The Power of a Momentum MoveNever underestimate the power of a momentum move... either up or down!
Because once the momentum train starts going its very hard to stop it and it will keep going much further than most have anticipated so don't be that trader that try to predict the reversal!
This video explains more!
Tesla
Follow Price and Financial Performance at OnceThis chart shows the price of Tesla and how it has traded (top pane, candles) alongside its market cap (middle pane, blue line) and quarterly revenue (bottom pane, yellow line). Tesla's market cap is now nearly $90 billion. Some investors and traders have observed that's more than the combined market cap of Ford and GM .
This type of analysis can help fundamental investors and traders. It's one way to see if a stock is moving because of increased financial performance or possibly something else. It also opens up a new form of analysis. The TradingView community can combine technicals and fundamentals at the same time.
Creating a chart like this is easy. You can also adjust the size of each pane, the colors of each line, and add or remove different financial metrics as you please. For those who are familiar with TradingView, the financials of a company can be displayed almost like any other chart -- custom line size, line color, and more.
Step 1 - Press the Financials button at the top of your chart (it says Financials and/or shows bars with a "+").
Step 2 - In the drop down, select the financial indicators you want to see on your chart. The categories are Income Statement, Balance Sheet , Cash Flow, and Ratios.
Step 3 - Adjust the settings and display of each chart or line. Double or right click on a line and adjust the settings to fit your needs.
Step 4 - Save and share your chart! Press the publish button located at the top right of your chart. Publish your work so everyone can see it.
We hope you enjoyed this tutorial and chart about Tesla. Press Like and leave a comment if you have any.
On Balance Volume Test #2 - TeslaI have been back testing the On Balance Volume indicator (OBV). So far, so good. I did not publish my first test (Facebook), but will publish from here on.
OBV is basically an accumulation/distribution indicator. When there is divergence, it shows weakening/strengthening markets. If you are unfamiliar with OBV, look it up.
Here is what I found with Tesla:
OBV test 2: TSLA
Tesla started becoming volatile in 2014.
Tesla set a new all-time at #1. Leading up to the 2nd all-time high (#2), notice the OBV flattened out. It was weak on the move up. They soon corrected.
On the 3rd attempt (#3) to reach their all time high (#2), the OBV was trending down.
On the 4th try, the share price could not reach their all time high, but the OBV was showing signs of strengthening. It soon corrected again.
But, on the 5th try to set a new high, the OBV had rebounded quite well from its low and was trending up nicely. The OBV also climbed higher than the OBV from #4 high.
Tesla soon broke out of their long channel and went up substantially from there.
It is my opinion that OBV gave warning signs that Tesla was not ready to break out. The conviction was not there until after the #4 high. Also, notice the OBV up moves were stronger than the OBV down moves... with the exception of the OBV from #1 to #2. But, the move from #1 to #2 was telling you the opposite - it was telling you the down moves were stronger than the up moves, therefore the sustainability of the new all-time high (#2) was not that great.
Lol, I hope you can understand my cluster of lines and numbers on my chart
As I always say... this should NOT be taken as advice. Always do your own research before making any investment decision.
TSLA EVent Tracker : 2019.02.04 0900 ESTTesla announces plan to by $MXWL:
- 5 calendar days after announcing CFO departure
- Amid sales crash
- After 7 straight green closes with $920mm bond payment coming up
There is so much going on behind the scenes in Elon Musk's empire that it is hard to keep track. Here we track the most relevant events and insider moves that impact TSLA shareholds and regulators.
Elon Musk: Apparent pot-smoking, smokes TESLA's share price. Just to be 100% clear, I have not determined what Elon Musk was smoking on the Roe Jogan show. Media sources say it was pot. Video and audio evidence suggests that Musk knew or was led to believe that it was a cigar containing marijuana that about he was about to smoke. It is not clear if this was a prank. He smoked what he was offered.
If it was a prank it was misguided. The point is that markets react to this sort of thing. It's about perception and human psychology - well 'beyond technical analysis'.
There may be a limited opportunity to exploit any probability that the one-hour time frame gap could be be closed. Risky - I'm not in it on the one hourly time frame.
Tesla's move south may have nothing to do with the 'incident'. Overall 'tech' stocks in the USA have been taking a beating. The FANGS have been taking a beating as international trade tensions hit home.
I'm short on APPL - and at no-loss position.