Just like I posted about AAPL (linked below) I am in the bullish camp for TSLA to close above the 178.57 level this week and possibility into the high 180's to 194.86.
The 173.55 level could be used to initialize an entry.
I have no complaints about the analysis and description, everything is fine here, as usual, my friend. But current market movements and recent news advise me to skip this idea. By the way, do you somehow analyze the news when putting together your ideas?
bsdvs23
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@TradingStat, Today's description was less descriptive as I wanted to get the 'idea' out quicker than usual. In terms of market news and correlations to my analysis, etc., that answer is, No. I will occasionally get sound bites from the news, based on economic conditions (as I really enjoy economics), but those do not persuade my assessment of the markets. They can, in some cases, cause me to look into sectors and/or beta types to look under the hood. I will look at correlations of those under the hood as well as those applicable within the major markets. So, in summary, I like to focus on the market sentiments and how certain stocks/sectors are behaving and trying to define whether or not the market has clear and concise leadership. Many of the charts posted on TradingView will have complimentary artifacts found in my profile. The biggest issue with being too focused on "The U.S. Economics" compared to the NYSE they're not always correlated; therefore, it's easy to become to isolated with biased perceptions of the economy with expectations on what the market should do. Should do in terms of our emotional assumptions and expectations within certain timeframes at times. My philosophy is always to put the markets first, while trying to gauge the market sentiment without being too buried in the leaves intraday price. The 'leaves' [intraday timeframes] can also implicate some ones ability biased without knowing how the 'trees and forest' are setting up. In that same breadth, I am not a fan of using patterns; however, I am a fan of head-and-shoulder, but they're not a major influence. It all boils down to understanding 'time and price' and how those are developing within the market.
One main reason for TSLA, AAPL, and others on my 'buy trigger list' for the week is based on those artifacts and some additional tools I use providing statistical outputs, of which, have a small place in specific trading rule criteria (separate from the day-to-day). My day-to-day, as outlined above.