Teslamotors
TSLA Stock Split had me interested but...TSLA is the hottest performing stock of the year and that's great but there's a few things to keep in mind short-term.
On the Weekly time frame the stock is nearly parabolic. A combination of that along with the RSI starting to show bearish divergence has me seeing it pulling back sometime in the next 3 months (Nov/Dec).
On the lower time-frames you'll also see bear volume increasing. I think we'll top off around $550 but historically speaking we've had dumps around election time. Smart money would wait until November/December when the Daily and Weekly RSI hover back down to the 40 range.
Additionally, you have fresh meat entering the market via Robinhood etc who aren't familiar with the stock market or technicals. Any sell-off will be exacerbated by them panic selling.
Target for a rebuy is $275-$280.
TSLA Share Price Trading In ThousandsTSLA price action has been heavenly for bulls and agonising for bears; the price of the stock has increased more than by 1000% in just a few months. The above chart is an attempt to illustrate that increase by taking a locked price to bar relationship of $5 per 240min of trading. The result is quite simple yet elegant — an easy roadmap to navigate for the upcoming year at least.
Tesla - great example of buy on fear and sell on greed? Let seeTesla news everywhere last week with their stock price smashing through 2000.
Will it keep going up I read?
Shall I buy now?
Is it too late to jump in now?
Who know.... nobody knows.
But to me, as soon as the news starts talking about it the fear and greed scenario could kick in - just like BTC at 20k?
The people late to the party will jump in and then panic sell if there is a short term sell off ... potentially.
Anyway, it could keep going up for sure - until we see any signs of rejection the trend is still up!
What goes up - does NOT have to come down, why?
Because it can keep going up first.
Anyway, stick to your own plan and strategy and always focus on your risk management.
Check out the book we recommend to help keep your emotions in check and trade fearlessly.
Over and out.
Darren
$TLSA GLHFI really want to short this but picking a top on the hottest bull market stock is asking for pain.
Roleplay of gametheory to fuck the market, Id say the scenario plays out that Friday the 21st is probably choppy that looks bearish, then Monday gap up to fuck all the shorts.
Short on HOD monday and GLHF try not to die.
Personally trying to balance not revenge trading this because I was too much of an idiot for not just buying and holding, so much to learn from this chart and why I missed.
Personally will review trades after this market cools a bit because too many mistakes were made.
$TSLA Range Bound and Squeezing$TSLA been pretty much range bound the last two days and squeezing on the 1hr chart. Not dumb enough to short it and become a dead bear. Will just wait this squeeze out and join the party once she breaks ATH.
TESLA - are we done ? Looking at Tesla , the Sell Signal occured pointing on the ongoing correction. We already sold the excess at 1780$ (previous Idea) Waiting for confirmation if 1485$ can hold to get back in or we going to see some lower correction levels around 1250$ - 1050$. The Buy signal will be the final confirmation.
No financial advice, only my idea.
Don't Make Your Tesla Play Just Yet...3day tight compression on price after massive price impulse.
What we look for next is for the ema dots to all align red, which only the top indicator has started showing signs.
The candles are stabilizing as we approach our next move.
Neutral.
TESLA - are we done ? Looking at Tesla, the Sell Signal occured pointing on the ongoing correction. We already sold the excess at 1780$ (previous Idea) Waiting for confirmation if 1485$ can hold to get back in or we going to see some lower correction levels around 1250$ - 1050$. The Buy signal will be the final confirmation.
Technical indicator:
www.tradingview.com
No financial advice, only my idea.
TESLA BULLISH 1600BOLLINGER BANDS-Indicate that we are in the lower spectrum if the osciillation which leads to the price usually heading upward.
Price is also hitting and hoovering around a famous 1433-1448 price range. If it breaks the 1448, we can expect a strong upward movement.Usually this is the region where institutional investors get involved. For more accuracy, add volume session to see if it makes sense
Force index indicates that bearish movement had very low volume despite a 100 usd price drop. This means that the drop is not supported by many participants and therefore we should expect the price to head upward.
