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.
Tslashort
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
Is TSLA Cycling between 600 to 704? With the marketing calming down from last year, TSLA could be going into a range trade opportunity between 704 to 600. Currently I'm watching high levels of 683/695/704 to see if it will break through resistance or bounce back down towards 600.
Moving downwards, I'm watching 683/ 672/ 660.
Be sure to watch volume as you confirm entry points . I'd be also interested in how Biden's infrastructure plan effects the EV market as that news is a bullish variable.
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.
TSLA Tesla to $3000 or $300???ARK Invest founder and Tesla bull Cathie Wood expects Tesla to hit $3,000 a share in 2025. That means Wood expects to earn about 50% a year on average between now and 2025. (barrons.com)
Initially i thought that she was saying $300, which was also close to my Fibonacci retracement level of 0.618, but $3000?
Will Tesla save the world from cancer till 2025?
For those of you who buy Tesla stocks because it`s cool, let`s look at the numbers compared with a company that really sell cars, Toyota:
TESLA
Market Cap 604.967B
PE Ratio (TTM) 984.80
Forward Dividend & Yield N/A
Earnings 2020 721M
TOYOTA
Market Cap 212.475B
PE Ratio (TTM) 15.09
Forward Dividend & Yield 4.24 (2.80%)
Earnings 2020 2.08T
Not to mention other car producers that will take Tesla`s EV market share soon:
So if you have to choose between a Tesla and the new electric Hummer, or Mustang, or Escalade, what would be it?
Meanwhile, if you haven`t sold TSLA here:
Then you could be too much exposed in TSLA shares to give up shilling it.
If you are interested to test some amazing BUY and SELL INDICATORS which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Tesla is facing a 43% decline.Tesla is facing a 43% decline. Anyone who followed my Tesla analyzes could see that I regularly took long positions. Nevertheless, I still recommend taking the short position now. The analysis shows that the price movement of TSLA has fallen below the wave axis (orange dotted line). These days, he tested this axis back, then stood in a declining direction again with a decrease of nearly 6%. It can also be seen that the corrective motion I now assume is nothing more than the beginning of the second descending wave motion. In case this falling wave builds up the target price: 347.11usd
TSLA - What a cross
Intro
Yesterday TSLA passed through a cross, made of an horizontal line at 668$ and a resistance trend line (in red).
I drawn other possibile trend lines, horizontal lines and two possible future prices paths: a red one (DOWN) and a green one (UP).
Which is the most probable path?
In my opinion, TSLA will follow the DOWN path: as we can see the Stochastic RSI crossed up, but the MACD didn't. I would define yesterday's price move as a bull trap.
The price movements of today (the 10th of March 2021) will be relevant for knowing if the support horizontal line will be down crossed (and the DOWN path will prevail) or not (in this case it will be a LONG signal, in case MACD will up cross too).
Thanks for reading :)
Is TSLA going to 500 -> 360?As NASDAQ:TSLA rocket ship (SpaceX) has took parabolic turn. Seems it can go to 500ish first stop or second support could be 360ish. Let's see which wall bulls can be a defend.
Note: Pls ignore the September area analysis which was done in a bull run.
Disclaimer: I"m NOT a financial advisor. All trade ideas are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
TESLA to $400Correction time for Tesla.
There is nothing to afraid of. It's a buy opportunity.
It's falling down for 4 weeks straight.
$600 will be an important level to watch for next week.
If the selling pressure continues;
I'm expecting to see the price in a range of $400-440.
What do you think? Any comment? 👇👇👇
VIX is on an Upward momentum. I know that most people hate Bearish analysis, BUT I have to share this with everyone
VIX - is the volatility index of the stock market. The higher it gets the lower the (overall) market gets. It basically indicates uncertainty in the Market.
This graph above indicates that the market might continue to go down. As you can see the VIX is getting ready to set a higher high.
We might see the market continue to go down, as this new trend is not over yet.