Monday Update: TSLA


Now with earnings out of the way TSLA is showing its true intermediate term trend, which as you can see in the chart is very red and down. There is lower line channel support at around $200. 

The system went short on April 8 with the $270 puts and it took a week for those puts to rise 35%, and two weeks later were up 141%. But we can't take credit for higher returns if the system says exit at +35%. There are plenty of trades in the past that after rising 35% went back to break-even, or worse. Nonetheless, here is a chart of TSLA with what seems like a visit to $200 in its future.