All hypotheticals, something to ponder on.
I like to use the 2 day time frame when looking at moving averages because they uniformly react to them much cleaner and more predictable then shorter/longer term time frames.
Not only is Elon under fire from wall street and investment groups like no other period in time, his own board of directors are trying to boot him out/he may want out himself (Hence the purchase of twitter, this was his way to exit in a none scarce way to the publics eye).
At the technical view point I am watching this orange 600 day moving average for a break below, the only other time this happened we had a fake break down and a massive pump up (circled in white).
The 55 & 200 day moving averages are THE most respected on this chart and which we have already been rejected by before the fall.
Conclusion:
The 600 day MA is support (for now) and if we break it, watch for a bottom to form around our volume gaps.
Worst case scenario is Tesla gets crushed by interest rates and china competitor.
Best case scenario is Tesla cuts staffing, rates get cut and more money is printed with the china competitor slowing growth.
I like to use the 2 day time frame when looking at moving averages because they uniformly react to them much cleaner and more predictable then shorter/longer term time frames.
Not only is Elon under fire from wall street and investment groups like no other period in time, his own board of directors are trying to boot him out/he may want out himself (Hence the purchase of twitter, this was his way to exit in a none scarce way to the publics eye).
At the technical view point I am watching this orange 600 day moving average for a break below, the only other time this happened we had a fake break down and a massive pump up (circled in white).
The 55 & 200 day moving averages are THE most respected on this chart and which we have already been rejected by before the fall.
Conclusion:
The 600 day MA is support (for now) and if we break it, watch for a bottom to form around our volume gaps.
Worst case scenario is Tesla gets crushed by interest rates and china competitor.
Best case scenario is Tesla cuts staffing, rates get cut and more money is printed with the china competitor slowing growth.
Trade active:
Created bullish divergence, we may consolidate and then major move comes...
Trade active:
Everyone pay attention to the channel that tesla is in and this channel only. IF THIS STOCK TANKS PRIOR TO EARNINGS IT IS A BUY!!!!
Very very important earnings for this stock as we get to see a clear picture of what the US consumers are thinking and doing.
Very very important earnings for this stock as we get to see a clear picture of what the US consumers are thinking and doing.
Trade active:
NGL tesla is cutting prices and I hope its to spark good sales.
I can see this thing tanking to the bottom of the blue channel.
I can see this thing tanking to the bottom of the blue channel.