Public trading strategy
Tesla crushes delivery numbers as rate fears ease — momentum play on TSLA
Thesis
Tesla just printed 480,126 deliveries, crushing Wall Street estimates and reversing the narrative of a prolonged sales slump. This fundamental bullish catalyst is hitting the market at the exact moment that easing rate-hike fears are lifting the entire stock market. When a high-profile growth stock beats expectations during a broad market relief rally, the upside momentum often lasts for days as analysts scramble to upgrade their price targets.
Strategy approach
Build a momentum strategy that enters long TSLA on D1 when the stock closes up >3% on high volume following a delivery or earnings beat, and the Nasdaq 100 index (QQQ) is also in a short-term uptrend (above its 10-day EMA). Exit after 10 trading days or if TSLA drops below its 10-day EMA.
Markets and timeframes
TSLAD1