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TSLA at the edge of it's seat!TSLA's price has spent the last week whiting a range between 817-942. The break of 817 on Friday came as the bulls exhausted gave way to Bears and rumors of War. TSLA began its upward rally on Monday and pushed forward above the 915 resistance/support. Will TSLA have enough to break the 950 resistance? And even then it should not be considered completely Bullish until it claims the 980 mark. The Bears might pile on the price if the see a clear rejection at 950 and if so they might be encouraged by the gap left behind on Tuesday premarket form 873-891. One thing is for sure as long as TSLA continues to trade sideways above 950 the Bulls can give themselves a brief pat in the back, below 950 the Bears remain in control with an opportunity to hold the position for sometime.
NASDAQ:TSLA
by JP_Tru
$TSLA — Gap Fill Role Reversal ResistanceTesla has been sitting under a very strong role reversal gap fill resistance area for quite some time now. We keep seeing this negative divergence between price action and volume as well. I think the likelihood of a breakout above the area is slim because of my views on the broader market. Options traders should give themselves time with this one and roll your stops down as the market slips. Nobody is talking about the 800,000 vehicles they have to recall... I don't want my idea to get flagged so just google "CNN 800,000 TESLA CARS RECALLED"
NASDAQ:TSLAShort
by OptionsAddicts
4
Tesla Major Bubble?Tesla has absolutely exploded in value especially since March 2020, which we believe was the beginning of a massive equity bubble. Tesla began trading around $40-80 range for over 6-years. The vehicles they produce now, they produced in 2017. The Tesla Battery and Tesla Solar Roof were all known back then as they are now. Tesla has not announced anything that should put their stock price at over $900. We know why the stock rallied to $1200, and that was solely the Fed. Perhaps most shocking is Tesla's P/E ratio which is now over 100X their earnings. This is extreme, and it screams asset bubble. Not even Toyota which is the worlds largest car manufacturer which produces both electric and gasoline vehicles has a P/E of less than 10. So where do we stand? We see equities going into a bear market. The FOMC of 1-26-2022 confirmed this when the Fed announced they are continuing their plans for tapering, raising rates, and shrinking their balance sheet. This will adversely affect the stock market and bring equities below a 15% correction, into a bear market. Key Factors Buying Volume Weak MACD Turning Bearish P/E Ratio: Extremely Overvalued. Fed Tapering, Raising Rates, and Shrinking Balance Sheet. 50MA is 1/3rd Current Value 100MA is $180 Range With the biggest buying of equities calling it quits and essentially "selling" this is a stock that I would get out of the way, short but do not expect a continued rally.
NASDAQ:TSLAShort
by WorldEconomics
6
Short $TSLA $1026.96Short $TSLA $1026.96. $TSLA failed to break out last high of $1200 area. Price rejection at 50 SMA . Short target of $900 is in play now marked in red dashed line. Expect $1100 area to play resistance in coming days in case price bounced off of $900 area. Breaking support of $900 can take stock down to $750 area where it was trading before break out. Setup is invalid if price breaks above $1100 area and stays there on daily close for few days in row. Earning expectation/news will also play part in price action and invalidating this setup.
NASDAQ:TSLAShort
by QuickTradePro
5
TSLA earnings in 2 daysIf you haven`t sold the double top: Then considering the bearish market conditions, Tesla should reveal some amazing quarter earnings to justify its high PE Ratio of 308. Meanwhile Elon Musk sold more than $15 billion worth of shares in the company since early November and said that he was "almost done" with his stock sales. And most of the shares were sold above $1000. Looking at the charts, i think that TSLA has entered a descending channel with a price target of $860 for this year.
NASDAQ:TSLAShort
by TopgOptions
11