Hello everyone,
I decided to take another look at TSLA. This is more of a short-term chart.
What I have outlined thus far....
(1) We are in a small rising channel. A candle close below this channel would be bad for the near term of TSLA... Keep this in mind.
(2) The 10day MA and 50day MA are getting squeezed. The 50day MA has been resistance for the last week. We need to break through this in order to continue to higher targets. Currently, on this chart, the two (bullish) targets are the top of the channel at 240$, and the 100day MA, which is at about 255$. Note: those are the bullish targets in the near term. The bearish targets are the fib retrace levels...
(3) This one's interesting, the red line is where past bounces have seized. I still believe this bounce in more important than all the others-- this tends me to think we will hit that red line, which (perhaps) by coincidence, coincides with the top of the channel perfectly.
However, none of this matters if bulls cannot beat the bears!
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I dont want to rant like other posts on TSLA (see all three below)... However, c'mon.. TSLA is a great buy and hold. Also, people should see the (outrageous) negativity towards Tesla and Elon-- grow a brain to see past it-- and go long.
This is not advice to buy or sell... However, the selling and bearish pressure towards Tesla is unfounded. Check back on this stock in 5years ;) Longterm target is 1k$.
Take care folks.
Remember, things to watch this week:
(i) Dont break (close below) the channel!
(ii) Bulls- come out to play! Targets are 240 and 255 if we break past the 50day MA....
(iii) Get out and smell the roses ;)
I decided to take another look at TSLA. This is more of a short-term chart.
What I have outlined thus far....
(1) We are in a small rising channel. A candle close below this channel would be bad for the near term of TSLA... Keep this in mind.
(2) The 10day MA and 50day MA are getting squeezed. The 50day MA has been resistance for the last week. We need to break through this in order to continue to higher targets. Currently, on this chart, the two (bullish) targets are the top of the channel at 240$, and the 100day MA, which is at about 255$. Note: those are the bullish targets in the near term. The bearish targets are the fib retrace levels...
(3) This one's interesting, the red line is where past bounces have seized. I still believe this bounce in more important than all the others-- this tends me to think we will hit that red line, which (perhaps) by coincidence, coincides with the top of the channel perfectly.
However, none of this matters if bulls cannot beat the bears!
-------------
I dont want to rant like other posts on TSLA (see all three below)... However, c'mon.. TSLA is a great buy and hold. Also, people should see the (outrageous) negativity towards Tesla and Elon-- grow a brain to see past it-- and go long.
This is not advice to buy or sell... However, the selling and bearish pressure towards Tesla is unfounded. Check back on this stock in 5years ;) Longterm target is 1k$.
Take care folks.
Remember, things to watch this week:
(i) Dont break (close below) the channel!
(ii) Bulls- come out to play! Targets are 240 and 255 if we break past the 50day MA....
(iii) Get out and smell the roses ;)
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Original post
Comment:
Update to original:
Comment:
Most recent (when I was a bull and everyone else seemed to be calling newer lows- ha!)
Trade closed manually:
The bears on this stock will do worse for our future than the "War on Drugs" (which, put us decades back in research on very practical and helpful drugs such as marijuana (CBD, some THC..) and psychedelics (for mental disorders and terminally ill patients, etc, PTSD, etc!!)...
Forreal. Wanting Tesla to not succeed is like hoping the Sun does not rise tomorrow. It's insane.
Longterm holders WILL come to see their payout eventually.
Take care,
P.S... Could we see a little percent jump for Elon's birthday tomorrow? ;)
Forreal. Wanting Tesla to not succeed is like hoping the Sun does not rise tomorrow. It's insane.
Longterm holders WILL come to see their payout eventually.
Take care,
P.S... Could we see a little percent jump for Elon's birthday tomorrow? ;)
Trade active
Comment:
BINGOOOO!! Short sellers- go cry and never come back ;)
PS. Never short this beauty :)
CNBC is so wrong when it comes to TESLA!! Bulls we are :)
PS. Never short this beauty :)
CNBC is so wrong when it comes to TESLA!! Bulls we are :)
Trade closed: target reached:
I will update my (very accurate thus far ;) ) TSLA posts when I see more. These are days where charts wont help us too much ; ie, with the Powell meeting--- TSLA announcements, etc.
Great company.
Great company.
Comment:
Bullish targets now are anywhere from 250$-310$ by earnings report.... :-)
Tesla looking bullish.
Tesla looking bullish.
Comment:
For pure disclosure for everyone: I was long on TSLA at 205$.
Hindsight (which is 20.20) should have had me trust my gut and load up at 180... Oh well.
Options contracts for Tesla can be profitable, but also very dangerous. How do you trade TSLA options..?
Hindsight (which is 20.20) should have had me trust my gut and load up at 180... Oh well.
Options contracts for Tesla can be profitable, but also very dangerous. How do you trade TSLA options..?