ELON
Tesla Hello!! Tesla again a very great company which will be emerging in the coming years as it is the company producing the amazing electric cars. and now it has given a doji pattern so an upmove can be seen in my view...... and in long term it will remain in uptrend in my view, but still market is supreme lets see what will happen next. #MY_VIEW #LEARNER
Expanding On My Last Idea: I LOVE EVERYTHING ABOUT SPCEJust expanding on what I just said. I love the idea of this company and like Tesla, it could be the first of it's kind. 10 years ago people laughed at Tesla, now they're singing a different tune as Tesla is the most valuable car manufacturer in the world. Mark my words... 20 years ago it was the internet boom, right now and the last 10 years it's the tech boom, 4G/5G, streaming.... the next 10-20 years will be a space industry boom. I want to be in at only $20 a share.
-Aaron
ridethepig | Tesla Island Reversal!📍 In the realm of Tesla, patience is sustained courage although the struggle for valuation is evident. The overstretched manoeuvre is identical to the struggle which we traded earlier in the year.
It is obvious for any of those that have studied the Tesla supply chain that outlooks and expectations at current valuations are unrealistic. What is surprising, is to see how the economy is coughing badly via covid, both corporates and consumers are becoming increasingly defensive in capital allocation...yet markets are pricing a mass adoption of overpriced cars.
With that recognition behind us, let us look at the deliveries for Q220 :
Model S/X 10,600
Model 3/Y 80,050
Total 90,650
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"While our main factory in Fremont was shut down for much of the quarter, we have successfully ramped production back to prior levels."
"Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q2 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles."
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📌 This press release demonstrates how and where you can advance on expectations that are skewed the wrong way, and how complacency should be punished.
=> The lust for Tesla bulls is to expand above $1,000 ... that leaves them with another +/- 300k deliveries needed for Q3 and Q4 to keep things fundamentally interesting for the game.
=> With a second wave now a done-deal, risk is threatening to storm the battlefield. The previous Tesla crash which we traded live had sufficient preparation, here we have a long weekend and theoretically a delay in virus numbers till Tuesday of next week. Sellers can plan the attack and what makes the flows fundamentally interesting is that operations and valuations are based on no competition.
=> This powerful flow which is starting at $1,200 can be considered the starting point of the waterfall. A bold call that can be protected with stops above $1,500 while looking for another visit of the $425 fair value target.
As usual thanks for keeping the feedback coming 👍 or 👎 ... let's see if we get another home run!
TSLA — Continuation or Regular correction. Be ready!Hello!
Current market shows possible continuation up to 950 zone. But you have to be ready for everything, so you may want to set few orders to buy next month in zone of 560-670.
If you have TSLA shares, you can hold them up to 950 or even more, cause the market seems to be bullish and tech-companies will survive ;)
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EVERYONE IS BEARISH & 90% WILL LOSE MONEY (Elon Musk - tesla) Everyone is shorting tesla when we just started a parabolic run!
Human psychology 101 fight the trend... this is clearly bullish and everyone is bearish
New paradigm is incoming!
The first sell-off just happened
Not much more to say here other than I am loading more USD from my bank to buy more Tesla :)
Stay profitable
TESLA (elliot wave update)Looking at past market corrections, 2020 is a new beast. There is absolutely nothing in history that had us crash this fast and this hard.
This leads me to believe that a bounce up should be higher. In my last TESLA update i did post this as secondary count.
I feel the SP500 index needs to go higher prior to retest of the lows, just looking at certain indicators like MACD and RSI things look too proportional, yes im expecting lower prices but it wouldn't make sense to have them right now. I still feel we are in heavily oversold conditions from the March drop. Major stocks of course will follow. The 2008 correction or the flash crash of 87' dont even compare to this, the great depression doesnt either. Yes it went down further, but over years, no correction in history dropped this far this quick.
What I feel is a probable count is a larger more complex correction. I still see lower prices in 2020, just not right now. A mini bull market? perhaps.
Not a financial advice, just my analysis.
Cheers,
TESLA (elliot wave update)Updated count of TSLA.
Tesla's correction should have been complete at the $650 range and .382 fib retracement but market panic elongated the correction.
So we have a failed impulse wave 1, which per elliot now becomes a wave X After an X wave we are looking for an impulse Y wave down consisting of 5 sub waves. Judging by the 30 min chart we seem to have completed 4 of 5 of the Y. The most logical bottom is now at the .618 fib level. So my best probability would place the bottom of the correction at $460-$510 range. On lower time frames I am seeing bullish divergences on MacD as well as RSI. If this move plays out, and if i was to look for a long, the Y low would be my stop loss as price should not go below it, if it does the whole count would have to change. Keep in mind panic in the market can change counts at any time. But this count is what elliot waves try to point at. This would be a fairly deep retracement for a wave 4 which i dont like in a WXY correction, however it does not violate the Elliot Rules, wave 4 is no where close to wave 1 interaction so we are well within elliot count looking for a potential wave 5 and finish of TSLA's bull run and new all time highs.
