SCION ASSET MANAGEMENT, the hedge fund owned by Michael Burry - the man who bet against the housing market in 2008, if you are too young, you know him from "The Big Short", is now heavily betting against TSLA!
He owns puts on Tesla for 35% of his portfolio, with a market value of $731,017,000!
Besides the strong competition that TSLA has now in the EV sector,...
My idea is bearish
Decision price level is 700$ or zone of 685-705$.
When the company could not pay its debts, it issued additional issues and paid off its debts in this way. So it was profitable to keep stock prices at high levels plus squeezing out short sellers. Now operating activities cover all costs, so the capitalization is not very important for the...
Hello trading friends,
US market is open, and tesla looks to break down before the weekend. we will see coming time the signals or this will get acctived. the TA shows a breakdown trend.
Have a great day.
Tesla is approaching a very critical spot. There are several key technicals that all speak in favour of it having topped out in January. If that's the case it automatically means that whatever we're seeing right now is the height of its distribution phase prior to rolling over for some serious price damage.
Let's go through those technical clues, one by one.
Old school technicals
Little Range consolidation here
Expecting upside expansion
Only weakness with this setup is the H1 gap that has been left underneath this consolidation
Too have a higher R can keep stops above it expecting expansion soon
However, if the consolidation low gets deivated, fills that H1 gap, that should be a giga long!...
Hello trading friends,
Tesla looks to enter into breakdown trend since 654 USD and this can take tesla to a breakdown trend below the important R line.
tesla will be into health trend if it hit 674 again, before that trend Tesla is into breakdown trend.
Have good time
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Tesla has lost a lot of volume and clearly moving downwards. There are three Take Profit opportunities highlighted in the chart.
Slowly and surely, the potential energy is dropping and if we follow the laws of conservation of energy, we are kinetic energy taking the price down. The trendlines have been well respected in the past and should be the direction of the...
Did Tesla really reach the low? - the answer is YES! (Probably) as we did a analysis weeks ago providing the 0.66 of the Fibonacci as the low but for the people who think its over you can still daytrade at the VAH or at the top blue line and take a short position since we're still in a "Range"
Today TSLA broke a support level that saw it sell off close to a 6% for the day. On the daily chart, Tesla has printed 2 bearish reversal candles that have indicated strong supply near the 20 and 50 day moving averages. This is further confirmed with the daily candle going under the September 2020 lows anchored VWAP. Interestingly enough, even though the chart is...
We learned in the news today thanks to a 13F filing that Michael Burry of 'Big Short' movie fame placed a huge short postion in Tesla somewhere between Dec 31 and March 31.
Hed did reveal in a tweet that he was short in early December, presumably with a smaller position
"So, @elonmusk, yes, I'm short $TSLA, but some free advice for a good guy ... Seriously, issue...
Inflation + EV Bubble + Bearish TA + Crazy Elon = Extreme Volatility
-If inflation sell-offs keep up, markets will go down and so will Tesla. Bearish sentiment in that sense.
- Market is getting over-saturated with EV startups and good competition. Tesla is like the OG but it ran up too fast and quick due to pumps and speculation.
-Closed below upper support...
I call this a tesla short idea, primarily because that is all this is, an idea. I have been looking at tesla on both a line chart and a bar chart, and have noticed a 5 wave structure that has unfolded.
The count is a full impulse to the upside that has an extended third wave and an extended fifth wave.
Since these are rare, my justification is that the hype...