Moshkelgosha

What is the main reason behind a rally???

NASDAQ:TSLA   TESLA INC
Many people justified their claim for Tesla's share price with stories about its future! They are right, Tesla technology is unbeatable..!
I believe Elon Musk is one of a kind Super Human..!
But when I looking at trade volume , I see money started getting out of Tesla , and it started weeks ago!
Look at the trading volume , 20 days average trading volume 2021 is 1/4 of 2020..!
It shows me there is no money influx, not any more..! and it has changed to outflux!
The real reason behind any share price movement is not how good a company is, but it is MONEY..!
Money rules..!and if you think otherwise, sooner or later you will be washed out ..!
Do not try swimming against the current, soon you will be exhausted and drown easily.
In any market, your first obligation is to find the most emerging current..!
look at my analysis of EV makers in February.
Comment:
Paid services are available at:
https://www.patreon.com/SniperTraderStocks (5-15 USD/M)
for the Pay What You Want Model, send an email to snipertrader.stocks@gmail.com

Comments

I love TSLA but it is overpriced
+2 Reply
Pastig lulu45
@lulu45, underpriced! bro'
Reply
I agree that so many price predictions and model predictions are too focused on the price alone. Volume tells more of a story about what investors are actually doing. I have seen charts with great movement from low volume trading but the end result usually isn't stable and corrects quickly. Look at after hours trades to see what I mean with low volume but high price movements that generally get evened out the next day.
+1 Reply
The Jobless claims will be posted tomorrow at 8:30 AM eastern time and it's expected to decline compared to last week. Last week the bond yield jumped up 0.1% a few hours after the report was release, even though it beat the expectations. So if the result of the report remain around 735k claims, as expected, we should see a drop in US10 and Tesla and all other growth stocks will go down.
Whether yesterday was "the bottom" or just a "dead cat jump", it all depends on what's on that report.
+1 Reply
TomDen1 Realamh
@Realamh, when does that report come out? If it already did, what did it say? Will TLSA go down past $500? Thank you sir.
Reply
Putting value and money flow aside and only looking at what the chart is saying, I believe we are in the process of forming a H&S on the 10 min chart with target around $580-$590 area where we bottom. This will finish the retracement from the LONG move from $540 to $720.
From there, we will be forming the right shoulder of the inverted H&S on the daily chart for a long position to $900 target after we clear the $720 neckline.
This is just an opinion, and not an advice.
+1 Reply
There is a gap around 422 area. I expecting land at this in the few month time.
+1 Reply
Great analysis!! Do you believe is going to enter the resistance zone before crashing or is going to crash from here!
Reply
great analysis
Reply
thank you
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out