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Teslalong

TESLA (TSLA) WEEKLY TIMEFRAME LONGThe price chart for Tesla seems to be stuck in a range ever since price broke the 275.74 level, which had previously acted as resistance and now is support. The current resistance is at the 370.63 level and history shows that whenever price gets stuck in a loop (range), the support normally holds at least for three touches. Hence, now price has actually bounced off the 275.74 support level and we expect it to creep towards the 370.63 resistance level before we can see if the level holds or price breaks through and continues on a bull run. A trendline on the weekly timeframe also confirms the bullish momentum, as prices have already tested it four times, giving a pretty clear confirmation that the trendline holds. For those traders who might have missed this trade, a good place to enter a trade would be on the breakout of the counter-trendline which can be drawn on the lower highs on the daily timeframe. We just hope that Elon Musk is not caught smoking a joint again or rambling nonsense on Twitter.
NASDAQ:TSLALong
by munyaelliott
Tesla TSLA american stock buy opportunities off weekly demandTesla TSLA american stock buy opportunities with weekly demand zone at $260 per share is in control. Very sharp reaction this week on Tesla stock, price kissed weekly demand imbalance and rallying strongly, almost $20 this week. As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.On Tesla american stock we had earnings last 30th January 2019, it was 25.41% worst than expected, 0.78 over estimated 1.05. What happened after a few days, price dropped to weekly demand level at $260 and rallying strongly. Earnings? What for? Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.You can use these imbalances to plan your trades in lower timeframes. There are several ways of buying stocks. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads.
NASDAQ:TSLALong
by AlfonsoMoreno
Tesla Monthly TrendsIMO , Tesla's has a nice support area from the 270$ to the 250$ price level. Those trend lines were tested multiple time on the monthly timeframe + psychological level of 250$. Earnings are coming up in less than 2 months, the downtrend we are currently seeing might be the market pricing in that it won't be profitable. If the purple trend doesn't hold at the end of the month, a good entry could be around the middle blue descending trend. I'm not following the narrative around Tesla a lot, but from a monthly trend perspective, it seems to be respecting those trends so far. Also, it's always good to pay attention to the general market and other indicators. This is a really general trend, and a lot can happen in a monthly candle.
NASDAQ:TSLALong
by The_Agent_K
Is Tesla finally gonna burn down?Turbulent days/weeks for Tesla and Elon Musk. After Musk's tweet saying he planned on taking Tesla private for $420 (20% higher than the price at that time) spurred a major bull run the troubles began. First of all he mentioned that the funding was secured...which it wasn't. Possible investor was a Saudi controlled investment company which seems to be backing off from Musk and invest in a competitor instead Lucid Motors. Second the SEC is starting an investigation into false price manipulation because of that. And as third the Board knew nothing about it which is a very concerning managing style. These are not the only problems Tesla is facing. -It also hasn't made a single annual profit since it was founded 15 years ago. -Production is lagging behind. -Multiple accidents with the Auto-Pilot (granted the driver still has to pay attention) JPM is also adding fuel to the fire by lowering it's price target from $308 to $195 by December 2018. As for the technical side looking at the weekly chart, MACD is looking for the "bearish" crossover. The 10-week RSI has plenty of room left to fall even further. I suspect it might find some support around the level of $284.50. In the event of a clean break we're gonna retest the trend that was fromed in Februari '16. Managing to beat that trend JPM's target is definitely not out of reach with the signs of some real support around $180. That pretty much sums it up! Disclaimer: I'm not telling you what to do always cross reference with your own analysis. I'm not responsible for your loss!
NASDAQ:TSLAShort
by HungrywolfNL
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