TSLA: Long term uptrend in motion
Mis à jour
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 inTSLA, 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
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
Note
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.
Note
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.Note
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)
Note
I think we can hold here, I added 2% at the open, and 2% above yesterday's close.
Note
If we continue to hold here, we'll see the forecasted sideways range, except it'll be a bit wider.Note
Note
TSLA above the key earnings level resistance now:s3.amazonaws.com/tradingview/snapshots/w/Wh4i2dQK.png
If it holds above it, great! It might grind sideways here for a while.
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