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TSLA - rallied 16% off my bullish call

On May 23rd, 2019 I posted a bullish call on $TSLA: “You buy when bulls give up!”.

This is what I wrote back then:

“When Morgan Stanley analyst who used to be bullish all the way down and maintained target at $379 finally throw in the towel and promises apocalyptic scenario when $TSLA tanks to $10 you know, it is time to buy. Price reverses its bearish trend when the last standing bulls give up and everyone who could sell has already sold.”

When I posted that call TSLA traded at $197. By June 3rd it dropped to $177. And even though I did not nail the very bottom,the shares are up nicely since then. 

TSLA - Daily chart updated on 23 May 2019

This morning TSLA opened at $229.20 which is 16% higher that its price at the moment of my previous bullish  update. I reaffirm my bullish expectation for TSLA stock. It looks having completed a large corrective W-X-Y structure and is ready for a rally targeting new higher highs.

TSLA - Daily chart updated on 18 June 2019

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