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.
Teslamotors
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.
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