TSLA false breakout?Tesla has tried to make a move into the upwards moving channel today. If it cant keep up this momentum and returns to its downward channel we could see it hitting $700 or possibly even $680 very quickly...
again this is if it breaks back below the trendline (which would currently mean a move below ~$780)
Tslashort
Take your Profit and don't chance it!TSLA has been extremely volatile and we see how speculation can affect the stock. I think it's time to take profit because TSLA could be re-testing the 600 level, and if it continues to break support, we can see a greater downfall. Not enough people are buying and many are selling, as we see looking at the RSI.
On 3/4 TSLA dropped $100 with people pulling out at market close
On 3/5 TSLA dropped another $130, and many shorted TSLA
On 3/6 TSLA is down $35+ in pre-market and the worst has yet to come
Let's see how today plays out. Safe trading!
Tesla, time to sell the bags ?Hello Tesla investors and fomo maniacs.
Hope you´re not buying here !
I don´t know if this is the exact top (looks like it is to me) but the R:R is definetly not worth the entry anytime soon in my opinion.
What I see is exponential grow which isn´t healthy.
The Doji candle on the Daily chart is a warning sign.
In my opinion down back to 450 USD (at least) is highly possible
I think that stocks overall are in blow-off top phase
See also interesting coindence in crypto (BTC)/stocks (APPL) trend fractal
Feel free to leave a comment below the chart or ask if you are in doubts.
Cheers.
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
TAKE YOUR PROFITS END LEAVE WITHOUT LOOKING BACK!!Hi Everyone! Its been a while since my last post, so lets dive in to the point, without losing time!
So what we are seeing here is a parabolic move with hype will end in a big crash!! When we look at the fundamentals we are still not able to see PE ratio due to earnings being negative and the PB is close to 20. It is a crazy thing to see that an manufacturing company(automotive, energy etc., however you would want to categorization it),which would have a high capital cost, would have it self priced at 20 times it book value!!! I would have hoped other fundamental ratios would have been great while seeing these two so bad. However the quick ratio being at 0.7 and debt to equity not showing good signs as well i do not believe price movement represents the "current" value of tesla!
And if we take a look at the technical side of things.... We could see that the price has been increasing with dropping volume and the RSI is over stretched.I believe it is the perfect time to take profits and watch it fall. There might be a little more upper movement but it is not worth taking the risk since in the near future i believe the price will be lower than where it is.
As always this is not an financial advice , this is just a thought!
Stay Safe
the Landing of a skyrocket ?Tesla stock price hit an all time high at 544 and almost gained more than 200% from it´s recent low at 190 but an interesting candle is forming a long shadow that could indicate a Bearish pattern if we close below 520
my strategy is to short now at 510 or 520 to target 450
💎 TESLA vs BTC - Projection price falling!Thumb UP👍 if you like this chart!
I took the BITFINEX:BTCUSD candle drop pattern in 2018 and applied it to NASDAQ:TSLA shares. It turned out that exactly the same drop will lead the company's price to its fair valuation in the range of $240-$210. Why this assessment???
The forward P/E is still more than 90!!! Thats incredible in motor vehicles field! And this is all assuming perfect execution, production capacity that does not exist yet, and that income from regulatory credits will stay the same. With this P/E investors should not expect a good return. Under these idealized assumptions rational investors could expect a decent return at a P/E of 12, so at a share price of $217 or less.
Write in comment how do you think what the fair price for TESLA Motors?
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TSLA - What A Time To Be AliveTLDR:
What a time to be alive. These types of moves create a significant transfer of wealth, for the long's this has been a multi-year battle from $175 - $350 and now in a span just longer than a full month we're at $537.92 at market close January 14, 2019
This type of price action extends beyond fundamentals, and at this point is primarily dictated by human sentiment with a bunch of algorithms following (not the other way around)- good news for us, Elliott Wave analysis does some good in the department of predicting price action in periods of euphoria- these euphoric moves in price action almost always occur in the third wave. I have two scenarios or wave counts I have considered, one where the peak of price action today is the top of wave 3 or the conclusion of wave 5. I'm publishing the later, in both scenarios price action retraces.
