Long

Tesla Wyckoff update #9

Updated

Tesla is in phase D of wyckoff accumulation. The stock should go up until earnings 19th October and then drop down. My prediction is that the stock will recover and then around 7th November phase E should start and take the stock up to 440 where I recommend selling as the stock will be very overbought on the weekly chart.

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Green line @280 is my buy postion

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Selling @308

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I was partly wrong. The stock is still wedging down along the two orange drawn lines. But the while lines I drew will only start from a lower point. We might hit 440 in early Dec?

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We should break out of this 1 year wedge soon as the stock will most likely not go under the 200MA on the daily.

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