TESLA on a wild rise just as expected a month agoOur last analysis on Tesla (TSLA) was exactly 1 month ago, where we stated the importance of breaking above the Lower Highs trend-line in order to initiate a rally:
As you see, the Double Bottom accurately signaled the end of the correction and the break above the Lower Highs, the start of a new rally. The rally is technically the sequence to a new Lower High of the long-term pattern on Tesla which has been a Channel Down since November 04. The price has now turned the 1D MA50 (blue trend-line) into a Support and on the short-term is targeting the 1D MA200 (orange trend-line).
This is a symmetrical sequence by all means to the previous rebound to the top of the Channel Down last March and those similarities have helped as projected this move. On the long-term we are targeting the 0.786 Fibonacci retracement level. A break below the previous Low would invalidate this and instead signal a sell targeting the 1W MA200 (red trend-line).
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Elonmusk
$TSLA Tesla Head & Shoulder c'mon Elon!$TSLA TELSA
I have been waiting so patiently for TESLA to meltdown and it just keeps showing strength and pulling through.
Elon fans are still strong while Elon is out frolicking on a boat shirtless with skin that hasn't seen sunlight since the pandemic looking for baby mama number 5.
As you can see above, TESLA has formed a head & shoulder pattern on the larger time frames, the monthly shows it best.
Head and shoulder criteria:
1. Buying volume is diminishing and showed most strength on the left shoulder.
2. The head is much higher then the left shoulder.
3. The neckline fits the description of a proper head and shoulder pattern.
4. We are beginning to form the right shoulder currently as Tesla broke out of the pennant to the upside after printing solid earnings and sharing its sale of BITCOIN.
Tesla hasn't even shown signs that it is breaking down yet, it hasn't capitulated or showed strong signs of weakness in this bear market.
I will be waiting patiently like a snake in the grass for my buying target near the Gap (red bar).
TSLA, Whats next and what are possible targets and buyzones?TSLA found a strong support at 50 % Retracement level. Does it continue to move up?
There are many details and somehow interesting tips in the video which you may find helpful !
We always trade safe and smart don't we?
Good luck everybody !
Don't Stop Believing in Tesla - Earnings Report ProjectionTesla's stock has fallen by roughly 40% this year as a result of oversold conditions. During the negative market phase, Tesla has experienced a greater decrease than the typical corporation, making its value appear more and more appealing. In addition, the business will undoubtedly outperform profits projections when it reports earnings on 20th July, and likely announce a stock split next month. Tesla also has an interesting new product that should hit the market next year, so the business may continue to outperform even if the slowdown lasts for a while. As the firm develops, Tesla is expected to continue exceeding consensus profit projections. As a result, Tesla's stock is now rather affordable, should be purchased during periods of weakness, and is expected to increase significantly over the next few years.
Tesla Financials
Tesla has not seen the dramatic EPS adjustments that the majority of corporations have. Forecasts for 2023 EPS are currently greater than they were quarter ago. This scenario shows that analysts may believe that earlier EPS predictions may have been overly low and that the firm may weather a slump better than other companies. Finally, this dynamic suggests that a temporary slowdown is unlikely to have an effect on Tesla's longer-term profitability.
In the rapidly developing EV market, Tesla continues to dominate. Tesla is the holy grail of electric vehicles, therefore even while a recession might temporarily have a small negative influence on the company's expansion, it is unlikely to have a long-term impact.
The Ukraine conflict, rising oil prices, and inflation have all contributed to sky-high gas and electricity costs. Record-high gas costs will likely encourage more people to purchase electric vehicles, with Tesla standing to gain the most from this trend. Therefore, over the long run, a recession should have little impact on Tesla's growth, profitability potential, and stock price trajectory, making the stock a great buy on any recession-related dip as we move forward.
If the shareholders accept it on August 4th, Tesla will split its stock once more. The majority of the time, stock splits are a positive move for equities. Tesla's share price would decrease from over $700 to approximately $277 as a result of the planned 3-1 split, making them more accessible to investors.
