TSLA is trading above $425 intra-day and a close there will generate a fresh Intermediate Term Buy Signal. With 4 Open Buys in the PRO Service and 2 Open Buys in the Premium Service and seventh Buy Signal is not meant to be acted upon per se, but it will be there if you need it, i.e., are out because of a stop on a previous position. It could also be used as a trigger to rollover October calls into a further out expiration, November-January as examples. As I wrote to a subscriber yesterday, for whatever reason I am finding calls that cost between $35 and $40 and out at least 3-4 months are providing a "sweet spot" for these signals. The table below identifies several that fit this criteria. One more thing: Tesla (TSLA) secures massive order of Tesla Semi electric trucks from Walmart That's in addition to 700,000 pre-orders for the Cybertruck, new gigafactories going up in Germany and Texas, the budding energy storage business and Elon Musk's projection at the shareholder meeting last week that Giga Shanghai could produce 1 million EV's a year. I could go on... Finally, remember that this is a volatile stock and a 20% short-term move in either direction is beginning to look routine. Spikes down have always been followed by recovery of the entire spike down. Expect same for the ride up to new all time highs, and then newer all time highs above those.
