TSLA potential long opportunitybuy point ~ $355
target ~ $390
stop loss ~ $325
potential gain of approximately 10%
potential loss of approximately 9%
approximately 1:1 risk/reward ratio. this is a high risk, high reward stock as it tends to make quick moves either to the upside or the downside, however, if it does approach the target of $390, it can potentially reward you very quickly far beyond the $390 mark given the model 3 rolls off the lines as planned.
keep in mind, this is still a very risky stock, as if the model 3 delivery is delayed or if there are any widespread defects, the company will lose a lot of its hype and hype is what appears to drive this stock.
catalysts for this stock in the upcoming months:
+earnings reports
+the tesla model 3
Cars
Let The Peak Begin NASDAQ:TSLA is showing its peak today. Will the high seem to continue? Likely it will either stabilize for one day and then crash by the end of the week as investor choose to sell. While the evaluation of the stock is near its 52 week high there is surely some pressure to push down on this stock. Check it out! Would you continue the bull run or will you be part of a bearish fall.
SCTY RIDDING ITS RESISTANCE LINENASDAQ:SCTY is running its resistance line at 27.36. While it does seem to be also following its channel. With both trends in mind I would say SCTY may fall tomorrow, but still follow its resistance line until August 1st. It may start to increase slightly and then fall.
TSLA Is Probably Going To Ride Its Resistance 1 Line NASDAQ:TSLA looks as if it is not following the channel created on June 24th. It looks as if it is going to break this trend and ride its resistance 1 line at 226.17. Which could potentially allow the stock to break above this ceiling into resistance 2 line. Check it out.
MBLY Is Starting To Form A HeadNYSE: MBLY is looking to form a head within the next 3-4 months. This head could form early as today (LOW HEAD), or could form later in the month of September (HIGH HEAD). Check it out.