Musk
TESLA FIGURE DEVELOPMENTTESLA unicorn stock for many reasons, it is so unexpectedly volatile based on ownership, innovation, speculation, and fanbase. What we can observe on the daily chart is fresh reversed head-and-shoulders technical figure. For that reason, there are 2 resistances and 1 support at the bottom, with very wide ranges. Reading that chart is based purely on technical and volatility expectations, as what we witnessed in the past with TESAL anything is possible and -100 points or +100 points is the dream of the short-term traders.
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Tesla - What's next?Tesla Bulls have partied in January...will the party continue?
A measured move into resistance, is now going to test the resolve of the bulls. Will the bears over power Tesla as the yields spike or will Elon announce a Twitter CEO that pumps the stock?
Tune into to our streams to see how we will trade TSLA.
tsla longs fighting uphill battlebulls are in control of this move but lack the follow through necessary to make a convincing move to the upside look like a change of weekly momentum. weve made a daily bounce that retraced enough to say a lower low is set, but havent made a higher low or confirmed the move with a trip above the last bearflag area/value area high. weve also started forming a topping out proccess 4hr as indices futures fail to climb over a top like 4037 es1!, and this has happened every leg of the way fown for stocks making me think we need to at least revisit the dotted line, and if we break through it id look for the lower horizontal. if we support in the mid range and move higher, especially if indices are breaking out with multiple sectors green, or if we get immediate continuation id still be long.
Who Let The DOGE Out!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
After rejecting the 0.07 support and breaking above the last high in gray, DOGE has been overall bullish trading inside the red rising broadening wedge pattern.
DOGE is currently sitting around the lower red trendline acting as a non-horizontal support.
If we break above the last minor high in red, we will be expect a trend continuation .
Then, we will need to break above the last major high in orange for the bulls to take full control again and push higher till around 0.11 resistance.
Meanwhile, until the buy is activated, DOGE can still trade lower, especially if we break below the red trendline. In this case, we will be looking for new buy setups as we approach the support zone again.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AAPL vs TSLAAAPL (Top)
TSLA (Bottom)
Tesla likely did what AAPL is about to do next this is what i was referring to in my post from last night.
I think it's more than likely something like this plays out this year.
This would also entail nearly the same orderly sort of sell off nearly percentage wise (Obviously mkt cap size will be different)
TSLA may be leading ahead as it's preparing to take over AAPL as the SPY leader 👀
Tesla - What's next?Tesla has been rejected off of the clear resistance trendline in red. This means it likely needs additional consolidation before breaking through; opening up a retrace lower to the next support.
A gap fill play around $113 may be a good accumulation zone pending the relative market strength in the SPY/QQQ.
The negative side for TSLA action today was the fact that the stock was up most in the premarket over 3% and ended up reversing down -2%.
With power towards 90Hi
I hope you have made money from the previous analysis.
Tesla has broken its descending channel and is now moving with more strength towards the 90 support. If the next daily candle closes positively, we expect a rest at the 126 level, and after the rejection from this level, we will move more strongly towards the 90 support.
What are you doing Mr. Musk!?
Tesla Drive Down Stronger Than COVID Crash Levels From 2020 Summary:
Taking a look at Tesla compared to the COVID crash we saw in 2020. We are currently pushing harder down than during the previous crash.
Rainbow Trends Signals:
Machine Learning Reversion Bands - Approximate Same Level
RSI Xs - Much hotter now than in 2020. Pink Xs are the highest level this tool prints.
Pivots - No pivot in sight for 2022 compared 2020, support will be harder to find.
Let us know if you have any questions!
TESLA will go sub $50Intelligent investors are fleeing from the failed ideas of Tesla. As the works realises that environmentally damaging Lithium batteries are not a workable solution to our transport needs.
A string of out of control AI nightmare scenarios including Tesla cars that accelerated out of control hasn’t helped.
Rumours of Elon Musk developing a water splitting ‘Stanley Meyer’ type car appear to be false as Elon has often stated he thinks Edison was a better scientists than Tesla, he flaunts his scientific ignorance for all to see.
Recent speculation that Elon is, in fact, a low iq ‘fop’ spear to have been confirmed, even as he continues to promote a joke ‘dog’ coin crypto over the world’s most popular and successful cryptocurrency, Bitcoin - only cementing the publics opinion of him as a low iq ‘fop’.
