TSLA ROCKET OR #2 YAHOO?TSLA is the most discussed Stock of the year. Its valuation is out of every measure there is. Its overvalued.
And yes people are very protective of this, especially with Tesla.
But its the truth.
I don't think it will crash, but in the future, not specifically at S&P 500 index inclusion, the money will shift.
So far TSLA doesn't have any proper competitors that currently would be equal or better than TSLA. But when it happens, people will shift the money to other stocks. Because in my mind TSLA valuation is not Tesla's, but the EV's + Solar + Battery + Insurance + Self Driving valuation in total that is just currently alocated to the best spot there is: TSLA. That money will belong to some competitors in the future.
Not saying China will crush USA, although I can't deny its growing power. The agreements and steps the new president will make will impact the whole decade.
A 20% China Securities / 60% US Securities / 20% Crypto is one of my favorite portfolio allocations for a larger portfolio.
Tslaanalysis
Exit the uptrendDescription
It has been on an uptrend for about 14 months. In fact, after March 2020, when prices moved away from their real value, most markets started an uptrend, but apparently this uptrend has continued so long that it is no longer organic.
The uptrend line that has been around for a long time is broken and there is a support that will probably prevent a re-fall for a while, and a downtrend line is observed that is relatively strong.
But what is the current trend ??
When we get out of the uptrend, we either have to wait for a downtrend or the market will suffer for a while. Side resistance and if the downtrend line overcomes support We should expect a downward channel.
TSLA - Elliott Wave Analysis - CorrectionHi All,
I'm a long term Tesla Bull, but bearish short term, the price action suggest short term bearish price action.
Reasons
- No Catalyst until July Delivery Numbers
- No S/X Deliveries yet
- Nasdaq still in correction mode and has a room to come down, pressure on tech/growth stocks.
- Elon's tweets about FSD subscription(impacts financials) and FSD V9 release dates(impacts no financials on short term, helps perception which is good) are still in the air with no factual date of release.
- Elon's sudden move on BTC adoption, then again sudden reaction on it's rejection, creates only confusion and markets don't like it, but this will have only short term ~1 day impact on trading.
PS: This is just my opinion based on price action and macro level economics. Please be careful picking your trades.
What kind of market correction could we expect?In this comparison between the #NASDAQ $NAS100 and $TSLA we could see some Bearish Momentum in the months ahead.
Look for Signs of Distribution
P.S. Let me know what markets you like to look at!
TESLA IdeaG'day Guys
Today we start our analysis on Tesla.
Overall, Tesla break Uptrend rally and possible changing directions. In Daily time-frame perspective, previous rally was broken and now price was retest the Demand Zone.
What we can expect today is, price bouncing up to create solid break out. If this happen, high possibility Tesla Heading on deep downtrend.
For now, Am expecting price retest previous breakout area.
Let's see what happen next. Cheers
TSLA S3XY WEEKLY SETUP Last Trigger was a WINNERTSLA on the daily time frame is still consolidating and most likely building a base to move higher or lower. In the past, S3XY algorithm, which is a back-tested algorithm using 11 years of data, has produced some amazing results and gains, especially when two major time-frames are consolidating and trading within a price range +/-20. At the time of this writing, May 4, 2021, the S3XY algorithm is currently signaling SELL SHORT position, which as provided some profitable trades for time-frames lower than 30 mins. However, on the weekly time-frame, the S3XY algorithm is still neutral and both the daily and weekly are scanning or squeezing. The last time TSLA daily and weekly charts displayed a scanning/ squeezing position, TSLA moved from $167 to $896. We expect this to repeat again with Fibonacci projection targets near the psych level $1000 and above. This would require a firm breakout above 877. Our plan is to wait for the daily to at least trigger a BUY and then begin entering long term positions in the Sept and October expiration dates- monthlies in particular. For additional confirmation, it would require the Weekly signal to also trigger a BUY. If these two time-frames end up triggering BUY levels concurrently, then there is a high likelihood that the price action in 2020 will repeat itself and propel the TSLA share price well above $1019 and possibly toward $1724. At this moment, we will assume short term target is $1019 and any additional news that may drive the share price higher will encourage prices to move to the next fib targets as shown in the chart.
