tesla on the brinkFounded by Elon Musk, the company, has some rather concerning fundamentals. Don’t get me wrong, electric vehicles are the future; we need renewable sources of energy before the world reaches peak oil. Big Energy companies are slowly moving away from oil as a source of energy we are witnessing electric cars solar panels pop up everywhere the future is here and it is happening. The energy sector is changing but we shouldn’t get carried away. If you would indulge me for a few pages I will give you some numbers and you can decide for yourself whether one should be cautious or not. The charts I will put up in this report were obtained from the company’s earnings reports.
Teslamotors
TESLA Bearish Scenario. Tesla share price is still trading into a bearish consolidation pattern. The neckline of the bull trend, now an important resistance, has rejected again the bulls. This suggests that the scenario previously depicted still stands. A current entry short at around $345 with a stop in $364 seems like a good risk-reward strategy.
Good luck fellow traders
TESLA Bearish ScenarioTesla share price has been trading into a bearish consolidation pattern for the last few weeks. The neckline of the bull trend, now an important resistance has prevented the price several times to continue the bull run. It is quite likely that the share price may begin quite soon an important bearish move. An entry short at around $340 with a stop in $364 seem reasonable.
Good luck fellow traders.
Cup and handle formation on Tesla Tesla has recently been in the news with there new trucks. Traders are taking there profits and are closing positions. Right now there is a reverse cup and handle formation evolving. When looking at the MACD and the Stochastic there is a light confirmation.
Keep an eye out on this one, to go for a long position.
Long position for TeslaTesla has recently been in the news with there new trucks. A lot of traders are taking there profits and are closing there positions.
Right now I see a clear reverse cup and handel. This means there will be a buying opportunity. The Macd and stochastic do confirm this already, however in a light version.
POWR Rises with Tesla AnnouncementsSince POWR is tied directly to the distribution of decentralized energy and TESLA is the primary producer of decentralized energy I believe that POWR will rise and fall with Tesla news and innovations. Tesla produces the home batteries and solar powered required to really make sharing of electricity possible. These two need each other.
TSLA weekly Demand - Long in the context of a monthly uptrendAll Trade Parameters shown on the chart. Long setup in weekly Demand. We trade the monthly uptrend. I do not expect a Higher High at this stage (that is why we do not have a third target). Second target is placed before the opposing weekly supply Zone.
22.10.17 NASDAQ:TSLA BUY IDEA (MED RISK)Fundamentals:
Currently Tesla is developing sales on last model ( 3 ) and still working on loss as I read in AR and saw the balance sheet, with Earnings Per Share at levels of $ -4.72 .
Good time to LONG something cheap, right before the bulls.
Technicals:
RSI at it's lowest.
DEAD FROM INSIDE, HEALTHY FROM OUTSIDE: LIKE STERIOD USER (TSLA)
TSLA Net profit each year ( lossing millions)
( in Millions)
2007: -80
2008: -79
2009: -52
2010: -147
2011: -251
2012: -394
2013: -61
2014: -187
2015: -717
2016: -667
First, let's see what other successful investors have to say:
David Einhorn: Took a huge short position on TSLA
Einhorn has averaged annualized returns of 16.5% over the last 20 years. He's no mug.
Berkshire Hathaway: No long position of TSLA stock
Berkshire Hathaway is Warren Company and big than all others
Even Elon Musk himself admits his stock is overvalued:
www.cnbc.com
I mean it's common sense, someone else is paying $55 Billion for a company "x" because he thinks that company is "Cool" doesn't mean you should also pay the same amount as you know the fact that company "x" is losing $400-700 million a year.
TSLA double top or another run for the cloudsI need to think about TSLA a bit more, here is my more detail setup. You can read my main reasoning in my previous idea "Tesla this year, basic setup". One think for sure, the company's exciting times just begin and even thou retraces, probably will never be back to those previous levels.
Cheers and happy trading
Tesla breaks out of a 3+ year rectangle to the upside before ERAs earnings near, Tesla breaks out above its 100 day moving average (pink line) and a 3+ year rectangle pattern (blue lines). If earnings beat, diagonal support line 1 could be breached, starting a $95 move upward as forecasted by the rectangle. New support at diagonal line 2 and blue line Y. RSI is still in a bullish upward channel, but let's watch for a movement above 70.