We are yet to see if Twitter acquisition has any negative impact on the stock for for the moment is holding well despite after hours drop to near support range.
The Weekly RSI seems aligned for a bounce and break of that massive trendlines structure (ignoring a few outliers or deviations from the mean)
The 228-239 range look like a compelling buffer zone....
Elon Musk's purchase of Twitter may affect the TSLA Tesla amid demand concerns and stiff competition.
In order to to go ahead with $44 billion Twitter deal, Elon Musk most likely will sell more TSLA shares soon.
My price target for now is $209.
Looking forward to read your opinion about it.
Continued Sign of Bearish Trend
-Retracement R3 only reach 0.618 fib of Line C , show much weaker uptrend comparing to the previous retracement R1 & R2 as following:
-R1 retrace more than 0.786fib of Line A
-R2 retrace more than 0.786fib of Line B
- Candle sticks moving below MA 200
- Candle sticks moving below ichimoku
As of now, expect length of double top...
Hello all, and thanks for supporting the channel.
Looking at TSLA on the weekly timeframe we see that the price of TSLA once again is inside a descending/downtrending channel.
We have two previous rejections on top of this channel with over 30% drops, and I believe we can see third 30% drop too.
The long ascending line has a support point at around $240, and...
The price formed a triple top pattern.
How to trade:
- enter short only if /when the price breaks the neckline (support) with the volume increase.
- target and stop loss are shown in the chart
Last daily candle shows that sellers are still in control and more downside is likely.
Macro is bearish overall, nothing changed.
Hello Traders, here is my analysis for Tesla.
Listed on the chart are the Bullish and Bearish signals that I will be watching for.
- At the moment, a trade setup has not formed that I would be interested in, however I am keeping an eye on the price action to see if pattern forms that I can play.
Price is either going to breakout and Bulls will take price...
HOOD price is forming a double top pattern.
How to trade:
- enter short only if / when the price breaks below the neckline
- Volume surge on the breakout point will be a confirmation for a real breakout
- stop loss and target shown in the chart
- Macro remains bearish overall.
- DXY still strong.
- More downside expected in the stock and crypto...
TSLA stock price consolidating and looks like there are some reasonable slowdown of price action prior Earnings report in mid October.
Check out chart to see rising support and resistance at 313. This zone will determine further price action.
I think if Earnings come back negative - price will chop down to lowish levels. Visa versa for positive Earnings -...
Tesla (TSLA) confirmed the Bull Flag from our last analysis one month ago and broke out of it while holding twice the Higher Lows trend-line from the June 16 Low:
The last touch was three days ago and naturally that is giving the stock a short-term (at least) boost. The price completed the 1D MA50/ MA100 Bullish Cross last month but now is ahead of the...
Tesla: By closing the current candle, it breaks the neckline of the double tops and expects the continuation of the decline to the specified levels, as it formed the upper island gap, whose target is the same as its target area.
Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for ARK Innovation ETF (ARKK).
The chart is self-explanatory. I have been providing warnings since December 2021 so I hope you followed along. Included in this chart is the Keltner Channel, recent Death Cross (50 SMA / 200 SMA), RSI, Volume. This is a weekly chart so have...
Hello Traders, here is my analysis for the SPY.
Although this is a quick analysis, it is still an important one.
The SPY is approaching the 200 Weekly moving average.
- In the past 10 years, each time that we have hit the 200 Weekly MA we have had a bounce, except for the "covid crash" when we temporarily dipped below.
- When we factor in the fact that the DXY...
the price go down . after break and consuldation that happened and we will wait to see it will go ..
this is a public opinion and dont trade it if u dont feel like it . please dont trade if u dont know what to do .
Tesla and Elon Musk are always in the news for one reason or another. However, nobody is talking about price action and supply and demand. Price action creates imbalances made of price action and candlestick formations. Tesla’s stock price could drop as far as the $60 price level in the following months. That doesn’t mean that Tesla’s stock price will tank very...