$TSLA: at the brink of a huge signal...I have been long NASDAQ:TSLA for a few weeks now, but the time to add to it is almost upon us.
A while back, the stock triggered a quarterly down trend and I was worried of a possible dramatic decline if that signal worked, but I'm glad to say it had no follow through and now the opposite is true: NASDAQ:TSLA is set to rally to new all time highs.
If price gets over $233.67 this month, we will have more confidence in this outcome, as the monthly trend will be confirmed then.
Target zone near $430 is our focus for the time being, but this could activate a quarterly up trend, which would suggest a 12 quarter run towards $873 would be possible
Best of luck!
Cheers,
Ivan Labrie.