Tesla P.E Ratio
Tesla released its manufacturing and delivery figures. In the previous quarter, the business delivered 16,162 Model S/X vehicles and 238,533 Model 3/Y automobiles. The tremendous 750 percent increase in Model S/X sales was the first item that stood out in the positive data. Last year, there were some worries that the Model S/X car market would be oversupplied or that demand was waning. However, there is a substantial demand for Tesla's more expensive cars. Due to Tesla's temporary manufacturing prioritising of Model 3/Y automobiles, sales last year decreased. This sales pattern suggests that Tesla should continue to make significant profits from the luxury vehicle sector in the upcoming years.
Positive Cashflow
Tesla recorded a net income margin of 17.7 percent for last quarter. The most lucrative (conventional) carmaker Toyota (TM), which just recorded a gross revenue margin of 19 percent and a net income margin of 9 percent, is far less profitable than Tesla in terms of profitability indicators. Honda (HMC) has a gross profit margin of roughly 20% and a net profit margin of about 5%. Most of the time, their American equivalents have even lower profitability margins, with General Motors (GM) recently claiming a gross margin of roughly 15% and a net income margin of about 7%.
Although the average expectations for Tesla's future P/E ratio are only around 40, the business may have stronger than expected profits in the current quarter and in 2023. Higher-end 2023 EPS forecasts range up to roughly $21.37, and Tesla has outperformed consensus estimates by an average of 27.9 percent over the past four quarters. Given how consistently Tesla exceeds consensus expectations, many analysts may still be underestimating the company's profitability potential. Therefore, Tesla's EPS statistics may continue to grow more quickly than expected. The Tesla Semi should also start selling by the end of the next year. As Semi truck deliveries and bulk production get underway, Tesla's revenue will probably experience a significant increase. Tesla's future P/E ratio appears to be excessively low given the company's rapid growth pace. Therefore, in the future, Tesla's forward P/E might increase to about 37 and stay in the 32 to 40 area. In the upcoming years, Tesla's EPS should rise significantly, and as the company develops, its stock price may rise significantly.
Doge moving northIn case of a strong move up we will check the 0.985 price zone (Red dotted horizontal trendline in the chart) . That should be a strong Resistance zone.
0.10 psychological level of course.
This chart is an update due to the recent nice move up. Update of:
Again: NO price predictions here but maybe U can use the levels in this chart to track the future price fluctuations.
Hope you enjoy!
Twitter vs Musk drama continuing 🐑🤔On Friday Twitter will release it's earnings report so we can expect a lot of volatility that day.
🤔From technical point of view we have trendline that is acting like resistance and we have 32.00 level that is acting as support.
🤔Take a look at the volume at top.
A lot of people entered into long positions when they heard that Musk is buying twitter . Now, that the deal is postponed they are trapped and can be liquidated.
It's also very likely that their stoplosses are hidden below the 32.00 level so be careful as Smart Money might be willing to collect liquidity..
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Tesla - Earnings in two days! What will happen with priceEvent:
On Wednesday we have earnings report from TSLA. Since it's one of the biggest companies on the stock market and it's market cap is 1/3 of all cryptocurrency market, it will be interesting to see what news will bring us
Technical analysis
From technical Point of View we are trading in a range, shown on the chart with bold lines. On top we have local trendline that keeps the price bearish and will act as additional resistance.
What are the expectations?
As we seen global wellfare downturn and China's lockdown which made TSLA factories pause it's production, it's fair to say that expectations are quite low.
If earnings will be good we will squeeze to the trendline and break throught it, likely with a follow up of breaking out of the range.
What will happen?
If earnings report will be worse than expected, price will plumet and either
1. We see trendline false breakout and then squeeze to the bottom of the range
2. We see squeeze to the bottom of the range straight away.
elon targetcheck this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this check this
Follow the eye - detailsIn the chart there are 2 Median Lines, 1 Fan (Dr . Alan H. Andrews style) a trendline - and... a smiling dog 'cause it's Fun!
