timwest
Long

Tesla Motors TSLA Daily Forecast for the next quarter = UP

NASDAQ:TSLA   TESLA MTRS INC
822 12 14
This is my brainstorm for Tesla             . It shows quite a few concepts on it at once.

1. Earnings support and resistance
2. Mode to Mode projections to the next mode. See the red arrows.
3. The speed support zones are untouched from the previous chart I posted here (link below)
4. Time at Mode shows how the shares react nicely with these concepts.
5. Earnings are out in 12 days and could easily destroy my projection but I'm willing to stick my neck out a little as I saw plenty of Tesla's on the snowy roads this winter. Those cars have incredible slick weather traction.
6. Note how the market reacts around MODES. The biggest modes are the most important. Subscribe to VOLUME AT A PRICE to get this information easily on your charts. I call this "TIME AT PRICE" but it is very similar.
7. There is an uptrend in place because we have not had a new low in over 5-days and it is also above/at the mode since the low.
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timwest PRO
2 years ago
And lastly, the 11-day decline ends at Monday's close.
+1 Reply
2use timwest
2 years ago
Awesome new features of relating other charts gives much more credibility to the recent charts. Basically from monday its a buy on confirmation?
+1 Reply
timwest PRO 2use
2 years ago
Yes - it takes more time to publish ideas - but it looks better -
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Tim, in my opinion the problem is the weak stock market. If Friday's momentum continues on Monday, I expect a fall in all the indices, especially in the Russell and Nasdaq. I know we talked about this on one of charts; look how the Russell and the Nasdaq are the weakest, after being in front of this strong rally that lasted year after year. I can't see Tesla rising or even stalling on a falling stock market, I think they will both go down together. I also saw a setup in DDD 4 days ago, but I closed it because of the ugly picture drawn Friday on the indices. Situation in Ukraine doesn't help at all, all this crazy volatility comes from there, and there is no way it can be forecasted.
+4 Reply
AYosof
2 years ago
Where are we going with this tomorrow as shares are down as much as 184...???
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timwest PRO AYosof
2 years ago
Hello, AYosof, The price is down to a good level at the bottom of the forecasted price range. Not that I have 184-210 as the possible range for TSLA today. I am a little concerned that Elon Musks comments are not what the market wants to hear so I am not going to buy as much as I thought I would have given the delays in Model-X and the aggressive expansion of investment needed to get Tesla sales back up to forecast. I know I am still craving a Tesla every time I see one driving on the road. I drive 50 miles or less in a day on 300 days a year, so a Tesla would be perfect for me.
+1 Reply
timwest PRO timwest
2 years ago
2nd sentence = "Note" (it shows "Not")
+1 Reply
niroola timwest
2 years ago
Have you driven a Tesla?
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tarikawad
2 years ago
Ops
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timwest PRO tarikawad
2 years ago
TSLA is at the bottom of the forecasted price range for today. I think it is a low-risk entry to buy. The shorts will be eager to cover too. Risk is always 3 ATR's. That ATR has gone up as of today's volatility, so your trading size ought to go down a touch.
+1 Reply
AYosof
2 years ago
how many days to 236 projection?
+1 Reply
vaicru PRO
2 years ago
Number one Tim !
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