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Pandorra
Feb 22, 2024 5:44 PM

Why I technically feel, Tesla is ready to build 30X again Long

Tesla, Inc.NASDAQ

Description

Keep It Simple and Trade With the Trend.

As a trader, you have probably heard the old adage that it is best to "trade with the trend." The trend, say all the pundits, is your friend. This is sage advice as long as you know and can accept that the trend can end. And then the trend is not your friend. There are multiple ways to spot trends, direction, and momentum.

So how can we determine the direction of the trend?

Let's take a look on the KISS rule, which says, "Keep it (as much as possible) simple, stupid!" Here is a method of determining the trend, and a simple method of anticipating the end of the trend.

Before we've started, it should be mentioned the importance of time frames in determining the trend. Usually, when we are analyzing long-term investments, the long-term time frame (one-week or larger) dominates the shorter time frames. However, for intraday purposes, the shorter time frame could be of greater value. Trades can be divided into three classes of trading styles or segments: the intra-day, the swing, and the position trade.

Large commercial traders, such as those companies setting up production in a foreign country, might be interested in the fate of the currency over a long period of such as months or years. But for speculators, a weekly chart can be accepted as the "long-term".

Averages Moving in Pairs
With a weekly chart as the initial reference, we can then go about determining the long-term trend for a speculative trader. To do this, we will resort to two very useful tools that will help us determine the stage of the trend. These two tools are the simple moving average and the exponential moving average.

Going further and keeping in mind all the mentioned above rules, lets build the trend.
Darlings, well graphed Tesla stocks trend is still the same as in 2019, where it started 30x gain.

Anybody tried to get all the path at those times? There's a chance you'll miss it again!

Trade active

Mar 5, 2024

Bulls! This is your last f&!*#cking deepthroat chance!

Order cancelled

Mar 6, 2024

The Dip is Too Big.

Gonna wait 145

Comments
ajmelshakir
Anyone can leave a comment nowadays 🤣
Pandorra
@ajmelshakir Hehe. Looking for Elon respond? 😄
SpaceXJack
Just need a solid catalyst now to get this stock upwards. Even if the price of oil goes through the roof because of geopolitics
Blue3210
so you think TSLA will be worth 18+ trillion in 2-3 years?😮
Pandorra
@Blue3210, I don't think Tesla is too heavy to say, it's not okay to fly any further.
Just consider how many absurd thoughts was there in the rooms 5 years ago, when Tesla was unprofitable one, for many years.
wilson2326
Your monthly chart makes sense, current support area suggests another upward movement is due; exactly when or what day it will trigger is unknown. Downtrend is still in place.
Chillbizzee
The two bearish red trend lines act as resistance and then support. Currently it is support but downward trending. Why would this not be the trend? How do we know when it breaks up and away from the support line? Thanks.
Pandorra
@Chillbizzee, Thanks for your attention and dropping up. A time will tell.. what is the trend ;)
CreativeDavid
Sorry, I'm giving a thumbs down for this. You should go back to see what mistakes you made.You're TP is based on the upward channel that you drew, which isn't even correctly drawn. Why did you start the channel from 2016 and cut through the price like that between 2015 and 2016? What about the prices before 2016??
Pandorra
@CreativeDavid, all just cuz I believe it's the same tailwind
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