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.
Tslaforecast
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.
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 - BREAKOUT JUST BEFORE EARNINGSMultiple indicators pointing to a big breakout just before earnings for Tesla this coming Monday. Dogecoin has distracted a lot of investors in the news lately, but is losing steam. Tesla will undoubtedly smash earnings estimates - the question is by how much. Tesla started off today with a big gap up that was filled shortly thereafter, and was weighed down by S&P headwinds with the overall market down on the day. Aside from the Chauvin circus coming to a close and the potential ramifications it could have, expect the S&P and Tesla to finish the week strong in preparation for next weeks earnings.
This weeks target: $755-$772
Expect moderate resistance at the $745 level, but short of the market at large weighing on tesla if other earnings reports come up short, expect Tesla to continue trending upwards with a price north of $800 by earnings day not out of the question.
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!!!
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
Elliott Wave Theory - TSLA Correction Not OverBased on my analysis using Elliott Wave Theory on multiple timeframes in $TSLA I'm fairly certain that the recent drop from $900.40 to $539.49 is not the end of the correction but just wave A of an A-B-C corrective pattern.
I expect the price to recover a bit and reach the area around $760 - which would then indicate the end of wave B - followed by a drop into the highlighted range to complete wave C of the correction.
Personally, based on my bullish sentiment on $TSLA I don't think we'll see the bottom of that predicted area at $330 but wouldn't be surprised if the price falls as low as $400 before we continue the bullish trend and move on towards $1,400.
I initially shared that opinion 20 days ago on my eToro profile with the username "RauchenwaldC" and closed my $TSLA positions back then.
For anyone wondering, I do not short stock ever, so closing my positions, for now, to use the money in other stocks instead is as far as this affects my portfolio.
The mother of all wedges, TSLA to MARSTesla has been repeatedly moving with the same pattern, the wedge.
Now, a massive wedge is forming, meaning a massive move is coming.
Tesla's future is bright, I'll definitely be adding in this consolidation area.
What do you guys think about Tesla's future?
Because for me I am extremely bullish!
TSLA (TESLA) LONG TO $900.00 (update)New Set Up
Title: Buy BUY TSLA ( Tesla )
Asset: Stock
Platform: Robinhood/WeBull/Etrade/ MT4
Symbol: TSLA
Type: Buy Market Execution / Buy Limit
Time Frame: 1D
Entry Price 1: $645.00 ACTIVE ✅
Entry Price 2: $625.00 (PENDING)
Stop Loss: $595.00 (500 Pips)
Take Profit 1: $695.00 (500 pips)
Take Profit 2: $745.00 (1000 pips)
Take Profit 3: $795.00 (1500 pips)
Take Profit 4: $845.00 (2000 pips)
Status: 🏃🏽♂️Active🏃🏽♂️
Old Set Up
Title: Buy BUY TSLA ( Tesla )
Asset: Stock
Platform: Robinhood/WeBull/Etrade/ MT4
Symbol: TSLA
Type: Buy Market Execution / Buy Limit
Time Frame: 1D
Entry Price 1: $600.00 ACTIVE ✅
Entry Price 2: $575.00 (PENDING)
Stop Loss: $500.00 (1000 Pips)
Take Profit 1: $700.00 (1000 pips)
Take Profit 2: $800.00 (2000 pips)
Take Profit 3: $900.00 (3000 pips)
Take Profit 4: $1000.00 (4000 pips)
Status: 🏃🏽♂️Active🏃🏽♂️