Tesla 205 After earnings !!!after earnings Tesla going back to 205 . !! TP wait for a possible 220 or Pull back to 193
Keep it simple
Be Patient
Believe in your Strategy
DO NOT OVER TRADE OR OVER LEVERAGE !!!
Model3
Tesla has a LimitTesla has a stock limit. It may look like its running way out of what we thought was possible, but it's just reaching similar peaks as it did in the past. This logarithmic graph shows their exponential growth in linear terms. I predict they'll peak at 525 or at 580 before returning to more modest numbers. It may run over those numbers if people see the stock as a pump and dump with it's current growth. I may try to profit from 480 to 525 but I'm out until it gets back into the 400s.
Tesla potential short through support down to $260On an overall trend, TSLA has been forming lower highs if you extend the view on a weekly chart. The new low at $360 based on the previous high on a larger timeframe suggests another impulse move lower. The pop above $300 was due to the earnings report that managed to beat finally on a positive note which got investors extremely excited. We suspect some more downside to erase some of the earnings euphoria after the release of the new Tesla truck. There is a level at $310 that may hold support based on market structure. The move is very overextended from the Fib extension hitting the 161.8% extended level before showing signs of resistance. A break of $310 will open the downside and a potential gap fill into $260.
TESLA ... LONG TERM ONLY ... TESLA is trading in an ascending triangle for so long, but it's getting too much attention from NSC and MEDIA. About their policies and future. still, consumer report shows us that TESLA OWNERS are very happy with their product and in the next few years it's the only company that's going to dominate the EVs industry. so I think in long term its good to go long.
$TSLA - Tesla - LongI have added my second position on Tesla at $351. The first is in at $330.
The set up ticks all my boxes. Engulfing bar on double the average daily volume. Stoch and RSI oversold.
We have conflicting profit targets from various banks and funds. Goldman believe it is going sub $200, where as Nomura holdings have a PT of $500. As far as I am concerned Tesla are an innovative company way beyond their cars and are shaping our future technology.
We are, by our very nature speculators and therefore Tesla is a strong buy for me.
TSLA: Ready to resume the quarterly uptrend?I think $TSLA might be about to jump, and continue the quarterly timeframe uptrend. The first target for said rally is interestingly, the same potential target we would get from the weekly trend, which will become active once we break up over the resistance. I bought here for the past two days, aiming to catch the exact bottom in the daily timeframe, after two severe corrections took place in the stock, since we sold at $365 a few months ago. With the potential the Model 3 has, I think a rally from these parts is highly probable.
As a sidenote, cryptocurrencies follow a similar path, with one in particular exhibiting almost the same shapes and timing for all the price action since inception. I'm talking about $ETHUSD, you can check it out on your own, fairly interesting and might be an implication that both will rally together once more, since I see them both as a buy here. Both instruments, although seemingly dissimilar, might be part of the same macro trend, probably related to the spending habits of the young population.
Best of luck if joining us in this trade,
Cheers.
Ivan Labrie.
