jorisd
Long

TESLA : Monster stock, long term buy&hold

NASDAQ:TSLA   TESLA INC
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12
Like I said in my previous idea, Tesla is a long term buy. Recent news about TESLA cybertruck, and new subscriptions model will allow TESLA to be well funded and have a wide range of vehicules.

I've drawn a simple chart, with key areas to watch.

If the stock were to retrace, it would be ideal for you to build a long position : Ichimoku cloud gives us strong buy area, same with a wide support between $259 and $283.

If we break $380 resistance, I'm expecting to fly to $600 with a short squeeze. Long term target is $1800 in april 2021 if history repeats itself.

Please like and follow :)
Comment: Would be wise to take "some" profit here. $500 is a psychological level, but I still think there is some more room until correction. Place your bet gentlemen!
Comment: Let's see how the markets open monday, it can be good to long from the middle of that channel.
Comment: Time to load on PUT option. September look attractive for a $1000 target.
Comment:
Back in triangle, didn't break it (yet). So far so good, although I would like a close below the 10d SMA.

Take care !

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