Orders: SELL 237.75 SL 240.25 TP 211.70
There's an opportunity to have an extension in wave 3 of (3)
Tesla loooked to be heading way lower yesterday, trading all the way down to an intraday low of $221.95, but the buyers swooped in and pushed the stock back up to $226.75 to close the day. Looking at the chart above, yesterday's candle (highlighted in oval) has a long bottom wick, showing us that the bulls refused to let Tesla go lower. We would have loved to...
Looking for a retracement to 207.07 if stock continues lower at the bell
Tesla has been trading in a downward sloping channel for over six months, I will be watching Tesla closely next week for an opportunely to short with shares or Puts.
Current Reisistance @ 217-219 (.618) Look for resistance to test .382 @ 240's
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.
Tesla is difficult to value and the opinions are very strong on both sides of the argument of how TSLA is valued. The valuation is dropping fast, that is for sure. Given how sales have skyrocketed from nearly zero to $3 billion has dropped the PSR from over 20 on a few occasions to under 10 for this year 2015. Tesla is losing money as they invest in their...
Entered at 180 looking to go further long waiting for a pull back 200-205 for further long positions. Enter 200-205 First target- 240 Second target- 260 Stop loss- Below 200 Happy Trading and a Merry Christmas :)
NASDAQ:TSLA Safe Trades;
Now up over 2.00% and has broken the long-term downtrend
Orders: BUY 192,35 SL 190,00 TP 202,35
Needs to close above for bullishness.
Good push today, but need to close above downtrend line before further upside
Tesla is trading in a 180-280 range. My strategy would be to trade the range with a bias toward the upside. There are strong feelings on both sides as to the potential and LT viability of TSLA. I don't have any particular insights. If you do, please share in the comments section.
Still in a downtrend. Needs to break 200 (also 100ema)