TSLA with a very bullish setup. Clean 5 waves up and 3 waves down. Broke through the resistance curve and successfully retested. Fib extensions point to $520-700. Shorts will cry.
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The recent rally ran out of steam at the previous local peak of $217. I would expect some consolidation over the next week or two towards the $180-$190 region followed by a breakout of the previous local peak. Patience-- stocks do not go up in a straight line.... usually ;)
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Looks like there was no consolidation needed yet. TSLA broke through the previous local peak of $217 with ease. If you are still short, these next couple of months will be very painful.
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Indicating $228/share in pre-market. Very nice move. Shorts continue to get steam rolled every day. Don't be surprised if TSLA rally takes a pause in the next few days to digest some of the recent gains, but the major uptrend remains firmly in tact.
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Bears are in shambles. Fun just getting started for Bulls
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Earnings tomorrow. +10% ?