TSLA heavily shorted by Michael Burry!SCION ASSET MANAGEMENT, the hedge fund owned by Michael Burry - the man who bet against the housing market in 2008, if you are too young, you know him from "The Big Short", is now heavily betting against TSLA!
He owns puts on Tesla for 35% of his portfolio, with a market value of $731,017,000!
Besides the strong competition that TSLA has now in the EV sector, the U.S. National Transportation Safety Board would open an investigation into a fatal crash earlier this month involving a Tesla vehicle in Florida that led to the deaths of two people.
My first price target is 690, but it can drop even further, to 601usd.
Tslaanalysis
TSLA sell or not? NASDAQ:TSLA
Based on my technical analysis , price is currently in a bullish move.
On july, It recently broke out of the bearish trend line .
After the break it retested and continued bullish
However, as you see, I discoverd bearish crab pattern in the chart.
Considering the 4 cases, I drew the arrows in 4 different colors.
check the circle's price range
As the arrow described, TSLA will be correction and try to breakout resistance zone.
Or it try to breakout without correciton
As guess, 778~821 will be resistance zone
Let us wait and see what happens
Please do your own research before putting your own money into the markets.
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Any feedback and suggestions would help in further improving the analysis
Goodluck :)
TSLA aka TESLA Trading IdeaG'day Guys
It's another week for trading. Today we going to analyse what is going on on Tesla Stocks and make some predictions next direction.
Let's slice analysis in a different perspective which is this gonna be crucial to make sure our predictions reaching an optimum possible result.
Based on the Daily Time-frame perspective, we clearly see the market is exhausted struggling to keep track heading at 785.64 Price tag which is the previous high. Personally, I was able to see that this pair gonna struggling due to a few levels of strong resistance that easily rejecting each uptrend try.
In 4 hour perspective, we are able to see the first obstacle will be 723.67 price tag which has been rejected three times and most likely, this stock gonna build up a sideway zone between 723.67 and 653.92 zone
On the downside, breaking the orange support trendline gonna provide this stock with has a high probability develop a solid downtrend looking for 540.00 prices. From an upside perspective, we gonna see a struggle to keep uptrend momentum to be completed.
The decision is in your hand, once you are able to dance with the market and gain huge profit on this stock.
During this pandemic, offline businesses getting struggle to maintain, yet online businesses such as financial market trading gonna diversify your cash flow to the next level.
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Just DM me
Bearish TSLA Forecast 'Twitter'
I'd say I'm not a fan of microchips or RFID anywhere near the human body, for that matter my sentiment of TSLA becoming bearish will take hold.
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TSLA: An impending 10% up side move?Broke out of a down trendline.
Had a 10+% surge up at end of July.
And price is not consolidating.
Anticipating another 10+% burst up soon. Perhaps a better time to enter is when the 20MA catches up.
Target profit also coincides with a resistance at about $780.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
TSLA long triangle, low volatily, last up leg before top?3 highs and 3 lows triangle, squeezing into a low volatility funnel. Imminent breakout confirmed.
Increase in volume confirmed.
Overall market sentiment - good. SPX at ATH.
Not an ideal RRR, but you can lower the stop and increase your size - personal preference.
Hold open till last target at 1000$. I would say probability around 66%.
TSLA - If Price Makes The News...If price makes the news, and not the other way around - then around August 12th, 2021 seems like the right time to release some company specific breaking news.
In TSLA's case, we have a ~6 month wedge forming that converges on 8/12/21.
Price is currently coiling in a tight range, and will need to resolve itself directionally within 2 weeks.
Look for signs of accumulation and watch what price does at the lows for clues.
TSLA 3/day and weekly Trend ReversalOn the weekly for tesla, we are seeing a trend shift on the trend bricks and all 3 trend meters. This is a good confirmation for an entry on a short position.
We will have a 3-day close also in the red.
I would look for an entry on a weekly close confirmation.
Great long-term potential setup.
TESLA Potential BREAKOUT!Since the major breakout in November of last year, Tesla has been trading in a downward trend. Now we're on the verge of a possible bullish breakout. The price has been forming a triangle structure since the start of this year. As seen in the chart, TSLA has managed to break two resistance levels of the triangle pattern. We even see a re-test of the breakout on July 8th. Price also seems to be gaining momentum with three bullish candles since the re-test as well as a strong gain yesterday.
$TSLA Does it break 700 or break down?It looks like TSLA is going to test resistance in the 689-700 range again today. This area has proven difficult to break before, but with good news yesterday does it have the power to break through? This chart contains some top level targets depending on the direction it chooses. On the 1hr chart, the MACD is showing that we may see increased bearish volume and the stoch rsi is showing to be very oversold. For these reasons i'd edge to the bearish side of things, but we'll need to see how things progress.
TSLA explodes higher into August 2021 with defined targetTSLA has been a trading like fud for the past few months and this was expected after a parabolic move in 2020. The monthly setup shows a high tight monthly darvas setup. The TOSOPTION algorithm on the monthly continues to trade long. If the upper channel of the darvas gets taken out then TSLA moves to 1126 which is our fibonacci 1.272 extension. With earnings around the corner, the price either reaches the target pre earnings run or post earnings. We have opened a series of directional contracts for July 23 800C. A close above 665.59 on July 9 would be ideal for tsla to push higher next week into July 13 and July 14.
TSLA - Gearing up for a massive bull run!-TSLA formed the 135 elliot wave and looks like we're gearing up for the wave 5 which is the next leg up.
-Gap was filled below and bounced perfectly on that .382 fib retracement
-We also have a gap above around 724 - 732 which could be the target
-Waiting for a TTM Squeeze to form on smaller timeframes.
-I'm looking at a month out expiration for options.
TSLA How do you like the scenario of Tesla shares falling -80% ?Looking at the trading chart for TSLA shares, it seems to us that they are being sold.
Also, growth on falling volumes does not inspire confidence.
In the coming days, We would like to see a fall to $550 , then a rebound to the $670 area, where the further future of the price movement will be decided.
Fixing the price above $670 will pave the way for a rise to $1100.
But we are more inclined to assume that the TESLA share price wants to test the strength of the $340-350 zone first.
And after it, can be a scenario of fall down to $170-180 area for the retest. It was from there that the Covid fall of the market began in March 2020, a strong level that would be good to check for strength.