TSLA: Correction potentially over

2016년 11월 16일

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.

2016년 11월 17일

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

2016년 11월 18일

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2016년 11월 21일

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Acting great...hold.

2016년 11월 28일

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Great progress, let it run.

2016년 12월 5일

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You may reenter or add here.

2016년 12월 6일

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

2016년 12월 8일

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

2016년 12월 9일

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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.

2016년 12월 9일

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2016년 12월 21일

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215-225-227 next.

2017년 1월 14일

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

Some good news at last...

2017년 2월 17일

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