Can Mr Musk climb out of the hole he has created?
Probably not.
TESLA - The Storm Won't Last Forever🌈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
📉 TESLA has been overall bearish trading inside the falling red channel, and it is currently retesting the lower red trendline.
Moreover, the zone 55 - 70 is a strong demand zone.
📊 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower red trendline. (acting as non-horizontal support)
📕 As per my trading style:
As TESLA approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Twitter-Apple feud all in Elon’s headTwitter owner and Chief Executive Officer Elon Musk told a Twitter Spaces conversation on Dec. 3 that Apple has fully resumed advertising on the social media platform.
Musk noted that the iPhone and Mac manufacturer is Twitter's largest advertiser. Its return to full advertising on the platform follows a meeting between Musk and Apple CEO Tim Cook, wherein they "resolved the misunderstanding," which could have escalated tensions between the companies to the point where Apple would remove Twitter from its App Store.
Near the end of November, Musk tweeted that Apple has "mostly stopped advertising on Twitter" with a question whether the company hates "free speech in America." Musk also claimed that Apple threatened to remove Twitter from its App Store without an explanation, following it with a Twitter poll asking if Apple should "publish all censorship actions it has taken that affect its customers."
Following his meeting with Cook, Musk said his counterpart was "clear" that Apple never considered removing his company from the App Store.
Twitter's advertising problems beyond Apple
Even before the tensions with Apple, Twitter has been faced with other companies pulling out or reducing ad spending on the platform, particularly following Musk's takeover of the social media company in late October.
Musk's plans to revise Twitter's system of handing out blue check marks for verified account through an $8 monthly payment did not sit well with many companies after initial rollout resulted in a number of impersonation incidents that affected brands on the site. There were also worries regarding the new owner's approach to content moderation and account suspensions, among other issues.
Musk has since paused the verification program, with plans to revive it once concerns with imposters have been resolved. The next phase of the verification system is expected to include color-coded check marks that will distinguish the verified accounts for companies and government officials from those for individuals.
Roughly 90% of Twitter's revenue is generated through advertisements. With big brands including General Motors, General Mills, Mondelez, Volkswagen AG's Audi and Pfizer Inc. deciding to pause their ad spending in recent weeks, it is no wonder Twitter is scrambling to avoid further retreat from happening.
In an effort to retain advertisers, Twitter has ramped up its incentives offering to the point where it will match an at least $500,000 spending increase commitment with a "100% value add", up to a $1 million cap, various media reported, citing an email from the company. It is being pegged as the "biggest advertiser incentive ever" on the social media platform and is valid for advertising that runs before the end of 2022, according to people familiar with the matter.
To alleviate some concerns, Musk had also been reassuring advertisers both publicly and privately that Twitter will remain a safe space for brands. He also encouraged companies to publicly air their concerns about the site by tweeting at him.
Dogecoin’s December trajectory Dogecoin has now made its way through a trend reversal, after its sharp rise and pullback in the back half of October and first half of November. In October, DOGE began a massive rally, gaining over +150% in just five days. About half of these gains have been given up now as some traders booked their profits. In the middle of November, Dogecoin experienced a period of consolidation between 0.0742 and 0.0900 creating a double bottom at the same time, giving the first possible signal that the coin was ready for a trend switch.
The trend reversal was confirmed by the Fisher Transform Indicator on the daily timeframe. A crossover between the indicators signal lines can be witnessed after it created support at 0.07450. Since then, we have seen the price move to the upside, breaking above 0.0900, a previously strong resistance.
Looking at the current price action at the start of the week, DOGE may be in a new area of consolidation and trying to break the resistance at 0.1070. Looking back at the Fisher Transform, we can see that it is again indicating a crossover signal, which may hint that DOGE is posed for an upside breakout. If the price successfully breaks the resistance at 0.1070 and manages to close above the daily chart, the next price target to watch includes 0.1420 if the momentum is strong enough.
Besides the technical side of Dogecoin, it might pay to keep an eye on news emanating from Elon Musk by way of Twitter. Speculation has been rife that Musk will announce that the social media platform that he recently acquired will adopt Dogecoin as some form of payment method. Last week, Musk shared slides from a presentation he gave to the Twitter leadership team detailing his version for ‘Twitter 2.0’. Included in the presentation were slides related to ‘payments’, opening speculation that Musk may be wanting to form some kind of integration with his favourite cryptocurrency.