As always, not a financial advice, for your own good always protect yourself with a stop loss.
Cheers,
Spce is going for a crash landing?Our last TA on SPCE was pretty acurate we got a bounce just above our target with just .20cents off. I'm always a follower of trading range lines or highs lows in predicting pull backs. As of now at closing we are at $26.50 with the low of $25.71, which is marketed on this graph since aftermarket price movement isn't shown due to low volume, yet we all know SPCE has bubblish volume. As of now we can hold off on SPCE until we get bullish movement, but what caused this drop?
1. SPCE was in a microbubble with Bullshit expectations.
2. The EPS was off by a Shit load and anyone could have seen this coming, besides the people getting behind the hype.
3. Corona ingeneral has had affect on the market after it spread to Europe and recently theres a case in California.
What's next for SPCE? well its the market bubble graph and as of now we could say we are in Anxiety since the bounce was Complacency. We could honestly see a sub $10 SPCE with we knowing SPCE won't beable to make any money even raising the price will just hurt the company itself. They need development like SpaceX with inovation on its Rockets. SpaceX has reuseable rockets.
Next target is our trading range of $19.06-$24.25. You can see past TA which hasn't change
TESLA: THE BIG SHORTFirst off, I would like to say that I believe in Tesla and Elon Musk. But this parabolic rally is entirely unsustainable and is fueled by hype similar to cryptocurrency and 2000 Dot Com Bubble.
I called the dip to $750 and subsequent bounce to $950. I have been short biased since $958 and will add above $1,000 if we get there. We might have another push up, but in my view anything up here is an obvious short. I will link proof of my older call below.
Most TSLA bulls got rekt by shorting too early, while I was waiting for a blowoff and bounce (lower high) for this trade to fully develop.
For the Tesla bulltards, this is not a day trade. This is a multi-month or year macro swing trade and I will be hedging on strong bounces. It will not be a straight drop down by any means. But what goes up, must come down. I am primarily technical trader, but with the Cornonavirus debacle and the global slowdown starting, these events add confluence to my bearish view on Tesla.
Long term, I think Tesla can succeed so long as they can remain capital efficient. But for an asset to be properly price, it needs to not be in the midst of a massive hype cycle.
In short, Tesla to $601, $511, and ideally the ~$400 range. If this is a true parabolic invalidation, then an 80% decline puts us at a target of roughly $170-$200. That is not my primary count, but I consider it as a viable possibility if a recession begins within the next 18 months.
Until then, this is a game of patience and shorting every bounce or move higher above $1,000 while hedging long on dips.
If this trade is accurate, it will likely be one of the biggest trades of the decade among major companies. For now, we wait. The Big Short.
BUY THE TESLA DIP TO $900
For those of you who don't know, I shorted Tesla at $950 and am holding it for a swing trade. I'm currently ~30% in profit in a few days.
However, this looks primed to go up and fill the gap above at $900. At this point, it is too soon to tell if we go higher than $900 (green line) and make new highs but I want to be hedged against my position in case we blast off.
The plan:
- Shorted $TSLA at $950
- Long $750 (hedge)
- Take 50% profit at $900
- Let the rest ride until rejection
I've always stated I don't rule out the possibility of Tesla at $1,000+ in the short term. But I will be adding short anywhere above $1,000 and holding it for a long term trade. For now, buy the dip!
For those of you don't follow me on social media and missed my original short call, check it out below!
Tesla: Second expansion phase. Upside potential $1,200 - $1,270.We are looking more deeply into Tesla's technical potential after its very aggressive (and continuous) rise since October. We were among the first to enter this rise early at 205.50 posting that trade back in May 2019:
Needless to say we didn't expect it to rise that strongly on such a short period of time. This is a parabolic move on the 1W chart which turned even this very long term time frame overbought (RSI = 89.001, ADX = 75.689, MACD = 75.910).
In our attempt to find pointers and a comparision framework to move into projections of the future price movement we went back to 2013 during TSLA's first expansion phase. See how similar the two parabolic sequences are. Both were preceded by 850 - 900 days of accumulation with a clear Resistance level (illustrated by the orange zone) and when this level broke, the parabolic rise started.
Based on the above comparison, if the principles stay the same on the current parabola (so far the same parameters are followed), we see no reason why Tesla can't repeat and complete a full +630% rise. Our Target Zone is 1,200 - 1,270.
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