The TSLA Hourly Trend Model has been on a roll these past few months, and it is on the verge of triggering a new Short-Term Buy Signal. If looking for a spot to add or initiate a new position in shares and/or calls, a fresh Buy would be it. It looks like it will take several more hours of positive price action for the model to generate an up arrow. With TSLA at $1,135, a run to a new high now, above $1,240, would bring into focus $1,500+ for a pre-earnings rally (4th Qtr 2021 earnings due out late January). Feb 2022 $1,400C = $56-57 Feb 2022 $1,500C = $39-40 TSLA Hourly Trading Model The downside of this price pattern is that the correction off the all time high is not yet over. Worst case is another test of the $1,000 (more or less $50). A new high or an up arrow would ameliorate the bearish scenario.
