Tesla stock is causing a lot of newspapers these days, but we, with or without news, rely on cyclical bases and not on words. On May 26th the six-monthly cycle will be at its center, and for us it means cyclically Long, but we must not only see the time, but also the price. The price is about to reach the support already seen in March ’21 and this makes us think that the rebound hypothesis is even more plausible. We just have to wait for a confirmation of the price at 540 to be able to enter Long up to a possible 660.
[…] and the second at 143.60. With $tesla we did not enter because of a tik 😶 ( here is the post https://cyclicaltrading.wordpress.com/2021/05/20/tesla/ ) but $apple…we will not let it escape […]