TSLA Overheating !!TSLA overheating and valuations are currently stretched for even the most optimistic assumptions. Based on current valuations at $490, Tesla would need to be delivering 1,300,000 cars within the next 5 years. In my models, stock is fairly valued at +/- 280 but with an initial target of 360.
On technical side at the top here you will notice exhaustion as predicted deliveries enter into "overpromised" territory. Of course the usual crowd will defend with China plant opening and unicorns expected. Based on current expectations, TSLA will need to deliver almost 475k cars this year and with demand starting to cough via late cycle fears this is looking doubtful to say the least.
Flow wise, actively selling 490 overshoots with initial targets at 360 followed by 280 extensions. While to the topside, invalidation and reassessment necessary at 525. Tracking closely delivery numbers for 2020 but with the boat fully loaded on one side and short interest as a percentage of float still below 20% it is a screaming sell.
Good luck all those on the sell-side in TSLA over the coming sessions.
Teslaanalysis
Tesla bearish dog pattern formationA rare YET powerful formation has formed, technical analysis is not a science but and art...thus you get this. Markets evolve and our perception must evolve as well thats why some may think this looks like a dinosaur. Updates to come-
“Elon, you are so kind. Thank you for being an inspiration. And thank you for being kind to me,”-“I owe you a lot — my life. Thank you. And I will always believe in the good. It’s who I am. Thank you.”-some randowm tweet
TESLA MANIPULATIONHello Traders.
Stochastic RSI is sky high.
Would like to bring to your alert that Tesla is a "Castle in the Sky".
I have done the fundamental analysis on Google and bring to you a message.
Facebook and Google are both funneling money into Tesla.
Tesla is the last castle in the sky for the "New World Order".
Apparently, Elon knew the whole time. This was an Irish pyramid scheme.
Apple is in on it too even.
If you watch the MACD Moving Time Frame (composite moving average) signals on the third chart from the top, we see a sky high signal line with oscillation between buy and sell.
Why?
They're faking out the day traders.
Rise. Destroy Tesla. They "cannot" crash? They are. The one castle in the Sky.
Exposed.
Wait for the South Korean whales to move first.
Britain should be in on this too.
- dysonring2050
Tesla Broadening Ascending WedgeHello Traders,
I am looking at Tesla just from a TA chart perspective here.
As you can see price is inside a broadening ascending wedge. Price was caught by the monthly 100 MA at the bottom of my wave 4. I am expecting resistance in the area marked with a possible fake out / throw over.
The bearish divergence on the monthly RSI doesn't look great.
Solar Energy Systems of Tesla Caused a SueWalmart sued Tesla on Tuesday for its solar energy panels. In addition to that, the retail corporation accused the firm of widespread negligence, which resulted in repeated fires of its solar systems. The company also ask the court to order Tesla to get rid of its solar panels from over 240 of its U.S. stores.
Moreover, the electric car maker installed these solar energy systems, and, of course, the firm is responsible for fires at seven locations. Aside from that, there were dozens of it with hazardous issues like loose wiring and hot spots on panels.
But as on now, Tesla did not give any comment regarding this matter.
In the lawsuit, it accused the firm of having workers who lack training. And they are the one putting up shoddy installations, which displays utter incompetence of callousness, according to the court papers.
Solar Business of Tesla
Meanwhile, Tesla got its solar energy systems through its $2.6 billion purchase of SolarCity back in 2016. And the lawsuit became the latest blow to the firm’s already struggling business. Since the deal, quarterly installations collapse over 85%. And this happened after Tesla chopped its solar panel sales force and ended a distribution deal with Home Depot.
Furthermore, in the lawsuit of Walmart, it stated the fires damaged significant amounts of store merchandise and needed solid repairs. As a result, the firm lost millions of dollars.
Tesla Shares
Despite Tesla’s self-inflicted wounds and dropping shares around 32% in 2019, billionaire investor Ron Baron stayed bullish on the company and CEO Elon Musk.
And the reason for his consistent support is the ongoing expansion of the electric carmaker firm in China. Aside from that, its revenue growth and improvements in all-electric vehicle technologies are also part of his reasons to keep holding to the firm.
After opening at $227.62 per share, Tesla stock was relatively firm Tuesday morning.
Tesla! 420 next year?Hi guys, Tesla just came down to long term support and held, and then came up and reject resistance so it looks as if we are in the same range as from 14-16.
We are currently sitting in the middle of the range, I believe that the next big break will set the trend for the next 6-12 months.
Fundamentals:
For Tesla to succeed and see enormous growth they need to achieve full self-driving, I think they are still a few years away.
The second thing is battery production and having access to the largest EV market which is China. This is coming with the gigafactory being built this year.
Overall I am bullish on innovation so I'm bullish on Tesla, this doesn't mean we can't lose support and test lower :).
TSLA Long Position OpportunityTSLA price has broken out from a 6-months ranging inside a descending channel.
On top of that, price has steadily climbed along SMA20 and made a bullish cross over SMA50.
This had given further confirmation on a new uptrend which started in early June.
Taking the price level at early June as the swing point low stoploss, this trade would give a decent risk reward of at least 1:2
Tesla Short ReversalHi guys its Brian here with a short opportunity for Tesla.
Tesla is currently in a downtrend ever since start of the year as seen by the downward sloping trend channel. The price has also always been consistently below the ichimoku cloud from February onwards.
Tesla reached the support level of about 175 level at the start of June and showed an upward correction but the correction is starting to end as seen by the strong red candle upon hitting the blue trend resistance channel. Volume also increased on the 2nd red candle showing there is strong bearish pressure driving prices downwards.
If shorting here, take profit could be set at about 195ish or even the previous support level at 180ish
www.brianchai.com
Free Trading Group
TESLA: Follow up analysis, bearish sentiment remainsWelcome to a follow up TA on TESLA,
Clear skies this week for TESLA as a good amount of recovery as shown on the charts. this may just be a dead cat bounce, an overextension of the downward price capitulation follow by a sharp recovery.
However, pay close attention to the overhead resistance level at approx $240. What served as previous support down serves a new resistance. Moreover, price is trending well below all three moving averages indicating downtrend in full swing. No RSI or MACD divergence detected - thus confident that this unlikely a reversal pattern in play. A safe move would be to observe price action between the 61-78% fib ranges before placing any shorts.
TSLA bounced as expected, next? Tesla updated Support ResistanceUpdate to previous analysis looking for a bounce then leg down (click) .
Tesla bounced as expected, helped by an overall market bounce.
The market bounce was also expected, per this S&P500 plot (click) .
Dead Cat bounce or true Reversal is unclear for the overall market.
Many analysts on the news are calling for doom and gloom for Tesla.
So nothing new there, ''talking heads" have been saying that forever.
But clearly we have a major downturn in sentiment towards this stock.
The downward velocity has been increasing (accelerating).
The last wave is probably not done yet, a lower low is likely.
Looking for a "blow off" spike below supports on high volume.
193-195 is immediate resistance but should be surpassed.
203-205 is mostly likely bounce target, then a leg down.
253-256 is MAJOR resistance, I am selling there for sure.
174-178 is immediate support but will not hold another hit.
139-143 will be strong support perhaps after $150 stop hunt.
123-126 is MAJOR support that if approached is a big buy.
.
See some of my other plots and trade calls below.
I also plot Forex and Crypto, take a look at my profile page .
SPX bounce
SPX top Oct 2018
FaceBook bounce
Twitter bounce
NetFlix bounce
Amazon scalp
Gold long
Silver long
Oil long
Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.