The TSLA 240 Minute Trade Model is just hours away from generating a formal Buy Signal. Insofar as TSLA is down today, there is a chance it will not come until next week, or not come at all. Note that on the first chart below, a small blue Buy Signal appears, that is an aggressive model, usually a few bars earlier than the formal model (see prior signals on chart for reference) with an occasional false alarm. Nonetheless, TSLA is closing in on a Buy and any further strength in the shares will generate a formal signal that requires action. Favored calls are in the Sep and Jan option tables below the charts. The TSLA Daily Model, which we act upon in the Premium Service, is probably a day or two behind this 240 Minute Model. When that triggers, we have no choice, we are all in on the Long side. Note: TSLA Buy Signals, for both the Daily or 240 Minute Models, are about 50-50, with the winners up several hundred percent, while the losers are all at -50% pursuant to the trailing stop. Those are great risk:reward odds. TSLA 240 Minute Trading Model TSLA Sep 20 $200C Target: TSLA > $250 by Sep Expiration $200C > $50 Stop: 50% Trailing or TSLA close below $150 TSLA Daily Trend Model TSLA Jan 2025 Calls TSLA expected to double off of the next round of Buy Signals, whether that is now, or in a week or in a month. That is its trading history going back to pre-Covid days. Accept and trade accordingly.
