TSLA: Confirmed weekly long

We're already long TSLA             , but now we have valid incentives to take a weekly long, specially good if you missed our early bird entry at 184 give or take. The weekly trend is shown to be up, as per the RgMov indicator, and we have a clear pattern where we broke back above the correction 'speed line' which is now holding as support, as well as having buyers step in at previous low volume levels.

All of this shows underlying strength, and considering our oil             forecasts, and the SCTY             merger with no one thought would happen, and last but not least, the % of the float that is short, we can expect a rapid and large short squeeze rally here. If not long, you my enter at market, or on dips, with stops under 178.19, or take a longer term style trade, buying a 2-5% account stake over the course of a few days. (I think it's a bit late for that, but not terrible).

Good luck!

Ivan Labrie.
Comment: Holding pretty well.
Comment: Booyah.
Comment: This is where you look to add after a consolidation.
Awesome analysis Ivan thanks for sharing!
+2 Reply
IvanLabrie PRO SharkbaitAl
@SharkbaitAl, thanks!
but actually Company Tesla nothing innovative. Battery?
I believe that in a period of depression, fall in price twice
The same situation with Apple
@EXCAVO, nothing innovative? That's a strange way to look at it. Most people are fixated on negative cash flow and other issues, but the fact is there was a ton of capital invested in productive things, not just stock buy backs like most.
Also, it will probably rally with oil, that's what I think.
I'm long from 184 give or take, not too worried.
There was a 28% short float, and shorts are going to be squeezed out probably, fueling the rally too.
IvanLabrie PRO IvanLabrie
@IvanLabrie, another thing, everyone was calling a crash in the S&P, I was bullish. So far, being on the right track by not following the general opinion. We'll have to wait and see here.
+1 Reply
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