Why Ari Wald Sees More Upside In Tesla Shares


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


On CNBC’s "Trading Nation," Ari Wald of Oppenheimer said he always advises investors to “let your winners run,” and Tesla, Inc. (NASDAQ:TSLA) is a winner.

Strength can be seen in the stock’s chart, with its share price surging above the January peak on Monday. Wald expects a further rise in the stock, with the next breakout point at $1,200.

Tesla’s stock joined the $1-trillion club following the steep surge on Monday on news of the company landing its biggest order ever from rental car company Hertz Global Holdings Inc (OTC:HTZZ)

TSLA Price Action: Shares of Tesla were up 2.31% at $1,048.57 late Tuesday morning. 


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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Posted In: Long IdeasMediaTrading IdeasAri WaldCNBCOppenheimer