View On Tesla (3 Sept 2020)
It is true that Telsa is one big unicorn with 1(all) or 0(nothing) background and it also a one good company to hold.
Nonethless, the recent move has gone fast and furious basing upon the sharing spilt fiasco.
So, the spliting has over. So there may be some "Buy on Rumor, Sell On News" event.
From the TA point of view, the move of 2 Spet has shown some serious selling pressure and it has started to retest the Strong Uptrend (Upper) line near $400.
If the selling persists, it could retest the lower band of strong uptrend line near $375.
Let's see..
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
It is true that Telsa is one big unicorn with 1(all) or 0(nothing) background and it also a one good company to hold.
Nonethless, the recent move has gone fast and furious basing upon the sharing spilt fiasco.
So, the spliting has over. So there may be some "Buy on Rumor, Sell On News" event.
From the TA point of view, the move of 2 Spet has shown some serious selling pressure and it has started to retest the Strong Uptrend (Upper) line near $400.
If the selling persists, it could retest the lower band of strong uptrend line near $375.
Let's see..
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Updated View On Tesla (8 Sept 2020)
We had some hit and miss with Telsa since last August and finally it is going in our way.
It may not be in for a long term down trend, we have to agree that it is pretty much overdue-d for the healthy pull back.
As it is trying to shake out the weak hands, it is rather advisable to stay on the short side.
As long as $450-$470 is not broken, it is still a SELL to me and it should go to $340 and $300-$310 region soon (This is where the trend line of "normal uptrend" is)
We had some hit and miss with Telsa since last August and finally it is going in our way.
It may not be in for a long term down trend, we have to agree that it is pretty much overdue-d for the healthy pull back.
As it is trying to shake out the weak hands, it is rather advisable to stay on the short side.
As long as $450-$470 is not broken, it is still a SELL to me and it should go to $340 and $300-$310 region soon (This is where the trend line of "normal uptrend" is)
Comment:
Updated View On Tesla (10 Sept 2020)
Tesla sit pretty on the "lower" band of Strong uptrend near $325 region and it is showing some potential strength.
A lot of shorts must have trapped near $320-$350 region and they must be in for the ride, as it can swing back up $425-$450 as a retest.
Tesla sit pretty on the "lower" band of Strong uptrend near $325 region and it is showing some potential strength.
A lot of shorts must have trapped near $320-$350 region and they must be in for the ride, as it can swing back up $425-$450 as a retest.
Comment:
Updated View On Tesla (11 Sept 2020)
The Bullish cheer of the past two days has quickly faded and it ended with a decent bear candle in the end. Those who chased and long this counter are more or less trapped by now.
We still hold our shorts positions with SL at Break Even and will add shorts slowly/accordingly to our plan. We expect it shall soon hit $320-$325 soon.
In trading anything than happen. embrace the uncertainty.
The Bullish cheer of the past two days has quickly faded and it ended with a decent bear candle in the end. Those who chased and long this counter are more or less trapped by now.
We still hold our shorts positions with SL at Break Even and will add shorts slowly/accordingly to our plan. We expect it shall soon hit $320-$325 soon.
In trading anything than happen. embrace the uncertainty.
Comment:
Updated View On Tesla (15 Sept 2020)
After hitting a strong support region of $300-$330. it is going back to 425-450 as a retest. (We mentioned about that region in the previous analysis).
So, if you are thinking of shorting, it is better to wait it out for a bearish candle or the resistant region to hit.
or if you have long positions, 425-450 might be a profit taking region too.
We have FED rate decision on Wednesday and it is going to be an another EPIC event.
After hitting a strong support region of $300-$330. it is going back to 425-450 as a retest. (We mentioned about that region in the previous analysis).
So, if you are thinking of shorting, it is better to wait it out for a bearish candle or the resistant region to hit.
or if you have long positions, 425-450 might be a profit taking region too.
We have FED rate decision on Wednesday and it is going to be an another EPIC event.
Comment:
View On Tesla (16 Sept 2020)
After 2 strong days, Tesla has retest the resistant regions of $425-$450.
The price action( momentum) is Bullish for sure, but please keep in mind that the price has reached the upper trend line of strong uptrend.
Moreover, we have FED rate decision tonight, it will bring strong movement later on. Reversal?
Let's see..
After 2 strong days, Tesla has retest the resistant regions of $425-$450.
