Tesla (TSLA) buy signal was given on November 16. The average buy price is $441. TSLA has moved up to $518.88 as of this writing. This is in the target zone.
All investors should consider taking partial profits and raising stops on the rest to breakeven. Those who want a closer stop, at least on partial quantity, may consider $468 to $473. The high band of the target zone is $550. The probability of TSLA going above $550 is now about 30%. The reason is that TSLA is very large and there may be a stepped inclusion in S&P 500.
What To Do Now
It is a matter of personal preference. There is merit to taking profits and exiting the position for those with small accounts.
Those with larger accounts would want to take only partial profits.
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