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Momentumstrategy

TESLA ~ MONTHLY Chart Bearish!!!Tesla, an absolute beast of a company, an investors dream stock to have been holding the last few years, and one that everyone wants in their portfolio. Tesla has actually help up surprisingly well in this Bear Market thus far. Tesla has outperformed many other beaten down tech stocks with soaring growth in deliveries, and revenue. Tesla has solid fundamentals, but is definitely still priced at its future growth projections rather than its current value… which most of us already know. Tesla did recently miss on deliveries, but that’s not what we’re diving in to today. Today we’re diving In to the Technicals of Tesla, and what the monthly chart may be indicating for the stocks’ future. TSLA has quite the bearish monthly chart in my opinion. We are seeing a head and shoulders on the monthly including a shooting star candle for the month of September, possibly signaling a bearish reversal from its recent month rally. Added on to the Head & Shoulders pattern we are witnessing, the TTM-SQUEEZE momentum indicator is signaling a momentum shift from bulls to bears. The first time on TSLA monthly chart since Summer 2019… showing Tesla may need a breather anyways. There is no better time for the breather on TSLA than now in my opinion. I think a medium/large downshift has been waiting on the stock, and now is perfect time for this to occur. All technicals are leading to this, bearish momentum, the shooting star candlestick, and the monthly head and shoulders. Overall my thesis is bearish on TSLA, we will probably be seeing a test of the trend line / neckline for the Head & Shoulders in the coming days or weeks. A break below that could result in seeing a dump to support area of $165, and lower to early pandemic levels. Thesis : Short Tesla thru Technicals, and buy the crash. Long term thesis : Tesla is a 5 star company, and a crash would be bought up fast and aggressively. Price Targets : (NeckLine), $165 area, $110 area, $65 area
NASDAQ:TSLAShort
by ZachSap
2
XAUUSD Swing opportunityHello Traders. Let me share my perspective about XAUUSD . There is a momentum trendline broked yesterday which was begoned at 16.08.2022. I would like to see a retest this month on the trendline and a continuation divergence based on VVV Destroyer. VVV+ Shows us the momentum based on candles, and we can see a spike from yesterday, it gives space to make a correcting wave and to go towards 1764.00 to the previous order zone. After that I would like to see a continuation to the downside. Cheers, Flex
XLong
by VVVDestroyer
HUM: Test previous lows?Humana Inc Short Term - We look to Sell a break of 480.38 (stop at 489.09) Short term momentum is bearish. Daily/Weekly Ichimoku Cloud resistance is seen at 488. Further downside is expected. A break of 480.00 is needed to confirm follow through negative momentum. Our profit targets will be 455.29 and 440.00 Resistance: 500.00 / 520.00 / 580.00 Support: 480.00 / 450.00 / 400.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:HUMShort
by VantageMarkets