TSLA: Long term uptrend in motion

I still think $TSLA will violently outperform the market, since we triggered a quarterly uptrend signal recently, and I expect it to rally to 3040, in the long term, but, right now we could form a sideways range, as the smart money accumulates buys, before going for the next batch of short squeezes.

Shorts have been extremely stubborn in $TSLA, and continue to cling to their bearish fundamental views, despite being massively in the red. The short interest is 26%, and the days to cover, roughly 8-9 based on the average volume . TSLA 1.22% can still rally rapidly to 375, but, it'd be good to be careful and await further signals to add, like, seeing how earnings affect $TSLA in the coming months. In the long term, the stock has potential upside to 3040.

Cheers,

Ivan Labrie

Comment:

Earnings were interesting, despite the loss, the outcome is positive with a few interesting highlights:

-Model 3 deliveries/production paints a bright picture for investors.
-Revenue growth has been remarkable.
-TSLA will sell their own insurance policies on cars.
-There will be 4 more Gigafactories, the one currently active is dubbed 'Gigafactory 1'
-Doubling down on Supercharger locations in the US

Price will gap up and potentially follow my proyected path, while buyers accumulate shares. I'll be buying on dips to add.

Comment:

I'm waiting for the bottom of this correction to be confirmed to add more. There's a weekly long opportunity here, but I'd reccomend waiting 3 more days for the daily to align with the long trade.

Comment:

5 std deviations from the linear regression line from bottom to top
oversold, daily uptrend, if it breaks today's high next week, it'll be a nice signal too (daily rgmov is up)

Comment:

I think we can hold here, I added 2% at the open, and 2% above yesterday's close.

Comment:

If we continue to hold here, we'll see the forecasted sideways range, except it'll be a bit wider.

Comment:

Comment:

$TSLA above the key earnings level resistance now:
s3.amazonaws.com/tra...shots/w/Wh4i2dQK.png
If it holds above it, great! It might grind sideways here for a while.