TSLA Long Term (2-Day Price Bars) The good news is that based upon prior long term buy signals this one is just getting started implying a lot more to go on the upside. Also good news should be coming out of the 3rd qtr earnings announcement on Wednesday. There are already some earnings forecasts coming out for the 4th quarter that will blow the socks off of even the 3rd qtr report. It is that 4th qtr 2021 report, due out late January, that could be the real catalyst for the March 2022 call identified in Thursday's update: The March 18th (2022) $1,200 calls are trading today at $9.50 ($950). At $1,400 those calls are worth $200 ($20,000). The call is trading at $14 today, up 40% from Friday's close and up 50% from Thursday's update. As for bad news, the chart above is sporting a potential double top, key word "potential." Also on the bad side of the ledger is a buy-the-rumor and sell the news cloud over Wednesday's earnings announcement. TSLA could stumble because of either one, or can choose to ignore both and charge straight through to $1,000. Whatever the stock does this week, the real prize is the future, 1-2-3 years down the road. The company is capable of doubling its market cap twice in the next 3 years. You do the math.
