TSLA triggered Long on its 240 Minute Trading Model late Thursday. This is the short-term model we trade in the PRO Service. Interesting, the Daily Trend Model remains mired in the Sell Signal from early January. Conservative traders should wait for the Daily Model to confirm. Aggressive traders, you have your signal; a close above $200 has me adding Sep calls. See table below. TSLA 240 Minute Trading Model Caution: No follow through higher (so far) in Friday's trading. A close back below $190 would not bode well for this signal, otherwise we can assume a new leg up has begun. Wave (3) target: $340; Wave (5) $450 TSLA Daily Trend Model I'd prefer this Daily model be on board before a major commitment to the Long Side, but as of Friday's Thursday's close, no new Buy on the Intermediate Term Model. Bottom Line: TSLA needs a fresh Buy here, or, a close above $200, to turn me bullish on calls.
