Revision of my previous TSLA chart using elliot wave principles to tighten up the levels. As a TSLA bull it pains me to post this, but a perfect 5 wave impulse has played out. See numbered black annotations in the chart 1. Wave 1 The height range of the first wave is $88. Wave 1 Fib Levels are overlayed for the next point. 2. The main impulse wave 3 This...
Hi Guys, Another great day in the markets using TrendSpotter with nice moves in $TSLA, $NFLX, $ROKU, $NVDA & $SHOP. I follow this setup all the time and stay out background/RSI until I get a reversal. $.50c to $1 is the norm on these moves even on slow days. Selling half at 50c and let the rest ride is the default safe mode. Hope you guys enjoy, Enda
I have been trading in Forex markets since 2007, and this year I decided to leave it only for auto trading. I liked crypto markets in 2017 for the amazing trade opportunities and simple way to make a lot of money. But what is really cool from my point of view - it is stock trading. There are thousands of markets that can provide trade opportunities like crypto...
After longing the bottom of this pitchfork formation, TSLA has put in an impressive 5 wave rally to test the topside of this pitchfork. Alongside this formation, tsla has breached 80 on the RSI again like it did back in November, and is 50% above the 200DMA for the first time since 2017
The 5th wave up now has 61.8% of the 3rd wave up. A nice level to start monitoring for reversal candles. Big fan of Elon; bigger fan of money !
Tesla has moved into a multi-year channel high, this is an interesting place for some things to happen. If you're long TSLA make sure you're watching this zone closely, it could start a bit of a correction here.
Generally optimistic, but Sir trend to relaxing after pumping much. Yes, yes!
Note: All of what I claim below is simply the way I perceive the market. I am not certain nor do I suggest you take my advice without first taking into consideration what I have said. Whatever you do, be critical of what everyone claims. Those who claim certainty in these markets tend to get hurt the most. Observations: Price has been trading within the...
TSLA has been on a tear since June 2019 as short sellers were squeezed and capitulated. The stock cruised through the 387 resistance area, reaching $413, a new peak. Based on projections off its historical moves, the near-term target is in the 420 area, where Musk said he would take it private. Let's see if he will carry out his words. Happy Trading!
Hello Traders, I am looking at Tesla just from a TA chart perspective here. As you can see price is inside a broadening ascending wedge. Price was caught by the monthly 100 MA at the bottom of my wave 4. I am expecting resistance in the area marked with a possible fake out / throw over. The bearish divergence on the monthly RSI doesn't look great.
High risk assets can often reveal a pattern when charted against each other. It is LIKELY that many investors in Bitcoin are also investors in Tesla. These are disruptive. As one asset gains an out performance, Re-balancing will take place.
Huge move from $180 to over $400. People will start to take some profits soon. This coupled with any bad, overall market news will generate a pullback. NFA
That's what happened. Market makers pump up the share price in the premarket or in the after hours, then short it at artificially inflated prices to everybody in the morning. Think of it like an investment. You buy $2 million worth of stock for, let's say $25.00, then sell $20 million worth of stock for $26; then you cover when the price tanks in the...
We've been bullish on TSLA since May 21st and the 180 bottom right when most were calling on a death spiral. As you see on the chart below both 360 and 380 Targets have been hit, making us over +100% return on the stock in a few months: Right now however we are getting some medium term sell signals on the 1W chart that makes us call for caution. First of all...
We can open Sell position if the daily candle will close under the Support/Resistance Zone. - The price is near strong Resistance; - the price rose up more than 2 ATR; - it can be a false breakout an the time. Support this idea with like if u want to see more such ideas in the future. Before to trade my ideas make your own analyze. Write your comments and...
Alex Vieira downgraded Tesla to Buy $395 after calling the best rally ever in the American company. He has been a bull in Tesla since $36 reiterating STRONG BUY at $179 in 2019