TESLA has just formed a clear Wyckoff structure on the 100day SMA and the 38.2 Fibonacci retracement. It looks like a very promising buy here. If it breaks this point, it's likely to continue into the $280s, but if this holds, it will likely make a new high before coming down any further, especially with the promise of the widely promoted Model 3. If this does see...
Pennants have extremely low failure rates. They say patterns with Bulkowski says they work best when they have long flag poles resulting from a sharp change in price. I'm not sure what the lack of a pole signifies. Please leave a comment if you have any information on tight pennants with no poles.
Tesla 1.42% was in a classic bump and run that was confirmed last week. Those of us that saw the warning signals were able to go short early. Tesla's two gaps signaling a reversal were on strong volume and signal a continuation of this new down trend. They should not close easily. A pennant seems to be forming which would be an other strong indication of a...
I need to think about TSLA a bit more, here is my more detail setup. You can read my main reasoning in my previous idea "Tesla this year, basic setup". One think for sure, the company's exciting times just begin and even thou retraces, probably will never be back to those previous levels. Cheers and happy trading
Ouch! Looks like 300 level support may not hold - particularly in this market environment...if it breaks tomorrow, i'm guessing we'll see 250s and maybe even < 200 since I don't see any real strong support til < 190! I really have to learn how to short...!
Tesla, which has a lot of investor interest with big pocketed people, is down 10% in 2 days. Money velocity all time low, so are retail sales. Fed raised rates for the first time in 10 years, and they don't look like they are going to stop.
W1 - Double cycle up now reacting very strong with a bearish move. There is bearish divergence and RSI is in extreme. The least we can expect from this bearish trend is the 250 zone. We can look for pullbacks and short. as long as the last high is holding around 386, D1 - Psychological 300 is the first level to pay close attention to.
This is a good pullback area for Tesla, now I'm looking for price to push back into daily supply around $380 to see how strong that area truly is. This would be more of a swing trade, but I really want to see price move to the upside from here to some degree. NASDAQ:TSLA
NASDAQ:TSLA continous break-outs, so long.
Elon Musk on twitter: "Model 3 passed all regulatory requirements for production two weeks ahead of schedule. Expecting to complete SN1 on Friday" "Handover party for first 30 customer Model 3's on the 28th! Production grows exponentially, so Aug should be 100 cars and Sept above 1500."
The Tesla move is unsustainable. It has completly broken away from the the other autos. The chart is overbought, the company doesn't make any money. Great chance at a short trade.
NASDAQ:TSLA gapped down on Thursday with the broader market. Although it seems to recover the gap at the end of day and Friday morning, it lacked momentum on both sides. The action near end of day, instead, showing evidence of bear edging out the bulls in today's consolidation. When momentum picks up on Monday, a broader market bearish tone would likely push...
With the huge short growth caused by positive earning reports (+67% compared to the year before) and 5% investment stake, the Tesla stock broke all time high. I do expect this April the growth to continue, but it's good to keep in mind that the stock is oscillating usually. So it's quite possible to see a drop, but the stock hasn't found stable levels above 260...
Tesla with loss of $0.78 (higher then expected Wall Street) per share in 2016 is higher then ever before. Big Banks carried it to the point of absurdity. From my point of view SHORT is the best remedy for infectious greed decease Short from 375+ to 275+
TESLA: TSLA Still short waiting for a downtrend to form from here - but in case it doesn't I'm lowering stop to 316.55 for a small 3.5 point gain if it goes wrong from here