!!!READ!!! We, Robot: Could Elon Musk’s Post Spark a New Era for TSLA?
In a cryptic post, Elon Musk teased, "We, Robot. 10.10. This one will be for the history books." Don't miss this opportunity to profit!
In a cryptic post, Elon Musk teased, "We, Robot. 10.10. This one will be for the history books." What could this mean for Tesla (TSLA), and more importantly, is this the catalyst that sends the stock to new all-time highs?
For Thursday 9/26 - Once I see premarket volume this could be my #1 watch item for tomorrow. I will share my thoughts in my morning blog and chat room as they develop.
The Price Action: A Strong Support Base and Dip Buying
TSLA has shown notable resilience in recent months, establishing a solid support base around $200. Throughout August, every dip was aggressively bought, signaling that investors are bullish despite broader market uncertainty. The stock’s behavior in early September further confirmed this upward momentum, with $210 holding firmly before a rapid rally to $257 in the following days.
This price action suggests that buyers are eager to accumulate shares on any sign of weakness, which is a strong indicator of growing investor confidence. After two years of consolidation, could TSLA be poised for its next major breakout?
The Two-Year Consolidation: Building Pressure for New Highs?
It’s important to consider the bigger picture. Tesla has been consolidating for almost two years after its explosive growth in the 2020-2021 period. This long consolidation phase often indicates a stock is building energy for its next big move. The market has digested its prior gains, and now, with a solid base formed, the question arises: are we on the verge of TSLA hitting new all-time highs?
Could Robot Technology Be the Catalyst?
The elephant—or robot—in the room is Musk’s tantalizing tweet. The mention of "We, Robot" hints at a significant development in Tesla’s AI or robotics divisions. We’ve already seen Tesla dive into autonomous driving and the Tesla Bot project, which aims to create humanoid robots capable of performing tasks to improve productivity and efficiency.
If Tesla unveils a groundbreaking advancement in robot technology on October 10th, this could be a major catalyst for the stock. While some may dismiss Musk’s tweets as part of his marketing genius, history shows us that when Musk teases something big, it’s often worth paying attention.
The Technical Setup: Ready for a Breakout?
From a technical analysis standpoint, TSLA’s current trend is encouraging. With strong dip-buying behavior, key support levels holding, and a rally into the $257 range, we could see a test of higher resistance levels soon. The longer a stock consolidates, the stronger the breakout when it finally occurs, and TSLA might be nearing that point.
Could the robot announcement be the spark that sends TSLA to new highs? With strong price action and Musk’s hint of game-changing technology, the conditions seem ripe for a major move.
Will TSLA Reach New All-Time Highs?
The real question is whether TSLA’s price action, combined with potential new technology, could propel it to new all-time highs. If the market perceives the robot announcement as a revolutionary step forward, we could see a surge of enthusiasm that pushes the stock beyond its previous highs.
In conclusion, all signs point to TSLA being on the verge of something big. With strong support, consistent dip-buying, and the promise of revolutionary technology in the air, this could be the moment TSLA breaks out of its two-year consolidation and sets its sights on new highs.
October 10th could indeed be a historic day for Tesla—and for your portfolio.
Great, but how do I make money on this idea?
There are a number of different phases and timelines to this idea. Each phase presents multiple opportunities and I will share my thoughts in my blog and chat room as they develop.
Here is a quick outline of them:
Run up to the Event (Now to 10/10)
Initial Reaction after the Event (10/10-10/15)
Market digestion of the news and follow up cycles (10/15-?)
To Profit on this, I suggest:
Learn my trading process to take advantage of short term momentum
Create multiple trade plans including levels for entry, target, timeline for trade, and profit taking rules
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TSLA gapping into 262 with market rally. Can’t see it’s a result of Musk’s tweet just yet. Keep an eye on volume on any dips.