It's no surprise to anyone that TSLA is one of my few Intermediate to Long Term favorite stocks ,nor is it a surprise that I expect volatility ahead, directly ahead. Nonetheless, volatility or not, TSLA is approaching a key inflection point which could be triggered any day now. In order see this inflection point clearly, on the Daily chart immediately below I've removed all short-term trigger trend lines, leaving only two operative price channels, one longer term and one shorter term: TSLA Daily The longer term channel comes down from the Dec 2024 high @ $488.50. In addition, share price came up from the April 2025 lows and kissed that very trend line a few days ago, Aug 28th @ $353. It has since backed off, but TSLA is up over $10 today and seems to be making another run for it. The shorter-term channel comes over from the May 29, 2025 high at $365 and it too was touched by price recently, on Aug 27-28, same as the longer term price channel. Bottom line: A clean breakout above those two descending parallel trend channels is an all-in aggressive TSLA Buy Signal which should take share price to new all time highs, above $500, by the end of the year. On the two charts that follow, I've applied my EW analysis as well as Fibonacci price projections. However, make no mistake about it, the above chart is paramount in my projections for TSLA going forward. If this particular breakout doesn't trigger, there will be another similar, maybe even better, opportunity down the road. I'm monitoring TSLA constantly, it may take one or two false alarms before the big one, but it's coming, sooner, or later, it's coming. TSLA 240 TSLA Weekly This longer term EW analysis places obvious importance on the breakout first above discussed, above about $350-355 on the Daily chart. It opens the door of an Intermediate Term Wave (5) Buy Signal, targeting not just all time highs, but round number resistance @ $1,000. TSLA 180 A closer look and why the key break level is a range, $350-355. What's Working Mid-Week Premium Active Trades Update: Best performing trades this week. Note: SLV calls were rolled over per July 16th update.
