it goes.

Comment:

Elon Musk made an insider transaction, buying at $300 today. I copied the action following his last insider operation for reference, let's see how it goes. If shorts get squeezed, we can easily land on the $455 quarterly target, rather fast too

Comment:

Comment:

The expected dip materialized, add here:

Comment:

Panned out very similarly to what I expected, except support was tested at the lower portion of the range, not the middle. Still, bulls contained the selling and now we are ready to march higher.
#TSLA is likely to rally until August, potentially might get some kind of correction ahead of mid term elections in the US, the current chart has a potential weekly uptrend signal yet to be confirmed

Once safe we could look into adding some more to it.

Comment:

#TSLA might squeeze all shorts really hard here...if it does, target #1 would be reached in a heartbeat, and it wouldn't shock me if we go even higher...Let's hodl and wait.