Now the Median Line per 1.2.3. been shared for the first time here
The Upper Parallel Median line test is where the Blu arrow is and it shows a dynamic resistance level that worked pretty well.
Here is another update of the same pattern:
Right now prices are close to the 50% lower inside Parallel Median Line, first small green arrow in the chart. The 2 green arrows show 2 potentially relevant support zones.
The second Median Line is the one per 1'.2.3. The prices tested the Center Line of this pattern (orange arrow). The second test been where the blu arrow is, and it's the 50% upside parallel of this Median Line (resistance).
This Median line been shared for the first time here:
and then here:
but the most important been this one
Considered the efficacy of these 2 Median Lines in the past we may have high probability to see these patterns working as good dynamic levels to check even in the future.
The dynamic trendline offered extremely relevant Res. zone that been tested multiple times and may worth a check in the future. The first time we pointed out the potential efficacy of that trendline been here:
The Fan using the Dr Alan H. Andrews settings could be used as dynamic support and resistance to check and the crosses of the fan with the trendlines generated form the Median Lines are called "energy points" and could be checked as price magnet levels as well as resistance or support and trend chaange detectors.
Maybe U can use the levels in this chart to track the future price fluctuations.
Hope you enjoy!
(Too much hurry from me yesterday, have to say sorry to Nico the moderator.)
btc is still bearish according to my analysis bitcoin is still bearish meaning its not yet the best/perfect time to buy, its slowly showing us a bearish structure on the 4hour time frame and its currently on the correction phase on the structure .(as indicated with yellow trend lines)
what's your take ?
Follow the eye @elonmusk @BillyM2kPrices going up and down: it's called "price fluctuation" and use to be driven by financial speculation. Prices and rates change as supply or demand changes. If something is in demand and supply begins to shrink, prices will rise. If supply increases beyond current demand, prices will fall. If supply is relatively stable, prices can fluctuate higher and lower as demand increases or decreases.
In the chart there are 2 Median Lines and 1 Fan - Dr. Alan H. Andrwes style - and... a smiling dog!
Maybe U can use the levels in this chart to track the future price fluctuations.
Enjoy!
This chart Update of
and
NAS100 [US100] Daily Outlook | July 14Long Term Outlook:
Looking at NAS100 Daily TF, the instrument remains bearish until 12949.00 level is broken. I see a trend-line joining 13500, 12949 and 12175 indicating that price may yet see 11163 area with enough volume .
Short Term Outlook:
a. Market is ranging between 11725.42 and 11644.00 (Range 0) and 1HR break and closure above 11725 zone will make price to test 11937 area (Range 1).
b. On the other hand, the break and closure of 1HR price bar below 11644.00, we may yet see a dip down to 11407.97 (range 3) with partials closure at 11533.51 (range 2)
Let me know what you think on the comment section.
NOTE: I trade NAS100 live from Mon-Fri at 8:45 AM EST/ 4:45 PM GST
Join the winning team!
-Kings
USDCAD 2h TA : +80 Pips so far ✅Well, we see that the price started to grow exactly where we expected, and today, with the increase in the CPI rate and the growth of the dollar index, it had a powerful movement from 1.29770 to 1.30600, that is, more than 80 pips ! Later, by collecting liquidity above 1.30520, it faced supply pressure and corrected to 1.30230! Let's see if it can hit the target of 1.30800 or not...!
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.13.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
NAS100 [US100] Daily Outlook | July 12Long Term Outlook:
Looking at NAS100 Daily TF, the asset remains bearish until 12949.00 level is broken. I see a trendline joining 13500, 12949 and 12979 indicating that price may yet see 11163 area with enough volume.
Short Term Outlook:
a. 1HR TF is currently ranging between 11798 and 11733. At the break and closure above 11798, we may see some bullish move up to 12041 area but with partials closure at 11877.75/11957.88 levels.
b. With a clean traffic to the left hand side, price break and closure below 11724 area will be a rare opportunity for a drop to even lower than 11552 level.
