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Tesla

APPLE BACK TO 182 SOLID POSITION Long Position: Key Points: Strong Fundamentals: Apple has a history of solid financial performance, driven by its diverse product ecosystem, including iPhones, iPads, Macs, wearables, and services. The company's consistent revenue and earnings growth make it an attractive option for long-term investors. Services Segment Growth: Apple's services segment, including the App Store, Apple Music, and Apple TV+, has been a significant contributor to revenue. Continued expansion and growth in the services sector can provide a more stable revenue stream for the company. Innovation and Product Pipeline: Apple's commitment to innovation, evidenced by new product releases and technological advancements, keeps the brand at the forefront of consumer technology. Anticipated releases and advancements in products like the iPhone and wearables can drive excitement and demand. Share Buybacks and Dividends: Apple has a history of returning value to shareholders through share buybacks and dividends. Share repurchases can contribute to stock price appreciation, and dividends provide income to investors.
NASDAQ:AAPLLong
by NYRUNSGLOBAL
Tesla - My Trading Plan For 2024Hello Traders, welcome to today's analysis of Tesla. -------- Explanation of my chart analysis: Tesla has been trading in a triangle continuation pattern for a very long time now. We saw the same type of pattern back in 2019 followed by a 1.500% pump. A breakout above the current resistance trendline could lead to a similar price behavior. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
31
NIO 9.50 THEN 10 THEN 11 LONG Trading Idea for NIO Inc. (NIO): Long Position: Key Points: Electric Vehicle (EV) Growth: NIO is a key player in the electric vehicle market, and the global shift towards electric transportation provides a favorable backdrop for the company. Growing awareness of sustainability and government incentives can drive increased demand for NIO's electric vehicles. Market Expansion: NIO's expansion beyond the Chinese market and its efforts to enter international markets, particularly in Europe, could open up new revenue streams. Positive developments in international expansion plans may boost investor confidence. Innovative Technology: NIO's focus on innovation, including battery technology and autonomous driving features, positions the company competitively in the EV space. Positive advancements in technology may attract investors seeking exposure to cutting-edge developments. Battery-as-a-Service (BaaS) Model: NIO's unique Battery-as-a-Service model, allowing customers to purchase electric vehicles without the battery, could appeal to cost-conscious consumers and potentially expand NIO's market share.
NYSE:NIOLong
by NYRUNSGLOBAL
SPX 4800 LONG SANTA RALLY UNTIL 2024 Key Factors to Consider: Economic Indicators: Monitor key economic indicators such as GDP growth, employment data, and inflation. Positive economic data may support the upward movement of the S&P 500, while negative indicators could lead to volatility. Interest Rates: Changes in interest rates can impact the cost of borrowing and influence investor behavior. Keep an eye on central bank announcements and monetary policy changes. Corporate Earnings: Earnings season can significantly affect the S&P 500. Track corporate earnings reports for insights into the health of individual companies and the overall market. Geopolitical Events: Geopolitical developments, such as trade tensions or political instability, can impact market sentiment. Stay informed about global events that could affect the S&P 500.
SLong
by NYRUNSGLOBAL
ADOBE LONG 620 LONG 620 TP Long Position: Adobe has consistently demonstrated strong financial performance, driven by its leading position in the creative software and digital experience markets. The company's subscription-based model provides a reliable revenue stream, and its innovative product portfolio continues to attract a wide user base. Key Points: Earnings Growth: Adobe has shown impressive earnings growth in recent quarters, fueled by increasing demand for its creative cloud services. Positive trends in earnings can drive stock appreciation. Subscription Model: Adobe's shift to a subscription-based model ensures a steady stream of recurring revenue. This stability may appeal to long-term investors seeking a reliable growth story. Digital Transformation: Adobe is well-positioned to benefit from the ongoing digital transformation across industries. As businesses and individuals increasingly rely on digital tools for creativity and marketing, Adobe's products remain essential. Innovation: Adobe consistently invests in research and development, ensuring a pipeline of new and improved products. The company's commitment to innovation may drive future revenue growth and market share expansion.
