Rare Tesla Chart Just AppearedA rare perfect fractal chart of Tesla just appeared. In this video, I explain that while it may be bullish in the short term, the long-term chart looks quite ominous.
Link to my TradingView post on Advanced Bull Flag Concepts:
Important Disclaimer
Nothing in this post should be considered financial advice. Trading and investing always involve risks and one should carefully review all such risks before making a trade or investment decision. Do not buy or sell any security based on anything in this post. Please consult with a financial advisor before making any financial decisions. This post is for educational purposes only.
EV
TSLA vs NIO: Buy and Sell EV's against each other v2!Okay so an update on a strategy we have been working on since well into early 2019. if you want to see the earlier chart it will be here or down below.
$1000
May 29 2019: Bought TSLA @$189.86 or 5.2 shares
a number of trades
October 26 2020: Sold NIO @$26.01 (cash $14,726) for TSLA @$420.28 or 35 Shares - total now 93.5 shares of TSLA
Current Total = 93.5 Shares of TSLA for value of $38516 or $37515 in profit
V2 starts with this refresh of the chart after a few splits.
An entire year went by until end of july 21 we started to see some slack in the market.
April 27 2022: Sold 93.5 shares TSLA @340.87 for NIO @18.28 or 1736
June 30 2022: Sold 50% of NIO 836 @22.01 for $19113 for tesla @301.76
NIO836 TSLA63
August 25 2022: Tsla split 189
September 6 2022: Missed a TSLA sell on Sept 6
October 31 2022: Tsla sell 189 @227.10 42921 Bought NIO @9.66 for 4443
total NIO 5279 shares
January 6 2023: Sold 50% NIO 2639 @9.82 25921 Bought TSLA 106.4 243 shares
February 15 2023: Sold TSLA @212.37 51735 for NIO @10.22 5062
Total 7701 Shares of NIO or $78708!
February 22 2023: didn't like what we see so we sold all NIO @10.14 $78088
50% cash 50% TSLA @$197.18 or 198 TSLA shares and $39042 in cash
NIO: CHART UPDATE / SUPPLY & DEMAND / FULL BREAKDOWN & RSI DESCRIPTION: In the chart above I have provided a SEMI-MACRO analysis of NIO STOCK. As an update to my previous chart on NIO this chart features a much more clear interpretation of where price action can head in the near future.
POINTS:
1. Deviation remains the same. MACRO DEVIATION = 10 POINTS, MICRO DEVIATION = 2.5 POINTS
2. Current Trend: Symmetrical Triangle Pattern
3. Earnings Report 03/23
RSI:
1. Pay Close attention to Lower Lows in Price Action & where RSI tends to reset at those given points.
2. Notice how RSI is showing sideways momentum in OVERSOLD territory for NIO this is usually indicative of an upcoming shift in momentum as SELLING BECOMES EXHAUSTED.
IMO: Let's take into consideration that lately COMPANY FUNDAMENTALS have not reflected onto NIO's STOCK PRICE but I would also take into consideration just how beaten down this stock is and where China's economy is currently headed.
SCENARIO #1: In a BULLISH scenario price action holds above 10 & sees next move up to 12 to confirm continuation of current setup before another possible retest of 10 as a SUPPORT. BREAK OF 13 would be a BULLISH entry point imo.
SCENARIO #2: In a BEARISH scenario price action loses 10 as a SUPPORT and will rely on 9.50 as a SUPPORT if this were to break SUPPLY & DEMAND CHANNEL will rest between 9.50 & 7 digging an even deeper pit for NIO to climb out of.
FULL CHART LINK: www.tradingview.com
NYSE:NIO
PSNY: CHART UPDATE / SUPPLY & DEMAND / SEMI-MICRO ANALYSIS / RSIDESCRIPTION: In the chart above I have provided a SEMI-MICRO ANALYSIS of PSNY. With previous setup being invalidated with continuation of sideways price action and continued consolidation.
POINTS:
1. Deviation of 1.50 points justifies SUPPLY & DEMAND POCKET PLACEMENT.
2. RSI has now officially reached 40 threshold signaling an entry into OVERSOLD TERRITORY.
3. MACD CONTINUES LIMITED BETWEEN 0.14 & -0.14 without major shifts.
4. Despite RSI's drop into oversold territory, MACD continues to hold squeeze momentum.
IMPORTANT: EARNINGS REPORTED ON MARCH 3 & BREAK OF 6.50 WOULD BE FIRST STEP BEFORE FURTHER UPSIDE.
SCENARIO BULLISH: In a bullish scenario it would prove crucial for price action to hold above 5.50 with an eventual break above 7 to move price action into NEW SUPPLY & DEMAND POCKET.
SCENARIO BEARISH: In a bearish scenario price action breaks 5.50 to the downside and we come to continued bearish momentum to $4.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
Stay Away And Come Back To Tesla?At crazy valuations I have to think this way. Two possible price movement with both pointing downward first. Might be good to stay away and watch the price action before blindly going all in. Especially when demand is coming down for products in the US. Thanks for the view...
$TSLA chart analysis 👁🗨️*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NIO seems to be inbound $15On the 4HR and 1D it seems like we can bounce back to mean price from around $10.
Stance is neutral, will take profit at $15, be cautious of downside but I think we may gap up first, then towards $20 if this rally lasts into early Q2.