Which side are you on? Do let me know in the comment section.
NOTE: I trade NAS100 live from Mon-Fri at 8:45 AM EST/ 4:45 PM GST
Join the winning team!
-King
Must notifies TWTR that he is pulling out of the dealHere are 3 key points from the news that hit the markets regarding Elon Musk and Twitter ($TWTR)
1) Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter.
2) Musk’s lawyer claimed Twitter failed to comply with its obligations in the merger agreement.
3) Twitter’s board chair Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement.
Now if you ask me, fundamentally this looks horrible for Twitter, so I suppose that that we could only see bearish pressure come Monday. Furthermore, the overall market is super bearish right now and things look to only get worse and worse not only for Twitter, but for many market participants.
If we take a look at the technical analysis of Twitter it doesn't look too good either, with a failed bullish push in recent weeks being completely killed of and the recent price action forming 2x lower highs in a short period of time, to be this looks super bearish and add the fact of the above points and you have a super short opportunity!
Now remember, I am a day trader... there's no way I am looking to hold onto any trade longer than today, the only thing this weekly chart does is tell me to be more ready to sell than to buy, yet I'll be ready to do both no matter what as one of my main trading rules are to follow price action and don't fall in love with any direction.
Going back to the technical analysis again, we see the All time highs being killed off completely and actually forming a LOWER HIGH on the weekly chart, ATH was established in July 2021 yet it clearly formed a lower high on the weekly as you can see on this line chart. While we are at line charts, I prefer them for market direction because they tell me where price action is closing.
Anyhow, I don't want to rumble much more, I'm very interested in trading liquid assets and Twitter + NASDAQ will surely be liquid this week so I am as excited as Borat was when he visited America!
Look forward to great success :)
The TSLA CoilIt may just breakdown on Tuesday, but it may also pop up a little more first. Either way, it's bearish unless they can get above 770.
Getting under the coil and then struggling back up to test it for a few weeks makes most sense. I don't think it just flushes down hundreds of points without any attempt to recover 650-700. Fall is probably going to be a lot worse.
New investment for MondayTwitter investment idea:
Okay so last time I posted about this company was when Elon was taking over the company. We did get a big boost then and I was thinking of buying some shares once the price was back down a little bit and all of the hype was calming down a little.
When we have a look at the chart now we can see that the big sell of in the stock market that we got last week was the right thing that we needed for this company. At the moment we are in the 40 range and that is the range I was looking at in the beginning to start investing into it. We can see that the big gap we got from the news is fully closed back so we can start to see some normal volume coming into the company for the next weeks I hope.
I am going to see and wait for the NY opening on Monday to see what the stock price is going to do. Then after a few hours I will be adding this company to my portfolio. This is a long term investment portfolio so this is not a company I am buying to just make a quick buck. This is a company that I will be holding for at least 5 years. Once the price is good for the company then I will sell it. So if you are just looking to make a quick buck then I would suggest you to not invest into this company for now because there are way better companies that are going to have big growth in the coming months but not in the long run.
If you have any questions feel free to send me a message.
If you like the idea do not forget to give it a like and feel free so share your idea on this in the comments.
Everything you see on my profile is just for educational purposes only.
ETH 30M : A trade Position is blinkingEth in 30M time frame has a perfect potential for both buy & sell positions ; Buy after the pullback if the bearish trendline is broken or sell after the pullback if the static support is broken. Let's see
What is your idea ?
share your idea , and if you have any questions feel free to ask me in comments .
thanks for following me
Doge - Bullish structure has formed!Reasons to take long:
⭐️ BTC needs a pullback
⭐️ Trendline is 2 months long
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ Pullbacks are getting smaller
⭐️ 6th touch
⭐️ 30 ATR
⭐️ Over VWAP
Will enter when price squeezes to the level on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones