hungry_hippo

TSLA with BYND Overlay

NASDAQ:TSLA   TESLA INC
Decided to use another stock that went parabolic to predict TSLA . Appears the next move will happen soon, waffle around $1000 (as mentioned earlier it's the pennant target and an even dollar amount) then approach $1200 as the final target.

As pumptarded as this market is, there's always the possibility of yet another peak, but for now I'm expecting a top somewhere near $1200.

Comments

Any chance this is already the top? TSLA is a large cap and so shouldnt ordinarily move as far as BYND. Besides, we now have another retail trader's darling SPCE. Im expecting (hoping) tesla hang around here for a while and go down if the market goes down
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hungry_hippo magotan802
@magotan802, of course... I don;t have a crystal ball. Futures are down big so I assume TSLA will probably gap down Monday.

TSLA shouldn't even be at $900, ridiculous valuation, but a short squeeze is a short squeeze.... so it can move as much as BYND. Squeezes are very hard to predict, that's why I did an overlay, as a possibility. All I know is that I wouldn't short it until it gets past $1100.

I plotted it as a warning to anyone trying to short it more than anything, kinda crazy to go long on TSLA here unless anotehr short squeeze pattern develops (big up move), and even then I'd only play it for a day.
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aeo best level to buy for 70% gains(STOCKS).
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Upside Model Y coming out March and Battery investor day April, GF4 construction underway.
Downside Possible parts disruption from China
The Friday leg up to $970 did not happen maybe just a day behind or there is more consolidation needed. I think the latter. I am holding and buying more on the dips for now.
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*wouldnt tank
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@tbuckle, if the market tanked, this wouldn't still be above $500. 300 pt drop in $NDX and this has barely moved, $20 on a $900 stock that makes $100 moves...

The story might change after next week though,according to my chart, lol.

The drop the past 2 days is really on the Germans (and other Euros) selling off futures. NDX had 4 similar drops in the summer 2018 melt up. Keep in mind that DAX was dropping at the same time we were melting up.
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@tbuckle, we could see something similar to last May now taht I look at it...

Not really sure, Small caps didn;t break support, transports and retail actually rallied yesterday. Maybe we're just flattening out for a sideways whipsaw.
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tbuckle hungry_hippo
@hungry_hippo, I think we could go up or down lol
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@tbuckle, futures tanked hard but there's a large gap.... and all futures gaps fill....

Things are looking very bearish now though, can;t imagine teh market rallying until the virus is contained.
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Do you remember how I was saying Vix was nearing level where it normally spikes and the market can “tank” whenever it wants and particular when it’s overloaded to one side? You were saying Market would tank unless virus gets worse or something and vix would fall to whatever and likely melt up.id say and 80 point drop qualifies for “tank”
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