The week before Labor Day is typically slow and uneventful, a good time to take a few days off. My last vacation was a Fibonacci 13 months ago, July 4th week of 2019. Yet come Monday our main squeeze, TSLA, will be starting the week trading in the area of $450 and a case can be made for a volatile post-split move in either direction. Eventually TSLA will rise back into the 4-digits, maybe even by the end of this year, but it won't be a straight line...or maybe it will be, this is a runner like I have not encountered in all my years of trading. What I am getting at is next week will not be a time that I want to be away from my charts, a win-win for all of us. A dip of decent size will set up a fresh Buy, while a gap-up will serve existing positions well, another win-win. TSLA Charts The four months left in 2020 should generate numerous new Buy Signals, and although not all will be triple digit winners, or triple digit losers, the charts do illustrate that TSLA is in a huge uptrend and Buy Signals along the way will more likely be big winners than big losers. When it comes to TSLA, take all trades. This chart combines two pattern recognition triggers onto one chart, showing 7 independent Buy Signals over the past 12 months. Current (Open Expiration) TSLA Intermediate Term Trading Positions
