$TSLA Giga-move
In the ranging market from December 2013 to December 2016, there were what I see as 3 main moves between $177-$290.
In the current range from March 2017 to now March 2019, you can also see 3 main moves, just a little messier.
The UTA (Ultimate Trend Analyser) and Spectro-O confirm that there is plenty of room for a big move up over the coming months. Spectro-O looks like an almost perfect fractal from February 2016 to February 2017 where I have highlighted. The UTA confirms volume has changed and we're near the optimal entry.
The 50 month MA has been tracking as a well used dynamic support with TSLA and we have come down and kissed it just over the last week, found support and started moving on.
Optimal entry will be under $280 and will need to implement a well thought out stop loss strategy if you're wanting to capture the full move.
Fundamental fuel:
New Giga-factory- www.zacks.com
Model Y reveal in 4 days- cleantechnica.com
Teslamotors
1% Day for 300 days with Tesla - Spectro Side Trend StrategyHello everyone,
I admit this is one of the setups I like most, many people frown when they see side markets. Because most of the times they lack volatility - yet, sometimes those beautiful long range channels show up. Allowing you to "ping-pong" as long as they hold. Usually, you get 2-3 bounces before they cease to exist. Look for behavior similar to this in other assets and then just apply the strategy.
Channels within a 10-30% range offer around 0.2~0.5%/day avg profit
Channels within a 30-60% range offer around 0.5%~1.5%/day avg profit
For this strategy, I'm only using one indicator: Spectro M2
The only features I'm using on the indicator is the main Spectro Oscillator with the aggressive preset and one of the pivotal leveling tools offered.
I'm not using any other confirmations but since it's a W chart, you can use XConf Algo with aggressive settings(you'll notice a small green arrow, that's the extra reversal confirmation that appears less often)
TSLA Is model 3 what investors are looking for?Is model 3 what investors are looking for? Definitely NO! Investors aren't fed up with Musk and his tweets, neither about his promises or SEC controversy. In fact, smart investors are waiting for revenue, to start being a profitable company, unfortunately, is taking too long. However, model 3 looks nice and cheap for a standard range car, but the narrative isn't about a cheaper car, delivery or whatsoever. People and Industry need a new way of thinking about electric cars. My targets are clear and intact, so I'll wait for the last one which is around 213.10 to reckoning a buying option (just if we see any).
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TESLA in a tunnel As you can see Tesla has stuck in a tunnel between 295$ and 321$ since last December. Tesla is the most controversial (and exciting IMHO) stock in the last few years and it may offer a good opportunity this time. As you can see the price has reached the level at 295$ again, a level that proved very strong support for the stock in the last month. If it won't break down this level there's a good chance to the price will go up again and it'll reach the level around 320$ in the next weeks. That would mean about a 6% yield in short term. If it will be able to climb above 320$ the next serious level would be at 350$. But if the 295$ level can't hold the price this time it would break out of the tunnel and the next potential stop would be around 260$ that is a good opportunity for a short position. Anyway, Tesla is at an exciting level right now and I guess it's worth to watch it in the next days.
Tesla Elliott Wave Bearish Sequence Favoring More DownsideTesla ticker symbol: $ TSLA short-term Elliott wave view suggests that the cycle from 12/7/2018 peak is showing incomplete structure favoring more downside still. Down from that peak, the decline is unfolding as an impulse structure with sub-division of 5 waves structure in lesser degree cycles. When a decline to $279.28 low ended wave (1) in a lesser degree 5 waves structure. Above from there, Tesla corrected the cycle from 1/16/2019 peak ($352) in wave (2) bounce.
The internals of that bounce unfolded as double three structure with lesser degree cycles showing the sub-division of 3-3-3 corrective structure in each leg. Up from $279.88 low, the initial bounce to $318 peak ended wave W also in lesser degree double three structure. Down from there, a pullback to $290.51 low as zigzag structure. Above from there, a rally to $324.19 high ended wave Y as Elliott wave zigzag structure. And also completed the wave (2) bounce.
Near-term, as far as bounces fail below $324.19 high expect Tesla to extend lower in wave (3) lower towards $264.11-$243.39 area lower initially. However, a break below $279.28 low will add more conviction to this bearish view & avoid Elliott wave double correction in wave (2) bounce.
Tesla MonthlyTesla rejected the 1.618 many times and has formed a strong resistance there, I see current support 260-245.
If price comes down more I would be watching 250-220 range around the green trend.
If Tesla makes a new high and breaks above 1.618 I would target the fib levels above, so the 2.0 first.
Fundamentally I love Tesla and Elon, but I don't trade fundamentals. Trade safe!!
