Tesla has produced a head and shoulders pattern. It has not yet broken out of that pattern but today is earning report- so maybe the opportunity is rising to profit tremendously. The volume has been in a decreasing trend ever since the last earnings report, so I accept a large breakout. Also, the coppock curve has been in a decreasing trend line for a while. I...
The stock has completed a short-term head and shoulders pattern. The price is consolidating on a demand zone and preparing for the next move. If the price continues lower, it's going to retest the support area. If the price changes direction, the minimum target is around 387. The informations and the strategies discussed are NOT recommendation to buy, sell or...
I love this chart of TSLA. We broke out of a huge consolidation range between 2013 - 2017, between basically 180 and 300$. After that break out, we rocketed to 400$. Now we're pulling back. This has formed a new range with clear support and resistance levels. That's what we love. Support (former resistance of old range) - around 300 New Resistance (all time...
I have added my second position on Tesla at $351. The first is in at $330. The set up ticks all my boxes. Engulfing bar on double the average daily volume. Stoch and RSI oversold. We have conflicting profit targets from various banks and funds. Goldman believe it is going sub $200, where as Nomura holdings have a PT of $500. As far as I am concerned Tesla are an...
next stop... 200MA then orange support zone...
Fundamentals: Currently Tesla is developing sales on last model ( 3 ) and still working on loss as I read in AR and saw the balance sheet, with Earnings Per Share at levels of $ -4.72 . Good time to LONG something cheap, right before the bulls. Technicals: RSI at it's lowest.
The possibility that Tesla ended its correction at 330 levels is quite high. The move 330-360 looks quite impulsive which could be wave 1 of the new impulse. As long as Tesla remains above 330 the chances of a rally towards 370 levels is quite high, it could be either a wave 3 or wave c of B. Short Term Target 370+ Medium Term Target 450+ Long Term Target 600+
Currently in c wave of 4th wave of the larger 3rd wave. Buy zone - staggered buy between 325 to 310 Minimum Target - 405+ with a lot more upside potential Stop loss for any trade on Tesla is 269
I am not a stock market analyst i am just passionate about tesla so i did this little analyse Would like to hear your views ...
TSLA touching the bottom of the trend at the close today, looking for a sell off or weak open to enter with a $100 or less far SEP22 call for a lotto play, with a price target to the top trendline, or with enough volume a break of that. I've seen gains of 40x or more on options the day of expiration, even if the stock only goes up 1-2%. Well worth the risk, just...
Technical levels for adding on to my current position: buy 1 third of position @333, half a position @299, and a full position @278. Soft targets FIB%1618 = 476$, FIB%2618 = 619$. taking profits on a 3rd of total position and rebuying on rebound from FIB%1618 if SL is reached. Holding rest due to my long term bullisch outlook on TSLA.
The price is bouncing between the bullish trendline and the resistance and it's creating a triangle. Once it breaks one of those levels it may start a new strong trend. The breakout must be confirmed by very high volume to avoid fakeouts and pullbacks. The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They...