Opportunity to short Tesla?TSLA is bumping against the cloud that may prevent upside .. consider adding to short positions here for the short term.
Tslashort
TSLA Count With Elliot Wave - Parabolic Movement Ahead. I noticed that every time i did trend based fib extension, of TSLA i always get a 1:1 count. You can clearly see the correction, when it bounced of the wave 3 at 252. Now it did EXACTLY the same from wave 5.
Which means 5 waves are done, and we have a huge move ahead of us.
First Target is: 350 USD
TSLA Short to 180Ahoy there mateys! Let's dive right in.
TSLA fundamentals are arguably weak, the EV market is becoming more and more competitive. We're seeing strong entry into this market from the likes of Volvo, BMW and now even Porsche has a nice EV coming. We can also see demand softening for TSLA clearly evidenced by recent price drops on the vehicles. In a period of rising demand, you do not lower prices, therefore you can infer we are seeing weaker demand for TSLA's offerings. TSLA stock has long had a price in moat on the EV market which is arguably being eroded as others develop their technology.
TSLA also has some potential liabilities related to Elon's loud mouth and defiant attitude towards the SEC and that really doesn't have much in terms of upside, but plenty of downside. Another speculative component of this short, the really high turnover in TSLA's financial and accounting departments. Especially after a quarter of posting record revenue and EPS. You have to wonder if there are some greater accounting issues at play when you see senior accounting staff quickly departing the company.
Now, we can tear apart TSLA fundamentals all day. Looking at this from a technical and pattern oriented perspective we have a great short opportunity lining up. An arguably overvalued business with success priced in, facing a lot of uncertainty, is a prime short.
We can see head and shoulders pattern forming on the weekly chart. The neckline has now broken and we are seeing the price fall below the 200 MA line (consistent with the neckline of the head and shoulders pattern). We can also see the 50 MA crossing the 100. I think we will see a reversal of the long-term uptrend, signaled by this neckline break, and TSLA should fall sub 200 as it searches for its next support level. A fib 78% retracement puts us at the 180 price level.
To be fair, I've been trading this short since 280 -- now with the neckline break and this fall under the 200 MA I have increased confidence in this short and am entering a larger position. I'm expecting this to be trading sub 200 by the end of June 2019. I will be keeping an eye out for any price bounces to increase my short position.
This is not investment advice, just my own thoughts and analysis. Trade at your own risk.
Thanks for reading!
TSLATSLA, WITH THE PARABOLIC MOVEMENT AND THE BAD NEWS ON THIS STOCK I WOULD NOT TOUCH IT ANY TIME SOON!!
TSLA - Possible more downside, but buy any gap upMorning traders,
We can see that tesla is in a falling wedge ending pattern, and that there is still a potential 5-6% downside in this asset. However with Musk buying shares and being towards the end of the wedge, I'd be careful loading shorts here.
There is potential for more downside as mentioned, but I would not hold any contracts longer than a week.
My trading plan will be to buy any gap-up days with month out contracts as is standard for me.
Be careful next week in any longs, and as always, hit that like and follow button
TESLA - BEARISHTesla has broken out of the bullish channel and is now looking very bearish.
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Red line indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas please give this post a like and follow my page if you would like to see future posts! :)
This chart is made using fib channels.
TSLA - Short the breakdownTSLA currently making the A wave of monthly degree correction.
watch breakdown from here for a short.
Don't open any long position yet, just shortsTesla has been on a downtrend for a while. it is under the 26 SMA and under the SMA 70 (the baseline). MACD has crossed down (a long time ago) and is under the zero line. It will have a pullup, but the overall trend is down, don't take any risk yet if you are a bull.
If you are a bull, wait for at least 3 - 5 blocks to close over the SMA 70 that could signal an uptrend, but wait till that happens to make the proper analysis.
If you are a bear keep enjoying the downtrend.
Trade safely and good profits for all.
Wow tesla having some sinus problems Too much congestion for me, needs to take a Claritin D before I hop on in.
Can TSLA hold support? If so, there's massive upside potentialIf TSLA can hold support around $ 250 we can see great upside potential!
Coming down to $250.00Short term price target @ $250.00, which TSLA found significant buyers and formed a support previously.
Short TSLALooking to catch a larger TF move, keeping a tighter stop as a bounce is possible. Setting short orders around $323 may present the best risk/reward, but may not get filled. This is a lowered risk play if you are looking to enter here. Waiting for the dust to settle after open is likely the smart approach though. If the market moves price down after open then do not take the trade at a less desirable entry.