Enjoy
TSLA at pivot point for move upTSLA has the ability to test up to $718-$720 within the next week.
If it can hold demand above the $701-$704 range after a test of those levels, the next price targets in the above range start at $729.40 with a high range of $749.30
Topside supply of this move comes in the ranges between $760 and $780.
A break of this upper supply range gives TSLA the ability to retest the red-trendline gap resistance. The price target for this move would depend on when TSLA is able to find a lack of supply below $780.
The drawn arrowed lines indicate an important trend progression for TSLA in deciding whether it will be able to test the above range.
A break below the drawn tan downtrend line will likely see TSLA retest the lower light-blue trendline support.
$TSLA - charting stonks stinks, make it 24/7A good place to bid some TSLA may well be this ascending trendline that has confluence with the golden pocket of previous up leg
Could treat it as a swing with stops below 619 and TP's around 815
Might make this trade on a crypto exchange to try the tokenised stonks out
I hate charting the gaps. Bankers need to control the open and close so they can manipulate when they are awake!
TSLA LONG Up Until EarningsTesla 4hr aggregation period with AH ON has produced clean trends that are easy to identify especially with the Heiken Ashi Candle. The s3xy algorithm, which is specifically back-tested on a 30 min aggregation period AH OFF, is currently LONG; however, on the daily period the algorithm is still in a SELL SHORT position. Moreover, the daily candle closed higher than the previous high which is unusual price action as we expect the bearish price action to trade lower. Trading above the 6 day ma, we can conclude the bullish trend in TSLA is once again intact and may produce an explosive move April 22 which will force the algorithm on the daily to transition from SELL SHORT to Neutral or Brute Force the signal straight to a LONG position on the daily. If Brute force happens, then this can result in an explosive move higher which we believe can be greater than 5 to 8% within 3 days taking out the 780 and quickly moving toward the psyche tgt 800.
TSLA Sling Shot?The PE of Tesla worries tha hell off my guts, but as a trader my greedy side tells me there's still a bit of money to be made. MACD looking like it still has some leg to go up, Stoch RSI Bullish but Overbought, bullish symmetrical triangle... this consolidation in this symmetrical triangle is my bullish bias looks like it's preparing to blow that resistance trendline, now let's look from a bearish perspective, TESLA has the highest PE in history :D, ABC correction in play? Earnings will be announced on the 5th of May 2021 (ok ok this is not a bearish sign itself but none the less...) RSI almost hitting resistance area (however this can be broken thru) Stoch RSI Bullish but on the overbought area I'm not in a position in TESLA at the moment but will Long if symmetrical triangle breaks to the upside.
This my opinion and mine alone don't take it as an investment advice, i'm not a financial adviser!!!
TESLA Journey to Double Top?G'day Guys
Here we go for today analysis for TESLA. As projected previously, this pair heading north.
In weekly perspective, this pair look like on the journey creating Double Top. A lot things happen recently with Tesla which is, push the price go higher.
Yet we already see this happen what a next move on the pair.
Let's see what happen next on this pair.
Cheers
UPDATE on the MOTHER OF ALL WEDGES (TESLA)What I'd like to see now:
-The fill of the gap at 775
-A retrace to the broken consolidation area
-The fill of the gap formed today at 700
Here is where I will add more shares to my Tesla position (trying to make Tesla 65% of my portfolio from 60%)
-And then a continuation to A: break the wedge and go back to 800+. Or B: Consolidate between 720-780 range waiting for Q2-3 catalysts.
What do you guys think?
My portfolio was really happy with TSLA, PLTR and BTC today
TSLA - Breaking out & set to jump - $765-785 by week's endChart is pretty self explanatory and simple to understand which means tons of other traders recognize the opportunity as well. Expect investors to start piling on to TSLA again in the very near term with next pullback in the 760s. Short of that double bottom upward trend line breaking - it's all systems go on Tesla