Let’s make a mental note to buy the stock whenever it sells off hard for a couple of months, as it does every once in a while, since the powerful rebounds that have invariably followed are becoming as likely as tomorrow’s sunrise. The next such opportunity should come after TSLA hits the 304.24 target shown, but traders should position from the long side in the meantime while the 17% rally unfolds. I expect the pullback from 304.24 to be precise, based on the way buyers interacted with the 240.40 midpoint Hidden Pivot. A pullback to that number should be regarded as a gift to buyers who are not onboard already.
