The TSLA chart below zeros in on two price levels that should provide support: (1) $362 marks the 50 day moving average, just below Wednesday's close. (The black line is the 200 day moving average.) (2) $335 marks the 38.2% retracement of the rally from $72 (March lows) to the $500 high touched on September 1st. (All prices post-split.) If a rally ensures from either level we will get a Buy Signal based upon our trend counter-trend trading system. That would be the "all-in" for option traders, probably January 2021 out-of-the-money calls. If you are accumulating shares, buy now or wait for those price levels and/or any new Buy Signals along the way. The significance of the battery technology unveiled Tuesday at "Battery Day" has gone completely over the head of most analysts and weak hands. A year from now TSLA should be trading well over $1,000 as the company executes on "all cylinders." That's all I have time for this evening, but I assure you there is more to come.
