ZenTradesRW

ZenTradesRW

Looks like Tesla stock has behaved similarly to the historical pattern mentioned in my last idea. Post Q3 earnings surprise, shares surged ~30% to $340 and now are in normal fib retracement of 38.2% back in the $305-$315 range. Given the imminent start of Shanghai Gig Factory production, pickup truck unveil and Q4 typically being the best quarter for automakers, I...

ZenTradesRW Updated 

The pattern formed in early 2017 looks extremely similar to what is currently forming on the chart. Combined with an accommodating Fed (Sept 18-19), China factory progress / launch this month, potential positive news on deliveries early October, and unveiling of the pickup truck in November should drive shares higher. Additionally, any positive news on trade and...

ZenTradesRW

While Tesla has bounced around a wide trading range for the last few years, the stock will ultimately break out to new ATHs upon achieving positive Q4 earnings, which we'll know of in the next 2-3 weeks when those figures are released. On the technical side, you can see a double bottom which occurred last month at $300 and a bull flag formation which will...