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
Musk
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 $180-190 region.
Tesla's undereastimated weaponFundamental:
Many investors are overlooking an important aspect of tesla:
The new Tesla Roadster(0-60mph in 1.9 seconds)(620 mi eletric range), which will be realeased approximately in the first quarter of 2020, creates a auspicious offer for every adrenalin junkie that isn't content with the 4.8 seconds from 0-60mph from a Porsche 911 Carrera.
Of course we have to look for the rising procurement costs of teslas battery recourses (cobalt,lithium,nickel,graphite). If those are getting to high tesla could have a slight monetary problem.
I think the demand of the Tesla Roadster is able to compensate their procurement costs.
Technical(see update)
--> If the market is able to stay above the support line of 180$ (Of course the USA-China-trade dispute has to find a end), Musk got one more chance for his really strong Brand-value to remain.
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?
$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.
TSLA Is model 3 what investors are looking for?Is model 3 what investors are looking for? Definitely NO! Investors aren't fed up with Musk and his tweets, neither about his promises or SEC controversy. In fact, smart investors are waiting for revenue, to start being a profitable company, unfortunately, is taking too long. However, model 3 looks nice and cheap for a standard range car, but the narrative isn't about a cheaper car, delivery or whatsoever. People and Industry need a new way of thinking about electric cars. My targets are clear and intact, so I'll wait for the last one which is around 213.10 to reckoning a buying option (just if we see any).
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TSLA Elliott Wave: Incoming Correction, But Long-Term BullishHi Folks, here is a basic Elliott wave of Tesla's rise over the last five years. This is a nice, healthy, and evenly distributed 1-3-5 pattern, and we are currently in the ABC (or ABCDE) corrective wave. Basic structure resistance in the low 200's could be a great buy opportunity for your long-term portfolio to hold and appreciate over the next several years, but watch out for the continuation of the corrective wave over the next 6 months. For all the Musk haters, and people who say TSLA is going the way of the Dodo, that's just foolish. Musk always finds a way to get the job done and surprise critics and doubters. Institutional resistance to change in the traditional automotive market is predictably persistent. It takes decades for technological change to take root and overthrow an entire industry, there are countless historical examples of this, but just remember that 100 years ago or less, petroluem-fueled automobiles were NEW and available only to high society, UNTIL FORD came along and revolutionized mass-production. Still, it took several DECADES for the two-car household to emerge. Are there corollaries in the 20th century that can be applied to the future of this century? Hmmmm.. food for thought.
TSLA Tesla Meme StockTeslacoin all-time channel.
Bottom needs to be revisited at some point (probably sideways).
Mayer Multiple only really went below 0.8 on one occasion in Q1 2016. Buying Tesla with Mayer Multiple at 0.8 was successful on numerous occasions throughout 2011/12, 2015/16 and 2018. However this year has shown weak performance, possible dip incoming.
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 the Tantalizing: SEC Settlement Likely Confirms RangeOn Friday evening, headlines screamed that Tesla (TSLA) CEO Elon Musk had reportedly made a surprisingly bold and extremely risky decision to fight charges of fraud by the Securities Exchange Commission (SEC). On Saturday, it looked like reason and rationality prevailed with an official announcement of a settlement deal issuing a slap on the wrist including a $40M fine (split between Musk and his company), resignation as chair of the TSLA board, two additional board members with no ties to Musk, and no admission or denial of guilt. On Friday, it looked like Musk was willing to take the company down in flames to preserve his ego. Now, it looks like TSLA is ready to rev higher again. This tantalizing volatility sits quite comfortably as of a 21-month trading range that is the stubborn breakout from the previous near 4-year trading range.
After TSLA gapped down on the abrupt resignation of its CFO, I explained why I was finally done betting on TSLA although I was not going to sell into the panic. On Friday, I was of course relieved that I decided to sell those shares into the relief rally. Still, there are short-term trades available on TSLA as it continues to churn through its trading range(s). For example, I am still holding onto my old November 380/420 call spread as an outside bet that TSLA somehow attains the value its CEO thinks the company deserves. Obviously, time is running out on that position.
In the wake of the SEC charges that drove Friday’s gap down and 13.9% loss, I covered a hedged short position and established a fresh set of hedged option plays. I expected more downside pressure with the outside possibility of a rapid decline through a series of gap downs. The settlement news makes the stock much more likely in the short-term to experience a relief rally right back to 50/200DMA resistance. My combination of far out of the money put, put spread, calendar put spread, and calendar call spread now looks overly weighted to the bearish side. Monday’s trading action will likely determine my next adjustments (I still do not want to own shares until after the company executes its next funding round). TSLA is churning and volatile, but its penchant for bouncing away from key resistance points and rebounding off key support levels makes the stock too tantalizing to resist.
The volumes of commentary have also been a fascinating feature of TSLA’s latest drama. The SEC charges and then news that Musk turned down a settlement offer finally motivated pundits like Jim Cramer to come out and unequivocally expound upon the bearish case. Here is a brief clip of Cramer’s longer commentary.
I also enjoyed the frantic reporting and the defense of a staunch TSLA bull who insisted on keeping his focus on the very long-term TSLA story.
And then there was the less frantic and very measured reporting from James (Jim) Stewart of the New York Times. Stewart presented a clear and compelling case for Musk to settle with the SEC (good thing Musk apparently listened to people like Stewart!).
In the SEC, Musk finally met his match. He was forced to back down a bit from his perch and his social media commentary will likely become a lot less colorful going forward. Still, I do not expect a lack of fireworks from Musk to translate to muted action in TSLA’s stock. The TSLA story remains a very divisive one with so many taking strong sides one way or the other. Both positive and negative news headlines should continue to generate strong reactions until TSLA’s future becomes clears up. Perhaps TSLA is no longer “$420 or bust,” but it is still “revolution or bust.”
From SEC Chairman Jay Clayton:
“This matter reaffirms an important principle embodied in our disclosure-based federal securities laws. Specifically, when companies and corporate insiders make statements, they must act responsibly, including endeavoring to ensure the statements are not false or misleading and do not omit information a reasonable investor would consider important in making an investment decision.”
Be careful out there!
Full disclosure: long TSLA put, put spreads, and calendar call spread
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.