So long as TSLA remains above $250 all benefits of doubt belong to the bulls. Below the Daily Point & Figure chart followed by the 240 minute trend model spell out the forecasted price targets going into the first quarter of 2024. The P&F chart is showing stiff double trend line resistance around $275-280, but smooth sailing once above. TSLA Point & Figure TSLA 240 Minute Trend Model Trade Management March 15th 2024 $280C The March $280C is closing back in on its old high of $16.15. Based on the Fib forecast modeling the next 100 days can see the shares $100 higher than current prices, making these calls are worth $7-8K each, up 7X from their $10.55 purchase price. On the downside, keep a 50% trailing stop which at this point presents a worst case scenario of a break-even to -10% trade. Not bad in terms of risk:reward. A breakout now to above $300 will necessitate a new round of further out in time and money calls for PRO members' positioning, IN ADDITION to this March $280C.
