Tesla Steals The Show

Today at a Glance:

• Video deep dive into Tesla’s price action in 2023

• Potential areas to position

• What to watch for going forwards

Let’s dive in:

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Today’s action left no doubt if we rally into 2024, Tesla will be leading.

The stock finished today +10% on volume that was the highest in two months (and the highest up volume since early June). Price gapped above the 50DMA, and nothing says strength more than unfilled gaps on volume closing near or at the HOD.

So, what’s the best way to get positioned in a name like this BEFORE you get a lucky gap up like today? Let’s check the chart below:

I’ve gone ahead and labelled Tesla’s price cycle in the lens of Oliver Kell, and published a deep dive into each step into this cycle here.

This analysis played a critical part in my ability to stay agile and try to get positioned over the past couple of days. These are the exact things I was looking at in real time:

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The rest of today’s Tesla analysis is for premium Upside Unlimited subscribers. By the end of this publication, paid members will have access to:

• An 8-minute video analysis of Tesla’s price action in 2023

• Thoughts on my current positioning and what to expect going forwards

• Weekly access to video deep dives, exactly like today’s edition

If this is something you’d find valuable, please consider upgrading today 👍