Considering other technical indicators, the broader stock market soaring into uncharted territory, and retail sentiment I'm leaning towards the conclusion of a fifth wave, leading into a larger correction. The 0.50 fib retracement lines up neatly with a historic level of resistance (now support) for Tesla shareholders in the $380's
Perhaps there is more upside following the correction- something to consider for a later time -- or, sooner rather than later if the Tesla bulls continue to maintain the squeeze. If up is the direction from here- I haven't the slightest clue where the top is after this.
At the time of publishing this chart I hold $425 TSLA put contracts
If the price action continues to strengthen the probability of this wave count I intend to further short the trade with additional options
Tom
TSLA update...TSLA update. analysis performed incredibly quickly. My current analysis would like to highlight an opportunity for correction. The 560 usd target price in my previous post was met. I am currently expecting a correction of up to 20%. The explanation of this rule system is a small insignificant (yellow-green) square. This is the initial ATR of the 1W wave fractals. It can be seen that both waves fractal (green rectangle) increased exactly 60%. Currently, this is the second common point of the two fractals. The third is the correction. And I expect this to close to 428usd. Short. I suppose the brutal build-up of TSLA could stall for a while.
TSLA, intraday consolidation w/ bullish pennant parabolic squeezTesla is setting up for a nice afternoon. Elon Musk fanboys gonna wake up and we'll see the same slow march up through the rest of the day that we normally see with tsla. Might be some short term selling over lunch. DON'T GET SPOOKED! The parabolic squeeze is followed by a big move to the upside 70%+ of the time. TSLA FTW!
Tesla Stock is Vulnerable to a 40% Elliott Wave DeclineTesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems. Its market cap is approximately $86 billion.
In Tesla's case, investors have been too optimistic recently. The stock is up 186% in the past six months, climbing from $177 low in May 2019 to $499 this month. Unfortunately for the bulls, no trend lasts forever. Therefore, once investors run out of optimism, the stock is likely to fall significantly. The question is, How soon?
In order to find out if Tesla stock is a good pick now near $500, let’s take a look at its Elliott Wave chart above.
The daily chart shows Tesla's entire progress since May 2019. As visible, the price appears to have formed a textbook five-wave impulse pattern, labeled 1-2-3-4-5. It certainly has been a wonder to behold while it lasted. The problem is the Elliott Wave theory states a three-wave correction follows every impulse.
Normally, the corrective phase of the cycle would erase the entire fifth wave. For Tesla, this means a sell-off to the support of wave 4 near $327.
The Moving Average indicator reinforces that the price is overextended. If this count is correct, the next couple of weeks can be a lot different than the past two months.
What's your view on Tesla Stock?
bynd small trade 100 96 we are close the target short will star going beseker very soon locking gains been riding since 73 leaving a long and some cheap short for earnings will load heavy if pull back if pull back happen shorts Stop loss 101
this is a short trade
long trade have a big gap to fill
trade based in what you see no in what you expect
opening shorts near 96 100
Tesla - Run for it! PT: $340Tesla had a great run in the last couple of months! It's time to take profit!
Indicators telling us that current valuation of Tesla is overheating. Needs a good pull-back to at least re-test $ 340. If $340 breaks, we will see $ 260.
"In our view, TSLA shares now appear fully valued after a meteoric run-up," Garrett Nelson of CFRA wrote in a Wednesday note. He maintained his $400 price target on Tesla shares but lowered his rating to "sell" from "hold."
"We see the recent China factory start-up weighing on Automotive gross margins in 1H 2020 and U.S. sales being negatively impacted by the recent phase-out of its federal EV tax credit, rising competition and seasonality," he said.
Trading tips:
Buy: TSLA P 21 FEB 2020 $380,00
Sell: TSLA C 21 FEB 2020 $500,00
markets.businessinsider.com