TSLA holding daily demand level around $500. With a large demand level below, and a head and shoulders zoomed in on a lower time frame, I’m targeting a price point around $430 to build a small long position.
969 was indeed the high. HUGE move down if caught. Setting up a 13dma test, which if rejects would likely see a new low
been saying 573
Below $668 and we could be heading for lower, possibly 618, and to the yearly $580 support, watching these prices for entry
"SpaceX identified a valve motor on the second stage engine behaving not as expected and determined the safest and most expedient path to launch is to utilize the next second stage in line that was already at the Cape and ready for flight."
Tesla and Virgin Galactic morning chart analysis.
First off, I would like to say that I believe in Tesla and Elon Musk. But this parabolic rally is entirely unsustainable and is fueled by hype similar to cryptocurrency and 2000 Dot Com Bubble. I called the dip to $750 and subsequent bounce to $950. I have been short biased since $958 and will add above $1,000 if we get there. We might have another push up, but...
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Parabola has broken. Making a lower high for now and the $969 high seems too good of a number not to be the top for this POS
NASDAQ:TSLA has been testing the 815 mark for the last few days and strong resistance lines of 750, keeps bouncing back.. Volumes has died down a bit and due to MMs pinning the stock at around 770-800 range in the last 2-3 days, they killed off the options premiums for the weeklies which expired 2/14.. they will have a tougher time containing it for the 2/21,...
TSLA AND SPCE NIGHTLY RECAP WHAT TO LOOK FOR TOMRROW
I have shorted TSLA with a (TSLA Put Option @ $550 Exp. Feb 28th, 2020) I expect the share to move down to $550 to $500 within the next few weeks.
That was perfect call from few traders who sold from 900 9xx.. This will go up again from 660 for for double top formation. This will be good as well as bad year for TESLA as priced hit the record highs but will not keep it for long it will drop top 460. that will be the perfect time to put all your money.
TSLA update. I received a lot of private inquiries, so again I update with the latest analysis. The latest analysis, like other Tesla analyzes, once again worked well. Therefore, I did not change the analytical strategy. Current analysis shows that the fair price of Tesla rose nearly 230USD in two days. Currently 937usd. Of course, the fair value usually decreases...