@Kuto, i don't see what you see but we'll just have to wait and see.
Kuto
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@eman0075, maybe some pull and cross on MACD will make me happier
eman0075
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@Kuto, hmm not sure what pull and cross is.. but i'm hoping for a push above 690 (today's high), to help add validity to the uptrend
Kuto
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@eman0075, Pulling back to the signal line on the MACD and crossing over in confirmation of a breakout, in conjunction with other indicators
eman0075
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@Kuto, oh right. just be careful since the macd is the difference between two emas (usually the 9 and 26), the signal line is an ema of the macd. So say tsla trends upwards to about 750; and the macd line finally converges and crosses; i'm probably gonna sell at 750, where as you would be using the macd cross as a signal to buy in. It's all circumstantial. It could very well cross, and then sky rocket upwards, but i'm currently hoping for a price target of about 720-750. To me the macd is more of a narrow view of what the trend is doing; i don't usually use it to enter a signal. Although you should go with what works best for you. This is all to say i don't know what's going to happen and all my advice is pretty much meaningless.
Kuto
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@eman0075, that make alot of sense to me when put that way. I like that statement and thesis more. An additional question that comes up for me now is the enter signals for if you do use a 720-750 price target
eman0075
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@Kuto, damn i feel pretty smart rn. but as for entries... it's all subjective. I'm more of a day trader than a swing trader. I can't follow long term trends too well; but when the technicals say overbought/sold then it's just that way. People were assuming that the rejection of new highs meant that we're in a strong down trend that'll send tesla to $200 a share. That could still happen based on bad fundamentals and earnings reports; but technically, we weren't in a down trend, more of a correction. Tesla will reject lows under 300 pretty brutally. If tesla goes to 300, buy; it's a bargain for the army of robo taxi fleets elons going to build; not to mention their battery, solar, and car products as well. What happens here? I guess it could go either way. But there's a high upside to it, and a lot of hype. Take your chances either way. I'm bullish though.
cashonly
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When it was at $950 what target did you have in mind where you would sell at?
I think 3rd march we at $500.
eman0075
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@cashonly, i sold all my calls there, but i held one just in case. I had puts but sold those too early, like @ 815. IF we make new lows, then i guess it could drop to 400 or something. Other fib retracement levels could stop that from happening though. I'll buy some puts in case todays low fails