Tesla is forming wyckoff reaccumulation and just went above the resistance line from the downwards wedge. We should see the stock going back to all time high now and complete an inverse head and shoulders. To get the price target we take the head which is 1240-900 and get 340 and add that to the neckline which is the ATH of 1240 which gives us 1580. The price...
Tesla has formed a cup for 6 months and now the handle for 1 month. But wait! The handle has also formed a V-shaped cup and handle of its own which is not good. Fib trendline from 550to 1240 and back to 900 shows 100% at 1417 and another one at 1580 with other prices as parameters. Wyckoff reaccumulation shows that the stock should go up now and that looks very...
Fib trend on 923 and 912. Filled gap on the daily. Should be a good buy now. Wyckoff reaccumulation looks ready for a jump back to resistance around 1100-1240. Elon musk will most likely be finished selling Dec 30 with the current selling pattern he have. I believe insiders are buying like crazy right now. Macd and RSI are both looking to form a wedge down...
According to Wyckoff reaccumulation pattern, Tesla should be going upp from here on with minor moves downwards but is not expected to break out until some weeks have past. We are currently in phase C.
Read elons tweet for today. "Due to inflation 420 has gone up by 69". I think this was posted 02:40. 69 days from today is Feb 24. Which is when tesla started to crash down back in 2020 when corona happened. Or perhaps 420+69=489*5=2445 which could be the target price in the coming months. 02:40 or 240*5=1200 could be when the stocksplit happens. Whatever it may...
I think Tesla will do a stocksplit next Monday and we will see the stock soaring to 2300 at the very least. But the stock will go sideways and reaccumulate again around 1240 and 1160 before the stocksplit announcement on Monday. After the bullrun the stock will crash down to the diagonal line that we see since 2020 that is more visible in 2 diagonal blue lines on...
If you guys remember my last post I correctly predicted that tesla would go up as it was in the last phase (E) and would run until the reaccumilation would occure as I had drawn in orange lines. It looks like this is it as todays drop made it very clear. I see this going diagonally up towards $1350 where we will see Tesla reach the end of the reaccumilation and...
Tesla has been in the wyckoff accumilation phase for the entire year and will probably finally break out from phase D when gigafactory Berlin opens in late September or early October which means that the 2nd resistance at 738 will be shattered and phase E can at last occure and cause the markup to happen. Based on the inverse head and shoulders pattern Tesla could...
If tesla is in a triangle and breaksout in mid August between 10-12 (note that last years stocksplit announcement was in 11 August.) then I would say Tesla would rapidly go up until the beginning of September and then drop again just like last year. That would mean my projection of $1400+ would be reached in 2 weeks which Tesla is know for having done before....
These are my thoughts and speculations. Do not take this for financial advice.
Tesla is now oversold in the 4h chart and will most likely bounce up soon but may fall a bit more before doing so. The stock will most likely go up for 5 days which could be entire next week based on previous patterns but does not have to. If Tesla goes back up it will try the 740 resistance again and more likely succeed after a minor drop under 740 to then go to 820.
Many people don't believe when I say that Tesla will do another split this year but I am convinced that they will. Tesla stock has mostly followed the same pattern as last year around this time and with Elon musks recent tweet about Tesla becoming larger than Apple with its 2T marketcap. Tesla needs a more than 3x of their current 600B. Elon musk removed his tweet...
Tesla is looking to make a reverse head and shoulders pattern which could brake upwards to 770-800 in the coming days (perhaps on 5 or 8 March). The House recently passed the stimulus of $1400 and is looking to be passed by the senate this weekend if everything goes well and is then signed by president Biden before 14th March which is when some benefits for...
If Tesla manages to close a full candle above 640 today or tomorrow (or Monday) we might see Tesla going up to $820, if Tesla doesn't do that, we might see Tesla selling off and expect a support around 480 levels perhaps. Stimulus checks and unemploment benefits might get passed or not in a few days so keep yourself informed cause it will affect the entire stock...
Hello guys it has been a while. Today I wanted to share a little about my plans and strategies for next week before Tesla joins S&P500. So from what we see from the volume in the daily chart Tesla is heavily overbought which means a strong pullback down to around 500-460 levels for a support could be a possible scenario but is not a necessary thing that must...
Seems like Tesla is starting to become oversold in the 1H and 1m chart which means we might see a huge spike upwards soon. We still have a tiny bit left in the 1D chart before the stock will have reached its top. Now if we make some research on companies joining S&P500 like Yahoo did in December 1999 we could see Tesla doing the same, we might not see a huge...
S&P500 inclusion for Tesla could mean the stock would be shortsqueezed very high (billions of dollars worth of shares must be bought by the notorious index). The stock looks like it will have another tiny triangle going sideways as the volume on the 1h chart looks overbought. But after this the stock should break upwards towards low 600s before a pullback to 560...