timwest
Long

Tesla Motors - TSLA - Daily - 9 Day Support Level Entry Zone

NASDAQ:TSLA   TESLA MTRS INC
494 21 9
The Video I posted at Youtube had a slight variation on this chart because the following day made the 9-day mode rise by a couple of points. Either way, the exit was 281 on TSLA             and the exit as listed here is 280: Both good. The duration and price advance were both within the bounds of a TRENDING stock pattern.

Tim 11:02AM EST 260.70 last TSLA            

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vaicru PRO
2 years ago
I understand you love these stock ;-)
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timwest PRO vaicru
2 years ago
I've loved it and have done very well with the technical analysis on it. However, now that we have 20 or more analysts that LOVE the stock and the stock is coming off a $35 billion valuation, there is less upside and more downside risk than ever before. To make money now in TSLA, we have to TRADE IT and make money from OVEROPTIMISTIC and OVERPESSIMISTIC traders. We can sell puts and we can sell calls to make money. I don't foresee TSLA going up much or down much from here for the next year. Thanks for the comment @vaicru!
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vaicru PRO timwest
2 years ago
My next car will be a Tesla !
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timwest PRO vaicru
2 years ago
Send a picture when you do get one!
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timwest PRO
2 years ago
https://www.youtube.com/watch?v=gYRH-jbx2JY The "BEFORE" youtube video discussing how TSLA would top last week... :-)
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timwest PRO
2 years ago
NOTE: Only using a 1/3 long size position here to all of my former trades. Due to the points mentioned and due to overall market weakness too.
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timwest PRO
2 years ago
Given that TSLA is already 3 points under 9-day support (1% under), this trade is not setting up well.
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mazdaki PRO timwest
2 years ago
the short term support was the long term uptrend and the 50 days moving average.
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chartmojo PRO
2 years ago
TSLA IS irrationally exhuberant in both directions...added downward pressure here due to fed meeting wed and Ali Baba fri...some pulling money out to trade the baba..caution on the long side
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chartmojo PRO chartmojo
2 years ago
$ being pulled out of tsla, pcln, icpt nflx cmg amzn twtr, fb etc
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timwest PRO chartmojo
2 years ago
Completely agree. IBB too.
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chartmojo PRO timwest
2 years ago
277.50 tsla Sept 20 puts r up $15.90 from fri..now that's sweet action
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timwest PRO chartmojo
2 years ago
sweeeeet
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chartmojo PRO timwest
2 years ago
its just a thought but if the dow stays positive...the fed may tighten language wed as expected...further pressuring the naz high flyers downward...if dow rolls over today or tomorrow big they may leave language the same...which would probably add some upside pressure and covering., but there is no doubt that $ is coming out of the high flyers to be ready to play Ali Baba...
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chartmojo PRO chartmojo
2 years ago
I would not underestimate how big an influence the Ali Baba ipo will be on the recent tech hyperbolic high flyers..for a week or two..they tried to keep AMZN up on fri with an upgrade...and they did...but today like the rest...hammered
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chartmojo PRO chartmojo
2 years ago
if you run a scan on naz stocks up big for the year...running deficits/no earning or super high pe's they are getting decimated
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mazdaki PRO
2 years ago
Hey Tim, you are nothing but a Monday night quarterback. You are claiming to had predicted this but you kept predicting this this stock to head higher with your analysis Look at your old charts from the past. Are you still predicting the euphoria predicted by Adam Jonas. do you see this reaching 100 or 400 faster?
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2use mazdaki
2 years ago
This is random. I see it reaching 400... and i cant give you an exact date or year - so many things may happen. Focus on the normal daily charts and see the trends. It was in oversold so it had all the chances to cool down. Tim told to sell in his comments in the right place.
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timwest PRO mazdaki
2 years ago
I see why you are saying that mazdaki - I do advise that if you are short to cover. There are lots of time frames to trade on with TSLA. This recent down-trade is just a short term down-trade. I showed how this rally exhausted itself on a 9-day basis and added the link to the Youtube Video. Did you watch that? My longer term analysis is different. I think a 5% long position in a long term portfolio is a wise investment, however I have added language in this recent post to the tune that I see more sideways action first, just because of what I'm reading lately about the BMW-EV outselling Tesla and that so much good news is behind TSLA (the upgrades by many analysts, etc). I don't think there is any other analyst that has made more profitable trading recommendations in TSLA than I have. But, currently, there is no way to track that. You can see everything I have ever published on TSLA here at TradingView. Net-net. Short term, bullish. Medium term, neutral (6-12 months), Long term (bullish >1-2 years).
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mazdaki PRO timwest
2 years ago
Thanks for the response and I stand corrected with the fact that you did predict the recent downturn. The question is are we in the corrective cycle of an elliot wave on the long term chart. Is this the point when analyst knock the stock down from 300 to 50.
As a small time investors, we are just surfing the wave that is created by the analysts.
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play4trade
2 years ago
239.38 is what I am looking for.
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