Tesla Looks Like A Rocket Launch, Pun Intended (Technical Analysis)

Summary:

  • Despite my dividend focus, Tesla’s technical breakout from a long period of narrowing volatility has captured my attention for potential short-to-intermediate term gains.
  • Tesla’s high volatility, about 4x that of the S&P 500, presents a unique opportunity for outsized returns, but with significant risk. That risk can be controlled. I explain how.
  • My approach involves a small initial position, closely monitored, with the potential for leveraging ETFs if the breakout proves successful.
  • While TSLA doesn’t fit my typical dividend strategy, its potential for significant price movement warrants a speculative position in my trading account.

A wooden electric car

Richard Drury

Tesla, Inc. (NASDAQ:TSLA) is a company that…OK, if you are a Seeking Alpha reader or simply a human in the developed world, you know what Tesla is and what it does. You also know who founded the company, and you


Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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