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TSLA Medium Term Short - Next leg down from the bearish trendTSLA (Tesla) Short Here's a setup of a TSLA short that I've initiated on Friday. Looking at the Fibonacci retracement lines, it has struggled to breakout of the 38.2% line after it's initial denial at the 23.6% line. Recently, there has been a breakout from the 38.2% region due to a strong market, despite negative Tesla stories as of late. Similarly, price has had difficulty breaking above the 200sma, which it broke just as of late. However, the main bearish trend line, top one in blue, is acting as strong resistance. Tesla closed once again at the 38.2% line, looking to make a reversal here and head back to low 200s. Unless there is a breakout of the top trendline, I expect another leg down push, hopefully into the low 200s/high 100s region. This is a purely technical-based short setup but is very influenced by Tesla news. Musk has yet to release his master plan which he had mentioned this past week. Any evidence of a breakout of the blue line would be a good place to cover a short position.
NASDAQ:TSLAShort
by amishra36
Trade Idea #49 - $TSLA - Swingers Playground$TSLA showing huge movements lately. The last published chart was stopped out (so was teh trade) but a re-entry at the same set-up proved to be profitable enough to cover losses and then some. Tesla is now showing a decent swing trade set-up after a 45% rise. Time to short the exuberance. Conservative target of 195 Reasons Suppression at 200 & 365 EMA Overbought RSI on the short-term lookout Dynamic Trend line resistances Rate Hike could be mega bearish Good Luck
NASDAQ:TSLAShort
by Alekznder
I would get in TSLA now Hot and LongThe historical volatility is at all time highs, which makes sense with all the selling in the beginning of the year and now the recent upgrades and Model 3 being released to drive on March 31st. Article provided in this link , titled "Elon Musk previously said we'd only see part of the car at this month's unveiling. Apparently that's changed." Now, we are ramping back up vigorously. The volatility is higher than when we had a clean move upwards in the Directional Movement Index back in April of 2015. Now, we are experiencing that, but more intensely (the two long vertical lines show this instance). The golden dashed green line is the general trend line of the overall lowest highs of this monstrous stock. Although we fell below it, it has help create an insightful Fibonacci trend line that shows an extraordinary upside to 311, my 2016 PT (price target). The predicted short-term price target lies on wave I in the Elliott Impulse Wave formation. There is a high probability that the price will land in this 240-245 range in 3 weeks; the beginning of April, because both Fibonacci retracements are converging here. Additionally, the golden dashed line is in conjunction with this price range. The hot area is in early July (around III in the Elliott Impulse Wave Formation and R; the overall resistance), where we will see another high before we break out eventually to the high of the year of 311, which is at the end of the year and in the 5th most dominant wave of the Elliot Impulse Wave.
NASDAQ:TSLALong
by ChargingBull
Bullish Cypher Pattern Forming On TSLAA Bullish Cypher is forming on the daily charts of Tesla Motors Inc. (TSLA). Currently, price has completed the initial extension leg AB and CD when it is making a reversal at the 127.2% and 141.4% extension zone. The next leg, if the pattern is to remain valid, is a move downwards towards the 196.73 area where it meets the 78.6% Fibonacci Retracement level of the A-C leg. For more details of Cypher Patterns and their formation rules, please visit SimplyChartPatterns.com
NASDAQ:TSLALong
by kschiangb6
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