I am a fan of Elon Musk. I am a fan of Solar City, Tesla and SpaceX.
I don’t care that Tesla has a market cap larger than Ford and Ford sells more cars in a day than Tesla sells in a month.
Tesla Inc (TSLA) weekly
TSLA just made a new all time high, closing above its previous high made in 2014. It has been ripping higher from late last year.
This is a great entry point with limited risk. Momentum is strong and clearing and closing above its previous high is significant.
Your risk is most likely under 10%. Any significant weekly close under initial support would signal a sell.
You can see by the green and red arrows where I have recommended buying and selling TSLA a few years ago. That was very profitable.
I’m putting this on the buy list.
My plan is to make a bunch of money on the stock trade and then go buy the TSLA SUV. It’s like a slot car on steroids.
Zoom Zoom
Trade Smart,
Don