Tesla doesn't care about our bubble evaluations...
As long as it stays above the 50 & 100 Hours EMA, continue longing the shit outta this.
Edit: It suppose to be Hourly EMA on the chart, not Daily, I miss-typed
I'm not bearish but rather quite bullish. However, in the meantime, I believe that buyers will become more nervous as recent gains may bring profit takers to the table.
The RSI is definitely in a over extended area. Viewing the B-Bands we can see that we breached above the upper band, and with my experience usually results in retrace to the middle band as...
1. Double price, acquire additional debt using freshly minted stock as collateral
2. Pump stock to ensure lenders liability of holdings can be mitigated, plus debt repaid at a later date and higher price using additional freshly minted stock.
3. Buyback shares from investors, add to asset inventory, thus increasing total value of assets, and ability to increase...
Time for a Tesla Correction, reasons:
Hit first target (drawn when Tesla was at 280.-)
Weekly Hammer Candle
Followed by a Weekly Doji Candle
TD 9 in Weekly Chart
Buy Zone appx. 450-500$:
Old Channel Resistance
First of all I like to emphasize how extremely happy I am about this rally.
The shorters really had it coming. The incredible amount of arrogance they displayed just had to be punished. And a severe punishment they did receive.
Now of course everyone is thinking that this here has been the top. However, if it would have been the top, the correction would have...
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,...
After a massive upside move, to which people refer as a "Short squeeze", inevitably comes the area of high volatility, where lots of people usually get murdered. At this point, Telsa is deemed to build a lower low. Building higher lows in a form of the retracement to the previous all-time high, luring in the buyers and gathering the liquidity below those lows,...
This is an extremely simple observation:
Every time the monthly stoch RSI went to 100, so full overbought, we saw new alltime highs.
That was already twice the case, and I think it will happen again now.
TSLA is on a brutal run, I by the way also called the bottom back in may, it was pretty clear back then that this was a huge trap for poor...
i mean, I can't not at this point. This is ridiculous. Buying a few March 20 $400 puts on TSLA. rolling the dice here.
Folks, I am buying a SMALL amount of PUTS. Like $1,000 worth. Meaning if this goes against me thats ALL I am losing. I wouldn't dare short it with unlimited loss but I will certainly gamble some puts on it.
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 this is...
Good evening traders. Before I get into this, I know I'm going to get comments below that say how Tesla is revolutionary and has technology ahead of every car company out there, and how great Elon Musk is. This may all be true, but how long will it last? What has changed in 9 months to cause a price change of 180%? This stage is called euphoria and is the most...
Where does it end?? Tesla over $1000? By the end of the day/week?!
Tesla surged over $900 a share this morning. I'm not kidding. You have to look at the price action (see below). It's unbelievable. The stock was under $400 six weeks ago!!
This feels to me like the wild bitcoin days around Thanksgiving 2018. But the thing is, that was a nouveau cryptocurrency...