TSLA: Ready to resume the quarterly uptrend?
Updated
I think 
TSLA might be about to jump, and continue the quarterly timeframe uptrend. The first target for said rally is interestingly, the same potential target we would get from the weekly trend, which will become active once we break up over the resistance. I bought here for the past two days, aiming to catch the exact bottom in the daily timeframe, after two severe corrections took place in the stock, since we sold at $365 a few months ago. With the potential the Model 3 has, I think a rally from these parts is highly probable.
As a sidenote, cryptocurrencies follow a similar path, with one in particular exhibiting almost the same shapes and timing for all the price action since inception. I'm talking about
ETHUSD, you can check it out on your own, fairly interesting and might be an implication that both will rally together once more, since I see them both as a buy here. Both instruments, although seemingly dissimilar, might be part of the same macro trend, probably related to the spending habits of the young population.
Best of luck if joining us in this trade,
Cheers.
Ivan Labrie.
TSLA might be about to jump, and continue the quarterly timeframe uptrend. The first target for said rally is interestingly, the same potential target we would get from the weekly trend, which will become active once we break up over the resistance. I bought here for the past two days, aiming to catch the exact bottom in the daily timeframe, after two severe corrections took place in the stock, since we sold at $365 a few months ago. With the potential the Model 3 has, I think a rally from these parts is highly probable. As a sidenote, cryptocurrencies follow a similar path, with one in particular exhibiting almost the same shapes and timing for all the price action since inception. I'm talking about
ETHUSD, you can check it out on your own, fairly interesting and might be an implication that both will rally together once more, since I see them both as a buy here. Both instruments, although seemingly dissimilar, might be part of the same macro trend, probably related to the spending habits of the young population.Best of luck if joining us in this trade,
Cheers.
Ivan Labrie.
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youtube.com/watch?v=d7m6ivDvWNII'm holding longs, had to exit my position in loss, and reentered recently at 318.95
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Very nice base and breakout...added a little more today, cost basis is around 309.55 so far.
Trade closed manually
I've sold longs near the top of the last rally, now out after taking some minor losses trying to buy back.Watching the support below in red, if breached we could get a chance to buy
TSLA lower, near $243. I'd take that chance if it comes, to gain long term exposure once more.
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