Teslamotors
The Case Against TSLA: short-interest vs. price actionI lowered the xabcd since it imo could happen, bringing price to around 217, but then what happens after that..everyones favorite stock crumbles! Why? I believe short interest. But where are my Tesla bulls? Im a recovering TSLA investor, "shot myself in the foot" way too much when I started trading, so I probably wouldn't buy into the TSLA hype unless it shot up drastically (i.e PCLN). What is the bullish argument? ( I like Musk, I know he's an innovator, but what am I missing!?!) Best, Matt
Tesla - Call End of Day/WeekTesla Motors Co Chief Executive Elon Musk said on Sunday the automaker was updating its semi-autonomous driving system Autopilot with new limits on hands-off driving and other improvements that likely would have prevented a fatality in May.
Sentiment is positive. End of last week (daily chart) ended on S2 (support). Tesla breaks $200 (since thursday).
Call end of day.
If Tesla keeps breaking support and reaches $187, Call end of that week.
Short for Tesla :((((((I'm not a hater of Tesla or Musk at all! I love the idea to build ecological cars for everyone. But beside the fact that every single news on the autopilot flush Investors I think this can't be a long for traders. Tesla failed two times now at 234$ for 61,8% of this down move from 2014 to 2016. In longer perspectives I'm bullish on Tesla - no doubt! But for now I see coming prices rather 200$ than 250$.
TESLA COMPLETING A TOP, FAILING AT THE 200DAY MATesla stock lost the 50day moving average on Friday and is testing the 200day moving average support today. At current levels the stock would also clear a clean 'lower high' top. On a close below $217 (200d ma, horizontal support) could see a deeper selloff starting with next better support at $199 (gap) and at $188 (summer low)
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.
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
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.
TSLATesla is trading within a larger weekly-monthly distributive pattern. The 7-month trend has been within a BEARISH descending channel. Each prior attempt to test the upper trendline has formed a rally to has failed to follow through...an "upthrust." Longs are holding onto *RISK* into resistance.
If the 50% Fibonacci retracement holds the bias would continue lower supporting distribution thesis with a TARGET as absurd as $100