DXY RSBN running House Oversight Committee press conference on Biden Corruption, getting ready to roll out indictment. Bidens received over $10 Million in kick backs.
TSLA Is anyone here Short Selling Tesla? It's not a bad thing, just another way to make profits. It doesn't mean you don't like the co. or stock... I for one have not yet but I am considering taking advantage of both sides. Why not? If you can add $10 per share on a rally and then another 6 or 7 on a retracement to bank $17 on a move rather than just the 10... ? I'd like to hear from anyone that is... It could also be beneficial if you're in a cash position and miss a rally, then at least you can watch for and Short Sell near the top so you're not completely left out.
1) Price has cracked up the monthly DTL. 2) 3 months in a row with increasing volume. 3) ATH @ 345.56
Weekly (Bullish) 1) Price approaching a resistance @ 290.53 2) Weekly EMA 20 > EMA 50@ 27 Feb 2023. Now look overextended from the EMA 9 & EMA 20 (High risk for a possible reversal) 3) RSI is in the O/B area 80%
Daily (Bullish) 1) 31/3/2023 price closed breaking 22/3/2023 high 275.89, with volume higher than previous days. Breaking out from a 7 days consolidation period 2) Next possible resistance is at 285.53 (almost $10 from last closing price) 3) Daily EMA 20 seems to act like a support with 2 touches (13/3 & 22/2) 4) Swing seems risky for now
Hourly (Bullish) 1) Possible for intra-day 2) Need to wait for a pullback. Maybe between @ $274.95 - 273.88 level (Fibo 0.5 - 0.618 = 1H), confluence with EMA 20 (1h) and 4H RBS. However, 4H & Daily 20EMA is quiet far 3) $278.34 seems to be the hourly resistance (confluence with ST darvas)
Trading strategy:
1) Wait for 1H to pull back at the 274.95 - 273.88 (making a higher-low) 2) Go onto lower TF15m/ TF5m to analyze market structure, making HH and HL after the pull back to go LONG.
TSLA So this morning I logged into my TD Account and I have a Great Indicator that is very trustworthy for signals. It is a "MA/EMA Cross 10/10" that tradingview does not have. It generates signals usually once every 2-3 weeks and are fairly reliable. As soon as I saw the cross on my chart this am I put in a bid pennies above the current ask so at $181 x 200. I missed the last $10 run up because my bid was too much below the ask and missed it by pennies. All of my short term signals but one are turning bullish with one showing a potential run from $180 to $210 Today's bullish engulfing candle however small is confirming a trend reversal... UP. Maybe this is a reaction to BYD's falling Numbers in China and Tesla's surging ahead now. They just might surprise for Q1 afterall.