TSLA - Short Swing, Good entry R/RUpdated Verison from previous post. New Entry and Stop Loss
Entry = 316 - 320
Stop loss = 330.5
Target 1 = 280, R/R = ~2.6
Target 2 = 253, R/R = ~4.5
TSLA - Short Swing TradeTSLA has been in a range and a pattern is repeating itself.
R/R: 2.44
Duration: Days-Weeks
Tip:
For more confidence wait for signs of price weakness.
Good opportunities for better entries, more confirmation and better R/R.
Good luck and be patient.
Remember to have small risk, (I usually stick to 0.1-0.5%) It's better to be comfortable taking a loss than not taking it at all.
This is not a financial advise, just expressing my own opinion.
Leave a comment or a like if you agree.
Naturex
Elliott Wave View Expects Tesla Rally to FailElliott Wave view in Tesla (Ticker: TSLA) suggests the rally to $352.09 ended wave ((2)). This suggests the stock is in an impulsive Elliott Wave structure to the downside. Wave ((3)) is in progress and the subdivision unfolded also as a 5 waves Elliott Wave impulse of lesser degree. Down from $352.09, wave 1 ended at $343.8 and wave 2 ended at $351.5. Wave 3 ended at $281.69, wave 4 ended at $290.61, and wave 5 of ended at $279.28.
The entire move lower from $352.14 to $279.28 ended wave (1) of ((3)). Tesla is now correcting the decline from $352.09 in wave (2). The correction looks to be unfolding as a double three Elliott Wave structure. Up from $279.28, wave W ended at $298.52 and wave X ended at $287.75. The stock has scope to extend higher towards $307.16 – $319.20 area to end wave Y of (2).
Afterwards, it should extend to the next leg lower or at least pullback in 3 waves. As far as pivot at $352.09 stays intact during the correction, we expect the rally in Tesla to fail and the stock to extend to the downside.
Bear flag is surely forming = BEAR trend has begunIf you look carefully at the last 2 days what do we see? Inverted hammers. Price resistance 350.
My fractal was off, because of holidays, but basically it, this was the fractal event. Which will spiral Tesla into the ABC pattern, and begin an actual bear for it or rather it will force the price to touch a major support line at 250 and 200 respectively.
TESLA is extremely desperate for cash. They increase efficiency at the price of lowered stock price. That is a fact. They grew to where they are now, but now is the time to become a better oiled machine, and that my friends will require more pain. Which will translate into more price decline.
We may still hover between 315 and 300, but one thing is for sure, Bears will be hungry for blood here, and bulls will be scared especially if price dibs below 300. If we close below 300, SHORT the living crap out of TSLA it is heading straight to 250 in a matter of days. Obviously i am no oracle, but you have to agree, this thing is so volatile.
As price will decline back to 250, and ER is fast approaching, all eye will be on it. Here is what i think is going to happen: Good sales, targets reached, BUT insane cash burn. So price jumps initially, but then the details emerge such challanges, and cashflow or god knows what. Causing the price to drop back and decline past 250 into 200 Territory for the first time.
TSLA is a pioneer, they have inspired other and they did incredible things. BUT, and a BIG BUT, all companies, without exception, go through correction phase.
So unless ER is epic, expect a MASSIVE SELL OFF. This will affect all other EV companies.
For those that need to be reminded about the bear flag:
www.tothetick.com
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
TSLA: Tesla Next impulse Coming !!Buy after Breakout or Buy on Support Zone 240-250$ and Sell 400$.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
$TSLA Rejected Weekly ResistanceLooks like $TSLA rejected weekly resistance. Good opportunity to build a short position here. Good R/R. Resistance is represented as the red box. Support is represented as the green box. Will update position accordingly.
TSLA Approaching Major Top at $420 (Elliot Wave 5)Although I personally am a big fan of Tesla and the cars, this analysis is not about my love of the cars but rather the balance sheet and technical analysis. It is no secret that Tesla (TSLA) is the most shorted stock in the United States right now. The balance sheet and cash flow make no sense (burning through billions of dollars in capital each quarter, constant net losses and never made a net profit for the last 10 years, and yet the stock price keeps going up). Despite all this, Elon and his magic make people believe (can anyone say "behavioral finance"?)
However, if you look at the Elliot Wave macro outlook, it looks like TSLA is approaching wave 5 (which would mark the top, then a ABCD correction would follow) - and if the waves tell us anything, the "top" wave 5 would appear to be around $420 - the exact price Elon tweeted he would take his company private at today.
This is not a recommendation to short TSLA stock - everyone who has done that for the last 10 years has lost money. Rather, it is an observation that $420 may indeed be the market top for TSLA, even if they do end up being a solid car company for many years to come.
