Folks, I see so many "short" calls for Tesla on TradingView.
What is going on? Are we thinking this company is just going to have bigger and bigger dips (aka continue to low 100s?)
I certainly believe not.
There are enough (and more everyday) out there believing in the longterm of this company.
Chartwise/technical, we just had incredible bounce off 180 which I posted about awhile ago. This was certain. We may not go back there anytime soon. So, be careful if you are short....
--- We are above moving averages, finding support on all three of them (on the 4hr frame).
--- The RSI is not high- reading 57 on the 4hr chart. Note, look to my other post (linked below)-- The RSI on a previous bounce, which I suspect very similar to this, reached 89RSI on the 4hr chart. Meaning, if we are bullish, we have a lot more potential room to go (obvious on the charts- 250 is next)..
Fundamentally
---Give me one reason Tesla wont suceed ;) (kidding).
(Im all for this company and imagine a bright future for this- with reason to believe so).
Cheers all!
This is not financial advise- I am just getting the "Bull Case" in the short term out there. Too many bears on the recent trading view ideas ;)
We all mean well to eachother- bears or bulls humanity is one team!
Take care,
What is going on? Are we thinking this company is just going to have bigger and bigger dips (aka continue to low 100s?)
I certainly believe not.
There are enough (and more everyday) out there believing in the longterm of this company.
Chartwise/technical, we just had incredible bounce off 180 which I posted about awhile ago. This was certain. We may not go back there anytime soon. So, be careful if you are short....
--- We are above moving averages, finding support on all three of them (on the 4hr frame).
--- The RSI is not high- reading 57 on the 4hr chart. Note, look to my other post (linked below)-- The RSI on a previous bounce, which I suspect very similar to this, reached 89RSI on the 4hr chart. Meaning, if we are bullish, we have a lot more potential room to go (obvious on the charts- 250 is next)..
Fundamentally
---Give me one reason Tesla wont suceed ;) (kidding).
(Im all for this company and imagine a bright future for this- with reason to believe so).
Cheers all!
This is not financial advise- I am just getting the "Bull Case" in the short term out there. Too many bears on the recent trading view ideas ;)
We all mean well to eachother- bears or bulls humanity is one team!
Take care,
Comment:
See my post from late May here
Comment:
Folks-- seriously! Be careful if you short.
Another thing I forgot. Tesla is holding near a key Fib level from its big rise since 2013...
Moreover (and more important)...
Zoom in on that 4 hr chart!! Do it!
---- Look at all previous jumps from the downtrend.
---> In EACH prior jump and fall, the bounce was at a LESSER slope than the slope of the downtrend. HERE, our bounce is SIGNIFICANT. The slope of the bounce is far greater than the slope of its most recent downtrend.
This is a bullish sign!
All I am saying is-- dont be so eager and fooled to be short in Tesla stock. Bright future :) Trade safely and not solely off anything I say. Best,
Another thing I forgot. Tesla is holding near a key Fib level from its big rise since 2013...
Moreover (and more important)...
Zoom in on that 4 hr chart!! Do it!
---- Look at all previous jumps from the downtrend.
---> In EACH prior jump and fall, the bounce was at a LESSER slope than the slope of the downtrend. HERE, our bounce is SIGNIFICANT. The slope of the bounce is far greater than the slope of its most recent downtrend.
This is a bullish sign!
All I am saying is-- dont be so eager and fooled to be short in Tesla stock. Bright future :) Trade safely and not solely off anything I say. Best,
Comment:
This is not for the faint of heart. Again I remind you, this is the bullish case. But, Tesla is very volatile.
Again I remind you, for the longterm, I have reason to believe this stock is beautiful.
Next week is crucial as far as where we go.
News:
--No tariff relief for Tesla
Again I remind you, for the longterm, I have reason to believe this stock is beautiful.
Next week is crucial as far as where we go.
News:
--No tariff relief for Tesla
Comment:
CNBC television makes ZERO mention of Tesla's big move today. They try their very hardest to make Tesla seem worthless. CNBC, everyone will look back on this poor outlook! Not good for you...