NASDAQ:ADBELong
by NYRUNSGLOBAL
TESLA Do or Die moment to break the 2021 Resistance.Tesla (TSLA) is extending the rally following the buy signal (see chart below) we gave on November 07 at the bottom of the 1 year Channel Up: The price has had 6 green candles out of a total of 7 and looks to repeat the Bullish Legs of April - July and January - February. What's more important than that, is that Tesla is approaching its 'Do or Die' moment as for the 5th time in 2 years (since November 2021), it is about to test the Lower Highs trend-line of the All Time High (ATH). This huge Resistance level has rejected the price 4 times already, always initiating strong sell-offs. The 1W RSI has already broken above its own Lower Highs trend-line of July, so this could be an early signal of strength accumulation. If we get a 1W candle close above the Lower Highs, we expect the final phase of the Bullish Leg to materialize and that would have practically confirmed that Tesla finally officially entered into a new Cycle of long-term growth. The target remains $345.00, representing a +75% rise from the recent Channel Low (-20% from the previous Leg). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLA
by TradingShot
1
TESLA: Buy this dip at the bottom of the Channel Up.Tesla is inside a Channel Up and right now is repeating the November 09 pull back. This time it has the additional support of the former Lower Highs trendline and the formation of the 4h Golden Cross. The technical upside is either the 1.786 Fibonacci extension or a +30.30% rise from the bottom, which is marginally under the 299.00 Resistance. 284.50 is the most realistic technical target early next month. Follow, Like, Comment below!
NASDAQ:TSLALong
by YahooSignals
🔝 Nasdaq-100 Index: The House of Rising SunThe History is happening right here! ✨ Nasdaq-100 Index NASDAQ:NDX just set its Best First Half in almost 40 years since inception in 1985, with amazing 38.75% year-to-date return in 2023. Among all semi-annual results, Nasdaq-100 gain this year is second only to the year of 1999. With historical 61.44% gain in the second half of 1999, glory times shortly ended. Just two months later in the 1st quarter of 2000 index peaked at 4816.15, for the next 15 plus years. As 38.75% surge in 2023 still far away from the All-the-history record 61.44% in 1999, stocks feel this year like they are, as the great 1960's band "The Animals" said, in the House of the Rising Sun. They won the race, and closed the 1st half of the year with solid gains. Let's take a look and congratulate the winners of the race! ✨ 🥇 The 1st place - Nvidia Corporation, 184.84% YTD return NASDAQ:NVDA Nvidia is the clear winner in the AI arms race so far. It's the company that appears best positioned to dominate the burgeoning sector, and more and more investors continue to wake up to the potential of artificial intelligence. Nvidia effectively provides a one-stop shop for what customers need to drive their AI ambitions. They control their entire ecosystem on both hardware and software, similar to Apple, and that puts them years ahead of competitors. 🥈 The 2nd place - Meta Platform Incorporation, 133.66% YTD return NASDAQ:META Meta Platforms stock jumped this year after the tech giant's first-quarter earnings beat Wall Street's expectations. CEO Mark Zuckerberg also touted the tech giant's AI plans, and pledged to keep costs low as the owner of Facebook, WhatsApp and Instragram continues its "year of efficiency." In a post-earnings call, Mark Zuckerberg hailed the company's AI efforts and vowed to keep a lid on spending. The Meta founder and CEO said AI recommendations had led to people spending over 24% more time on Instagram since it launched TikTok rival Reels. 🥉 The 3rd place - Tesla Incorporation, 120.88% YTD return NASDAQ:TSLA Tesla's stock price has been rallying non-stop for months - and Wall Street is starting to ponder whether that breakneck surge might've made the EV stock a little overvalued. Shares have jumped 57% since late April, with investors cheered by CEO Elon Musk signing charging deals with Ford and GM, while Big Tech stocks have also soared more broadly thanks to the rise of AI as an investment theme. The stock just has settled its best two-quarter advance since 2020. But Barclays, Morgan Stanley, and Goldman Sachs have each questioned that valuation over the past two weeks, with all three banks slashing their Tesla rating from "buy" to "hold". Unprecedented dominance It's historically rare for a handful of stocks from the same sector to make up such a large part of the S&P500 ( SP:SPX ). The last time the five biggest companies by valuation accounted for a quarter of the index's total market cap was indeed the 1960s.