Tesla SHORTI love this drama counter and drama CEO. Price are driven so much by emotions and speculation. Resistance is at 360 but due to its emotion fueled volatility, SL should be above the last swing high (391). Due to the wide SL, trade with lesser lot size. The volatility should bring you enough profits despite smaller than usual lot sizing.
Do remember to visit my patreon if you find my analysis helpful. =)
Tesla Weekly Under 200MA - Investment opportunity.Tesla stock is currently under its 200MA on the weekly chart, trend line keeps the stock in a uptrend. 2 Yellow zones for targets as we go towards 2019. 20 & 50MA are acting as resistance and stock is currently trading in-between 20 & 50MA and 200MA.
TSLA Approaching Major Top at $420 (Elliot Wave 5)Although I personally am a big fan of Tesla and the cars, this analysis is not about my love of the cars but rather the balance sheet and technical analysis. It is no secret that Tesla (TSLA) is the most shorted stock in the United States right now. The balance sheet and cash flow make no sense (burning through billions of dollars in capital each quarter, constant net losses and never made a net profit for the last 10 years, and yet the stock price keeps going up). Despite all this, Elon and his magic make people believe (can anyone say "behavioral finance"?)
However, if you look at the Elliot Wave macro outlook, it looks like TSLA is approaching wave 5 (which would mark the top, then a ABCD correction would follow) - and if the waves tell us anything, the "top" wave 5 would appear to be around $420 - the exact price Elon tweeted he would take his company private at today.
This is not a recommendation to short TSLA stock - everyone who has done that for the last 10 years has lost money. Rather, it is an observation that $420 may indeed be the market top for TSLA, even if they do end up being a solid car company for many years to come.
Tesla Elliott Wave View: Favoring More Downside To ProceedHello Traders,
TSLA short-term Elliott wave view suggests that the rally to $317.51 high ended blue wave (X) bounce. The internals of that bounce unfolded as zigzag structure where red wave A ended in 5 waves at $302.64 high. Down from there, red wave B pullback ended as a Flat at $260.56 where lesser degree black wave ((a)) ended at $275.50. Black wave ((b)) ended in 3 swings at $315 high. And black wave ((c)) ended 5 waves decline at $260.56 low.
Up from $260.56 low, a rally to $317.51 high in 5 waves ended red wave C & also the blue wave (X). Down from there, Tesla has made a new low below 9/07/2018 low ($252.25) confirming the next extension lower in blue wave (Y) lower. Where initial decline to $249 low ended 5 waves in black wave ((a)) of a possible Zigzag structure.
Above from there, the stock is doing a bounce in black wave ((b)) in 3, 7 or 11 swings. Near-term, while bounces fail below $317.51 high expect the stock to fail for more downside. We don’t like buying it as the right side is lower & calling more downside against $317.51 high.
Tesla Moving up So here we have TESLA stock, as you can see from our support line it has only hit this 3 times in a matter of month's which indicates a very high possibility that this will go long next week, if this breaks our support line i would feel this is going to be a shock to TESLA stocks and could go down further.
If anyone has any ideas please comment below.
Was Tesla the Canary in the Coal Mine for the Stock Market? After the SEC went after Elon Musk, we saw the stock drop 30%, but the chart already showed that a big reversal was in store for Tesla with a bearish divergence and a swing high failure on the RSI on the daily chart as well as the weekly chart.
We also see that magical Canfield Fibonacci level show up at 17.944 as the top for Tesla.
I debuted these fibonacci extensions in my last post here if you'd like to learn more about them and how I calculated them:
This was the same level that Gold and Bitcoin were rejected at.
You will see that Tesla hit the 17.944 Fibonacci extension and formed a massive bearish divergence and a swing high failure that we’ve seen on the Dow Jones, Amazon, Apple and many of the other charts I highlighted.
AMAZON CURRENTLY FACING THE 17.944 with the same bearish divergence.
Dow Jones facing the same bearish divergence.
After this bearish divergence, Tesla had one more run back to the 17.944 before getting rejected and is currently retracing to the 11.09 Fibonacci extension.
We saw a 50% fall from it’s all time high around $383 for a bounce around $194.
Do the other charts and indexes I highlighted have the same fate in store?
Monday will be a big day for stocks as they’ve already had one of the worst downward slides since May of this year.
Bitcoin is still in undecided territory and I have highlighted both a bearish and a bullish scenario.
Let me know what you guys think of the new Canfield Fibonacci levels and if they're helping you with your analysis.
Monday will be a very interesting day...
Tesla Will Be Okay!!! Don't Sell!!The reason Tesla will grow again! Tesla has gone through way worse stuff that Elon smoking some weed! He would be fine if guilty and so would the stock. if he has to make the decision to step down, which he wouldn't do he's too crazy to do that, but if he did Tesla would go on to be bought by google and would boost the stock again!