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TSLAGame plan for tomorrow is to look for a good entry short. Going off the AH high of currently 791, this puts price action just about right at the 1.2x length of (a) of this a-b-c up and between the 618 and 786 retrace from the all time high. Being already in a large supply zone, I already started to build a small short and will look to add tomorrow if we stay under 806. A close above that may indicate the “a” and “b” of this a b c may be a wave 1-2 and we are in a wave 3 impulse. Some price levels will have to break for me to invalidate my downside opinion. First target will be 570-540. As TSLA moves up and down in large moves, I’ll be going further out in time with puts to let this play out. As always, will watch to see if we stay under 806 before I just jump into a trade.
NASDAQ:TSLAShort
by PT_Marche
TSLAAdded more to my short position today. Could TSLA go up to 770? Yea, it’s TSLA, just kind of decides to do crazy things sometimes! But I’m bearish on it with positions that I will easily hold onto even if it decides to jump up randomly. Positioning is important because a hard reversal shouldn’t crush you. Put time on your side. With a structured short position, game plan is to take profits at lower demand levels and average down to continue letting positions left on absorb retraces and then hopefully follow down to the next lower demand.
NASDAQ:TSLAShort
by PT_Marche
3
Tesla Short OpportunityWe are seeing speculative movement again in the TSLA stock. The overall market had a positive reaction to the Stimulus package and infinite QE. However, we are going to see the actual result of COVIC-19 and the employment report in early May. The demand for high-end/high tech electric vehicles is going to suffer for the remainder of the year and Tesla responded by furloughing around half of its U.S. sales and delivery employees this week. We are seeing heavy resistance around 660 and support 350. Please share your thoughts! Let us analyze, learn and trade! GenXInvesting
NASDAQ:TSLAShort
by genxinvesting
6
TSLA Think it can keep pushing its way to 650 area which will be an interest zone for me to watch. Around 650 is the 50% retrace with the overall market drop. It is also the area where wave theory would align with a-b-c wave c up to be completed. If it rejects around there, I’ll lean to downside and look for a small position short. If it breaks through, could indicate this is an impulse wave up and could have continuation higher. I only try and limit myself to small trades on TSLA due to the volatility but it can be traded if you take your time on it
NASDAQ:TSLA
by PT_Marche
Only noobs are shorting TSLA here. It will go above 1000.First of all I like to emphasize how extremely happy I am about this rally. The shorters really had it coming. The incredible amount of arrogance they displayed just had to be punished. And a severe punishment they did receive. Now of course everyone is thinking that this here has been the top. However, if it would have been the top, the correction would have been much more severe. Instead, we saw a correction pattern in a huge continued rally. It really is very similar to the huge runup in 2013. Therefore I think we'll continue up above 1000, much to the dismay of the poor shorters, who are really poor now in the truest sense of the word. Anyone who doesn't understand why Tesla has this rally, why they are so disruptive, why they will grow much more, should really do some reading on disruptive technologies and Kondratiev cycles. This company marks the beginning of a new era of rapid innovation. Tesla is much more than a car company. They build solar arrays. They build energy storage batteries for renewable energy farms. They are also a software company. They are soon an autonomous carsharing fleet company. They have the most advanced AI neuralnet, years ahead of anyone else. They have by far the biggest supercharger network. The lead to the other carmakers who are struggling to even build the first generation Model S, is just INCREASING, not decreasing. Tesla is going to change the world. It already is doing so. Anyone who doesn't understand that, should really do some proper research, and not only read CNBC clickbait news headlines and FUD.
NASDAQ:TSLALong
by SebastianofMoon
39