TSLA Weekly Longterm LONG
TSLA is here on the weekly chart. I have added a couple of anchored VWAPs and their
standard deviations to the chart itself. The two indicators are the zerio-lag MACD which
shows upgoing lines crossing the zero horizontal line and a positive histogram. The Price Volume
Trend indicator shows a cross and consistent upgoing action since February 1, 2023. The chart
itself shows price to have crossed over the two mean VWAPs 4 weeks ago which is confirm-
atory for bullish momentum. TSLA pivoted up from the second deviation below the mean
VWAPs about February 1st. My target is $360 the present level of the second deviation lines
(red) above the mean VWAP confluent with the horizontal resistance zone of the highs
from November 2022 January 2023 and April 2023 all a triple top of sorts. I am highly
bullish on TSLA overall given its progress in autonomous driving, charging station
station infrastructure, deal making with F GM and RIVN insofar as charging standards
and cooperative ventures as well as obvious signs of growth with Cybertruck production,
and new plants in Mexico and potentially Spain and India. I have purchased ten options
striking $350 with a December 2023 expiration. I have call options expiring in August
and September. I expect to roll them out for more than a year to minimize the tax treatment
of expected significant profits.
standard deviations to the chart itself. The two indicators are the zerio-lag MACD which
shows upgoing lines crossing the zero horizontal line and a positive histogram. The Price Volume
Trend indicator shows a cross and consistent upgoing action since February 1, 2023. The chart
itself shows price to have crossed over the two mean VWAPs 4 weeks ago which is confirm-
atory for bullish momentum. TSLA pivoted up from the second deviation below the mean
VWAPs about February 1st. My target is $360 the present level of the second deviation lines
(red) above the mean VWAP confluent with the horizontal resistance zone of the highs
from November 2022 January 2023 and April 2023 all a triple top of sorts. I am highly
bullish on TSLA overall given its progress in autonomous driving, charging station
station infrastructure, deal making with F GM and RIVN insofar as charging standards
and cooperative ventures as well as obvious signs of growth with Cybertruck production,
and new plants in Mexico and potentially Spain and India. I have purchased ten options
striking $350 with a December 2023 expiration. I have call options expiring in August
and September. I expect to roll them out for more than a year to minimize the tax treatment
of expected significant profits.
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