So, i don't know what kind of MAGIC Elon Musk is going to pull off, but from a technical perspective the bull is OVER.
Whichever expert still thinks about that $420 mark and beyond can go right ahead and light up that doobie himself. Because i don;t think any real investor will be going long in these market conditions.
EV of 2019 will be a saturated market and Tesla however cool, is no longer the exciting thing that it once was. IF back in 2010, Tesla was proof of concept or growth, then last month(dec'18) it has hit its peak and all of those burned billions will need to be payed off SOONER than later. And if people think that investors will just throw money at Tesla are going to be in for a shock, as the stock continues to dramatically decline even though some magic numbers are saying something about something that appears good on paper - only.
You may call it - buy the rumor sell the news. Yes, Tesla may finally be a profitable company, but they will face new challenges beyond simple problem of supply and demand. These new challenges will direct stock value into a bear territory.
Think about this for a sec, Apple lost 40% of its value from the top and TSLA appears to be unharmed? ROFL, what a joke. No way, these cult buyers/holders need to be welcomed to the brave new world of the Bear.
It appears to me that they still think that TSLA is still a UNICORN company. It is not, and Elon can keep buying his own stock as much as he wants, but we are heading to lower price points.
Ponder on this, if you think that EV is the future, then, why does it has to be only just TSLA. It is like saying Blackberry is forever. Well, welcome to the future, i don;t see a lot Blackberries. Don;t get me wrong i am certain, we will have TSLA around, but competition is just around the corner, and the future of TSLA will reveal itself from being certain to uncertain.
But what do i know, all i know is what the chart is telling me, and i don;t see any supporting prices besides $250 or $300. And the way price behaved at 300, all i saw was weakness.
Good luck everyone ;)
**LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you, Ajion
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Lol bounce on 300 was expected.. giving us to snipe Tesla again and a better position
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So let me get this right: building a factory in China to start production in late 2019. To increase supply for all of that future demand. And decrease the car price while at it, then ship it around the world and compete with Chinese market.
Sounds very reasonable.
Except that is 1.5 years into the future! So what is going to happen along the way, a gashing demand of Tesla in slowing economy?? I wonder what Q2 will say, Q1 still be fun.
Does anyone know what is the margin on Tesla cars?
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I believe we are forming a bear flag here with a a-e pattern and we just hit d. 335 is as far this price will go. We will be back to 300 just as quickly. Can I be wrong, yep.
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Well that is the end of that short lol. Good game.
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ROFL, you guys just funny!!
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Got it! Elon Musk is magician! Now tesla is going to hover using jets thrust via high pressure air. Damn he is good. So does this mean Tesla to the moon? Can we just give this man 1 trillion dollars already. He clearly knows how to burn cash for great things. So i guess shorting this stock is almost mute - Now. Any dib, Elon will something crazy, and watch the price rise.
Truly, as some say, Never bet against Must. Bravo, the dude is a genius.
I agree with your comments. The funny part is that Tesla held quiet well during the sell off, and I was lucky to exit my short position with a good profit. I am very much hesitant to short it again because it just did not go down and was just going sideways, LOL :)
Ajion
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@gvoommen, ha, yes, I did short as well, and got out before the rally, but it's value returning to 340 so quickly, tells me that a lot of traders have covered. This week should be entertaining enough.