TSLA: Will The Structure Sustain?TSLA
I made an argument earlier this week that since the last 'golden cross' in late March, TSLA stock price always bounced off of the 200 MA level in an hourly time frame. "When is the next bounce?", I asked. I believe we are at that point now.
The question now is that if the current market condition will allow for this structure to sustain. Let's hope the structure sustains and we get to see a bounce up today.
Good luck and happy trading!!
Bounceoff
TESLA: When Is The Next Bounce?NASDAQ:TSLA
DISCLAIMER: This is not a "technical analysis" and more of a "hypothesis" for my future inquiries with this stock. I am personally an optimist for the EV industry and hope for it to grow.
TESLA stock price seems to respect the 200 period simple moving average in an hourly time frame. Since the 'golden cross' in late March, March 30th to be exact, the price has bounced off the 200 MA at least 'ten' occasions. Even if I don't go into all those pessimism regarding the company's fundamentals or overvaluation and stick to the simple trend analysis, the question remains: "when will be the next bounce?" Or is it a break of structure?
If you find this interesting then please let me know your thoughts. I will be posting more in this topic in the future.
Long Pullback Setup | Swing TradeAfter experiencing another rejection from the previous resistance area, price appears to have shifted in momentum. We are moving downwards and expecting to see the price slow down around the 0.618 Fib retracement level. It also corresponds well with our previous resistance line (which is now acting as support), and on top of that, there is the respectable ascending trendline obviously.
EUR/AUD: Swing-Setup! Sell OPPORTUNITY!Read desription..Hey tradomaniacs,
welcome to another free signal!
Important: A breakout soon is very likely. IF we stagnate at the entry sideways and get above the trendline,
Make sure to close the position of the market does not react and bounces off. We need to see profit-safes.
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Type: Swingtrade
Sell-Limit: 1.59809
Stop-Loss: 1.60300
Target 1: 1.59114
Target 2: 1.58752
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
NZD/CHF: Swing-Setup! Huge Chance to sell this baby!Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the retracement down to entry!
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Type: Swingtrade
Sell-Stop: 0,68794
Stop-Loss: 0,69034
Target 1: 0,68610
Target 2: 0,68252
Targt 3: 0,680
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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WAVES -WAVES seems to still be under the ichimoku cloud on most time frames. If you look back at the past it has rarely ever broke through the ichimoku cloud. In this market I do not suspect it to do so.
-On the contrary, there does seem to be people accumulating this one based on the volume and falling wedge starting to form.
Overall, I do not expect huge gains from WAVES currently. At the most, we may see a 10% increase.
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