We last updated TSLA in this PRO Service on June 26th, suggesting both the Sep and Dec expiration as a way to participate in what was beginning to look like a new leg up. TSLA has followed-through and had an especially good day Monday, up 6% on the day to close right around $210. An hour after the Open today, Tuesday, its flirting with $230! From the pattern of pattern recognition point of view, the ascent that was kicked off by the late April Buy Signal is now consistent with a third wave on its way to much higher prices. TSLA 240 Minute Trend Model An Hour After Open July 2nd Sep & Dec Calls (Pro Service) Jan 2025 Calls (Premium Service) ------ Option Trade Management In both services we have been utilizing a trailing stop of 50% from best entry, or, a hard stop at $175.00. Let's raise that latter stop from $175 to $190, close only. On any close above $220 raise that stop to $200. ------ New Capital Only ------ If flat and looking to enter initial position; hard stop on a break below $200.
