TSLA: Good luck shorts, heading to $500-700
Updated
TSLA with a very bullish setup. Clean 5 waves up and 3 waves down. Broke through the resistance curve and successfully retested. Fib extensions point to $520-700. Shorts will cry.
Note
The recent rally ran out of steam at the previous local peak of $217. I would expect some consolidation over the next week or two towards the $180-$190 region followed by a breakout of the previous local peak. Patience-- stocks do not go up in a straight line.... usually ;)Note
Looks like there was no consolidation needed yet. TSLA broke through the previous local peak of $217 with ease. If you are still short, these next couple of months will be very painful.Note
Indicating 228/share in pre-market. Very nice move. Shorts continue to get steam rolled every day. Don't be surprised if TSLA rally takes a pause in the next few days to digest some of the recent gains, but the major uptrend remains firmly in tact.Note
Bears are in shambles. Fun just getting started for BullsNote
Earnings tomorrow. +10% ?
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