I believe we are not following macros at the moment, but a similar chart formation to March/April 2013.......just before the real pop on the earnings report in May 2013. The similarities - first a breakout to a new ATH, then a pullback over a period of a couple weeks to 'test' the new support, which was then followed by a slow & steady return of the stock price to the ATH and a steady gap up above it until just before the envelope was opened and read aloud on earnings day. I see the stock price currently testing and building support around the 300 level instead of continuing to creep up as a really good thing - it builds a bigger foundation for the launch pad. It could create a wonderful double-dip chart poised for launch that every analyst can share before earnings day, and it gives time to march up to the earnings date at with a steady pace like 2013, instead of the many erratic retracements to ATH's in so many of the quarters between 2013 and now that had no real fundamental support - just hope and a big sell on the news.
But for all the time I have spent looking at the technicals, the one single data point that gives me the most hope for a nice run next month is that the brokerage firm we use sent us a rating on TSLA for the first time that I recall since the last big run........and their opinion of the value of the stock at this point in time was very poor. I take that as a sign that they need shares to loan and shares to hold themselves. They know I have some and they want them because good things are just around the corner. Greed is horrible thing. They get my money on every trade we have made with them for years, and they are likely making money from our account in ways I could not guess, and still after all that time they would close me out in a flash for the cash by presenting to me what I consider to be a misleading representation on TSLA at this point in time. So perhaps the best investment advice I have learned from all this is to find really greedy people and then do exactly the opposite of what they tell you to do. And based on the note I just received from them we should hold our TSLA shares as tightly as ever now. The dog pile is coming because once again there aren't enough shares to go around. Good luck everyone
