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Teslasell

Strong Sell Signal On Tesla For Swing TradingI analyze on daily and weekly chart. Here are the list of indicators that Tesla is going down: 1. 100 SMA and 25 SMA crossover on weekly timeframe. SMA crossover is the first indicator I look for because it is the first indicator to show up. 2. Support line is being break by today's candle from the consolidation in the past month and the support from past few months. You can see my support line in color white in my chart. 3. -DI is above the ADX and the +DI is below the ADX which means it is very bearish. The slope of the ADX also counts. The higher the slope, the stronger the signal. I'm currently looking for 130-150 for possible support. My first signal to close the position is when the -DI goes under the ADX but I will still wait for further indicators of reversal before taking profit.
NASDAQ:TSLAShort
by UnknownUnicorn13326052
TSLA - Not FOMOing in any time soon!TSLA looking hella toppy right now. Has not passed it's former high @ roughly $950 RSI approaching overbought territory. This is a stock that is realistically attracting investors who are driven by profit and you can see the sell-offs causing massive price fluctuations of over 50%, therefore better to be careful considering the current market conditions. No reason to be bullish at all unless we get to our all-time high again in which I would say is not likely at this moment. I would expect traders to be even more driven by profit-taking considering the amount of blood and volatility in the market right now. This is a very popular stock at the moment and I would rather have a buy the dip approach. Tremendous opportunity in TSLA considering the large swings. I could see much cheaper prices ahead of us as people continue to take profits at this range. We could go as high as $820 and I still wouldnt change my sentiment. If we close daily candle bodies above the $820 I would only then reconsider my strategy.
NASDAQ:TSLA
by thiluxan_s
Tesla (TSLA) - Opportunity to SELLHey everyone, here's the analysis on Tesla. Please give us a LIKE and leave a comment on ideas you would like to see next! Summary: As illustrated by the yellow dotted lines, price can rally higher to our R1 zone between 641.35 - 668.00 before dropping to our S1 zone between 502.00 - 524.00. Action: Sell Limit: 668.00 Stop Loss: 735.00 Take Profit: 524.00 Risk to Reward: 2.15 Analysis: R1 is a key resistance zone on the weekly chart and a breakout zone where price saw a strong drop from. Given that current price is near the R1 zone, it could make a further push up to the R1 zone before a drop to our S1 zone. S1 is also a key support zone on the daily chart, hence, we will not play a move beyond that. Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
NASDAQ:TSLAShort
by TradingBean