TSLA Thrusts Towards a Test of Its All-time High

TSLA-- Our Model Portfolio is long at 358.40 from 9/11/17. The attached daily chart shows why we entered longs: because my set up and pattern work argued strongly that the June - Sep. high level bullish digestion period was ending, and from it a powerful thrust should emerge that propels TSLA to revisit the June high at 387.25, and thereafter, into new high territory projected into the 420 area.

The upside breakout occurred on 9/11, and the close that day at the high (363.69) triggered the initial signal that TSLA's next upmove was in progress. Today's upmove has taken out the prior rally peak at 370.00 from 8/09. A close above 370.00 will provide additional technical evidence that TSLA is in route to 385-387 next.

9 14 17 TSLA day 1 PM GIF
9 14 17 TSLA day 1 PM GIF

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!