TSLA Cup & Handle Bullish Continuation

NASDAQ:TSLA   Tesla, Inc.
TSLA as shown on the 60 minute chart has been in a cup and handle since the last earnings

report. Trading volumes increased then and the print is a gradual downtrend reversed to a

gradual uptrend then the handle formation and finally the breakout above the lip of the cup.

TSLA and Ford this week announced collaboration on a charging network primarily with Ford

customers getting use on existing TSLA stations and both companies expanding the network.

Perhaps this mutually benefits both companies. China holding interest rates and perhaps

lowering them more easily allows financing of new Telsas in TSLA's biggest market. Based

on the technicals about the cup and handle and the height of the cup. the pattern which has

good reliability predicts bullish continuation of $40 upside. In consideration of this I will

take a trade of an additional 2 contracts ( strike $180 Exp mid November).
Trade active:
TSLA had a great day to finish out the trading week. TSLA and F agreed to a charging station collaboration which benefits them both ( Win /WIn) Check the news for details. CAll options achieved 74% on day return. Expecting more. Holding through the weekend. The greedy get their reward so long as they have enough patience to keep the greed under control
Trade active:
Call options for 6/16 went 2X- Sold one of three. Will sell one runner on Friday 6/2
high of the day. Will buy another tomorrow at low of day on 15 minute TF chart will
average up.
Trade active:
TSLA has had a great run which could be due to top-out and retrace. I am on watch
a possible downturn but am keeping the calls running for now In the meanwhile I am looking for Mr. Musk to orchestrate another news catalyst for a momentum boost.

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