Tesla Inc. (TSLA) - 12th October 2023 | @ 151 Days
Last trade: + 7.40% | 'B' class signal detected in Tesla Inc. (TSLA). Running at an average wavelength of 151 days over 9 iterations since May 2020. Currently moving up.
Tesla Inc. (TSLA) is an innovative electric vehicle (EV) and clean energy company, pioneering sustainable transportation and energy solutions. As a significant player in the EV market, Tesla designs, manufactures, and sells electric cars, solar energy products, and energy storage systems. Its revolutionary products, led by visionary entrepreneur Elon Musk, have reshaped the automotive industry and driven advancements in renewable energy technology.
ΣL Cycle Summary
This component (notionally the 20 week ‘nominal’ wave in Hurst nomenclature) is moving up after a generally sideways move from the most recent peak in July this year. Although the next peak is notionally due in mid December, seen via the isolated phasing of this wave, there is another larger component, around 300 days, currently pushing down into early 2024. Although not as coherent as the shorter component, there is significant power to be aware of. This will no doubt feed into the shape of the shorter wavelength component described here.
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Sell - Tesla Inc. 20th July 2023
Entry: 20th July 2023 @ 279.56
Exit: 12th October 2023 @ 258.87
Current Signal Status
Keep reading with a 7-day free trial
Subscribe to Sigma-L to keep reading this post and get 7 days of free access to the full post archives.