The bears got bored of a ponzi full of bagHODLers being flat and all moved to Tesla :D
So now Elon is saying "Tesla made 0 cars in 2011, but will make around 500k in 2019".
Bluff. He is desperate. Every one will be surprised if he is telling the truth, but last time he had said things that seemed desperate lies, they were just that.
I am not calling to short,...
I believe Tesla is nearing a new breakout. My belief is based on technical patterns, the current narrative, improving fundamentals, and potential inclusion into the indexes.
There's always something going on with this name. It wouldn't be Wall Street's darling otherwise. Options traders can make a living trading this stock alone. Volatility can be vomit...
Tesla ticker symbol: $ TSLA short-term Elliott wave view suggests that the cycle from 12/7/2018 peak is showing incomplete structure favoring more downside still. Down from that peak, the decline is unfolding as an impulse structure with sub-division of 5 waves structure in lesser degree cycles. When a decline to $279.28 low ended wave (1) in a lesser degree 5...
As you can see, most of TSLAs price jumps to either side were accompanied by either an inverted or a classic Head and Shoulders pattern. Currently, after bad news from Mr. Musk himself about cutting jobs and facing a "tough time" for Tesla, the stock is on its way to complete the right shoulder a huge H&S pattern, which might even lead the price below the channel...
As usual, Munro, an auto mechanic and reviewer looked at the pieces that build Tesla's model 3 and compared it to the competition. He shows that Tesla has superior technology but a worse outerbody
We can open buy near $145 - $150
The price can move up to $180 - $185 because:
- Stock rate bounced from a very important level, 50% of the previous UpTrend (Since the 2012 year).
- Low risk and predictable stop Loss.
- Company earnings are growing.
After 75 like, I will write all entry end exit points. And places where is the best set Stop Loss.
Buy after Breakout or Buy on Support Zone 240-250$ and Sell 400$.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Tesla rejected the 1.618 many times and has formed a strong resistance there, I see current support 260-245.
If price comes down more I would be watching 250-220 range around the green trend.
If Tesla makes a new high and breaks above 1.618 I would target the fib levels above, so the 2.0 first.
Fundamentally I love Tesla and Elon, but I don't trade...
Seeing a nice short opportunity for Tesla here.
Elliot waves suggesting a 3rd wave down to the possible C target. Chances for a flat corrective wave B are realistic, but unlikely if looking at Ichimoku, which is still very bearish. If this does however turn out to be a flat corrective wave B, short entry would be at top resistance of the channel.
My first idea,...