Tesla, Inc.

TSLA monthly hints at new alltime highs

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This is an extremely simple observation:

Every time the monthly stoch RSI went to 100, so full overbought, we saw new alltime highs.

Quite simple!
That was already twice the case, and I think it will happen again now.
TSLA is on a brutal run, I by the way also called the bottom back in may, it was pretty clear back then that this was a huge trap for poor shorters:
CNBC and Morgan Stanley are idiots. TSLA is a buy.


So yes, chartwise this is pretty simple.
But the fundamentals also confirm this:
Gigafactory 3 finished, Model 3 production started there.
Maybe extension of EV rebates.
Gigafactory 4 near Berlin starts in being built in Jan 2020.
Growth, expansion, growth on all fronts.

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