After the close of regular session trading on Wednesday, April 29th, Tesla will be announcing 1st quarter 2020 earnings. Anticipation going into this earnings call will begin to affect the stock at any time, if not already. On the short-term price pattern an hourly close above $714 will trigger a short-term Buy Signal. Coming so close to earnings it would a signal accompanied with substantial risk...and reward. After the January 29th earnings call the stock went from $580 to $969 in 4 trading sessions. As many of you remember, we were on board that run via a Jan 27th Short-Term Buy Signal as the Feb $650C went from 11.70 to 251 for a gain of over 2000%. This followed a series of TSLA Buy Signals throughout January: Tesla Short-Term Buy (System) Confirmed Jan 27 Tesla Stochastic Buy Signal Jan 25 Tesla Intermediate Term Buy Jan 20 Tesla Short-Term Buy Jan 16 Tesla Short-Term Buy Jan 13 The run up from mid-January to the Feb 4th high at $969, essentially a doubling of the stock price, surrounded the Jan 29th earnings call from two weeks prior to one week after. What is missing so far is the trigger of either a Short-Term System Buy or a Short-Term Stochastic Buy, both of which are still possible before earnings. For now, we have a System Buy Pending: Buy Signal Pending: TSLA on an hourly (bottom of) close above $714 Option if Triggered: Jun 19th $1000C (around 25-26) or Jun $1200C (around 13-14). TSLA Stochastic Buy Signal Jan 25, 2020