RSI- was changed to 8 in order to reflect a short term movement. Despite that, we should also pay attention to the fan lines indicated in green. If the price does end breaking through all three lines, we will be in a strong close to 2000 price up trend.
tslausd 700 till September with some dead cat bouncesBubble of Tesla blasted and death cross of ma 200 with ma 50 confirmed the down trend.
There will be some dead cat bounces on the way to 700 till September.
NKLA Swing Trade (Long)Noticing some bullish divergence on NKLA (MACD). Specifically the 1 hour chart showing signs of a possible reversal. If NKLA can get above 37.50, it should precipitate an upward move.
🍻 Focus In On The Next Longterm Tesla Play!2 day chart showing doji compression after an overextended move.
If you know me, you know these are the type of opportunities when I look for the next long term investment.
Daily red a cross the board on all indicators, 2 day is shifting red on the ema dots. The 15 ema dots on the bottom still trying to make its transition.
I currently have a lot of size sitting in on dow jones index short as it is playing off previous high.
The name of the game. Find the trend reversals and play with good risk management.
I believe 1432 is a good level to keep an eye on for a breakout to see how exhausted this move really is.
Best of luck.
Bullish Charts - Coil, Pennant, Flag - Vans with DronesWorkhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Its products include electric cargo vans, and medium and light-duty pickup trucks, as well as HorseFly delivery drones systems. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
Today, there was an article on Dow Jones talking about Workhorse Pairing Vans with Drones to Drive Deliveries.
www.barrons.com
On 07/24/20, there was another article, "Trucks of the Future." & "Electric Trucks are the Future."
workhorse.com - Beautiful Electric Truck
On 07/23/20, Workhorse reported a purchase order for 20, C-1000 Electric Delivery Trucks.
On 07/21/20, Workhorse talks about supplying electric trucks to the Postal Service.
Does the news get any better?
Yes, on 07/14/20, Workhorse announces Ryder will now offer the C-1000 All-Electric Step Vans for rental locations.
On the Daily Chart, it looks to me like it's flagging, Bullish
To some, it might look like an uptrending coil or a Bullish Pennant.
No matter how you look at the daily chart, it looks to me like a very Bullish setup.
RSI is turning up, Bullish
OBV is turning up, Bullish
Stochastic is turning up, Bullish
Accumulation is Bullish
I see big things coming for this company!
Long!
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Love TSLA, but $5k may take longer than most are prepared forA lot of people have been caught off guard by Tesla's massive rally, but one look at the historical chart shows you that TSLA has done this before: In March 2013 it took off on a +600% rally, most of which was gained in 3-4 months. Strikingly similar fractal to the current run.
Now we are hearing calls for TSLA to hit $3k, $4k, $5k coming soon. But what most people may not be ready for: if this fractal to 2014 continues playing out, we are looking at almost 5 years of sideways before the next massive run up to the $5k area.
I love TSLA and have held from 2019, but not overly optimistic on the near-term or even mid-term gain potential.
Short TeslaBefore I take long position, i'm waiting for wave 3 with 3 level TP. Most probably for me is around 1300 USD
TESLA will be included in SnP500 (Bullish breakout expected)Tesla reported its fourth quarterly profit in a row Wednesday, positioning the electric-car maker as a leader in an auto sector that has struggled during the pandemic, and clearing the way for the stock to join the S&P 500. For the second quarter of 2020, Tesla made $104 million in net income on more than $6 billion in revenues. That beat forecasts by Wall Street analysts who had anticipated a loss of nearly $250 million and revenues of $5.4 billion.
Based on some calculations, approximately 20% of the outstanding Tesla stocks will have to be purchased by those index funds trailing SnP500 and they can purchase it anytime before or after SnP announces that Tesla will be included in the index.
There is also quite alot of shorts opened (people betting against Tesla) against Tesla (approx $20 billion) which means if market pumps today, those shorts trader will have to buy back some Tesla shares to exit their positions.
Therefore, i'm quite bullish on Tesla for this short period time and although it is overvalued if you look at their market cap compared to their profits, market forces in the trading market will push this stock up for the time being.
