The stock should come out of the wedge and rocket up by a bout 20 points. Not expecting a pull back. Once this starts moving it will be a sharp move upwards. The catalyst is the positive earning release by AMAZON.
It also help to look at the plot upside down. In that case it looks like a break out.
Per Tim West's suggestion, Here are plots of the TSLA and it's inverse (220.69/TSLA). In the inverted form, I suggest one looks as the log of the inverse (if you are interested in linear movements). Based on the technicals which plot looks more convincing for a trade position (Long vs Short). I think a short position is more convincing. I think the stock will...
Or do we buy and sell based on that patterns that we visualize where the technicals lead us in combination with the stock sentiment? Please a take a look at the pattern: We have the resistance dome. by creating an arc over the all time high with a radius equal to the number of days from the beginning of the stock trading until the all time is reached. We have...
As previously noted, the back log on the model S had decreased (see chart @mazdakian on twitter). Tesla initiated incentives to promote sales. Sales price will drop to meet number of units to be sold this year (if needed). Tesla may go to capital markets to raise more money in the near future (or may not) but the uncertainty may put pressure on the stock.
have been buying. Even in worst case there will be a dead cat bounce upto 31-32 area.
If one thinks there is an imminent correction in the Nasdaq Technology and US Automotive Indices, this comparison chart provides an eye opening view of potential effect it may have on TESLA ($TSLA) stock.
If you think there is a correction in Nasdaq and Nasdaq transport is imminent , this comparison provides an eye opening view of potential effect it may have on TESLA stock.
We are all aware of Wall Street's Bull case and various analyst estimates on Tesla. The prediction provided here is the bear case. Not long ago 3D printing was hot and analyst estimates were to the moon but symmetrical rise and drop in the stock price of 3d printing companies is evident now. Could TESLA be next case study where the implementation of the plan is...
But this is Tesla. We are just hit 245 mark and f it does not breakthrough this is surely going down
this is what happens when there are computer trades. closed long once the market bounced and took a short position until the turmoil subsides. We may test the H&S unless some great news comes up. Will use the Heikin Ashi for trend reversal here. on the weekly it appears that there is more room to the downside. what a 100 swing!
I think it will try to stay within the wedge
I added to the position and then we had the dead cat bounce. I have returned back to my previous bear analysis for guidance.
We are at a point where there should be significant resistance but if there is n't any this could run big as shorts will cover.
Closed short position and going long,
The MACD trending and cross overs of the trend may pose an excellent buy and sell signal. We broke the MACD trend to the downside about a three weeks ago. After the drop it rallied up to the trend line and then dropped again. Although a short rally is possible up to the earning release, new short positions may be taken when the MACD touches back up to the previous...