mazdaki

mazdaki

The regression lines are +/- 3 sigma. The intersections. may be a good transition point where a sharp decline may be expected.

mazdaki

probably not the smartest move but currently at Mean+2 stdev uptrend since initiation of the IPO and with an upside Mean+3 stdev of 106.74. there seems to be a more of a potential to the downside than immediate upside. as stated before will enter long at about $92 support if the earning is inline with estimates. If the earning and projections are below estimates...

mazdaki

The stock was at the cross roads of long and short sellers. MACD is positive on long and short time scale. It just cleared the 244.49 resistance. It may be coming out of the downtrend with strong moves to the upside on wave three. First goal 265.

mazdaki

Nice run up but as noted previously it will be under pressure at this level. The weak holders of the stock that purchased around a $100/share will have a chance to sell to break even and the buyers in the 80's and low 90's get a chance to take some short term profit. my guess is that it will settle around the $92 mark. If the earning are good which I think it...

mazdaki

Either way the Elliot wave uptrend is complete. It will come under pressure here at the 76.4% retracement of the downtrend.

mazdaki

Although we have broken the long term uptrend mark but we are getting a rare opportunity to pick up shares at a price point where both longs and shorts would find attractive: 1. TSLA is at about the 200 Daily day moving average. The last time TSLA was at this moving average there was the fire incidents. As we recall the 200 day moving average was the support...

mazdaki

Elon's dog and pony show did not impress the market but for car buffs it will start to gain traction and result in incremental sales. I think the company will receive a substantial upticks of orders as the result of the new model as this new product sinks in. Now for the charts, TSLA was not able to break above the strong resistance and the hype hurt the...

mazdaki

TSLA - may approach all time high if passes thru resistance Oh well we have reached the downtrend resistance. A summary is provided based on linear regression analysis. If TSLA breaks through the resistance (which is still possible based on the show and tell scheduled for Thursday), we will at least reach the mean of 270 and potentially approach the all time...

mazdaki

Oh well we have reached the downtrend resistance. A summary is provided based on linear regression analysis. If TSLA breaks through the resistance (which is still possible based on the show and tell scheduled for Thursday), we will at least reach the mean of 270 and potentially approach the all time high.

mazdaki

Good support twice at the bottom trendline. Continually breaking upper trend lines and consolidating for a long term bottom support. Wedge narrowing and breakout imminent with confirmation of double bottom. Adding to long position on down days.

mazdaki

At this time Tesla seems to be oversold by all indicators. It is sitting at the bottom of the short term downward trend line (shown in the diagram). I don't think it will reach the Elliot wave target of $213-215. It should reverse and bounce back at least to the upper downward trendline. rays depicting the upward movement are shown. The past ray patterns should...

mazdaki

on the long term weekly chart, it looks like we may be close to the end of the Bull run inTSLA. Is the stock heading back to wave IV position and $175/share or is the current uptrend going to continue until wave I equals wave V with a price target of 330?

mazdaki

TSLA has swiftly moved up from the spring earnings call low of ~180 to it's current all time high (~265); an $85 or ~ 50% move. The quick move and continuous analyst upgrades has been pushing the stock up at the top without a real breakthrough. It is time for it to take a break as it is exhausted; it just formed a shooting star at the second top and we are waiting...

mazdaki

Based on fundamental analysis of the EV business and Tesla's potential share of EV market , I came up with a value of $105/share if all goes well for tesla for the long hall (yes that is a big if). Based on purely, technical analysis, I think Tesla is heading to $150/share for the short term. I am assuming that we will see a BAT formation before the Earning...

mazdaki

Tesla's stock movements is heavily tied to the broader market (Nasdaq/tech stocks). As a momentum play one needs to keep the broader market in mind when trading. The pitch fork tool is an effective tool to use for entry and exit points. in this case, there are two short term plays possible next week. Either continued sharp movement down to lower values, testing...