Old support is the new resistance, typical rebound when a bubble pops. Target is $600, then it resumes the tank. I think it hits the target on the stimulus pump.
No position yet, I'd rather short this than go long. I'm also watching this as an indicator for the top of this market rally, every single company is going to lose money this quarter and the market is pumping garbage anyways. Hard for me to chase the bubble rebound.
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BTW, note the red arrow from my previous post, hit the target and bounced. Pretty good prediction there....
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Gotta say.... it might not get to my target, especially if the market tanks next week.
TSLA seems to be trading wit the market, at this point I don't think there's any advantage to trading TSLA options vs any other stock.
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My timing was off a bit there but looks like it still wants $600. Chart formation is now very bullish, usually gaps up the next day...
Seems really stupid considering their factory is shut down, and nobody needs cars if they're holed up in their houses.
Also, everyone's losing money during this whole shutdown, why would anyone want to buy a luxury car this year?
The market is about making money, not making sense.... so follow teh chart I guess.
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Very bearish.… has reality finally sunk in? Or do we get more stimulus?
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TSLA went to $535 AH today on quarterly sales news. If it gaps up, there's an opportunity to fade the gap.... I think.
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Futures in the red, if this gaps up, it is definitely heading down, probably straight from open. Anyone who bought within the past week is gonna bail while they can....
Guessing it takes a week to fill the gap (depends on how big), but I'm assuming $80 right now based on AH price.
@CryptoCheck-, with 1 million cases, the coronavirus is now endemic. It's not going away. Best hope is that summer slows the spread, and they create a vaccine within a year.
In the meantime, old people will be confined to their house, and no crowded places like movie theatres, airplane, etc. The economy is gonna tank.... really hard.
People thought I was nuts when I predicted 2008, economists are saying this could be worse.
very nice work! very similar prediction myself, however, I figured it would hit the M3 and head back down (which it looks like it's doing, unless it gets one more rally)