Anticipated Tesla Short Over; Buy Window Slamming Shut; LONG (!)Tesla has been a little volatile over the course of the COVID season, needless to say. Its most recent slip saw it drop to about 780/share, but with its very strong close to last week, $TSLA now hovers around the 835 mark, seemingly having shattered an 820 resistance mark that seemed as strong as the titanium in its battery cells!
Many long-term Tesla bulls have decried this to be a holding that has very little downside, and it may appear at this moment to be at least mostly true. $TSLA harmonics are shaping up for a very big run after failing to reach much of a trough through the SHORT which really never was.
Did the opportunity exist to re-position? Certainly. Some of us tried. But with the volatility of $TSLA the best anyone probably could have gained was around the 20/share mark. For those with bigger holdings, the re-positioning makes enough sense. For those simply looking to manipulate a smaller holding, it was simply a chance to get burnt, or suffer a total waste of time in a vacant wash.
Regardless, $TSLA now is shaping up to be the mega-long-term hold investors consider it to be, and further tests of a bottom trough resistance mark look, at least for now, quite unlikely. Bears had been insinuating this would re-visit its March lows when it dipped under 500/share, but that is now looking mostly like wishful thinking with Tesla's next major resistance mark potentially not occurring until the 850+ per share mark. Now's a time to re-enter, load up, or double-down, because the short window is just about closed, and it was barely open to begin with...
Happy Trading!
Battery
Thursday Market Closing a Quite Bearish Sign For Tesla ($TSLA)We had indicated 820 as a huge resistance point, and just as $TSLA showed its signs of shattering it; it recoiled and reversed the trend to close down on the day. After flirting with the mid 820s; Tesla fell a solid 15/share to close at about 805. Still believing the trough to be 750-765, it will be highly interesting to keep charting Tesla throughout the week's close tomorrow to see if it retests that bottom-point.
The 820 mark has rejected it several times, and just as it looked over, it swatted it harder than Dikembe Mutombo and waved its finger at investors (Just to add a little color and irrelevant flair to this update!)...
Happy Trading!
Tesla ($TSLA) Beats (820) Resistance Point? Buy-window closing?Tesla ($TSLA) has flirted with beating the resistance point @ 820 for the past 72-hours and now is showing signs of having done so, trading @ 822 as of the time of this update. If it trends towards 830 by tomorrow's close, the resistance point could be shattered - signaling both the next leap, and the possible closing of a good sell window on $TSLA investments. Those who shorted @ 820 have now stepped into losing position, although an exit early today could have netted small gains. Although it is too early to say Tesla has "jumped the shark" on this resistance point, it is definitely worth considering as possible and worth monitoring for the remainder of this investment week.
Tesla Still a SHORT, But Barely: Stability at last?Tesla ($TSLA) double-failed two resistance marks at 820 and 807. The former of these really seems to be a short-term upper limit for $TSLA. Nearly each time it tests @ 820, it proceeds to have a variation of failure: The short on this is not wildly profitable, though absolutely still in play. $TSLA has shown promise enough, absolutely, but the bears seem to be right in some respects that this is a stock with a ceiling that Elon Musk himself has already alluded to.
Takeaway:::: If shorting TSLA, expect a very minimal gain. It is showing the first signs of stability in months, with that 820 resistance mark proving to be a real cap for Tesla in general. A potential dip to the previously cited trough @ 750-765 is not inconceivable, but this is now a pretty low risk short for the most part.
Tesla Double-Fails Resistance ($TSLA); BECOMING A MUST-SHORTTesla has previously shown major indications of forming its definite range around a true value. The oscillating nature around both a mark of 820/share and now about 807/share is showing two negative signs of resistance to those marks, making $TSLA now a must-short. That is not to say that I expect the bottom to fall out of one of the most promising tech stocks in the last decade--hardly.
However, with the current graphical trends and harmonics, it is more fitting to expect a chance to short, dive back in between 750 and 785/share, and take the small-ish gain, be happy with it, and keep on ticking...
