2024-07-05 10:58:29 ET
Summary
- Tesla, Inc. stock's huge move this week signals intent to finally take out my target of $334 and move possibly towards the $400 region.
- Strong Tesla Q2 delivery numbers and positive sentiment in the EV market have sent this stock considerably higher this week, with more data to come in the last week of July as excitement starts to build for the robotaxi event in August.
- I am issuing an additional buy signal with a new target of $400 for Tesla.
"To be or not to be" is the famous line, and is very applicable to my $217-$334 call for Tesla in 2023. Firstly, it was "to be" as Tesla, Inc. (TSLA) charged from the breakout area towards $300, and then it was "not to be" as the share price of the electric vehicle ("EV") giant slowly retraced backwards to $140 but staying within the confines of the initial three wave patterns of $101-$217. Anyway, more on that later....
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For further details see:
Tesla Stock Roars With An Almighty Charge (Technical Analysis)