christopherbrecher
Short

Am I the only one watching this trendline?

NASDAQ:TSLA   TESLA MTRS INC
258 11 3
The chart speaks for itself.
www.simplerstocks.com
timwest PRO
2 years ago
We are all looking at it - plenty of charts have pointed it out. It broke yesterday after the EPS when it fell to 215 or so in after-hours trading
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timwest PRO
2 years ago
snapshot
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AYosof timwest
2 years ago
Saw it broke to 208 level probably a retest of 200 and 18x will come I am assuming.. what do you think?
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AYosof AYosof
2 years ago
208 at extended market hours.
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timwest PRO AYosof
2 years ago
I listened to the conference call and I liked what I heard. I'm watching the stock action relative to the market and I like what I see. I like that Elon Musk said that he sees no problem at all with DEMAND for the Model-X. The problem they have is getting people who want the Model-X to buy the Model-S. The production schedule looks like 1000 per week for next year, so that seemed like positive news too. Given the very weak market the last two days and that TSLA is higher gives the 208 level extra importance for longs now that it's been tested (yes, in the extended hours session, and 215 was tested in pre-market on Friday). I'm hesitant to build a big position up here due to the market weakness, so I am watching closely. Thanks for asking. I hope to clarify my position soon.
Regards, Tim
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2use timwest
2 years ago
Are you generally moving to more cash ? I am also a bit hesitant on making large bets, though i had a feeling gtat would perform well on earnings.
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I am moving to cash. I love TSLA and Elon Musk, but in a bad market, everything will go down. Best thing, for now, going for TSLA is the huge short interest.
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I love TSLA for another reason also. We finally sold our house. It was on the market for 2 years. 91 year old person bought it. Not, kidding , he used the proceeds from the 15,000 TSLA he bought at around 40, and sold over 260 on February 21st. True story.
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2use christopherbrecher
2 years ago
Add him to tradingview :D
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In a bear market everything will go down. Everyone loved GOOG conference call also. In fact, there were more price upgrades in GOOG and FB than TSLA. And both of them quickly filled their earnings gap.
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2use christopherbrecher
2 years ago
Is goog already going up? It did a hefty drop when the selloff happened and that was a bad sign for me - it seems that people lose confidence in such large sharks, makes me cautious.
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