NASDAQ:NDX
by Pandorra
2
Beating SP500 with SP500: Outperformed The Index Its Own WeaponsHi, all. Hope you're doing well. Looks like a good time to share a summary of a post I made almost a few years ago about SP500 stocks, 23.02.2022. Back then, I relied solely on technical analysis. Fast forward two years and the majority of my picks have proven to be quite accurate, showcasing the effectiveness of technical analysis in investing. While the SP500 gained around 10%, my selected stocks outperformed with an impressive 35% gain. Out of the 75 stocks I handpicked, 51 are currently in profit, 12 are in the red, and the rest didn't reach enough close to the zone or haven't made a breakout yet. So 63 has triggered and it will give a winning percentage of more than 80%. I'm okay with that. These results show the importance of technical analysis in making informed investment decisions. It's a clear example of how understanding market trends and patterns can lead to substantial gains, even when ignoring company fundamentals. These results challenge the notion that picking individual stocks is fairly difficult to beat market averages. Instead, it demonstrates that with the right skills and a strategic approach to technical analysis, it's not only possible but achievable. I'm excited about these outcomes and look forward to further refining my strategies in the ever-evolving world of finance. Results are calculated by purchasing with an equal amount of money from every area that I drew and holding these until today (started to make this post quite a few days ago so it can add a bit of variation). If the price falls through the box and comes back afterward then I always calculate from the middle of the box that purchase price. If I had done it at the best possible price then these results would have been significantly better. I did it the optimal way, you will see yourself... 1. AAPL - a load-it-up type of thing has worked out nicely. Used previously worked resistance levels. If the stocks performing well and the market cap is big then these levels can help you to get on board. Current profit 42% Before: After: 2. ADBE - came down quite roughly but it found support and back above fairly quickly. Current profi 67%. Before: After: 3. AMD - round nr., strong resistance level becomes support and the climb can continue. Current profit 80% Before: After: 4. AMZN - split. Came down from high prices to the marked levels and those who were patient enough got rewarded nicely. Current profit 34% Before: After: 5. ANET - retest of the round nr. worked perfectly, as a momentum price level, after the strong breakout. Current profit 143% Before: After: 6. APTV: Came down quite sharply and it will take some time to start growing from here, if at all. Current loss -2% Before: After: 7. AXP - firstly the round nr. 200 worked as a strong resistance level. Another example is to avoid buying if the stock price approaches bigger round numbers the first time. Came to a previous resistance level and rejection from there… Current profit 34% Before: After: 8. BIO - in general I like the price action, kind of smoothly to the optimal zone. It might take some time to start growing from here but also fundamentals need to look over. Current loss 13% Before: After: 9. BLK - kind of flawless. Worked perfectly. Current profit 48% Before: After: 10. BLL - a perfect example of why you should wait for a breakout to get a confirmed move. No trade. Before: After: 11) Berkshire Hathaway (BRK.B) - Buy the dip. Again, as Apple, a big and well-known company - all you need to do is to determine the round numbers and small previous resistances that act as support levels. Current avg. profit from two purchases 28% Before: After: 12) Cardinal Health (CAH) - the retest isn't as deep as wanted but still a confirmed breakout and rally afterward. Before: After: 13) Ceridian HCM Holding (CDAY) - found support from the shown area but not much momentum. Current profit 33% Before: After: 14) Charter Communications (CHTR) - technically speaking it is a quite good price action but kind of slow momentum from the shown area. So, it can take some time if the fundamentals are ok. Current loss -14% Before: After: 15) Comcast Corp. (CMCSA) - got liquidity from new lows, pumped up quickly, and is currently fairly solid. Current profit 16% Before: After: 16) Cummins (CMI) - close one, got rejected a few points before my shown area from the first role reversal (old resistance becomes support) Before: After: 17) Salesforce.com (CRM) - perfect. 