As said last time with a different area of stocks: MAY THE ODDS BE FOREVER IN YOUR FAVOR.
Thanks everyone and happy trading.
$ABC - Daily Chart$ABC - American Battery Daily. RSI showing bearish divergence. Waiting for it to cool off a bit before buying in the purple range on the chart .17 cents looks to be optimum fill price. Clear uptrend and does have 100 day MA supporting.
SQM: Huge base, retrace gives a low risk buy...Chilean lithium miner $SQM offers a great low risk trade here. There is a gigantic basing pattern, and a breakout that confirmed a huge trend signal here. Price now retraced into a buy zone in the weekly timeframe, while we have a bullish 50/100 EMA crossover in the daily chart. This might attract some attention to the stock. Interesting idea here, I would buy with a stop loss below the red dashed line on chart.
Targets are shown by the cyan boxes on chart, both upside and time duration of the projected trends.
Cheers,
Ivan Labrie.
Plug to Find Resistance at $3.80 in 2024 (50% Chance)PLUG is a risky investment for 2020, as I am not certain that it will hold its price or increase.
CNN Business thinks the following for the next 12 months:
"The 8 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 4.00, with a high estimate of 6.00 and a low estimate of 2.75. The median estimate represents a +29.45% increase from the last price of 3.09."
Given Motley's analysis however www.fool.com , it is indicated that PLUG is just a cash hungry company that's burning through it faster than it can make it for the last 2 decades. On the other hand, simplywallst (site) sees the fair value as around $8. Even with that being said, the analysis from SimplyWallSt indicates that the company will continue to be unprofitable in the next 3 years.
Motley advises that TELL is a better stock option in hydrogen fuel cells than PLUG. I have not researched TELL as I am invested into PLUG for the past few days and don't have interest at the moment to trade into TELL and out of PLUG. The next time I invest, I will evaluate TELL and determine if I should diversify into them and will provide an analysis if that occurs.
However, what I will leave you with is this on the PLUG side. The average board member has been serving with them for 9.2 years. The average age of the board members is 62 years old. In the last 3 months, 2 insiders bought 112,286 shares of PLUG. On the TELL side we see that the CEO has been with them for under 3 years, and 1 insider has purchased 42,320 shares in the last 3 months (roughly the same monetary amount as on the PLUG side).
When looking at the stewardship and profitability of TELL vs PLUG, what stands out most is the following: "TELL is unprofitable, and losses have increased over the past 5 years at a rate of -27.6% per year."
TELL forecasted future growth from nearly a dozen analysts = -16.9% in the next year.
PLUG forecasted future growth from half a dozen analysts = 56.5% in the next year.
Your choice. I made mine when it comes to hydrogen cell stocks and am not backing out any time soon.
Cobalt stock watch listLast year, cobalt metal prices increased more than 130 percent, fueling investor excitement. Since then, cobalt has made news headlines again and again, as more carmakers and tech companies continue to look for long-term supply of the critical metal.
Source: Canadian based Investor News Network: In March, Cobalt Blockchain engaged Better Chain to provide a blockchain-based platform to demonstrate the compliance of cobalt and other minerals with international standards on responsible procurement. Shareholders also approved the company’s name change from Peat Resources to Cobalt Blockchain. On March 22, Cobalt Blockchain announced definitive joint venture agreements on cobalt projects in the DRC and filed a cobalt trading and export license. On April 3, Cobalt Blockchain, together with DLT Labs, signed a letter of intent to establish a joint venture to provide secure, traceable and transparent methods for tracking and certifying the provenance of metals and minerals.
COBC
COBCF
TSXV:FCC
TSXV:GIGA
TSXV:KBLT
ASX:COB
TSXV:CUZ
OTC:CBLLF
NMX Nemaska Lithium INC. Potential Bounce Area and gains!keep it simple, be sure to follow for updates, and check out my other charts for massive gains!
I see buy signals on the MONTHLY, with positive momentum forming. We have had a long year pull back, with the 60 cent area looking like short term support.
I have a short term buy zone and potentially longer term sell labeled.