The Secret Behind TSLA's 8% Jump on 11/23 - just getting startedI noticed the stars aligning on TSLA, and now much that has happened since Elon took over Twitter is starting to make sense.
1) Elon mentioned back in October it was likely TSLA would do a $5-10B buyback
2) Biden's inflation reduction act creates a 1% excise tax on all Stock Buybacks starting 1/1/23. At a $10B buyback, this represents a $100,000,000 unnecessary liability to the company - meaning Tesla is either going to do a buyback before end of year...or never. A $10B leaves the company in a very strong position w/ a Debt Ratio of .27. The benchmark for a strong company is .4 - meaning Tesla could easily buy back anywhere between $10B or as much as $13.5B of stock and stay in a strong position.
3) TSLA's super hyped and long anticipated Semi 1st delivery event is slated for 12/1. These events have typically sent TSLA shares soaring (even the cybertruck debacle)
4) The chart below shows abnormal relative volume by time period. I recognized a similar pattern when Elon was SELLING shares to finance Twitter earlier this month. Tesla's board isn't dumb and w/ Elon as CEO knew this would depress the price and create a buyback opportunity.
5) Tesla is presently flush with cash ($21B) and has easily manageable debt ($3B). A $10B buyback at $170-180/share would equate to 56M shares. Tesla's 3M average daily volume: 74.7M - volume today: 108.2 (45% ABOVE avg volume) - 33.5M excess shares. This likely indicates TSLA bought back around 25-28M shares.
6) TSLA is well in the green this year - yet the don't issue dividends. I'm not 100% certain on this point, but I believe a company purchasing it's own stock can offset profits and reduce it's tax liability. Tesla doesn't issue dividends, so there's no reason to hold the cash reserves to incur the 21% corporate tax rate. Add to this the fact that the stock got crushed the last 2 months - falling from $308 to $168 (45%), and every Tesla share holder is very eager to stop the bleeding. What to do...what to do???
7) Elon's tweets have been a hotbed for moving TSLA, DOGE, and TWTR shares in the past. Since the Twitter takeover, Elon has been mostly mum aside from some very vanilla posts about TSLA - nothing that would dramatically impact the price.
8) Short volume, while not excessive, will add some fuel to the fire as they cover positions.
Tesla will rebound in dramatic fashion the next few weeks as will the broader market. Corporations saw record profits in Q2 of this year, and if my assumptions on buybacks reducing a corporations tax liabilities are correct - the entire market will likely see a very merry santa rally. Even if a corporation is forced to pay tax on stock buy backs that is similar to corporate tax of 21%, delaying beyond 12/31/21 makes zero financial sense for companies in a strong financial position like Tesla.
My very bold prediction: Tesla finishes 2022 in dramatic fashion over $250/share. Closer to $300/share isn't out of the question.
Twitter Goes Bullish (Can It Hit Above $120?)Twitter (TWTR) has been on the headlines lately with Mr. Musks stealing the show...
Is he doing a good job?
Let's ask the chart.
We can see a low hit March 2020.
We have a long-term higher low hit February 2022.
The peak happened February 2021 followed by a year long correction.
After this correction, bullish signals are starting to show up.
First, we have a rejection April/May this year around EMA50.
Another rejection at EMA50 in August followed by only 3 weeks red.
Now, the Twitter (TWTR) stock managed to conquer this level late September early October 2022 and the ball changes hands towards the bulls.
We had a volume breakout three weeks ago after TWTR conquered EMA50, which supports this move as real and strong.
This week is also full green and you see on the news what has been going on.
Based on Fib. projections and the chart structure as a whole; This is the weekly timeframe... Twitter is getting ready to grow.
CHANGE
Short-term a breakdown and close below $44.44 would send a negative signal but the chart would still be leaning bullish.
A break below the down-trendline or the July low would be much worse and the analysis would be invalidated as the bears would gain control.
CONCLUSION
Twitter can move above $100 but we have to see how $68 is handled on the next bullish jump.
Thank you for reading and for your continued support.
Namaste.