TSLA continues to tread water around the $600 level with it 200 day EMA at $582. If share price drops to its EMA and holds there is a good chance we will start buying LEAPS in anticipation of a new Intermediate to Long Term to an all time new high above $900. It's coming as the fundamentals are becoming more and more compelling with every new piece of the puzzle. The latest being the electric vehicle tax credit extension working its way through Congress. You won't have to buy an electric vehicle to benefit, but you will have to buy TSLA shares or calls. There is also a rumor that pre-orders for the new Cybertruck has reached 1 million. Those will start rolling out of Austin in number early next year, making the case for extended call expirations into early-to-mid 2023. TSLA $1,000 by the end of this year, $2,000 by the end of 2022. TSLA Strategy- Update (1) Waiting for a confirmed Buy Signal: Close above $635-650 congestion zone (wiggle room intentional), or, (2) Waiting for another successful test of the 200 Day EMA, i.e., a drop to $582 and then rebound to above $600; (3) Purchase of shares or longer term calls/LEAPS: (new) (a) Aggressive: Jan 2022 $700-$800 strikes (b) Preferred: Jan-Mar-Jun 2023 $1,000 to $1,200 strikes We are looking for a 2-3X increase in the shares and a minimum 10X increase in the calls/LEAPS, valuing time over strike price.
