You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology
Tesla Inc – updating the progress of the 20 week cycle. Still Long.
The first chart below is the original call on 29 August: a new 20 week cycle starts up and looking for 40 day cycle peak at down-sloping 18 month VTL circa 280.
Updated call 12 September, commentary below chart:
The new 20 week cycle has progressed well and is targeting 300 to 320 via the 80 day FLD cross last week. This potentially exceeds the top in July which could be the 18 month cycle peak. In the previous note we saw this as a natural barrier, but remain open to the 18 month cycle peak being later and higher.
Stay long for now.
This post was first published on Hurst Cycles Notes.
