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TSLA: It's A Boy...I Mean Buy

|Includes: Tesla, Inc. (TSLA)

Following up on the previous post, TSLA showed its hand yesterday cleanly breaking above the trend regression channel and triggering a Wave 5 Buy Signal. The stock went on to gap up today (Tuesday), either based upon my Wave 5 analysis in the previous post, or the report that Tencent Holdings (TCHEY) had upped its stake in the company to 5%. In any case, minimum target is $310. The AllanTrends Blue Line Prime Trading Service (Short-term trading) bought the TSLA April $270 calls at $8.50 on Monday, currently trading at about $14, or up +65%.

Disclosure: I am/we are long TSLA.

Additional disclosure: The AllanTrends Blue Line Prime Trading Service bought the TSLA April $270 calls on Monday.