IvanLabrie
Long

TSLA: Interesting levels and earnings targets

NASDAQ:TSLA   TESLA MTRS INC
TSLA             is an interesting stock right now. The trend is largely up and I also expect crude oil             to go up soon, with GBPUSD             and other correlated pairs, so this could favor a rally here.
Earnings shock might wreak havoc though, so to be safe I'd wait for the shock event to go long or short.
Keep close watch of the key hidden levels indicators s/r levels, and the time at mode targets for uptrend signals that could fire doing earnings. Here's when the key hidden levels and the vix             post spike 75% retrace levels could come in handy!

The two targets above could become reversal levels as well.
In my opinion a sharp move down before a multi week rally is in order, and would offer a terrific buying opportunity, and TSLA             would be a good individual stock to go long with, other than S&P500             futures . (looking at the support area in the monthly chart, around 2020-2040)

I guess options strategists could use the levels on chart as useful prices for selling puts/calls and getting exercised at the ideal level for a reversal. You could also trade the reaction buying or selling stock directly (which is what I'd do).
Good luck, and stay vigilant. Better be safe than sorry with this kind of trade.
Ivan.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
mazdaki PRO
a year ago
This stock has a mind of its own it gyrates with news. I agree with a buy entry at 230 level. For now, I stay short.
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IvanLabrie PRO mazdaki
a year ago
I'm not positioned in it yet.
I don't want to short it, I'd rather go long but need a good entry, ideally on a shock event.
Short might be good, but I think it might be dangerous. I'll react this time, and not predict.
+1 Reply
mazdaki PRO IvanLabrie
a year ago
That is wise. The MACD breakouts may help. We may get a small rally just up to the quarterly release but it is a short unless we breakout of the downtrend on the MACD (see chart I just published)
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IvanLabrie PRO mazdaki
a year ago
What makes you think short?
Trend is clearly up, I'll look at your chart now.
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IvanLabrie PRO IvanLabrie
a year ago
I see you have quite a few charts. I don't get anything from the trendlines and MACD signals you refer to.
What I see is price is building larger and larger accumulation periods while it continues up, volume is mostly expanding on up bars.
Only concerning part is the lack of new highs in a few days.
It's possible crude rallies after a retracement, and this would possibly help TSLA rally. It has happened multiple times, the correlation is considerably reliable.
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mazdaki PRO IvanLabrie
a year ago
It basically shows to short now and buy in the 230's.
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IvanLabrie PRO mazdaki
a year ago
I'm in waiting mode. No reason for me to short yet.
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jangseohee
a year ago
it could be a monthly DOJI
if it breaks up, final is around 375 assuming price moves in 45 degree
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jangseohee jangseohee
a year ago
snapshot
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IvanLabrie PRO jangseohee
a year ago
Yeah, more or less in that range.
I think it's worth a shot for a long, specially if it bounces off the 230 key level.
+1 Reply
snapshot

Something like this should work if we get a retrace in the S&P and this stock.
3 atr stop.
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ChimbOt PRO IvanLabrie
a year ago
i think its a short
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IvanLabrie PRO ChimbOt
a year ago
Everyone does, I'm not so sure, we'll see. I'll trade the earnings reaction.
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Price closed with a higher low than the mode.
Confirms a 19 bar uptrend, but it's dangerous to go long now.
snapshot
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snapshot
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We might cross below the mode during earnings it seems.
I'm entering a long at 230, SL 205.55, tp 411.
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snapshot


We crossed below the daily mode, this is bearish, also we now have a bearish time at mode signal aiming for 243 give or take.
If earnings are bad, this might push price even lower.
I entered a small short today, stop above the mode. Targetting the key level at 230.
+1 Reply
Went long today, small risk, stop at 266.66.
Price formed a higher mode in the daily, and it moved and closed above it. We also have more than 5 days without a new low.
Target is 357, roughly but I don't have a limit sell order. I'll let it sit if I'm not stopped, trade can last a couple months if all goes well.
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There's still more downside left it seems.
I'd stay out and wait for clarity to go long again.
The key hidden levels might turn into support, the one at 230 in particular. If hit it might be worth a try with 1 atr stop.
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snapshot


Target for this decline on chart.
It matches the 230 key level and the 253 EMA zone.
Might be interesting to monitor this stock. I think that as long as oil falls, it'll most likely continue to head lower.
We'll know soon enough.
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