$7 would be the floor if price rejects.
Stay safe.
Ride $1.85 | Ev pickup trucksunder rated and valued... @ $380Mcap this is a steal ... looks like big funds are discretely getting volume
and great news are concealed with DOWNLPLAYE coverage for Q1 and Q2 2023 earnings .
Dressing up for $1bn++ mark valuation
Tesla - What's next?Tesla Bulls have partied in January...will the party continue?
A measured move into resistance, is now going to test the resolve of the bulls. Will the bears over power Tesla as the yields spike or will Elon announce a Twitter CEO that pumps the stock?
Tune into to our streams to see how we will trade TSLA.
TSLA BULLISH PIERCING CANDLESTICK With the recent release of teslas quarterly reports that we’re better than expected we saw a push to test 180.00 with a slight pullback, depending on feds decision we can see push higher to 300.00. With more manufacturing and infrastructure updates in the upcoming months if positive these could help push price back to retest precious highs.
$NIO earnings play 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Entry: $21.31
Take profit: $27.50
Stop loss: $20
If you want to see more, please like and follow us @SimplyShowMeTheMoney
what would a turnaround in tsla look likeim using the same lines i did when i was short. im just switching directions. this is a companion post to related idea. all ma and oscillators are also bullish here, leading to the conjecture continuation is likely along trend lines and the following swing based strategy using these support and resistance is feasable.
tsla longs fighting uphill battlebulls are in control of this move but lack the follow through necessary to make a convincing move to the upside look like a change of weekly momentum. weve made a daily bounce that retraced enough to say a lower low is set, but havent made a higher low or confirmed the move with a trip above the last bearflag area/value area high. weve also started forming a topping out proccess 4hr as indices futures fail to climb over a top like 4037 es1!, and this has happened every leg of the way fown for stocks making me think we need to at least revisit the dotted line, and if we break through it id look for the lower horizontal. if we support in the mid range and move higher, especially if indices are breaking out with multiple sectors green, or if we get immediate continuation id still be long.
PSNY: MACRO ANALYSIS / REVERSAL IMMINENT? / SQUEEZE? (UPDATE)DESCRIPTION: In the chart above I have provided a SEMI-MACRO ANALYSIS of PSNY where I address Current Trend, Supply & Demand, RSI & MACD.
POINTS:
1. DEVIATION stands at 1.50 Points separating given SUPPLY & DEMAND POCKETS.
2. Price Action is finally finding support above the 45 EMA (BLUE LINE) while the 200 EMA (RED LINE) looks ready to go under & CONFIRM BULLISH MOMENTUM.
3. SYMMETRICAL TRIANGLE FORMATION had a BULLISH start further confirming a BULLISH EXIT from trend.
4. RSI median is positioned near 50 similar to previous positioning before rally occurred.
5. MACD volume is staying within 0.18 & -0.18, a flatlined MACD is preferable since it would signify that buying and selling pressure is equal and preparing for a big move.
6. ESTIMATION for potential rally from current floor can be found on the right hand side.
IMPORTANT: PAY CLOSE ATTENTION to VOLUME and just how dramatically dead VOLUME has been since the 27th of JUNE 2022. Can have something to do with how much of PSNY shares are traded in DARK POOLS. This can in fact work out for PSNY since a slight exposure to previous levels of VOLUME can in fact result in a BULLISH REACTION for PRICE ACTION.
SCENARIO #1: In a BULLISH scenario price action would have to break past 7 points to validate setup and give way for price action to continue breathing.
SCENARIO #2: In a BEARISH scenario if price action is to break below 5.50 current setup would be invalidated and give way to further downside or consolidation.
FULL CHART LINK: www.tradingview.com
NASDAQ:PSNY
NASDAQ:PSNYW
Tesla Inc. (TSLA) bullish scenario:The technical figure Channel Down can be found in the daily chart in the US company Tesla Inc. (TSLA). Tesla, Inc. is an American multinational automotive and clean energy company. Tesla designs and manufactures electric vehicles (electric cars and trucks), battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla is one of the world's most valuable companies and is, as of 2022, the world's most valuable automaker. The Channel Down broke through the resistance line on 24/01/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 18 days towards 168.10 USD. Your stop-loss order, according to experts, should be placed at 108.76 USD if you decide to enter this position.
Tesla Inc. said Tuesday it plans to spend $3.6 billion to expand its Sparks, Nev., gigafactory where it currently makes batteries and electric-vehicle parts.
The announcement came a day before the EV maker reports crucial quarterly earnings, and after CEO Elon Musk completed his third day of testimony in a trial over shareholder losses following tweets he made in 2018 about taking Tesla private.
Tesla said the battery facility would have capacity to produce “enough batteries for 2 million light duty vehicles annually.” In early January, Tesla said it delivered about 1.31 million vehicles in 2022. Analysts expect Tesla to increase deliveries to about 1.92 million in 2023.
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Tesla - What's next?Tesla has been rejected off of the clear resistance trendline in red. This means it likely needs additional consolidation before breaking through; opening up a retrace lower to the next support.
A gap fill play around $113 may be a good accumulation zone pending the relative market strength in the SPY/QQQ.
The negative side for TSLA action today was the fact that the stock was up most in the premarket over 3% and ended up reversing down -2%.