TSLA: Correction potentially over

2016年11月16日

I'm long TSLA from here, risk is $19.83 per share. I expect a short squeeze rally to come after the merger news come out. If price drops lower, I'd look to buy near $150, but I doubt it'll happen. Long term, buying in this wide range, between 150 and 200 is possibly a great trade.

Technically wise, price appears to have formed a falling wedge, maybe the last wave of a correction before more upside. If that's the case we'll see a very rapid rally back to the $270 mark in 1/4 of the time it took to fall down from it. Additionally, we're up for the day here after testing a low volume support level from the weekly, so we have a low risk long opportunity in play.
Refer to Tim West's TSLA Elliott Wave count for more information. (keep in mind this is my interpretation of the chart. If you have any doubts about the wave count, contact Tim.

Good luck,

Ivan Labrie.

2016年11月17日

註釋

Absolutely spot on...85% approved the Solar City merger, we can expect a massive short squeeze to begin.

2016年11月18日

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2016年11月21日

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Acting great...hold.

2016年11月28日

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Great progress, let it run.

2016年12月5日

註釋

You may reenter or add here.

2016年12月6日

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We might be seeing a double bottom here, but it's not entirely clear yet.

2016年12月8日

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We have a 10 bar mode and uptrend signal now, I'll add another position tomorrow, ideally on dips.

2016年12月9日

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seekingalpha.com/article/4029605-teslas-short-interest-surges-solarcity-deal

We can see a huge short squeeze here soon. Hold longs.

2016年12月9日

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2016年12月21日

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215-225-227 next.

2017年1月14日

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bloomberg.com/news/articles/2017-01-14/spacex-successfully-launches-rocket-with-payload-of-satellites

Some good news at last...

2017年2月17日

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