This is our TSLA Shorter-Term Trend Model. In the PRO Service we are long the March 2024 $280C from November 14th; "Two Best Bets". Let's take a brief review of the chart and the call position. TSLA 240 Minute Wave 5 up is projected into the mid-$300's as a longer-term Wave 3 (circle) unfolds to $500 and points north. Straight up, or another dip first? Depends on Cybertruck. TSLA 120 Minute Early stages of this Wave 5 is not yet impulsive, leaving door open for another dip. Hard break above $250 changes that. March 2024 $280C Noted is the fact that a -50% trailing stop is close to being hit since the Nov 29th "best gain" of +52.61%. Truth is, on the cusp of Cybertruck's rollout, that call is looking damn good right now at current price of 11.40. Expectation is for TSLA to be in the mid-$300's by March 2024 expiration. If TSLA can rise much above $250, the run is on. Hold tight.
