It's been a month since I sent out a new AllAllan, so it's about time to catch up on our more recent recommendations, starting with #1: Sign-up for one of the paid subscriptions, Blue Line Premium or Blue Line PRO! I've been sending the PRO issue out almost daily now and the less expensive Premium issue goes out at least three times a week. Note that we continue to offer 50% off first month with either service, which is not generosity on my part, its because I don't know how to turn off that first month discount. I'm a technical analyst, stock picker and option trader, not a code writer or webmaster and the person that set this all up so many years ago has moved on to greener pastures. Now, on with the show:
Stocks
Looking back on my posts here over the past three months it appears that Crypto has taken center stage in these free updates. That doesn't truly reflect this trading service, and the other paid offerings which are heavily into stocks other than those Crypto related. Among our biggest this spring and summer have been PLTR, ORCL, AMD, NEM and RKLB. However, what prompted this particular missive is a recent Blue Line Premium Service write-up on TSLA, which is absolutely worth the price of admission. In the spirit of, a picture is worth 1,000 words, let this TSLA chart portray the stock's recent past, present and future:
TSLA
Chart Notes: Last August-Sep (lower left on chart) began a run higher, from $220 in early September to $488.50 in mid-December. Let's call this the TSLA Christmas Cycle and it looks to have already began with the latest breakout circa Aug 11th. In EW parlance, TSLA is in a third wave up at multiple degrees of trend and as with the early Sep, 2024 Buy Signal, share price seems destined to at least double from current levels.
Excerpt from Premium Service Aug 11th Update: TSLA: Eyes On The Prize.
"As impressive as this six-month breakout appeared at the time, we knew from past trading experience with TSLA (and TSLL, the Direxion 2X Bullish TSLA ETF) that the real trigger for gains will be the advent of a Wave 3 rally at multiple degrees of trend. That finally happened Monday and since we haven't bought any TSLA/TSLL calls since May, it's time to dive back in, going out to Dec 2025 expiration."
Crypto
As for our crypto bets, lately we have been participating with calls on IBIT and ETHA, our main option bets on Crypto. Here are the underlying charts of Bitcoin and Ethereum, both of which are strongly suggesting the best is yet to come in you guessed it, third waves up at multiple degrees of trend.
BTC
Ethereum
If these Bitcoin and Ethereum charts look similar to the TSLA chart, your eyes do not deceive. All three charts are labeled with Elliott Wave pattern recognition signposts with similar Fibonacci extension projections for further price appreciation into the months ahead. Now imagine adding aggressive option selection to these patterns and projections. That is what Premium and PRO subscribers get, almost daily.
If you're trading stocks, crypto and/or options, consider the advantages of having my analysis and trade ideas in your corner: It's what I do.
Best regards to all,
Allan