Tesla nearing topside parallelAfter longing the bottom of this pitchfork formation, TSLA has put in an impressive 5 wave rally to test the topside of this pitchfork.
Alongside this formation, tsla has breached 80 on the RSI again like it did back in November, and is 50% above the 200DMA for the first time since 2017
ELON
TESLA Triangle Formation Tesla has been in downward moving channel for 30 weeks. If Tesla delivers a record number of cars in this quarter, the stock will have significant upside potential. There is also 7 week triangle formation in the making. Triangle can be both continuation and reversal types. I believe if tesla delivers in this quarter, stock will move up. I am planning to invest around 219$ and my initial target is 244$(11%). My stop loss will be 181$(20%).
Tesla! 420 next year?Hi guys, Tesla just came down to long term support and held, and then came up and reject resistance so it looks as if we are in the same range as from 14-16.
We are currently sitting in the middle of the range, I believe that the next big break will set the trend for the next 6-12 months.
Fundamentals:
For Tesla to succeed and see enormous growth they need to achieve full self-driving, I think they are still a few years away.
The second thing is battery production and having access to the largest EV market which is China. This is coming with the gigafactory being built this year.
Overall I am bullish on innovation so I'm bullish on Tesla, this doesn't mean we can't lose support and test lower :).
TESLA REVERSAL - KEY ZONE PROVIDES BULL CASE SCENARIORSI & Stochastic are showing that TSLA is very oversold.
Extremely high support at ~$180 is within reach and is the key area for a reversal.
Long term uptrend line is also within reach and shows confluence with the key support level of $180.
LONG TSLA within the $180-190 region.
Tesla opportunityFollowing the steep decline after breaching below the median line in this pitchfork, the lower slope has already been called up to act as support. Alongside this we have the 78.6% retrace off the feb 2016 lows to all time highs & a potential trend line
On another note, we haven't been this far below the 200 daily moving average since that february low. Currently 30% below it (red bars) and like february we're also at this lower slope... time to turn bullish?
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$TSLA Pump or die $TSLA $TESLA$TSLA
If we don't jump anytime we will fall deep in to the low $200 and maybe even to $150 in next couple weeks.
Earnings result went in the price in the open markt, pre-market it did hold very well like my last post about $TSLA.
A lot of downside energy is being made, pump or die $TSLA.
You can consider short positions if we fail to jump on Friday.
Maximum target could be around $150.
It's crazy if you think that we are at the prices of 2017 back again, and maybe even go to 2016/15 prices. The company did way more innovations than you would think if you see the price.
if tesla survives the upcoming stock correctionSell on the short term on the broken long term trend line, including the possible Q4 market wide correction on trade wars..
A buy of a lifetime anywhere near $120~200 if the company still survives from a lower stock price and do not get drowned by debt.
(At this point, I AM not shorting . It is simply too risky, just keeping a lookout for a buy)
TESLA - Dumping with Musk Stepping Down as Chairman?Elon Musk agreed Saturday to step down as chairman of Tesla and pay a $20 million fine in a deal to settle charges brought this week by the Securities and Exchange Commission. Credit: money.cnn.com
We expect the price to continue falling with the recent news of Elon Musk stepping down as the chairman of Tesla.
We are expecting price hit minimally around the 208 - 242 region with a potential to fall lower towards 178 and even 141 levels.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.