TSLA Breakout in progress targeting wave (5) upside target at 809. Look to book partial profits if 809 level is reached. We’re rallying in same degree wave 5 within the highlighted range.
There is a bearish divergence between the price and RSI (as well as Stochastic, not on the chart). MACD has been in overbought territory for quite sometime now. This doesn't mean the price has to go down but since there are a few indicators pointing to a move down as well as the fact the price is now at the top of the channel, I would not be surprised if TESLA...
Chart speaks for itself...If gap lasts to 9:30, we fill. Key Levels listed on chart. South of $715 is stop loss and trade is a bust.
Picking up some calls shortly after open. Will double the position once we see a hard bottom.
#TSLA have repeatedly crushed "bears" in the past.
The last driver for growth was inclusion of the company in the SP500 index and subsequent purchases of the stock by index funds.
It happened on 21 December 2020 and it seems now the time to pause this growth story.
Make sense to short with $445 target and Stop at $705 which gives some 3:1 reward/risk ratio.
There is no doubt about the value of Tesla as a company. The proven value they provide is obvious: reducing EV manufacturing cost, making the best energy storage, launching self-driving, Tesla insurance, and more to come. However, regardless of fundamentals, this is a technical analysis that only considers the chart. That is generally my style. Today's green...
Hi fellows, just one of my today daytrades:
------------------------Trade setup ---------------------------
Entry: 666.56
Stop Loss: 672.3
Profit target: 652
Time stop: Exit at market close
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If you like the idea, do not forget to support with a like and follow for more trading opportunities.
According to my analysis I believe Tesla will test resistance #1 @ $665.98 then break above with a new candle closure. (Wait for confirmation) Then it may test resistance #2 @ $679 and break above.
In my opinion I believe Tesla will continue to rise especially with the “Talk” of Apple Partnering with them.
What do you think? Leave a comment below.
TLDR:Stocks are massively overvalued, thanks to Central Banks, but things can go on like that for quite some time.
Hello, Traders!
This is the post that is aimed to bring to your attention, That TESLA , a car company, will be added to the S&P500 Index on Monday 21st of December 2020
Stock market cap exceeded 621 Billion Dollars !
Yet, I am not calling...
As announce today and based on the dilution decision of the Tesla to sell some of its shares of its company for 5 billion $ value what is the meaning of that for stock holders?
As Tesla is investing in Berlin and Texas for new factory lines and consecutively higher production rates, this 5 billion dollar absorption of Finance has a clear asset value and debt...
