On January 14th we posted the following about Tesla:

Today’s price action triggered a nice cup/handle setup and the stock is now in the process of filling the November 6th gap down.  Further follow through increases the probability the measured move target of $199.90 will be acquired.

The technicals are confirming positive fundamental news.   We think the move has legs and bought some today.

We wish we stayed with the position through the whole move but got shaken out during the correction.   It does show the power of the cup with handle setup.

Fooled by randomness?    We don’t think so.

(click here if charts are not observable)