On a daily chart, the price action of TSLA is shown to be in a descending channel. An indicator
has been added to show the strength of various symbols as compared with QQQ the broad ETF
tracking the NASDAQ 100. TSLA is doing very poorly but better than FSR and XPEV which are
performing poorly but comparatively okay compared with TSLA. Of the symbols on...
This 1.5X leveraged ETF inverses the price action of TSLA with some amplification.
From the continuance of inflation, to Hertz liquidating 20,000 EVs ( prominent among them is
TSLA) in favor of return to ICEs to the rise of BYD in China and the ever present Musk in the
news like firing Space X employees without due process, TSLA is challenged and...
Tesla Is About To Sink. Get PUTS Ready!!!!
Currently Tesla ( TSLA ) is in a Downward Channel . At the top of the channel I have charted three areas of resistance. On the Chart I've listed them as Weak to Strong. Tesla last low maintained a little over $100, saving its rep of trading in the three digits. I honestly think with the approach of Earnings on April 24th...
TSLA recovered around 100% from the low and now looks set for a correction. Looks interesting to short if breaks 194 level with 140-ish target. Above 230 the bearish scenario is cancelled.
I would split the short size in 3: 1 now, 1 if moves higher and the last when breaks down below 194. If I get only 2/3 of the intended position is also ok.
Tesla $TSLA NASDAQ $NDQ $NDX US100
BUY/LONG ZONE (GREEN): $208.41 - $234.10
DO NOT TRADE/DNT ZONE (WHITE): $187.63 - $208.41
SELL/SHORT ZONE (RED): $113.06 - $187.63
Weekly zone from Mon. May10th, 2021 drawn to Tue. Feb. 21st, 2023.
Multiple touches on zone on weekly chart occurring on weeks of:
Monday May 24, 2021,
Tuesday June 01, 2021,
Monday June 21,...
BULLS made more money, and followers will loose all the money if you don't understand whats going on in the market!
Open your eyes , Get confirmations in 3 steps TRADE accordingly,
Elliott WAVE and FIBONACCI , these TWO simple tools are enough to WIN in trading
All the indicators are turning from strong buys to strong sells. I think this is happening because Tesla went really high, real quickly and now the market is bringing it down to its normal price. The momentum has flew up and now falling down.