This is high risk, as I only charted this as requested from a follower.
Happy trading, debating and speculating!
Rebound PlayI previously charted this stock with the hopes of a breakout to the upside with all new highs. I liquidated before the recent overall market pullback that happened. The one aspect that will always get me into a stock is CONSISTENCY. If the price action seems to continue to follow past trends it is safe to assume it will do the very same again. Now......I am not all in here. A few things to occur before I start investing money in CTEQF again.
1. Consistent, and high volume.
2. Steady climb in indicators.
3. Electric car frenzy needs to continue....lol, of course this will happen.
DX - USD is loading for a huge breakout.I have seen this many times bevor in many timeframes.
This "pattern" is like a loading battery.
The question is, in which direction will it unload it's energy?
This is a weekly chart, and therefore it has a important meaning to me...really observing this one very close!
Armstrong says, that the USD will rise in a super crazy height.
This could be the start - the load for the trip to the moon...
Hunt mode on for a longterm trade...
P!
TSLA potential long opportunitybuy point ~ $355
target ~ $390
stop loss ~ $325
potential gain of approximately 10%
potential loss of approximately 9%
approximately 1:1 risk/reward ratio. this is a high risk, high reward stock as it tends to make quick moves either to the upside or the downside, however, if it does approach the target of $390, it can potentially reward you very quickly far beyond the $390 mark given the model 3 rolls off the lines as planned.
keep in mind, this is still a very risky stock, as if the model 3 delivery is delayed or if there are any widespread defects, the company will lose a lot of its hype and hype is what appears to drive this stock.
catalysts for this stock in the upcoming months:
+earnings reports
+the tesla model 3
Tesla breaks out of a 3+ year rectangle to the upside before ERAs earnings near, Tesla breaks out above its 100 day moving average (pink line) and a 3+ year rectangle pattern (blue lines). If earnings beat, diagonal support line 1 could be breached, starting a $95 move upward as forecasted by the rectangle. New support at diagonal line 2 and blue line Y. RSI is still in a bullish upward channel, but let's watch for a movement above 70.
DJIFF - A Grand Future Ahead.I feel as though this is a stock that's less appreciated. They recently acquired 11,000 acres of land in Argentina for $60,000. The exciting part about this is that Argentina has like 70% of the world's lithium or some crap like that, idk look it up. That being said the fact they bought land in a nice spot is telling me they have a good relationship with the local government. I see a good future for this company as well as PEMIF when lithium demands start to rise. I would get in early for this and ride it out.
To top it off they even had some promising scans in Nevada for drilling. Can't wait to see where they go.
$AXPWD Bottomed Post-RsSeems like ,06 was bottom, today price action in the power hour from ,11 to ,18 real quick,
Everything under 1$ looks goooood
[Tesla] Attractive bet for quarterly announcementPretty attractive bet for quarterly announcement in 3 days if the price isn't pumped beyond US $235 by then.
Catalyst:
-The upcoming Tesla Model X by early 2015
-More details on the gigafactory battery partnership with Panasonic (Confirmed)
>>> Big loss will continue due to the cost of the land and building, Panasonic will cover the cost of the machinery.
-QoQ/YoY increase in the sales of Model S
-Europe & China expansion plans
Bears:
-Quarterly loss is still expected, it depends if it able to beat the -0.24 estimate with a lower loss
-"Anal"-yst bullcrap on car fire again
-------------------------------------
Entry: $230
Stop loss: $221
Take Profit: 255
$AMEL On Bounce WatchOn the hunt for the next hot sector? Will the Pot sector return to glory? Well the lithium sector could become the front runner with the right catalyst. Tesla is on the move to build new factories and add in a rise on oil and the lithium stocks could get dragged into the spotlight.
Aside from that speculation; $AMEL is a former runner that is starting to form a nice base at the .0024 area. I will be watching for a break above the shown downtrend line with some volume and we could have a nice bounce.
Ok, now its time to get back to my DD on $TSLA and lithium OTC stocks.
Good Luck!