Teslamotors
BUY THE TESLA DIP TO $900
For those of you who don't know, I shorted Tesla at $950 and am holding it for a swing trade. I'm currently ~30% in profit in a few days.
However, this looks primed to go up and fill the gap above at $900. At this point, it is too soon to tell if we go higher than $900 (green line) and make new highs but I want to be hedged against my position in case we blast off.
The plan:
- Shorted $TSLA at $950
- Long $750 (hedge)
- Take 50% profit at $900
- Let the rest ride until rejection
I've always stated I don't rule out the possibility of Tesla at $1,000+ in the short term. But I will be adding short anywhere above $1,000 and holding it for a long term trade. For now, buy the dip!
For those of you don't follow me on social media and missed my original short call, check it out below!
NIO- You may have missed Tesla's run, but you still have NIO!Ready to buy on the dip?
NIO suffers from the same issues that Tesla has... Production capacity and profitability... But it benefits from the same hype- EV is an emerging and environment-friendly trend. Furthermore, China is the biggest EV market and only 2% of the market is tapped.
Tesla may have the first mover advantage, but NIO enjoys the recognition of the homegrown brand in China.
Let's take a look at the technical analysis.
Impulsive wave cycle has recently run its course and, I believe the distribution is currently underway.
The price is stalling at Fib 61.8% and POC, Kijun and bollinger midlane are providing the temporary support on the daily timeframe that I suspect will only hold for so long.
The reason being that the volume has been on a sharp decline as the price went up and, the potential ascending H&S is looming on the horizon.
Based on the confluence of Ichi, multiple fib lvls, swing highs/low and VPVR, I believe $2.50-$3.15 is the buy zone we should watch out for.
This is not the financial advice so please do your own research before you dive into NIO as it has been acting quite volatile lately.
Please click like if you enjoy my analysis :)
ridethepig | The Tesla BubbleIt's really difficult to find any Tesla charts here lately ... maybe you guys can post some in the comments (:
Tesla adding another $20bn in market cap alone this morning...all perfectly normal valuation growth... right. I suggest selling TSLA on the open and expecting a -25% move to the downside. Lack of sizings against the bullish flow is allowing the short-squeeze to continue. Capitulation was the catalyst to go actively short, and in hindsight see how we were jumping the gun earlier into the move. TSLA will obviously benefit from the transition away from an oil driven economy, though this move does not reflect normality.
The risk-off sentiment led to a significant divergence in the surface and inversion in short-interest structure. Initially I am going to run the trade dynamically to position for both a continuation and reversal (in simple words hedging) and then when the trade starts working we can go massive on sizings !
Ahead of the technical resistance at 900, I evaluate the balance sheet path's under different assumptions for the demand. I continue to suggest the metrics are overstretched on both deliverables and PPE spending. In my models, stock is fairly valued at +/- 250.xx but with initial targets (can't believe I am saying this) of 650 and 550. If we get enough interest in the comments we can explore TSLA's financial status and short-interest resilience to date.
As usual thanks for keeping the likes, comments and etc coming!
💎 TESLA vs BTC - Projection price falling!Thumb UP👍 if you like this chart!
I took the BITFINEX:BTCUSD candle drop pattern in 2018 and applied it to NASDAQ:TSLA shares. It turned out that exactly the same drop will lead the company's price to its fair valuation in the range of $240-$210. Why this assessment???
The forward P/E is still more than 90!!! Thats incredible in motor vehicles field! And this is all assuming perfect execution, production capacity that does not exist yet, and that income from regulatory credits will stay the same. With this P/E investors should not expect a good return. Under these idealized assumptions rational investors could expect a decent return at a P/E of 12, so at a share price of $217 or less.
Write in comment how do you think what the fair price for TESLA Motors?
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Tesla taking away VW shareNo, it’s not Bitcoin chart, but EV maker. Tesla shares are topping $550, lifting gains over the last 24 hours past 10% and extending a record run with a market cap of over $100B. That figure means Tesla (NASDAQ:TSLA) would steal Volkswagen's (OTCPK:VWAGY) title as the second-most valuable global carmaker during today's session after topping the combined value of Ford (NYSE:F) and GM (NYSE:GM) earlier this month (#1 Toyota (NYSE:TM) is valued at $198B). Shares of the EV maker have more than doubled over the past six months. Crazy stats.
TSLA, intraday consolidation w/ bullish pennant parabolic squeezTesla is setting up for a nice afternoon. Elon Musk fanboys gonna wake up and we'll see the same slow march up through the rest of the day that we normally see with tsla. Might be some short term selling over lunch. DON'T GET SPOOKED! The parabolic squeeze is followed by a big move to the upside 70%+ of the time. TSLA FTW!
Tesla Stock is Vulnerable to a 40% Elliott Wave DeclineTesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems. Its market cap is approximately $86 billion.
In Tesla's case, investors have been too optimistic recently. The stock is up 186% in the past six months, climbing from $177 low in May 2019 to $499 this month. Unfortunately for the bulls, no trend lasts forever. Therefore, once investors run out of optimism, the stock is likely to fall significantly. The question is, How soon?
In order to find out if Tesla stock is a good pick now near $500, let’s take a look at its Elliott Wave chart above.
The daily chart shows Tesla's entire progress since May 2019. As visible, the price appears to have formed a textbook five-wave impulse pattern, labeled 1-2-3-4-5. It certainly has been a wonder to behold while it lasted. The problem is the Elliott Wave theory states a three-wave correction follows every impulse.
Normally, the corrective phase of the cycle would erase the entire fifth wave. For Tesla, this means a sell-off to the support of wave 4 near $327.
The Moving Average indicator reinforces that the price is overextended. If this count is correct, the next couple of weeks can be a lot different than the past two months.
What's your view on Tesla Stock?
Tesla has a LimitTesla has a stock limit. It may look like its running way out of what we thought was possible, but it's just reaching similar peaks as it did in the past. This logarithmic graph shows their exponential growth in linear terms. I predict they'll peak at 525 or at 580 before returning to more modest numbers. It may run over those numbers if people see the stock as a pump and dump with it's current growth. I may try to profit from 480 to 525 but I'm out until it gets back into the 400s.
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.
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-
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