Stonk Chart: Oliver Kell $TSLA Trade 2020

Oliver Kell is the US Investing Champion last year with a juicy return of >900% 🚀🚀🚀. Insane!
I reviewed one of his best trades, $TSLA 🚗.

Oliver's focus is on momentum stocks and his entries and exits are based on the following:
​
1️⃣ Reversal Extension
2️⃣ Wedge Pop
3️⃣ Base and Break/EMA Crossback
​

Bought March 19 on 50MA support. Stock showed strength despite market weakness.


He sold at 20MA, stating this is were the resistance usually is to the upside.


Bought April 9 on pop (break-out). Sold on earnings.


Bought May 1, EMA crossback. On the chart this is a 20MA support.


Added June 1 - pop.
​
Ended trade July 13 - fully extended from 10MA.

​Bought August 12 after end of base pattern (pop). Exited September 2.


Re-bought September 4, got hit after news that Tesla was not going to be on S&P500.


November 18, bought on episodic event (inclusion to S&P500). Sold November 30.


Bought back December 2 on EMA crossback. Ended trade on January 3, 2021.


What can we learn from his strategy?

​
✅ Entries on breakout (wedge pop)
✅ Re-entries on MA support (rising)
✅ Sells when extended from 10MA
✅ Follows stock relative strength and story


/END.TBP