Earning period coming up. Look out for possible bounces (bull wedge plus accumulation phase).
250$ is still a strong floor for this stock. It got rejected multiple times.
Tesla is Multi-Millions in Debt or maybe Multi-Billions.
They have a low 4mill right now volume.
against the avg volume of 8,7mill
Shorting is looking good.
GREAT Short SETUP
$TSLA has been in a falling wedge pattern for the past five months which fits within the typical formation length for a falling wedge and we are now near the long-term support level around the $255 area. With earnings coming out tomorrow any good surprise could lead to a strong upwards breakout or breakage of the support line. Recent negative news of a Tesla...
Tesla stock technical analysis:
As you can see from the chart outlined above, Tesla stock seems to be on a very strong support line which used to be a previous resistance.
We're now currently hovering around the support area of $260-ish. Tesla fundamentals also look quite strong as it's operating at a profit, China factory is on the way and its Battery business...
Hope this idea will inspire some of you !
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History had a habit of repeating itself, we see no reason for this earnings report to be any different. The price is at the bottom of a very well respected channel which if it breaks will be a massive short, but wee see a great long opportunity.
Tesla (TSLA) was printing Wyckoff distribution pattern for a while now. Almost 2 years. And it is finally entering its last phase with downward trending Last Points of Supply (LPSY). The break of pink TL on a chart, followed by break of ICE has a very high probability which gives us an opportunity to SHORT Tesla.
This is a long term trade but promising very good...
After taking a look at Tesla shares dynamics, I have found a promising buy setup on the daily chart. The previous uptrend was structured with "clean" 1-5 wave structure, after that we`ve had a difficult correction phase with WXY form. Taking into consideration the AO indicator divergence and BW zone buy signal formed on April 14th it is promising to go long...
It was a good trading opportunity for buying Tesla shares when the price bounced from the support zone. RSI confirmed the price reversal. MACD supported the further upward movement.
The market moved upward, and now it's not far from possible resistance zone formed by lines and level. They are SMA50, the downtrend line and 300.00 resistance level. This zone will...
Bearish pressure is getting weak (decreasing sell volume) . We have a bounce on previous strong support 260 with important volume of transactions .Price formed a gartley pattern ; it may go up ,make a breakout of the falling wedge pattern and continue in order to retest previous higher highs . Potential target 330 ( + 21% from actual price).
TSLA earnings coming up Apr 24th. We are sitting on strong support right now with triple bottom formed on daily chart @255. Will we hold here and move back up to the resistance at @380, or will we break below 255 and move lower?
Filter out the noise. The short percentage of float according to shortsqueeze.com is about 24%. From a weekly POV we can see heavy support on the price chart and RSI chart, and increasing money flow. Buy and hold.
VIEW CHANGES HERE AFTER SYSTEM FAILS.
NOW 90 % PROBABILITY TO REACH THE GREEN ZONE.
SHORT STOP LONG TERM IN THE BLUE ZONE, BUT I DON´T LIKE THIS KIND OF FAILS. SO I WILL TRADE HERE MORE THAN CAREFULLY.
Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage. The Automotive segment includes the design, development, manufacturing, and sales of electric vehicles. The Energy generation and storage segment includes the design, manufacture, installation, and sale or lease of stationary energy storage products and solar energy systems to residential and commercial customers, or sale of electricity generated by its solar energy systems to customers. The Company produces and distributes two fully electric vehicles, the Model S sedan and the Model X sport utility vehicle (SUV). It also offers Model 3, a sedan designed for the mass market. It develops energy storage products for use in homes, commercial facilities and utility sites.
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