Tesla had a run at Friday's closing when it rose from about 810 per share to close over 820. Today the market dumped more kerosene into $TSLA (IRONY INTENDED) as the battery stock is now ON FIRE: Next stop is 900, and it won't be long. The TSLA Short window saw a brief area to get back in @ 780; a figure we'll probably all laugh at soon enough. Tesla is now...
Tesla has been a little volatile over the course of the COVID season, needless to say. Its most recent slip saw it drop to about 780/share, but with its very strong close to last week, $TSLA now hovers around the 835 mark, seemingly having shattered an 820 resistance mark that seemed as strong as the titanium in its battery cells! Many long-term Tesla bulls have...
We had indicated 820 as a huge resistance point, and just as $TSLA showed its signs of shattering it; it recoiled and reversed the trend to close down on the day. After flirting with the mid 820s; Tesla fell a solid 15/share to close at about 805. Still believing the trough to be 750-765, it will be highly interesting to keep charting Tesla throughout the week's...
Tesla ($TSLA) has flirted with beating the resistance point @ 820 for the past 72-hours and now is showing signs of having done so, trading @ 822 as of the time of this update. If it trends towards 830 by tomorrow's close, the resistance point could be shattered - signaling both the next leap, and the possible closing of a good sell window on $TSLA investments....
Tesla ($TSLA) double-failed two resistance marks at 820 and 807. The former of these really seems to be a short-term upper limit for $TSLA. Nearly each time it tests @ 820, it proceeds to have a variation of failure: The short on this is not wildly profitable, though absolutely still in play. $TSLA has shown promise enough, absolutely, but the bears seem to be...
Tesla has previously shown major indications of forming its definite range around a true value. The oscillating nature around both a mark of 820/share and now about 807/share is showing two negative signs of resistance to those marks, making $TSLA now a must-short. That is not to say that I expect the bottom to fall out of one of the most promising tech stocks in...
After a lot of HYPE (!) generated this morning and many projecting $TSLA to reach 1k/share within weeks, it seems far more likely it is settling into its "True Value." With bears roaming and hoping to snag it at March-like prices, it is becoming clear that will never happen: Meanwhile, this is also NOT about to shoot another 25 percent within two-weeks as many...
With many bears begging for a dip to March-levels when $TSLA was trading well below 700 per share, that type of return to bargain-basement prices is exceedingly unlikely as TSLA is gaining steam by the day. That said, an upper ceiling of about 820/share seems to be revealing itself, while it seems the trough is likely somewhere in the 750-765 range. The idea...
As earnings near, Tesla breaks out above its 100 day moving average (pink line) and a 3+ year rectangle pattern (blue lines). If earnings beat, diagonal support line 1 could be breached, starting a $95 move upward as forecasted by the rectangle. New support at diagonal line 2 and blue line Y. RSI is still in a bullish upward channel, but let's watch for a...
Earnings beat est and production guidance is very ambitious. After market pop up as high as 235, waiting for tomorrow's open and pre-market action. Waiting for breakthrough or re-test @243 (1st Resistance/Support). Searching for formation, OBV and DMI signaling bearish tendency, but RSI indicates short run upside. TSLA could consolidate in a downward or upward...