Since this will be a short term trade, I won't be going into the fundamentals as much and focusing on the technicals.
There is a nice symmetrical triangle which had a false breakout on the 15th and just retested the lower support (great place to enter trade).
MA is about to cross to the upside.
Squeeze mob finished releasing pressure and is consolidating (in the 15m timeframe, it has already started releasing to the greenside).
Stock split should allow more investors to buy shares and options (mostly retail who don't have access to fractional shares).
RSI is low and has starting going up strongly (Average hasn't moved up yet).
The overall company is doing great (see previous analysis)
The last time Tesla had a stock split, the stock rose over 80% from the date of the split to the end of the year (And 84% from the announcement to the date of the split for an overall increase of almost 200%).
I will be adding more Tesla to my long term position. I am trying to maximize my returns by buying when I feel as if it is under the intrinsic value of Tesla.
This isn't investment advice, do your own due diligence.
There is a nice symmetrical triangle which had a false breakout on the 15th and just retested the lower support (great place to enter trade).
MA is about to cross to the upside.
Squeeze mob finished releasing pressure and is consolidating (in the 15m timeframe, it has already started releasing to the greenside).
Stock split should allow more investors to buy shares and options (mostly retail who don't have access to fractional shares).
RSI is low and has starting going up strongly (Average hasn't moved up yet).
The overall company is doing great (see previous analysis)
The last time Tesla had a stock split, the stock rose over 80% from the date of the split to the end of the year (And 84% from the announcement to the date of the split for an overall increase of almost 200%).
I will be adding more Tesla to my long term position. I am trying to maximize my returns by buying when I feel as if it is under the intrinsic value of Tesla.
This isn't investment advice, do your own due diligence.
Trade active:
.
Target 1: 309 (pre-split $927)
Target 2: 324 (pre-split $972)
Target 1: 309 (pre-split $927)
Target 2: 324 (pre-split $972)
Comment:
I will continue to update this idea until mid september
Comment:
I forgot to add the MA cross that I was referring to, to the chart