50% drop, strong horizontal area, and mid-round nr did the work. Current profit 74% Before: After: 18) Cisco Systems (CSCO) - worked and slow grind upwards can continue. Current profit 18% Before: After: 19) Caesars Entertainment (CZR) - not in good shape imo. It has taken too much time and the majority of that is sideways movement. Current loss 4.8% Before: After: 20) Devon Energy (DVN) - inside the area and actually active atm. Still, now I’m seeing a bit deeper correction than shown. Before: After: 21) Electric Arts (EA) - waiting for a breakout. It will come and it will be strong afterwards! Before: After: 22) eBay (EBAY) - inside the area but yeah, looks like not much power there. Before: After: 23) Enphase Energy (ENPH) - got a breakout, got a retest, and did ~70% rally after that! If you still hold it, as I do statistics, then… Current loss -30% Before: After: 24) Expeditors International of Washington (EXPD) - kind of worked but didn't reach. No trade. Before: After: 25) Meta Platforms (META) - one of the best examples that you want to be in the markets and technical areas should give you the confidence to make your move! Run through the area but very quick and consistent comeback. Current profit 86% Before: After: 26) FedEx (FDX) - I love the outcome of this. Very solid price action and multiple criteria worked as they should. Perfect. Current profit 65% Before: After: 27) First Republic Bank (FRC) - firstly got a solid 30 to 35% gain from the shown area but...we cannot fight with the fundamentals. Current loss 99% Before: After: 28) General Motors (GM) - slow but has started to show something. Before: After: 29) Alphabet (GOOG) - load it up 3.0, a good and strong company, and use every previous historical resistance levels to jump in. Current avg. profit after three different price level purchases 32% Before: After: 30) Genuine Parts (GPC) - rallied quite strongly without a retest but now has started to approach my shown level. Before: After: 31) Goldman Sachs (GS) - really close one but still count it in. Current profit 33% Before: After: 32) Hormel Foods (HRL) - quite bad performance here. Two trades, two losses. The current loss combined these two together is 35% Before: After: 33) Intel (INTC) - one of my favorites again. Looks like the zone is in the middle of nowhere but the rejection came exactly from the box with good momentum in it. Current profit 64% Before: After: 34) Ingersoll Rand (IR) - sweeeet! Current profit 87% Before: After: 35) Intuitive Surgical (ISRG) - the trendline, 50% drop, strong horizontal area. Ready, set, go! Sweeet 2.0 ;) Current profit 62% Before: After: 36) Johnson Controls International (JCI) - the retest worked quite nicely but did not have enough momentum. So probably it moves sideways for a while. Current profit 14% Before: After: 37) Johnson & Johnson (JNJ) - Buy the dip and we had only one dip :) Before: After: 38) CarMax (KMX) - the area is strong but not enough momentum in it so I take it as a weakness. Before: After: 39) Kroger Company (KR) - breakout occurred, retest also but nothing more to say. Current loss -6% Before: After: 40) Lennar Corp. (LEN) - strong resistance level becomes strong support. Current profit 133% Before: After: 41) LKQ Corp. (LKQ) - haven’t reached yet but still, it should be solid. Before: After: 42) Southwest Airlines (LUV) - no breakout = no trade! Don’t cheat! Your money can be stuck forever but in the meantime, other stocks are flying as you also see in this post. If there is a solid resistance, wait for the breakout and possibly retest afterward! Before: After: 43) Las Vegas Sands (LVS) - channel inside a channel projection ;) TA its own goodness! Current profit 60% Before: After: 44) Microchip Technology Incorporated (MCHP) - nice one! Current profit 67% Before: After: 45) Altria Group (MO) - got a decent break but lacked momentum after that and sideways movement can continue. Current loss -11% Before: After: 46) Moderna (MRNA) - still inside a quite wide zone but nothing too exciting from my point of view. Before: After: 47) Morgan Stanley (MS) - the first stop has worked, and got some movements. Current profit 27% Before: After: 48) Microsoft (MSFT) - Load it up 4.0, buy the dip has worked again with well-known stock. Three purchases and avg. return from these are amazing 54% Before: After: 49) Match Group (MTCH) - if I look at it now then I don’t really like this chart at the beginning but it is what it is and we accept the loss. Current loss -57% Before: After: 50) Netflix (NFLX) - almost the same as Meta. Came quite sharply but the recovery has been also quick. Another proof that you want to be on the market if these rallies occur. Current profit 62% Before: After: 51) NRG Energy (NRG) - wait for the retest Before: After: 52) NVIDIA (NVDA) let this speaks for itself! Current profit 200% Before: After: 53) NXP Semiconductors (NXPI) - usually the sweet spot stays in the middle of the box, and also as I look over these ideas quite a few have started to climb from the first half of the box. Current profit 72% Before: After: 54) Pfizer (PFE) - yeah, got rejected after it came to retest the area the first time to around 30% but after that - slow death. Current loss -29% Before: After: 55) PerkinElmer - “after” is EUR chart but you get the point. Before: After: 56) Pentair (PNR) - worked correctly, 50% drop combined with the horizontal area, easily recognizable, and the result is quite okay. Current profit 65% Before: After: 57) Public Storage (PSA) - slowly has fallen to the zone and first impressions are on the chart already. Current profit 20% Before: After: 58) PayPal (PYPL) - the area just lowers the speed of dropping :) Current loss -29% Before: After: 59) Qorvo (QRVO) - it can be a “late riser”, let’s see. Current profit 24% Before: After: 60) Rockwell Automation (ROK) - sweet, worked again like a charm. Current profit 52% Before: After: 61) Rollins (ROL) - after posting it didn’t come to retest the shown area. Being late for a couple of weeks. Worked but cannot count it in, the only thing I can count is that my bias was correct ;) Before: After: 62) Snap-On Incorporated (SNA) - same story! Before: After: 63) Seagate Technology (STX) - firstly it came there! Look how far it was, the technical levels are like magnets, the price needs to find some liquidity for further growth and these areas can offer it. I like this, and the climbing can continue. Current profit 42% Before: After: 64) Skyworks Solutions (SWKS) - one of the textbook examples of how trendline, 50 drop, round nr. and strong horizontal price zone should match. A bit slow but oohhh boy I want this will play out. I have talked about this idea in several presentations and it is kind of a perfect example of how these criteria can determine the strongest zone on the chart! Before: After: 65) TE Connectivity (TEL) - came down, and got a rejection. “Simple” as that. Current profit 34% Before: After: 66) Thermo Fisher Scientific (TMO) - mister Ranging Market. Nothing but last month got a bit of volume from the liquidity zone and let’s see what it can do. Before: After: 67) Trimble (TRMB) - currently up but the price action signs that it can stay ranging for some time. Current profit 19% Before: After: 68) Tesla (TSLA) - made a split. Have been successfully recommended many times after that here and there but two years ago was these price levels and.. The current profit after two purchases is 16% Before: After: 69) Train Technologies (TT) - dipped the box and off it goes! Current profit 91% Before: After: 70) Take-Two Interactive Software (TTWO) - I like this analysis a lot. Worked as a clockwork. Current profit 60% Before: After: 71) United Rentals (URI) - scam :) have some closest calls counted in and here is another one. Current profit 128% Before: After: 72) Waters Corp. (WAT) - came to the box as it should be slow and steady. As the plane came to the runway. Current profit 33% Before: After: 73) Exxon Mobil Corp. (XOM) - another escaped winner. Didn’t come down to retest my retest area so, missed it. Before: After: 74) Xylem (XYL) - nice to see that the majority of these areas are working very nicely! Current profit 49% Before: After: 75) Autodesk (ADSK) - slowly, slowly but worked and climbing from the shown area. Current profit 42% Before: After:https://www.tradingview.com/x/qRJaz6rI/ As we summarise this journey through the past two years of market analysis and stock picking, it's clear that the power of technical analysis has been a guiding force in achieving remarkable results. As said, these chartings are made solely based on technical analysis but if you add here a bit of fundamentals then these results can be much better. Probably would have avoided some losses. If possible, always use both analyses. Let this post prove to you that technical analysis works in most cases and helps you find good entry points. These areas act like magnets. Sooner or later the price will still reach these levels. I like this saying a lot and I will end my post with it: fundamental analysis tells you what to buy, technical analysis tells you when to buy! Hopefully, you liked this post, learned something from it and if it isn't too much to ask then which one was your favorite? Take care & happy trading, Vaido
NASDAQ:TSLALong
by VaidoVeek
2
TESLA Set To Fall! SELL! My dear subscribers, TESLA looks like it will make a good move, and here are the details: The market is trading on 253.23 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 245.32 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
NASDAQ:TSLAShort
by AnabelSignals
3
TSLA's Fight the Falling Resistance 🧠 Rejection or BreakoutDear Esteemed Members, TSLA is mostly bearish within the resistance of the red triangle. As long as it remains below the trendline, bears can enjoy better risk-reward ratios. Some traders wait out the price's rejection at the falling line to open their short positions. Others wait for a confirmed breakout through the resistance to open a long position. Now, both sides have a significant chance because the pattern is usually bearish, but TSLA reclaimed the EMAs in a convincing manner. I've got a short, but I opened it above the resistance. So, I can close it in profit at the resistance. I wouldn't open a new short until I see the price action around the trendline. The white arrows mark the scenarios I mentioned. I also placed two positions on the chart that one could make depending on TSLA's behavior around the falling level. Disclaimer: It's not an investment advice. My analytics serve only entertainment purposes. Do your research. Historic results don't guarantee future outcomes. Kind regards, Ely
