TSLA update from March 10th: "The two trend lines define where we will want to add TSLA calls/LEAPS. Breaking above the downtrending line from the Jan 4, 2022 high will confirm that TSLA has stopped going down. Breaking above the uptrend line from the Mar 2020 Covid low will confirm a new uptrend." TSLA Converging Trend Lines - Updated March 17th Since the March 10th update TSLA broke above the short-term descending trend line, suggesting the short-term down trend has ended. The long term upward sloping trend line is at $900, making it a new key level. If TSLA can close above that trendline, and stay above it, the old high of $1243, becomes the new intermediate term target. Note: Double bottom around $770, right at the 38.2% Fibonacci retracement level. If stock starts to run above $900 expect new and aggressive call recommendations.
