Get started

Tslashort

Tesla: the bubble is about to burstYesterday, 27 January 2021, after market, Tesla reported. The reaction to the report gave the final sell signal; the sign that the bubble is about to burst. If we look at the chart since 2018 we see a sideways movement up until the beginning of 2020. Since 2020 Tesla is moving in a steep uptrend. Since the beginning of 2020 the price has roughly ten folded. In my opinion a big bubble has formed since 2020. To quote CNBC: "Tesla’s market capitalization has increased by more than $500 billion in 2020, and the company is now worth about as much as that of the nine largest car companies globally, despite selling a small fraction of the volume of cars that they do." If we look at the indicators we see that since the beginning of 2020 a divergence with RSI and Di + is forming. Since November 2020 Tesla is up trending within the uptrend. This trend within the trend broke yesterday. Today we gapped down out of this uptrend. MACD also gave a sell signal.
NASDAQ:TSLAShort
by Optiveren
4
TSLA -- looking for pullbackIt's Tesla so it's always crazy, but I always just look for putting as much odds in my favor as I can. One count I have shows potential pretty good resistance around $850 - 855 area. Premium is always high with Tesla so I'll be looking for potential call credit spreads on this one. After hours it edged up higher, and, if tomorrow it holds and pushes up, I'll watch to see if we tag 850 and watch price action as I'll look to sell premium on this one in a bearish play. Couple zones below, notably the $750 area, to watch as well. If price does pull back, signifying a potential wave iii is put in around 855, the 750 area aligns well with a standard wave iv pullback right within a demand buying zone. My game plan: if price opens up, will watch for it to push to 850 area. Once there, I'll look to enter a call credit spread to sell some premium. If price does reject around 850, I'll look for it to go test back down around 800 and 750. But, it's Tesla, hence why I'm not saying just outright short it. Doing a credit spread gives you an edge due to premium in Tesla's options. As always, know your risk level and know when to take a stop loss. For me, after a potential pull back which I will play, will not surprise me at all for Tesla to reach $1,000...
NASDAQ:TSLA
by PT_Marche
TSLA - Bears Taking ChargeI've always been skittish about shorting TSLA for obvious reasons, but the bears may be gaining momentum that's hard to ignore. With Wells Fargo analysts making a dire prediction that TSLA is the next AOL, and the uptrend breakdown over the last few days - I think we'll see some more sideways or downward price action on TSLA in the next day or so - short of any major actions regarding the stimulus. North of $674 however, this trade idea flops. Price target $640
NASDAQ:TSLAShort
by DontListenToThisClown
TSLA TREND 2.0Ichimoku lagging span is still showing a strong bullish trend. Now, there are pullbacks which is healthy for the trend but they are nothing more than that. Simple and healthy pullbacks. The ichimoku lagging span indicates how weak the pullbacks are (opinion: i’m guessing it is due to sell offs from investors who are taking profits for the holidays). Also, there seems to be strength within the 600 mark, as it acted as a form of strength and now a possible form of resistance since the 600 mark was broken, and is now providing resistance for the price action. My last indicator for a further uptrend would be the VWAP as it broke past the VWAP and bounced off of the VWAP at 603(still keeping above the 600 mark. Best bet would be to HOLD at least until after the S&P500 inclusion. It would be a good chance to TP, but it may also be a perfect opportunity for more resistance above 600. As further growth comes to TSLA, long term positions should continue to prosper.
NASDAQ:TSLA
by zeusarell13