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TESLA earningsWe know covid is taking hit on companies, yet TESLA is a beast like no other. I'm not bearish nor have any position on this and would just like to give a heads up on levels to watch for on a pull back with earnings. Looking at the order book the past few days I've notice that the only buys and sells were from small investors and the 100 share buys are nowhere this week. News -Tesla is expanding heavily in ASIA and looking to open a factory in Texas, which is rumor after the recent California news on lockdowns of Tesla's factory. -There is a growing demand and they are the only ones that are exceeding in the green energy automotive sector. TA Not gonna give you a bull case because I have no clue, yet a famous investing group ARK said bear case is 1.5k to 7k and someone also said their max was 25k. I'm just gonna let you know supports and if TESLA is a bubble where to expect to buy. -Supports where TESLA went sideways before its run ups were at 1354.74, 989.16, and 824.83 -If you believe in TESLA its best to take some profits without selling all your position -If this was a bubble a 70% correction takes TESLA all the way too 529.89. -MACD is showing bearish action -RSI is a little overbought, but could move higher -volume is dropping, yet can be seen in the live trade orders Bubble Signs of a bubble can be seen since its last earnings that grew attention that took from its $200 price to $900. First is early birds before the first $900. Than the first sell off Than just sideways than it grows momentum Than talks start going around Media jumping on board Institution FOMO and Boom Not saying its gonna pop anytime soon since TESLA is focus on expanding and could grow more long term, yet short term be wary of what could happen. I believe in TESLA spaceX program with going to mars and I'm not too worried about missing out since you can make money anywhere, yet with Ark giving a price target of another 7x and even 25x you might want to take some profits before eod. Again good luck to all the holders and long TESLA longterm but wary short term.
Editors' picks
NASDAQ:TSLA
by nathanielx9
7
NKLA a buy or a Wait?NKLA has entered close to a buble correction with it hitting 60% correction with $28 being a 70% correction from the high. I personally bought a portion from my portfolio for a speculative play with NKLA world coming up and earnings coming very soon. News -Trevor is more active on social media defending NKLA, yet isn't as comical as Elon -NKLA with Trevor has been posting more on NKLA's semi, yet we still haven't seen sneek peeks of the Badger just yet -Preorders of the badger came out, yet no numbers have been publish, to me I'm waiting for earnings to see if they discuss them and orders on the semis -on July 1st the PIPE and aquastion were able to sell and we saw the a massive sell off. Take this with a grain a salt since alot of bulls say there's no proof they sold, yet we havn't seen them buy/hold either. Only thing we have seen is volume picking up after that day that is comparable to the first run up to its ath. -To recap current NKLA news I do recommend watching "Financial Education" since he has pretty good summary of current news that is unbiased and raises questions that common investors like you and me have. TA -Volume is still massive since NKLA last earning report and at current price if the uptrend continues a price target of $106.35 is something to watch out for if it produces the same % return. -Major resistance between the old trading zones of 59.90-69.94, which you can speculate at current levels did with caplation after the PIPE and Warrants were available to be sold on the market. -RSI is beyond oversold on the Hourly and the daily its oversold sold by 14. -MACD is playing around atm showing uncertainty what the investors want. With past experience it could mean more downside unless there's positive news that comes out. -EMA are bearish with the gap widening with a possibility of a quick trade for a short squeeze. -Levels I'm looking at is the 70% correction zone 27.88-37.29 to find a new support base and have the volatility slow down. -Current VPVR levels show we are under high volume interest which reflects the oversold RSI showing a move to the upside is very possible in the short term Final thoughts I think in the short term we could see upside, yet don't be surprise seeing a sub 30 NKLA. I'm buying for speculation on earnings report and NKLA world in december and think its a great time to get in a small postion until you see confirmation and positive news before going all in on the speculative play.
NASDAQ:NKLALong
by nathanielx9
6
$NKLA Will test prior support for resistance, make or break timeMake or break time for NKLA. It will more than likely test it's previous support trend line, the test will confirm it as resistance now and signal a longer term bear consolidation period, potentially going much lower. It will probably continue to hug the previous support trendline, now resistance trendline until the stock (which is turning up right now) gets exhausted, when it turns down especially if it doesn't enter the bullish control zone, there will be a big move coming.
NASDAQ:NKLAShort
by TheGreatBatsby
Battery Cars Are Charged Up!Please check out my blog post for a full breakdown: www.derzzycharts.com Electric vehicles… the future right? Who cares?! We’re here to profitably trade stocks. Today we have TSLA, NKLA, and NIO compared with each other on the daily. The gains in these stocks have been massive. I would call these high beta, but I feel like they even exceed that definition. The other thing that blows me away is the correlation between them. We may have spotted a small lag that could be signalling a pullback in TSLA. Let’s check it out! It’s like they take turns breaking out, then breaking down. First NKLA broke resistance and went ripping, then NIO, then TSLA. Then just like clock work, we see the breakdowns. First NKLA, then NIO, then… well actually TSLA has not experienced a pullback yet. Will it? Well that is the question. Happy Trading! Brandon Anderson brandon@derzzycharts.com @derzzycharts www.derzzycharts.com
NASDAQ:NKLA
by derzzycharts
FVAC (FVAC.WS) - Could Be The Biggest SPAC play of 2020 >$TSLAThis will be brief since this ground zero and this #SPAC was just announced No technical Analysis since chart is so fresh and I just wanted to get this out before it starts going crazy I will address a few reasons why I think this will be the biggest #SPAC of 2020 and 2-5 X bigger then my $VTIQ (NKLA) call which went 10 X 1. Rare Earth Minerals - needed by all the major #EV companies MP Materials supplies materials essential to electric vehicles makers like $TSLA $SPAQ $NKLA etc, wind turbines, defense systems and many other advanced technologies 2. With Geo political tensions on the rise with #China MP Materials (FVAC) is the only rare earth supplier in the USA .. HELLO $TSLA . If China had a embargo $TSLA and other companies would have to rely on FVAC for all rare earth minerals 3. Chamaths latest SPAC acquisition and everyone and their brother wants to be invested with Chamaths , he brings a strong investor base to companies and has a track record of success In addition supported by Omega Family 4 Combined company to have an estimated post-transaction equity value of approximately $1.5 billion with over $500 million in net cash1 to fund growth strategy - A well funded company able to execute and take advantage I could go on and on so just going to post some links that will help you on your own DD but it could be as simple as this $TSLA $NKLA $SPAQ $NIO $SHLL $KNDI They all need 1 thing ... "Rare Earth Minerals" $FVAC.WS $FVAC is the only US company capable of breaking the #Chinese monopoly on them $FVAC.WS Is going to even bigger then my 10 x call on $NKLA The Battle of Why Rare Earths Are So Important www.youtube.com MP Materials, a Leading Producer of Rare Earth Materials, to Be Listed on NYSE Through Merger with Fortress Value Acquisition Corp ca.finance.yahoo.com
FLong
by InvisbleHand
1