I am watching TSLA closely, I want to add to my long term longs on any kind of selloff, oversold dips, etc, as described in my previous publication, see related ideas. I added a guess/forecast based on the potential path way prices can follow after tomorrow. A drop after earnings gives us a low risk opportunity to join this uptrend and try to ride it until it tops in the long term. The quarterly signal suggests a continuous rally in it is possible, until we do hit our -rather lofty- targets.
Today I banked partially, down to 12.5% account...had too many shares haha. I will be buying back my 25% stake on dips. Always safe to buy drops in TSLA while the trend is up.
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I'm willing to bank short term entries, and buy back on dips, but will watch it to decide. I want to keep a long term entry open at all times.
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I had sent this alert to my clients today: "I'm temporarily taking profits from TSLA here, let's close the trade for now, we will reenter later on TSLA shed 13 points after our exit today...phew "
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There's a chance of getting a correction in TSLA soon, I reccomend selling and rebuying after this happens or, the signal gets nullified. Patience reccomended.
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Everything happened according to my analysis:
I think we can see all time highs very soon...I have a small pilot long only to see the moves and follow the actionl. I'd like to short at the top.
@charttrader, I sold for now, I had long term positions going but sold, and now shorting a bit here. Looks like we can get a correction next.
NamMyohoRengyKyo
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Buy the fucking dip stupid! Best trading advice from Mr. IvanLabrie.
IvanLabrie
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@raven192, hahaha, I tried to keep it simple ;)
The trend is up, and everyone hates the stock, great trend trade setup.
NamMyohoRengyKyo
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@IvanLabrie, But its true with most if not all time frames!! BTFD when trading
Notyour
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I do suspect that as soon as VW/Audi/Mercedes start selling EV cars massively .. TESLA will collapse to 0
astro313
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To be fair, TSLA is a nice company but it's stock is extremely overvalued. Even if they sell 35 000 thousand of Tesla 3 per year it will not be enough to post a profit. Sometimes you should live the graph behind a see whats the EPS, P/E etc. Good luck with it!