Before we find out about Tesla Share Price and where it will go, let us go through some facts about Tesla.

Tesla that is the American automotive and energy company is known for its electric cars. It is believed that Elon Musk is the founder of Tesla. However, Martin Eberhard and Marc Tarpenning are the real founders of the automotive brand. Elon Musk joined them later as Chairman. Tesla is already worth more than the famous automobile company Fiat and three other Japanese brands known in the automotive industry. These companies are Mitsubishi, Suzuki, and Isuzu, and Tesla is worth more than all these famous car companies.

Tesla's stock has become the most-shorted in the US again, data from financial-analytics firm S3 Partners show. So what does it means for the share price now?

Technically, Tesla’s share price is still on an uptrend. There is an old saying: The Trend is Your Friend. So if you are bought the stock you should still be holding it and place a trailing stop price. So where should the trailing stop price? I will use a tool called TradersGPS, it is a software that I invented.

Looking at the chart, we can see that the red dotted horizontal line. Currently, it is at 493.75, this is trailing based on 31 Jan. This trailing stop will continue to move up if the uptrend continues. Incidentally, using the same system, it also helps me to determine when to buy the stock. I simply use the green arrows for entries. Just simply using this system, I entered the stock at 236 on 11 Sep 2019 and I continue to add in position along the way.

From the first entry price, I made 147.36% based on the system. You can find out more the system live if you are in Singapore. I will do live backtesting where you can choose any stock “live” and I will show you what the system would do. More importantly, if you would trade that stock over the past 1-2 years, is there any profits? You can sign up for the event here. >> The Systematic Trader Course

So back to Tesla share price, hold on to Tesla if you already bought and wait for a dip around $540 to get if you have not bought any.

The post Tesla Share Price:Buy, Sell or Hold? appeared first on The Systematic Trader | Trading Courses.