Super Bulls Only

[TrendTrader007]

Congrats! What's your take short-term over the coming 4ish weeks? I don't believe in a short squeeze but will we see a short covering rally?

This weekend I’m doing research on market Smith software to see parallels to this weeks move
W8ll keep you guys posted on what I find but on a cursory glance it seems to me that this weeks move of 27% is amongst some of the biggest moves Made by Tesla in the last 10 years of its stock history so the probability is to the upside overwhelmingly
Maybe the closest anything comes to this weeks move would be 2013
However as recent as October 2018 you had a single week move which was very similar to current week move which took Tesla from $260 all the way to $330 in a single week so pretty identical and then six weeks later the stock was at 379

My feeling is that we are headed to $380 for sure and there’s a good probability of 400+ even $450-$470 but your guess is as good as mine

 

[TrendTrader007]

okay i did Market smith analysis of $tsla SP action since IPO 10 yrs ago and to make a long story short it is highly unlikely that $tsla SP will stop at anything less than $416
That would be a minimum target

In reality the move has the makings of a parabolic uptrend similar to 2013

 

[TrendTrader007]

007

@TrendTrader007
·
3s

$TSLA for short-sellers this Sunday evening is the moment of truth do they cover at $328 $350 or 400 or 450 or even higher It depends on how lucky they feel

 

[TrendTrader007]

007

@TrendTrader007
·
12s

For $TSLA short-sellers last two days have been nothing short of a black swan event and not it’s going to get any better for the next several weeks It may not be a Volkswagen Porsche short squeeze but even a fraction of that would cause serious margin calls short sellers accounts

 

[TrendTrader007]

007

@TrendTrader007

NASDAQ composite chart in 2019 looks very similar to NASDAQ chart in 1999 and similar to year 2000 next year is a presidential election year I’m betting a major rally starting this week that lasts another 5 to six months or so $tsla $acad $sage

 

[traxila]

Glad to see you rocking it TT.

All the best!

 

[anthonyj]

okay i did Market smith analysis of $tsla SP action since IPO 10 yrs ago and to make a long story short it is highly unlikely that $tsla SP will stop at anything less than $416
That would be a minimum target

In reality the move has the makings of a parabolic uptrend similar to 2013

 

[Unpilot]

Looking in the rear view mirror....it seems we are taking a breather.

But NEXT week look out!!!

 

[Artful Dodger]

Looking in the rear view mirror....it seems we are taking a breather.

But NEXT week look out!!!

Nice 5 day run. Up $25 and 8% since Tuesday:

More importantly today, it touched the YTD high, which was reached back on Jan 17, 2019.

Maybe a pullback without more immediate news, but there's also some forced covering at these SP levels. It'd be nice to know how many margin calls where placed near the Close today.

So another spike tomorrow morning, triggering a sell response? Difference between tomorrow and TSLA action on Oct 28, 2019 is that tomorrow we open ~$25 below the Upper BB, where on Oct 28 we opened ~$15 above the Upper-BB, begging technical traders to take profits.

I suspect tomorrow will be a more muted sell-off (if it comes), with all the good news in the pipeline currently: (not advice)

• GF3 production certification (1st Press rides occurring now)
  
• GF4 announcement imminent (Elon's in Berlin today)
• Cybertruck reveal and non-refundable $100 deposits (potential $50M cash)
• further Analyst upgrades overdue
  
• further margin calls/forced short covering
• high volumes overwhelming short manipulations
• Financial/Short Media unable to focus on a single FUD narrative

Wudimiss?

Cheers!

 

[mongo]

Due to Elon in Germany at the awards show and job postings for GF 4 in Remote, Germany now on the career site, I've picked up my first set of lottery tickets.
And some more shares.

 

[anthonyj]

$420,000 end of year

 

[SpaceCash]

$420,000 end of year

Minimum

 

[Unpilot]

Minimum

Why so low??

 

[SpaceCash]

$420 tomorrow, $6,969 by Friday

 

[mongo]

$420 tomorrow, $6,969 by Friday

Jeez, you know, that information might have been a little more useful to me yesterday. Friday!!!

 

[Unpilot]

$420 tomorrow, $6,969 by Friday

I wonder how $420 will be defended.
I hope we sit there for at least a day.

 

[anthonyj]

I wonder how $420 will be defended.
I hope we sit there for at least a day.

It’ll blow right past. Tons of momo traders have stop buy orders at $391 (ATH break), short panic covering, margin calls, etc.

Might even see a cheeky Elon buy order filled

 

[Unpilot]

Let's hope...I gotta admit I am feeling more and more like da corner has been turned.

 

[SpaceCash]

Let's hope...I gotta admit I am feeling more and more like da corner has been turned.

BIG same.
I thought the corner had been turned a year and a half ago just because I could see it all so clearly.
NOW though, everybody else can finally see what I saw back then.
So yeah I definitely believe the corner has been turned.

 

[Buckminster]