Hello trader and investors! So, Tesla is doing a pullback today! This is perfectly normal and acceptable and shouldn’t scare anyone here! But when should we start to worry? When a pullback isn’t acceptable anymore? Let’s see about it. Right now, this pullback is very weak, because it didn’t even hit the 21 ema. Also, Tesla has other supports, like the black line...
Too soon to call a top, but It is right in the middle of my previous target (~460 to ~540) for this wave. Expecting a pullback to around ~400 to 340.
Right now, I think Tesla is expected to have some serious dips quite soon. It has been the post-split period and people were getting excited the first few days. However, some people still may be able to make a buy and hold consolidation strategy work for them. Nothing wrong with selling and then rebuying at a safer price or collecting dips before this surges. I'm...
488 to 588 if no LL < 470 otherwise fill gap at 420 and then bounce
To see Tesla retrace these regions would not be surprising, but it would be scary for investors in TESLA. A dip to the first trough would likely trigger a sell-off, and a trace to the bottom trough-point would be disastrous. That said, TSLA has found a lot of support around 485-487 and is currently holding above 490. It is just that these reversals on this...
Not trading advice
BitCoin Cycle can prove it. $5 should not be a problem before 24th Sep
Encouraged by the great feedback we received when we had a look at the most popularly-searched for assets in America – we’ve gone and done the same for the whole world. For the month of July, EURUSD was the most enquired about symbol, taking the top slot in 140 countries worldwide, eight times more popular than its closest rivals Tesla (17) GBPUSD (14) and...
According to Reuters, Tesla wants to raise 5 billion $ with share offerings.
double top - volatility on watch. will be cautious as I take some time to learn the scale for the pullbacks.
Tesla is in pre bull market area as one company. It gained 12% overnight!! And in the premarket, it was at negative 85% because of the stock split, which is I think why Tesla is doing amazing right now. So, at the end of the market day, I recommend you sell a stock because of the high point that it has reached.
Just wanted to post this to show a comparison of 2017 $BTC bubble vs $TSLA today. Tesla makes bitcoin look like a normal rally
Keep in mind - someone much smarter than me said "Markets can stay irrational longer than we can stay solvent" Do you own DD - I've already made couple of wrong calls. I won't say this is a "bubble" because I don't know what defines a bubble but what market is doing is trying to price in action or "future price" earning expectation now. Consumers don't know what...