Hello Reddit Traders...

I specialize in long-term options trading and swinging equities - these specialties always brings me back to our good friend Elon at Tesla.

Before we load our next big long-term option on $TSLA, we're waiting for a confirmed break over our identified level of $204.

That said, we added 50 shares at $160 and $180.

$160 -> $198.71 24% | $38.71
$180 -> $198.71 10% | $18.71

A famous Redditor by the name of JeffAmazon once said, "knowledge sharing benefits all retail investors in the stock market."

So with that, I leave you all with our YTD notes of both the fundamentals and TA for the inevitable set up for our beloved Elon Stonk, $TSLA.

Always open to feedback :) and stay tuned as we approach that $204 level!

6/24/24 Idealism of the Future We are gaining strength. They are poised to reveal their robotaxi on August 8th. What else might they reveal? FSD has never been so close to becoming commercially scalable. We are seeing money rotate slightly out of the Mag 7 names into big growth names. Firesales on major names like this are hard to find. Our price targets remain the same. Over $180, we look to target $200. Over $204, $266 to $300 .

3/19 We added at $162 ( 7%). I’m looking at $160.59 to become a stable range bottom, but will buy down to our long-term trendline support. I am loading up on equities. Time for options has yet to arrive until the trend has reversed. We need to clear $182.78 first, then $203 (historically around 25 days). Once cleared, our big options trade will target $267. We do need to break descending trendline resistance on the weekly, so this will likely take several months. End of our wedge sits around November 2024.

2/27 Our next trade is after the breakout of $202-$204 and target $260 and beyond. Resistances from previous streams: $231, $246, $278. On the weekly, we are retesting this critical area. To the downside, we have support at $180 and then trendline support pre-covid.

1/29 We keep getting rejected at long-term descending trendline resistance. We need to break that to trade upside long-term. We broke mapped-out support at $204 down to $180. We are in no man’s land. We will wait for TSLA to break, retest, and confirm above $204 to target $266. Weaker resistance levels for taking profit: $231, $246, $278