$TSLA: Long term consolidation next
Today I decided to update my long term chart for Tesla Motors.
TSLA is one stock that has done really well with Timemode signals, basically in every timeframe, for as long as I've been following it (since timwest introduced me to it in 2015)
The quarterly uptrend expired end of June this year, which suggests that price action will be choppy for approximately 15 quarters in a row. Until then, it's probably ok to hold, if you don't have anything better to do with the funds invested in the stock and are ok with the opportunity cost. Personally, I hold no exposure to it and don't plan on it until we have long term clarity again.
I did a mode to mode projection for the next long term target in the stock, the last time I did this I got an approximated target of something between $118 and $336. You can see my old long term forecast in related ideas below.
Currently, I can estimate that price can eventually reach the vicinity of $3280 to $4100.
I'm confident in it getting there over time, but it can take a long wait, maybe by Q4 2026 to get the next trend signal, which will precede the start of steady acceleration to the upside.
Best of luck if you're a shareholder, and if you're not stay tuned for the next long term bullish signal in the stock, I'll be sure to catch it and share it with my clients.
Cheers,
Ivan Labrie.
TSLA is one stock that has done really well with Timemode signals, basically in every timeframe, for as long as I've been following it (since timwest introduced me to it in 2015)The quarterly uptrend expired end of June this year, which suggests that price action will be choppy for approximately 15 quarters in a row. Until then, it's probably ok to hold, if you don't have anything better to do with the funds invested in the stock and are ok with the opportunity cost. Personally, I hold no exposure to it and don't plan on it until we have long term clarity again.
I did a mode to mode projection for the next long term target in the stock, the last time I did this I got an approximated target of something between $118 and $336. You can see my old long term forecast in related ideas below.
Currently, I can estimate that price can eventually reach the vicinity of $3280 to $4100.
I'm confident in it getting there over time, but it can take a long wait, maybe by Q4 2026 to get the next trend signal, which will precede the start of steady acceleration to the upside.
Best of luck if you're a shareholder, and if you're not stay tuned for the next long term bullish signal in the stock, I'll be sure to catch it and share it with my clients.
Cheers,
Ivan Labrie.
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