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TSLA - Not FOMOing in any time soon!TSLA looking hella toppy right now. Has not passed it's former high @ roughly $950 RSI approaching overbought territory. This is a stock that is realistically attracting investors who are driven by profit and you can see the sell-offs causing massive price fluctuations of over 50%, therefore better to be careful considering the current market conditions. No reason to be bullish at all unless we get to our all-time high again in which I would say is not likely at this moment. I would expect traders to be even more driven by profit-taking considering the amount of blood and volatility in the market right now. This is a very popular stock at the moment and I would rather have a buy the dip approach. Tremendous opportunity in TSLA considering the large swings. I could see much cheaper prices ahead of us as people continue to take profits at this range. We could go as high as $820 and I still wouldnt change my sentiment. If we close daily candle bodies above the $820 I would only then reconsider my strategy.
NASDAQ:TSLA
by thiluxan_s
$TSLA : This Is An Update From My Previous PostI originally made my initial publish on this website on the 13th of April. This publish is just a magnified look at that one. As you can see, the theory is holding pretty fair right now. Earnings still seem to be expected between the 22nd, and the 29th. Most seemingly expect it on the 22th. I believe as long as many maintain the belief that earnings will be on the 22nd, there will be continued strong resistance at around $750. There is mounting evidence that PUT options have and continue to increase on $TSLA, so i don't see it break that $750 threshold. In my opinion, i'm not looking to short until it goes below $700. At that point i will inspect how it moves from there and holds to the resistance of $700. If it continues at or about that range, the longer it does, the more confident I will be to short it after the 22nd. However, if it falls below $680, i don't see BULLS regaining control, in fact, most should be struck with fear and sell out to maximize profits. They wouldn't want to get caught in that free fall. After that free fall I'm looking to buy long term (depending on where I have 3 possible support zones) between the ranges of $415 and $350. I don't expect it to go lower than $350 with Tesla being a leader in its industry. Please like and let me know what you guys think. Again this is an update to my last publish, for more information please review my previous posts. I do not give away my personal signals.
NASDAQ:TSLAShort
by russkishurik
2
TSLA - Tesla S/R levels Hello traders, Description of the analysis: Tesla is currently testing the resistance that has the main reaction area around 740. Here I see the probability of short-term refusal of higher prices or consolidation in the band. Remember that primary S/R zones are only zones of increased probability of primarily rejecting lower/higher prices. If you want to own the underlying asset at a lower price, you can sell the put option at the requested price, you will receive a premium as a bonus and you will own the shares after exercise. Remember that 1 option = 100 shares. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
NASDAQ:TSLA
by Jacob_Kovarik
TESLA: THE BIG SHORTFirst off, I would like to say that I believe in Tesla and Elon Musk. But this parabolic rally is entirely unsustainable and is fueled by hype similar to cryptocurrency and 2000 Dot Com Bubble. I called the dip to $750 and subsequent bounce to $950. I have been short biased since $958 and will add above $1,000 if we get there. We might have another push up, but in my view anything up here is an obvious short. I will link proof of my older call below. Most TSLA bulls got rekt by shorting too early, while I was waiting for a blowoff and bounce (lower high) for this trade to fully develop. For the Tesla bulltards, this is not a day trade. This is a multi-month or year macro swing trade and I will be hedging on strong bounces. It will not be a straight drop down by any means. But what goes up, must come down. I am primarily technical trader, but with the Cornonavirus debacle and the global slowdown starting, these events add confluence to my bearish view on Tesla. Long term, I think Tesla can succeed so long as they can remain capital efficient. But for an asset to be properly price, it needs to not be in the midst of a massive hype cycle. In short, Tesla to $601, $511, and ideally the ~$400 range. If this is a true parabolic invalidation, then an 80% decline puts us at a target of roughly $170-$200. That is not my primary count, but I consider it as a viable possibility if a recession begins within the next 18 months. Until then, this is a game of patience and shorting every bounce or move higher above $1,000 while hedging long on dips. If this trade is accurate, it will likely be one of the biggest trades of the decade among major companies. For now, we wait. The Big Short.
NASDAQ:TSLAShort
by MWCarter