Tesla some Spiralsforecasting a potential top using Fibonacci spirals, and outlining how Fibonacci spirals can be used to show tops and bottoms.
For those looking to enter price is currently in a neutral zone, look for a short once the fib line is reached.
Or go long I dont really care.
Above chart is a bit iffy, hope someone got some use out of it.
Teslamotors
Update: 1 gap down left and a few gaps up $TSLA Update on my previous idea: the gap up has been closed, 2 gaps down have been closed with more gaps up created.
We are closing in on the 3rd gap down which also coincide with the golden 0.618 fib and will very likely be closed next week.
I'm expecting a rebound in the days leading to the Q1 delivery numbers announcement with maybe the date given for battery day the last week of March too.
Bonus added: a gap even lower from October that could be closed as most countries already in hidden recession are now closing everything to prevent the virus from spreading and trying to flatten the curve.
TESLA fair value $460-$568 on 4hr Time FrameI think that TSLA will drop down to a more reasonable price, and I have my target zone @ $460- $568. TSLA is very hard to chart in general, so be very careful with this stock.
Please give a thumbs up and follow me if you like the chart. Check out my other charts as well, I have some great charts for Oil and Dow Jones ;)
This is not trading advice!
TESLA: THE BIG SHORTFirst off, I would like to say that I believe in Tesla and Elon Musk. But this parabolic rally is entirely unsustainable and is fueled by hype similar to cryptocurrency and 2000 Dot Com Bubble.
I called the dip to $750 and subsequent bounce to $950. I have been short biased since $958 and will add above $1,000 if we get there. We might have another push up, but in my view anything up here is an obvious short. I will link proof of my older call below.
Most TSLA bulls got rekt by shorting too early, while I was waiting for a blowoff and bounce (lower high) for this trade to fully develop.
For the Tesla bulltards, this is not a day trade. This is a multi-month or year macro swing trade and I will be hedging on strong bounces. It will not be a straight drop down by any means. But what goes up, must come down. I am primarily technical trader, but with the Cornonavirus debacle and the global slowdown starting, these events add confluence to my bearish view on Tesla.
Long term, I think Tesla can succeed so long as they can remain capital efficient. But for an asset to be properly price, it needs to not be in the midst of a massive hype cycle.
In short, Tesla to $601, $511, and ideally the ~$400 range. If this is a true parabolic invalidation, then an 80% decline puts us at a target of roughly $170-$200. That is not my primary count, but I consider it as a viable possibility if a recession begins within the next 18 months.
Until then, this is a game of patience and shorting every bounce or move higher above $1,000 while hedging long on dips.
If this trade is accurate, it will likely be one of the biggest trades of the decade among major companies. For now, we wait. The Big Short.
Tesla price is absurdOf course EV and Tesla has a feature. However current pricing is nothing other than crazy bubble. Just compare sales and profits of any other car manufacturer, even with tech companies. This is pure absurd. It might go bit higher in peak, then expect Elon Musk to snort cocaine or smoke weed live and the downward movement begins. Their next financial report is likely to reveal more rational outlook at company, other than accounting tricks.
TSLA possible break to $956 next week (be smart)NASDAQ:TSLA has been testing the 815 mark for the last few days and strong resistance lines of 750, keeps bouncing back.. Volumes has died down a bit and due to MMs pinning the stock at around 770-800 range in the last 2-3 days, they killed off the options premiums for the weeklies which expired 2/14.. they will have a tougher time containing it for the 2/21, 2/28s with it pushing higher at the close each day inching up.. Looking to go long here on some 780 calls.. however if it does dip and dips below, 750.. could see that short squeeze the bears and the street have been looking for.. should see some movement next week.
Anyone who doesn't understand why Tesla has this rally, why they are so disruptive, why they will grow much more, should really do some reading on disruptive
technologies and Kondratiev cycles. This company marks the beginning of a new era of rapid innovation. Tesla is much more than a car company. They build
solar arrays. They build energy storage batteries for renewable energy farms. They are also a software company. They are soon an autonomous carsharing fleet
company. They have the most advanced AI neuralnet, years ahead of anyone else. They have by far the biggest supercharger network. The lead to the other carmakers
who are struggling to even build the first generation Model S, is just INCREASING, not decreasing.
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Tesla is going to change the world. It already is doing so. Anyone who doesn't understand that, should really do some proper research, and not only read CNBC clickbait news
headlines and FUD.
TESLAWelcome to Excavo's professional analysis of the stock prices of Tesla Inc.
Tesla is up more than 91% year to date.
Fundamental Analysis and News:
Morgan Stanley raised its base case price target on Tesla (NASDAQ:TSLA) to $500 from $360 and the bull case target to $1,200 from $650.
The company has "significant addition optionality" through the truck, self-driving, battery technology, and solar markets.
Technical Analysis:
Currently, TSLA is approaching an important all-time psychological resistance level of $1000.
It should be noted that the price action flashes a bearish signal - the gaps that are in areas of the chart where a security's price either rises or falls from the previous day’s close, with no trading occurring in between. Gaps like these tend to get filled and indicates that a trend reversal is forming from bullish to bearish, and a downtrend could follow.
On the flip side, many stop-loses hold on in a $1000-1100 trading range and in case of achieve these points there will be a closing of sell positions at market prices, which opens up the gates for a further rally to target the next resistances up to $1600.
Remember to be cautious and to use proper risk management tactics to prevent any losses from unexpected market movements.
Resistance Levels: $1000, 1100, 1300, 1600
Gap levels: $655, 589, 514, 430, 255
Day's Range: 41.61 — 45.73
Market Cap: 154.068B
Stay tuned for future technical analysis, news, updates, and more from EXCAVO