I do not have an Enron chart to show here... The 2 examples I can think of (they did not go to zero) that provided a great short entry:
I am not sure... Need to study multiple charts...
But I think in this case the right entry should...
From the point of view of technical analysis on the daily time frame,
there is a continuation triangle moving up indicated by an arrow.
Something strong in the range of $ 180-177
when you exit the descending channel and fixing above it, you can say that the trend has reversed.
But against the background of the trade war between the States and China, they can spoil...
Only strength indicator in the green is the position of the weekly close.
Daily price projections on July 10 & 12.
254.20 & 255.65
The range for the coming week appears to be: 233.86 - 267.53
Close on Friday will determine if we go from neutral to Bull or stay Bearish.
First, let's start with a little context. Elon called his shot in 2015, $700 billion by 2025. He's currently 4+ years in and way ahead of schedule ($36.5 billion). I'm not going to bet against a billionaire. Tesla needs 50% YOY increase in revenue and he's maintaining 60% YOY. Obviously there are other factors at play, but that is a positive...
$TSLA has been rebounding for just over a month now, but is facing a pretty heady resistance line. Price action is lagging behind our model a bit, but if price can make it through the resistance we could see a huge rally as everyone who were doubters pile back in.
Chamath Palihatipiyah formulated it perfectly: People who bet against this company are incredibly short sighted. They don't see the bigger picture here.
Tesla is a company like Amazon in the early 2000s.
Tesla is like Bitcoin 8 years ago.
It is one of the companies with the greatest upside potential ever.
The shorters get caught up in all the FUD stories,...
TSLA expected to rise up to 1st resistance at 253.4 where it could potentially react off and drop down to 1st support at 227.80.
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Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit so far. But it would be in rising section tomorrow
S&D strength Trend: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises...
The increase in price from 180 to 240 looks strong. But NASDAQ:TSLA faces a tough challenge now: either we see green candles very fast after the holiday, or it breaks back below the resist between 231-234. In the latter case I short with a risk/reward-ratio of 6.
are you KEEP CALM because it's TESLA? Do you still think the price will fly high and high? Relax, and think again. The strong downtrend on the week chart is just attracting new money into the bear lair.
To confirm my words, I recommend you to open 1W chart and look at EMA lines.
Time Frame : 4H
Resistance ~ $230-240 ($245 max)
Support ~ $200
Enter: ? only if...