In the ranging market from December 2013 to December 2016, there were what I see as 3 main moves between $177-$290.
In the current range from March 2017 to now March 2019, you can also see 3 main moves, just a little messier.
The UTA (Ultimate Trend Analyser) and Spectro-O confirm that there is plenty of room for a big move up over the coming months. Spectro-O looks like an almost perfect fractal from February 2016 to February 2017 where I have highlighted. The UTA confirms volume has changed and we're near the optimal entry.
The 50 month MA has been tracking as a well used dynamic support with TSLA and we have come down and kissed it just over the last week, found support and started moving on.
Optimal entry will be under $280 and will need to implement a well thought out stop loss strategy if you're wanting to capture the full move.
Fundamental fuel:
New Giga-factory- zacks.com/stock/news/358225/tesla-tsla-inks-deal-with-china-lenders-for-gigafactory?cid=CS-PREDICTWALLST-HL-358225
Model Y reveal in 4 days- cleantechnica.com/2019/03/09/tesla-drops-1st-real-image-of-the-model-y-as-event-invites-go-out/
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