$1100 is in the cards here, $TSLA is resuming its weekly uptrend here. Analysts have been updating their coverage of the stock and we have many interesting catalysts lining up together with the earnings report coming up.
Upcoming catalysts:
I think by now we had a good wash out and correction in $TSLA and other growth names, and as is, $TSLA is probably the cheapest of the mega cap stocks.
Highly interesting reward to risk here, over 24 to 1 if my target is hit considering the stop loss area sub $677.
Best of luck,
Ivan Labrie.
Upcoming catalysts:
- Earnings
- Full Self Driving Beta v9 updates by May
- Biden's EV credit passing this year
- Berlin Gigafactory opening
- Austin opening
- Full Self Driving roll out by year end perhaps
I think by now we had a good wash out and correction in $TSLA and other growth names, and as is, $TSLA is probably the cheapest of the mega cap stocks.
Highly interesting reward to risk here, over 24 to 1 if my target is hit considering the stop loss area sub $677.
Best of luck,
Ivan Labrie.
Trade ativo:
This was a good spot to add or get in if you missed the trade.
This could finally move here, if we hit $666 next week, we likely trigger a large move towards 1154+ over time.