Description in the Chart... Regards
A recent announcement from Elon Musk sparked the selling. Elon stated the stock price was getting ahead of itself a bit. Market volume and fib levels indicate it has a little farther to fall before picking up. I am over all long
TSLA appears to be topping on the weekly chart. The weekly RSI, Stochastics and MACD are all sloping down following Monday's sharp 8% plus move lower. I'm expecting up to a few more sessions of slight gains as a few ardent buyers continue buying on pullbacks, with a resumption to the downside continuing by early to mid next week. My first key downside target...
Tesla, aka the "stock of 2014" looks like its wild drive might be coming to a temporary end. As much as I love this company, I see us at a temporary top, and I am looking for a shorting opportunity in the 265-275 zone. Wave properties since March suggest we are in a corrective ABC flat, and are close to the B "top". Other indicators such as RSI and declining...
The volume was higher on red days than green days during the first top, and during the second top the volume is low (typical of a cup and handle) and also higher volume on green days than on red days, indicating a bullish chart. This may still turn out to be a double top, so investors should be cautious and watch the support.
Tesla Motors Inc (NASDAQ:TSLA) slammed into a major double top today. While the stock will have resistance here, it is likely headed above $300 before a long term top. Having said that, I will not buy it, instead wait to short it above $300 per share. Patience is a traders best friend. Cheers! Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com
The next resistance sits at around $260 level. (ATH & rising channel) It is pretty unlikely that we'll see a correction back to 230 level again unless there are any major events happening globally.. -Model X -China trademark issue resolved -gigafactory
From a technical perspective the $230.65 resistance is a critical area for the upward break and any dip under $217.56 support should be watched as a change in momentum... In the medium-term Elliott Wave Cycle and the Fibonacci Retractment suggest that $244.73 can be seen as a Target with a stop loss at $217.56... Any comments or suggestions would be much appreciated...
Pretty attractive bet for quarterly announcement in 3 days if the price isn't pumped beyond US $235 by then. Catalyst: -The upcoming Tesla Model X by early 2015 -More details on the gigafactory battery partnership with Panasonic (Confirmed) >>> Big loss will continue due to the cost of the land and building, Panasonic will cover the cost of the...
TESLA is currently testing a short-term support. It could reach a good buy point to open a long position. However, caution has to be taken as the earnings report of the 2nd quarter approaches.
Tesla must break 244-245 in order to breakout to the upside. 244.44 or 244.32. We had a very good chance monday and tuesday. If we break out 244 get ready to buy to get high. We need a 2% move up wednesday and then we are off to the races.