Tesla Daily Correction then back down again? Based on our Monthly and Weekly Thesis: Tesla seems to be correcting up which I assume will either hit our black fib line or possibly back into our pitchfork lines which overlap with our fib lines making that resistance much more harder to break; please see drawing.
For me to continue with the bearish thesis I must see Tesla hold at one of those lines then punch down to the 174 price area to confirm our Weekly and Monthly vision.
Currently based on the data we are correcting up however stay tuned for our four analysis on the market
MB Trader
Teslabuy
$TESLA - BIGGEST MONTHLY DROP IN YEARS $TESLA - BIGGEST MONTHLY DROP IN YEARS
We hit the first target! - $112
It is a nice place to take profit on shorts.
The 2th Target: $70. This is where I would really be loading up on $TSLA for the long term.
I expected it to bounce from here but eventually likely get to $70.
TESLA ANALYSIS SHORT TERMZEYAN here!!!!
I'm looking at the market from a bullish pov as far as i can see market is quite bullish so ill be looking to buy the dips
This is a general idea of how I view the market; I use various entry techniques; please do not take this information at face value; conduct your own research.
Please let me know in the comments if you want me to analyze your charts.
like for more!!!!!!!!!
This is not financial advice; please conduct your own research and use this information as confirmation in addition to your own analysis.
Tesla Vs the strongest EV stocks - Who is ahead and by how much!in this chart we just wanted to simply compare between the electric vehicles leading stocks and see what conclusions we can draw.
We can see NIO ripping up the chart with 600+% and showing that government funding backed with actual product delivery increase is a winning combination.
Workhorse which signed a EV delivery truck deal of 8.1 billion with USPS has been delayed last week due to elections, took a big slump after a major peak last month and now at 470%.
The beloved Tesla with only 186% after reports of china competition in the EV market will not be in favor of the American company and the earning which Elon called "best ever" didn’t help - Tesla is losing momentum every day from its peaks since the EV competition is getting tighter and more crowded.
NKLA EV trucks are holding by a thread with the GM Motors deal that may not come through after all and in that case they are expected to crash and burn below the 18 line of support (see full cover in my previous idea on NKLA).
last we have the somewhat unknown XPEV (Xmotors) also Chinese EV stock that is starting to get some market buzz lately and may seem to fight back real soon after the Aug IPO and traded at 20$.
THE BOTTOM LINE is that all eyes are on elections and if Biden may win then EV stocks are expected to jump much higher as Biden represents green energy endorsement -the hottest stocks at the moment in the market are EV, solar and green energy in general and that’s where we the traders should be focusing on.
sorry about the lack of technical but in our eyes, you must first cover the fundamental in order to time perfectly your entry with technical.
Trade safe!
Tesla (TSLA) - Opportunity to SELLHey everyone, here's the analysis on Tesla. Please give us a LIKE and leave a comment on ideas you would like to see next!
Summary:
As illustrated by the yellow dotted lines, price can rally higher to our R1 zone between 641.35 - 668.00 before dropping to our S1 zone between 502.00 - 524.00.
Action:
Sell Limit: 668.00
Stop Loss: 735.00
Take Profit: 524.00
Risk to Reward: 2.15
Analysis:
R1 is a key resistance zone on the weekly chart and a breakout zone where price saw a strong drop from. Given that current price is near the R1 zone, it could make a further push up to the R1 zone before a drop to our S1 zone. S1 is also a key support zone on the daily chart, hence, we will not play a move beyond that.
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