TSLA is flirting with $400 (pre-split $2,000), up about 6% from Friday's close. The suggestion that the upcoming Shareholder Meeting and Battery Day will propel price into Sep 22nd may already be unfolding. In addition, the Intermediate Term and Stochastic Buy Signals from August 12th are still active and a Repeat Intermediate Term Buy will be triggered on a close above $380. In other words, there is currently a confluence of technical and fundamental reasons to be Long TSLA shares and/or calls. A close above $380 adds icing to the cake. Price Targets - based upon the rally up from the last March low of $70 ($350 pre-split) and subsequent correction from $330 to $275 into August 12th. $425 - Fibonacci 61.8% (already achieved) $500 - All time high August 31st $518 - Fibonacci 100% $668 - Fibonacci 161.8%