NASDAQ:TSLAShort
by Elysian_Mind
News Analytics Align with Technicals' Slight Bearish Momentum ☄️Dear Investors, Chart Explanation I believe if Tesla doesn't break out from the bearish triangle, it could downtrend to $225. This is the target price of multiple scenarios. The stock is volatile enough to fall to this price without additional confirmation. However, if the price meets the resistance trendline I marked with red, it can still spiral into the mentioned target zone. The chart shows how this resistance indeed rejected rallies many times over the previous months. I drew red arrows where I believe the resistance rejected the price. If the price breaks up this resistance, bullish scenarios will become more probable and Tesla will prepare for the moon. At the moment, however, the number of bearish scenarios suggests a better risk-reward ratio for shorts with losing the EMAs today. I've got a short myself from $251, and I'd consider increasing this position size if I see another rejection near the resistance. On the other hand, a breakup of the resistance would mean taking profits from these positions and preparing for a long setup. The $225 target aligns with multiple historical gaps that the stock is yet to fulfill. From that level, it can either break down or reverse up. There are possible targets on both sides. So, I think, it's important to monitor news and technicals alike. In this idea, I'd like to give you some news trading insights and how I see the technical indicators. News Trading - Natural Language Processing ☄️ Tesla's production and delivery growth has slowed in recent quarters. The company's production growth slowed to 54% in the fourth quarter of 2022, from 119% in the third quarter. Deliveries also slowed to 936,000 in the fourth quarter, from 1.39 million in the third quarter. This slowdown could be a sign that Tesla is facing production bottlenecks or supply chain disruptions. ☄️ Tesla's gross margin has declined. The company's gross margin was 27.9% in the fourth quarter of 2022, down from 30.6% in the third quarter. This decline could be a sign that Tesla is facing higher costs or that it is discounting its cars more heavily to boost sales. ☄️ Tesla's stock price has been volatile in recent months. The stock price has fallen by more than 40% from its all-time high in November 2021. This volatility could be a sign that investors are uncertain about Tesla's future. ☄️ There are concerns about Tesla's ability to scale production efficiently. The company has ambitious plans to produce 20 million vehicles per year by 2030, but analysts have questioned whether Tesla can achieve this goal without facing significant production bottlenecks. ☄️ Tesla's competitive landscape is becoming more crowded. The electric vehicle market is becoming increasingly crowded, with new entrants from established automakers and startups alike. This could put pressure on Tesla's market share and pricing power. Technical Indicators MACD has been bearish since 29 November as the bottom indicator shows. The bearish momentum isn't too strong, but it's been consistent over the last week. On the RSI, above the MACD indicator, I can see a bullish RSI cross attempt, but this cross failed and became a bearish indication. The volume bars have been somewhat stable over this time, which might not enforce a strong bearish momentum, but it shows a lack of volume necessary for reversal. Disclaimer It's not an investment advice. Do your research. Your funds are your responsibility. This speculation serves only entertainment purposes. Kind regards, Ely
NASDAQ:TSLAShort
by Elysian_Mind
4
Will Tesla test 300 again soon?There has been a very good year for Tesla with the stock starting the year at 100 and reaching a high of 300 in summer. A correction followed, but even if the ascending trend line was broken with a gap in October, Tesla found a very strong floor in the 200 region and rebounded, giving us a very nice bullish chart for the year. Technically, the drop from 300 is clearly corrective in nature, and with the stock consolidating between 230 and 250 for 3 weeks now, we can expect a break to the upside. This consolidation break will also coincide with a break of the falling trend line and, in such an instance, we can expect acceleration to the upside. The most obvious target for bulls is the 300 figure and technical resistance and, considering a stop loss under consolidation's support we can achieve a more than 1:2 risk: reward.
NASDAQ:TSLALong
by Mihai_Iacob
5