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The Simplest Chart You'll See From Me - 225 coming

TSLA is beginning a massive squeeze today at over 3% float and way over-extended to the downside.

It will fill the gap up by 2/9

Target 225 by 2/23 latest.

Entered Feb 9 205 calls for 1.35 and Feb 23 225 calls for 0.70

הערה

I'm playing this with the expectation this fills gap and hits target at the latest possible times (i.e. Feb 9 and Feb 23 resp.).

However, the earliest these could hit are:
-gap fill to 206.77 by 2/2/2024
- 225 target by 2/9/2024

On this momentum it could extend higher that 225 to the 230-240 range.

Elon wants a retrace, squeeze the FUD.

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"you rang?"

~Elon today on X

TSLA calls.

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The reason I posted this so minimally yesterday was because I did an analysis and the chart was too messy, so just deleted drawings and posted the same forecast.

I wanted to get the idea out and recommendation to enter long while this was still in the 180s. Pre-market 1/30 its already at 194, so looking good. Calls up since entry.

There are a few key levels not shown on the chart, other than the obvious gap and target zones:

* 217 is the level where selling pressure = expected buying pressure, might see some consolidation here before continuing to 225 target

** 231 is an equilibrium level where supply = demand. Price will be drawn toward this level, which will be primary force taking this to target (225 is under this level so I can assure it hits on way toward 231 - 225 also confluence target from multiple analyses). Mid-term consider 225-231 a pivot, near term consider it a target.

*** 251.25 = major breakout level. This likely wont break 251 before 2/23, but for those in shares or longer out expiry calls, this is the level that will send this to higher highs in the 300s.

After we make it to 225-231, I'm expecting a decent pullback to make higher low before continuing higher to attempt break above 251 by 4/12/2024 (right before next earnings).

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Both sets of calls up just over 50%.

Look to take profits on the Feb 9 205s when underlying hits 198-200 (might consolidate around 199.35 and burn some on the Feb 9s).. hold the Feb 23s for the haul

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When I give targets 206 by 2/9, 225 by 2/23 I really mean it will hit those. So unless I give an update otherwise, buy every dip.

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Last chance to add for a discount.

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I'm still very bullish on TSLA, it is my second biggest position and I'm planning to add more today 2/5. But I have an update on the time to targets, which will be slightly delayed.

- original pts were 206 by 2/9 and 225 by 2/23. These can still hit in time but probability is lower now due to the duration of this accumulation phase lasting longer. That is actually a good thing because it means big money is serious about marking this up.

- new targets are as follows:

pt1 = 198 by 2/9
pt2 = 206 by 2/16
pt3 = 211-217 by 2/23
pt4 = 225-231 by 3/1/2024

So the levels are still the same but dates have been pushed back. I like the Feb 23 expiration the best because of the premiums. Each of the targets above are contingent on the preceding target hitting.

Not Financial Advice.

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Looking for this to make a higher low and botom either 2/5 or 2/6. Expected pullback is 183-185. The signal to enter/add long is a break back above 186 (and then confirmation with a break back above 189. These are the criteria for this to take off toward targets.

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A close above 186 will confirm this is ready to take off. Expecting that today 2/7 based on its smaller degree structure - heavy accumulation with an ending diagonal into an inverse head and sholuders (15 minute interval).

Good chance this will be trading in the 190s around 3:30pm today 2/7.

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Add big here if we get a pullback to 181.50 - 183.50 and then bounce back above 186 around 11:00pm-1:pm today (2/7). This will confirm a leading diagonal off the 2/5 low and be the nail in the coffin for bears (finally). After that confirmation will be break above 193.

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Looking for a break above 195 and then moon. Elon's about to take this on a SpaceX rocket. Brr.

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Inverse head and shoulders forming on the 1D initerval to complete the accumulation, be patient and add with stop loss sustained break below 174

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Liftoff (12:30 pm est 2/14). 190s by end of day and this time not coming back down. The accumulation phase is complete.

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massive short positions will cover above 189.56

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see what I'm saying... hit 189.56 after close and already at 194 after hours (4:06pm).. this will be fun these next few days

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Here's what I'm looking for tomorrow:

- gap above 193.76, that will greatly increase liklihood of filling gap at 206 in the coming days
- if for some reason we don't get the gap up, it needs to stay above 184.55 (a break below would open the door to more downside)

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That break above 193 was crucial - nothing will stop this now for the next few days. Elon wants 206 minimum, and then the squeeze really kicks in/././...

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real MOASS coming

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I took some profits here - not full position, just 1/3rd of my calls. Long weekend.

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Will add calls if we get a retest of 193-196 for support next week

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Party could be over for now, earlier than expected. I got a chance to look at market more in detail this weekend, and its just not the right time yet for TSLA to make the major breakout that I orginally expected. Not saying it can't but too much risk to stay in and give up gains - so far calls have been profitable.

Setting a tight stop loss at 197. If it breaks below it will drop to test 193 for support. If 193 doesn't hold it will likely drop lower to complete a harmonic around 181.

עסקה סגורה: הגיע לסטופ

I'm out for now while there are still some profits on the table. Its got some more correcting to do to the 180s before its ready to run.

JerryManders

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JerryManders