Tesla entered the Golden Zone

2 nov 2023

Tesla is ready for another leg up: - TSLA

Technical Reasons:
Tesla has entered the golden zone - between the 0.5 and 0.18 Fib retracement
Money Flow Divergence on the daily
Commodity channel index divergence on the weekly
Stochastic Momentum switch on the daily
Already +- 5% off the lows which shows buyer are stepping in
RSI is exiting oversold territory


Fundamental Reasons:
Tesla had a +- 35% correction after missing expectations - This has now been priced in
Tesla Cyber Truck rollout commencing this quarter
Growing EV penetration vs Ice vehicles
Growing demand and margins in the energy storage side of the business
Continued expansion of production capacity (Mexico factory has the go-ahead
Continued investment and breakthroughs in real-world AI
Overall robust financial performance and cashflows
Obviously the potential for infinite returns due to Tesla's Optimum humanoid robot**

Trade setup
Pending a confirmed breakout
Entry between $204 to $209
Take Profit 1 - $230 - which will start filling the gap
Take Profit 2 - $242 - which will complete the gap fill
Take Profit 3 - $267 - previous swing high

Once TP1 hits - move stop-loss to break even for a risk free trade

Good Luck

2 nov 2023

Trade attivo

Trade setup is initially successful
Currently 6% up (30%+- on 5x Long)

Well Done to those that took the trade

14 nov 2023

Nota

Trade hit take profit 1 and edging closer to TP2
Currently 15% up (75%+- on 5x Long)

Incredible !