Hi All,
Here are my thoughts on Tesla future stock price.
There are 3 simple scenarios based on simple trend analysis:
Scenario 1 My personal favorite - Sell below red trend (820-830), turn to Long again on green trend (650)
Scenario 2 - I feel that this is not a priority, but will open long position if stock close above trend one day (~830), with first goal 950-1000 and second target 1300
Scenario 3 (I feel this one not realistic but still exist) - if we go down from ~830 and then go down below ascending trendline on ~650 I open short with deep goal on 250-350 where we will find ascending trend and minimum 2020. 250-350 will be a strong Buy signal.
Here are my thoughts on Tesla future stock price.
There are 3 simple scenarios based on simple trend analysis:
Scenario 1 My personal favorite - Sell below red trend (820-830), turn to Long again on green trend (650)
Scenario 2 - I feel that this is not a priority, but will open long position if stock close above trend one day (~830), with first goal 950-1000 and second target 1300
Scenario 3 (I feel this one not realistic but still exist) - if we go down from ~830 and then go down below ascending trendline on ~650 I open short with deep goal on 250-350 where we will find ascending trend and minimum 2020. 250-350 will be a strong Buy signal.
Comment:
UPDATE 02.05.2020
1) Right after report I went long from 825 (trendline - scenario 2)... fixed 35$ of loss per share
2) 01.05.2020 Turned to short from 770 (below weak accendig trend) Now I believe that we go to 620-650 trendline where I wil fix profit and turn long again. Don't forget about stop, my stop - 735
Please feel free to share your ideas
1) Right after report I went long from 825 (trendline - scenario 2)... fixed 35$ of loss per share
2) 01.05.2020 Turned to short from 770 (below weak accendig trend) Now I believe that we go to 620-650 trendline where I wil fix profit and turn long again. Don't forget about stop, my stop - 735
Please feel free to share your ideas
As we know Tesla reported High earning per share and Tesla fans rised price on 10% on postmarket. So scenario 2 will be activated on todays session :)
I will wait for price go down to red trendline and buy from ~820-830. Buy higher is too dangerous from my point of view. Stop below 800 and goal - february maximum (~950-960)
As Fibo changed from peak 19.02 to peak 04.02, optimistic second goal also changed to ~1350. I will prefer to close 1/2 position on 950 and move stop to ~920 for second half of position.