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TSLA appears to be in forming of Wave 3 impulse move. Target is 100% or 161.8% Fib extension.
Thumb UP👍 if you like this chart! I took the BITFINEX:BTCUSD candle drop pattern in 2018 and applied it to NASDAQ:TSLA shares. It turned out that exactly the same drop will lead the company's price to its fair valuation in the range of $240-$210. Why this assessment??? The forward P/E is still more than 90!!! Thats incredible in motor vehicles field! And...
I think TSLA was pumped long enough, not much buying power left. @AlbertBergen3
The incoming correction will teach bulls a lesson.
Ticker: $TSLA TSLA been skyrocketing to ALL TIME HIGHS!! Great volatility, and excellent for day trading. Friday formed a daily inside bar/harami. It is evident by the tight price range and low volume. If bears break support 473.70, this confirms that daily consolidation is on its way. (I will be planning to short if this level breaks). If bulls hold or...
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 the market tend to get hurt the most. Observations Notice how price broke below the major...
Real-time 100% accuracy downgraded at $380, Strong Buy since $36 Morgan Stanley downgrade to $10 on the day Tesla was trading at $179 was seen as TERRIFIC INVESTMENT OPPORTUNITY!
On an overall trend, TSLA has been forming lower highs if you extend the view on a weekly chart. The new low at $360 based on the previous high on a larger timeframe suggests another impulse move lower. The pop above $300 was due to the earnings report that managed to beat finally on a positive note which got investors extremely excited. We suspect some more...
ITS THE PERFECT DEFINITION OF "BUY LOW SELL HIGH" TESLA STOCK JUMPED ALOT THESE DAYS BUT A DOWNFALL IS INEVITABLE. THIS TRADE IS BASED ON SPECULATION SO TRADE AT YOUR OWN RISK.
Bulls are rejoicing and shorts are scrambling after $TSLA earnings report.$TSLA delivered a surprise earnings beat and solid Q3 deliveries number. However, the top line tally of $6.3B relied on deferred revenue and was below expectations. It also marked Tesla's first annual sales decline since 2012. JPMorgan is sounding some caution after seeing the initial 20%...
I'm still waiting for an entry sub-200 dollars, but since it might not happen, and there are other opportunities elsewhere, I definitely don't want to miss out accumulating in the low $200 range.
Price got denied heavily from going further for now from around 260 USD and it seems like a logical point for a pullback as well. Hard to believe that we would drop from here but it will be a struggle for sure more near we get to sub 290 USD. Wouldn't be such a surprise to see same kind of nukes next time also.