The price action( momentum) is Bullish for sure, but please keep in mind that the price has reached the upper trend line of strong uptrend.
Moreover, we have FED rate decision tonight, it will bring strong movement later on. Reversal?
Let's see..
Comment:
View On Tesla (18 Sept 2020)
Did you heed our warning when the price hit the upper side of strong UP trend line?
It mad a decent pull back after it hit $460 on few days back.
To be fair, it may be just a decent pull back and the market is not in the full blown bear momentum.
I'm still holding my shorts in decent profits and watching it closely. I repeat we are not in the full blown bears yet. So, the bulls may fight back too.
Be vigilant.
Let's see..
Did you heed our warning when the price hit the upper side of strong UP trend line?
It mad a decent pull back after it hit $460 on few days back.
To be fair, it may be just a decent pull back and the market is not in the full blown bear momentum.
I'm still holding my shorts in decent profits and watching it closely. I repeat we are not in the full blown bears yet. So, the bulls may fight back too.
Be vigilant.
Let's see..
Comment:
Updated View On Tesla (21 Sept 2020)
I am pretty amazed and rather impressed with this counter right now.
When the majority of US stocks are diving, this counter holds pretty well.
All because of "Battery" Day tomorrow.
Anyway, $460-$480 will be strong resistant.
Let's see..
I am pretty amazed and rather impressed with this counter right now.
When the majority of US stocks are diving, this counter holds pretty well.
All because of "Battery" Day tomorrow.
Anyway, $460-$480 will be strong resistant.
Let's see..
Comment:
View On Tesla (23 Sept 2020)
The $460-$480 region is the strong resistant as we mentioned previously.
But at the same time, $400 region has become support too. (See the Box)
I reckon this counter is hold up well due to the "Battery Day".
Since it is over, it shall go some catch up to its peers.
It is not so bullish to me at this moment.
Let's see..
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
The $460-$480 region is the strong resistant as we mentioned previously.
But at the same time, $400 region has become support too. (See the Box)
I reckon this counter is hold up well due to the "Battery Day".
Since it is over, it shall go some catch up to its peers.
It is not so bullish to me at this moment.
Let's see..
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Comment:
Updated View On Tesla (24 Sept 2020)
It took 2 months to become a overnight success.
We are more or less, bearish on this counter for sometime now.
Losses are there and we are doing great (more than good right now)
So, sit tight when you are making money.
We expect it to go lower first. It shall easily go to $350-$360 soon. Let'see.
It took 2 months to become a overnight success.
We are more or less, bearish on this counter for sometime now.
Losses are there and we are doing great (more than good right now)
So, sit tight when you are making money.
We expect it to go lower first. It shall easily go to $350-$360 soon. Let'see.
Comment:
Updated View On Tesla (29 Sept 2020)
The Strong Uptrend (Lower) line has supported the price for two time so far, and it has become a strong support line.
As the name indicates, tesla is "still" under strong uptrend overall.
The market is on the rise on the positive potential outcome of the upcoming stimulus package.
$460-$480 will be good TP (or) resistant and stand aside from selling for now.
The Strong Uptrend (Lower) line has supported the price for two time so far, and it has become a strong support line.
As the name indicates, tesla is "still" under strong uptrend overall.
The market is on the rise on the positive potential outcome of the upcoming stimulus package.
$460-$480 will be good TP (or) resistant and stand aside from selling for now.
Comment:
Updated View On Tesla (30 Sept 2020)
Telsa bulls are not giving up easily.
At the same time, $450- $460 will be strong resistant region for the bears to stage a surprise attacks.
Currently, I am holding my shorts with avg win. The market needs to break down $320-$350 regions strongly to firm further bearishness.
Watching carefully for now.
Telsa bulls are not giving up easily.
At the same time, $450- $460 will be strong resistant region for the bears to stage a surprise attacks.
Currently, I am holding my shorts with avg win. The market needs to break down $320-$350 regions strongly to firm further bearishness.
Watching carefully for now.
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The price of Tesla touched our first profit (TP) region and we have closed out partial shorts with the profit near 380 region.
In fact, it is considered shake out and we can hear traders are panicking. That shows that the extreme level of over leverage on the side.
Over leveraging will do some nothing but harm to traders in long term.
Moving forward, Tesla may do some rebound up but it is too early to buy in at this moment. I expect, more flush out event is on the way.
$330-$360 shall be a better supportive region to me.
So, do not rush to buy in just yet.