Tesla - What To Expect Until September?
Updated
I heard something rather enlightening on Twitter recently, and it was someone who quoted some sort of analyst as pointing out "Tesla is its own market."
I think that's really correct, and really apt, especially in light of a recent analysis of the new JPM collar that dropped on Friday, where I anticipate a very violent and very major drop in the markets until Q3.
SPX/ES - An Analysis Of The 'JPM Collar'
The point is that Tesla can (and has; and will) go up or go down regardless of what the indexes are doing
This call is also a continuation of a very successful call I had on Tesla posted in February. Things took several months to pan out to the downside and then to the upside, but everything came to fruition:
Tesla - $250 Is Coming... Don't Lose Your Legs In the Bear Trap
The key thing with Tesla, especially for the long term holders who think this company has a $3 trillion valuation in it like Apple does, is the Q4 dump to almost exactly $100 was anything but bullish.
But fortunately, this "bearishness" has manifested in a significant bounce, and, in my opinion, the Party hasn't yet stopped here.
Speaking of "The Party," you have to be very careful with Tesla because Elon Musk decided to root a huge bulk of his company's production with a Gigafactory in Shanghai-Babylon.
This leaves this company open to exceptionally enormous geopolitical and fundamental risks as President Xi Jinping faces the possibility of having to dump the Chinese Communist Party overnight, any night, because of the battle against both the remnants of the Jiang Zemin faction inside China and the "International Rules Based Order" that's rooted itself in Taiwan.
To put it plainly, the IRBO wants to take over China using someone it has groomed from The Republic when the CCP falls, with the idea being to take down Xi with the Party.
The "Jiang Faction" is significant because it's the architect and conductor of the 24-year-long persecution and genocide of Falun Dafa's 100 million practitioners.
The sins are grave to the extreme and can (and will) be weaponized to put an end to the threats to Cathay.
With Tesla, I believe it's going to dump, and with some fury. And during the process, you'll hear a lot of FUD about blah blah fundamentals this, blah blah "can you believe how this ponzi is dumping people who bought $250 will be generational bagholders" that on social media.
You need to ignore all of that, because the day Tesla breaks $100 is the day Tesla is finished.
Moreover, Tesla is about to give you a buying opportunity in the $180 range. Remember that whole adage about "buy the dip"?
You're about to get the opportunity, again, but it won't feel very good because things will be scary and it will seem like everything is going to zero, and tomorrow.
Seriously, read the JPM collar post above.
Once the dust has settled, if the April lows remain intact, then the next target is the equal highs printed in July to September before the enormous sell off, amounting to nearly another two bagger.
But perhaps what Tesla really is aiming for is something Musk can get high on.
If by early September you see the price bouncing and try to short, it'll more or less turn out as bad as it did for NVDIA bears.
No matter how you complain about P/E ratios and market cap and comparisons to Ford and Toyota, the reality is, this is what a bearish market structure actually looks like in action.
The banks sell on red and buy on green.
You buy on green and sell on red.
It's a painful reality, isn't it?
I think that's really correct, and really apt, especially in light of a recent analysis of the new JPM collar that dropped on Friday, where I anticipate a very violent and very major drop in the markets until Q3.
SPX/ES - An Analysis Of The 'JPM Collar'
The point is that Tesla can (and has; and will) go up or go down regardless of what the indexes are doing
This call is also a continuation of a very successful call I had on Tesla posted in February. Things took several months to pan out to the downside and then to the upside, but everything came to fruition:
Tesla - $250 Is Coming... Don't Lose Your Legs In the Bear Trap
The key thing with Tesla, especially for the long term holders who think this company has a $3 trillion valuation in it like Apple does, is the Q4 dump to almost exactly $100 was anything but bullish.
But fortunately, this "bearishness" has manifested in a significant bounce, and, in my opinion, the Party hasn't yet stopped here.
Speaking of "The Party," you have to be very careful with Tesla because Elon Musk decided to root a huge bulk of his company's production with a Gigafactory in Shanghai-Babylon.
This leaves this company open to exceptionally enormous geopolitical and fundamental risks as President Xi Jinping faces the possibility of having to dump the Chinese Communist Party overnight, any night, because of the battle against both the remnants of the Jiang Zemin faction inside China and the "International Rules Based Order" that's rooted itself in Taiwan.
To put it plainly, the IRBO wants to take over China using someone it has groomed from The Republic when the CCP falls, with the idea being to take down Xi with the Party.
The "Jiang Faction" is significant because it's the architect and conductor of the 24-year-long persecution and genocide of Falun Dafa's 100 million practitioners.
The sins are grave to the extreme and can (and will) be weaponized to put an end to the threats to Cathay.
With Tesla, I believe it's going to dump, and with some fury. And during the process, you'll hear a lot of FUD about blah blah fundamentals this, blah blah "can you believe how this ponzi is dumping people who bought $250 will be generational bagholders" that on social media.
You need to ignore all of that, because the day Tesla breaks $100 is the day Tesla is finished.
Moreover, Tesla is about to give you a buying opportunity in the $180 range. Remember that whole adage about "buy the dip"?
You're about to get the opportunity, again, but it won't feel very good because things will be scary and it will seem like everything is going to zero, and tomorrow.
Seriously, read the JPM collar post above.
Once the dust has settled, if the April lows remain intact, then the next target is the equal highs printed in July to September before the enormous sell off, amounting to nearly another two bagger.
But perhaps what Tesla really is aiming for is something Musk can get high on.
If by early September you see the price bouncing and try to short, it'll more or less turn out as bad as it did for NVDIA bears.
No matter how you complain about P/E ratios and market cap and comparisons to Ford and Toyota, the reality is, this is what a bearish market structure actually looks like in action.
The banks sell on red and buy on green.
You buy on green and sell on red.
It's a painful reality, isn't it?
Note
If you were long on Tesla and got a gap up on the first trading day of July right before the Independence Day holiday, it's worth considering taking profits.Tesla can also run straight to $350, or it might go to $300.
Note
Notable is Tesla has printed a daily bar pivot after gapping to $280.Might be upside to the tune of $300 still, but I think it's _very_ likely the $240 gap is filled first.
Note
Tesla and NVDIA look like clones of each other on the 1 minute chart this morning.And the indexes do not look healthy.
Note
Tesla is trading very weak, but it is printing higher lows. The only viable target would be a gap fill here at $280.Or a new high. Assuming it can maintain its strength.
Note
Is Tesla a buyable dip or is the earnings blowback now a set up for a short on retrace?Note she took a September of 22 failure retrace pivot just light of $300.
If downside is to be chased hard, $240 would be the first goal.
Note
Tesla:1. Dumped to nowhere
2. Printed no bottoming pattern
3. Has bounced to nowhere
And thus should be considered extremely "sus." Perhaps, instead of buying the dip, sell the rip, lads?
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