Tesla announced a 5-1 stock split yesterday, effective August 21st. Each shareholder will receive 4 additional shares for each one they own. The market reaction has TSLA up over $100. Also, and as a direct result, TSLA is generating a Stochastic Buy Signals in all three of our trading time frames, Hourly, 3-Hour, and Daily price bars (see charts below). In addition, the stock will will generate a System Buy Signal above $1,440 at mid-session (12:30 pm EDT). A close above the $1540 is yet another Intermediate Term Buy Signal. Intermediate Term Buy Signal: TSLA > $1440 at 12:30 PM EDT Intermediate Term Stochastic Buy Signal: Confirmed Option: Oct 16th $2,000C ($64-$68) or any call on table, Oct 2020-Jan 2021 as per personal preference.
