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Cathy

a weekly price action after hour update - tesla #5Good Evening and I hope you are well. Let's review my short term outlook from tesla #4 2024-04-03.. "short term: 150-160, earnings in 2 weeks should bring us below 150 and on our way to 100-110." Earnings being released on Tuesday after US close. I have absolutely not edited anything from the drawn wave thesis 2 months ago. This stock is in a strong bear trend for 2 years and not a single soul will know where the bottom is. I stand by my outragous forecasts that Cathy will retire and Elon will scramble to come up with new equity to finance twitter because Tesla stock has lost more than 60% of it's value from the all time high. bull case: Bulls tried for 4 months now to keep this above 180, then 160 and now 150. This will probably free fall now to 100. Bulls praying for a miracle earnings report. bear case: 150 broken with force. Nothing stopping this to 100. Could earnings on Tuesday surprise upwards? I am not allowed to swear on tradingview but there is a song from Snoop with a perfect title. It's from 1999, ends with please and featured Xzibit. short term: 100. medium-long term: Bulls better pray for 100 to hold, otherwise it's 65 next.
NASDAQ:TSLAShort
by priceactiontds
a weekly price action market recap and outlook - tesla #3Good evening and i hope you are well. tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish. Last week i wrote the following: "bear case: Price action wise was this a wedge bear flag which broke down and now market will test 175 if there are more buyers than sellers. Not rocket science so far." I still did not adjust my wave thesis since 2024-02-11. I added a sub w5 for the bigger w3 to make it clearer what i expect the next weeks. bull case: Do or die here at 170. The bear channel has to hold or we will flush down to around 150. If bulls manage to hold 170, we could probably see sideways movement to the upper bear channel, where i expect stronger selling again. Bulls can probably only stall the market until next earnings 2024-04-17 and pray for a elon miracle. bear case: Nothing bullish about this stock at all. Bears are in full control and selling everything. If they manage to break below the bear channel, the long covering will accelerate it to 150 but probably not much further before earnings. If earnings are as bad as i expect, the remaining die hard bulls will give up. Except for Cathy. This stock and her fund will go down in 2024. short term: below the bear trend line is hell for bulls - if we bounce here, probably sideways till earnings between 167 - 180 medium-long term: down - what would change that? trading above 270 --unchanged outlook
NASDAQ:TSLAShort
by priceactiontds
1
PLTR - Massive Divergence on the horizon!Hello investors, As we can see, we had a huge Sell-off for a few weeks and today the move to the downside was massive! Palantir is signing more and more contracts, while the price is falling, which would mean that the only reason for the fall is the over-all bearish sentiment in the market. We can see the enourmous divergence that we have on the RSI on the 4hr chart and this indicates that we are near the bottom of the fall! Fundamentals of the company are more than amazing as we are a huge devoleper of an inovative industry, so huge returns are expected once the whole market becomes bullish. A long-term BUY position is a safe and smart move and since Cathy has been buying the stock a lot during the last few days, she should have acquired an enormous amount of shares today and with that the bottom of this fall is near. Good luck to all my fellow investors and traders!
NYSE:PLTRLong
by donaitelo
1
SPCE - Time to reach new All Time Highs!Hello guys, thank you all for tuning in! I am going to divide the analysis into 4 parts, so we can go deeper into the trading idea! Technicals: - The price completed the Cup and Handle pattern on the 1H chart and went from 34$ to 44$ and even higher. - SPCE broke through the Daily Triangle shown on the chart with enormous volume and the next target is 50$. - The pullback is to be expected to 40$ - 30$. The price has soared too fast! The RSI is overbought on the 1H, 4H, and Daily charts and we have a Divergence. - After the pullback, the Daily Triangle pattern has a target of 70$. Fundamentals: - ARKX is the new Space ETF, created by Cathy Woods. It had a huge contribution to the jump in price. - There are many rumors about SPCE being included in the ETF. Cathy has been aggressively increasing her position and believes in the company Long Term. - SPCE is most likely going to be in the top 3 positions of ARKX, so this will drive the price even higher. - The problem with the engine has been identified and is going to be taken care of. A new test flight is to be expected in February. - There are going to be a few more test flights driving the price up. - Somewhere between March and April, Sir Richard Branson is going to fly into space and be the first Space Tourist. This will be huge for SPCE, the target will be 100$. Conclusion: Virgin Galactics is an extraordinary company. They are creating a whole new industry of Commercial Space Travel, so the returns, if they succeed, are going to be enormous. This stock in my opinion is an extremely Long-Term investment. I would say it is a speculative stock and right now, they are on the right path! My price predictions: - 1 year: 150$ - 200$ - 3 years: 300 - 500$ - 5 years : 500$ - 1000$ This is not a financial advice, please do your own DD. I would appreciate the like and follow as this will keep me motivated to post more trading ideas! Feel free to share your trading ideas or add something to this idea in the comments. See you guys on the next trading idea, take care!
NYSE:SPCELong
by donaitelo