Tesla Battery Day Reaction play

28 sept. 2020

Buying pattern spotted after Tesla Battery Day on the 24th of September.

• Followed buyers when the sector was falling, with an average price of 0.96
  
  
• Watch out for gap up region with high volume from $1.04 to $1.15. More upside coming this level holds
  
  
• Conditional exit trigger at 0.97
  

28 sept. 2020

Note

More upside coming if* this level holds

8 oct. 2020

Note

Sell: 30th of Sep due to morning breakdown with an average price around $1.20

Buy: Re-entry on the 5th Oct at average price of $1.14

Overall: reduced 40% of holdings
- 20% to fund my startup
- 20% to ASX:LKE

Rationale:
If the PFS turns out to be better than expected, VUL is likely to raise additional capital to conduct DFS. Might be better off to participate in SPP then.