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Teslashort

TSLA Stock Split had me interested but...TSLA is the hottest performing stock of the year and that's great but there's a few things to keep in mind short-term. On the Weekly time frame the stock is nearly parabolic. A combination of that along with the RSI starting to show bearish divergence has me seeing it pulling back sometime in the next 3 months (Nov/Dec). On the lower time-frames you'll also see bear volume increasing. I think we'll top off around $550 but historically speaking we've had dumps around election time. Smart money would wait until November/December when the Daily and Weekly RSI hover back down to the 40 range. Additionally, you have fresh meat entering the market via Robinhood etc who aren't familiar with the stock market or technicals. Any sell-off will be exacerbated by them panic selling. Target for a rebuy is $275-$280.
NASDAQ:TSLA
by tired_man_willis
2
Tesla - great example of buy on fear and sell on greed? Let seeTesla news everywhere last week with their stock price smashing through 2000. Will it keep going up I read? Shall I buy now? Is it too late to jump in now? Who know.... nobody knows. But to me, as soon as the news starts talking about it the fear and greed scenario could kick in - just like BTC at 20k? The people late to the party will jump in and then panic sell if there is a short term sell off ... potentially. Anyway, it could keep going up for sure - until we see any signs of rejection the trend is still up! What goes up - does NOT have to come down, why? Because it can keep going up first. Anyway, stick to your own plan and strategy and always focus on your risk management. Check out the book we recommend to help keep your emotions in check and trade fearlessly. Over and out. Darren
NASDAQ:TSLA
by pow_removetheguesswork
🍻 Focus In On The Next Longterm Tesla Play!2 day chart showing doji compression after an overextended move. If you know me, you know these are the type of opportunities when I look for the next long term investment. Daily red a cross the board on all indicators, 2 day is shifting red on the ema dots. The 15 ema dots on the bottom still trying to make its transition. I currently have a lot of size sitting in on dow jones index short as it is playing off previous high. The name of the game. Find the trend reversals and play with good risk management. I believe 1432 is a good level to keep an eye on for a breakout to see how exhausted this move really is. Best of luck.
NASDAQ:TSLA
by UnknownUnicorn2319099
1
You Choose To Make Trading Complicated... Why?You will never control where the market goes next... unless you are a market maker with very deep pockets. Stop trying to predict where something will be in 6 months and focus on what's happening now. Your objective as a trader is to manage risk at Distribution/Accumulation points in the markets. Here we have a chart of tesla. Custom Candles, Ema Dots Indicator and The Custom RSI We leverage the candles as confirmation of what price action wants to do as of right now. If we have strong engulfing candles we NEVER chase. You need to manage your risk on these compression points. What we do is focus on the compression points of doji candles as they can shift signs of indecision and potential market exhaustion. Then we align with the ema dots and rsi for correlation to leave overbought/oversold territory to identify the next major trend. If you can manage a tight risk on capital on the trend turning points, that is how you win. You have to risk a little to win big. If you enter a trend shift and don't set a stoploss and the trend goes against you... that is how a large amount of traders blow their accounts. You need to understand to manage risk and have the correct setup to identify the best trends in the markets. It is inevitable that you will catch the next big trend if you play the trends correctly. Filter out most of the noise and utilize a larger timeframe. Smart money let's their assets work for them over time.
NASDAQ:TSLAEducation
by UnknownUnicorn2319099
33
Analysis on Tesla Stock RallyMany people are looking at Tesla's stock currently because from March till now, within a period of 4 months, it went up approximately 5x which is rarely seen in the stock market. Tesla is a huge company but it has never yet made profits for four quarters in a row, and thus isn’t eligible for inclusion in the S&P 500, the world’s most tracked index. If it manages to show a profit for the second quarter, then it will have passed that threshold, and the committee that oversees the S&P 500 would probably add it to the index sooner rather than later. Tesla's market cap is currently at $275 billion. With only having less than 10% of Toyota's revenue, Tesla market cap is currently approx $50 billion higher than Toyota's. I feel Tesla is probably overvalued now and is primed for a crash soon. Think it will hit support at around $1,000 price point.
NASDAQ:TSLAShort
by Trader_hao