#TSLA With huge potentialThe Stochastic indicator shows us about Oversold as we are below 20 points. This is the first reason for our recommendation for buying. The second reason is the price stuck within a price range between 250 and 380 from July 2018 with support and resistance as clear as seen in the graph and at this moment we are very close to support (With recent declines in indices you should be careful that this can lead to a breakout of support and then further declines)
Sell TSLA:
Entry Price: 257
Take Profit: 380
Tslaanalysis
#TSLA With huge potentialThe Stochastic indicator shows us about Oversold as we are below 20 points. This is the first reason for our recommendation for buying. The second reason is the price stuck within a price range between 250 and 380 from July 2018 with support and resistance as clear as seen in the graph and at this moment we are very close to support (With recent declines in indices you should be careful that this can lead to a breakout of support and then further declines)
Sell TSLA:
Entry Price: 257
Take Profit: 380
$TSLA Giga-move
In the ranging market from December 2013 to December 2016, there were what I see as 3 main moves between $177-$290.
In the current range from March 2017 to now March 2019, you can also see 3 main moves, just a little messier.
The UTA (Ultimate Trend Analyser) and Spectro-O confirm that there is plenty of room for a big move up over the coming months. Spectro-O looks like an almost perfect fractal from February 2016 to February 2017 where I have highlighted. The UTA confirms volume has changed and we're near the optimal entry.
The 50 month MA has been tracking as a well used dynamic support with TSLA and we have come down and kissed it just over the last week, found support and started moving on.
Optimal entry will be under $280 and will need to implement a well thought out stop loss strategy if you're wanting to capture the full move.
Fundamental fuel:
New Giga-factory- www.zacks.com
Model Y reveal in 4 days- cleantechnica.com
Tesla MonthlyTesla rejected the 1.618 many times and has formed a strong resistance there, I see current support 260-245.
If price comes down more I would be watching 250-220 range around the green trend.
If Tesla makes a new high and breaks above 1.618 I would target the fib levels above, so the 2.0 first.
Fundamentally I love Tesla and Elon, but I don't trade fundamentals. Trade safe!!
TESLA STOCK OPPORTUNITY!Tesla, stock has been retracing lately and it is one of the companies which I have a believe in the future so its time to check the charts. Tesla looks like it getting back on track and wants to test 350+ USD prices however I think a short-mid term retrace is coming and we are going to test 300 USD as our support area after which we should take off and go to 350 USD+ area where if we break 400 USD resistance then we might really be taking off!
Good Luck, Traders! #moon #mooncommunity #turtlestyletrading ;)
Be a turtle my friend © Farhad Jafarov
TSLA Short; Weekly Close under Heffae Clouds - MTF Analysis TSLA is closing underneath the Weekly Cloud bottom for the first time since inception.
I believe this means more than consolidation, as the path-fitting has given extremely valid signals on bottoms running up the Monthly so far.
This is an extremely strong signal given the prior path validity and being a longer time frame in agreement with repeated signals from shorter timeframes on Heffae Clouds.
The Monthly provides a target for closing short at 217:
Hybrid Timeframe is showing resistance at 285.
Ideal Entry: 295-300
Target: 218
Tesla Inc long term longs at monthly demand levelTesla Inc. #TSLA Very strong monthly demand in control. monthly is now ranging with price bouncing back and forther betweeen opposing monthly imblances at 340 and 257. Previous monthly and weekly demand levels have been playing out nicely.
No longs allowed right now unless price reaches fresh monthly demand imbalance around 199.
Recent Tesla Data Showing ProblemsRegarding the Model 3:
The company fabricates its production numbers. It goes by “factory gate” or partially completed cars rather than those actually produced and sold to consumers.
Management grew weary of the valid criticism of its persistent – though entirely expected – overpromising and
Full post here: aff.whotrades.com
Tesla Elliott Wave Analysis: Correction Sill In ProgressHello Traders,
In this Elliott Wave Analysis, we will have a look at Tesla in the 1-hour timeframe.
Tesla ended the cycle from 04/02/18 low (245.19) at the peak of 06/18/18 (373.85) in blue wave (1). Below from there, the stock is in the progress of correcting the cycle from 04/02/18 low in 3-7 or 11 swings lower in blue wave (2). The internals of blue wave (2) pullback is unfolding as an Elliott Wave double correction where red wave W ended at 07/05/18 low (296.05).
The internals of red wave W unfolded as a flat structure, where it ended black wave ((a)) at 06/26/18 (325.54), black wave ((b)) pullback at 07/02/18 peak (366.85) and black wave ((c)) of red wave W at 07/05/18 low (296). Up from there, it ended red wave X pullback at 07/10/18 peak (329.44). Below from that peak, it ended blue wave (w) at 07/24/18 low (292.35) and blue wave (x) pullback at 07/26/18 peak (310.63).
Near-term focus remains towards the area of 272.92-264.22, which is 100%-123.6% Fibonacci extension area of blue wave (w)-(x) before a reaction higher can be seen. As long as the pivot at 329.44 peak stays intact, we expect it to extend lower as the right side remains still to the downside.
TESLA STOCK ANALYSISJust straight up looking at the chart, we can tell that the trend is clearly upwards. As the ADX and PVT are positive (even after the recent dip), it might be a smart idea to invest. However, at the same time, the fall in ADX could lead to a gigantic drop as traders sell in order to prevent a loss, especially after the recent news
Currently, Tesla stocks are trading and the stock could go either way. Mostly, I believe that the fame behind Elon's name will drive the stock upwards. Heck, the stock jumped after he predicted that shorts are going to lose billions.
It might be a smart idea to wait for a bit but this stock should be one to keep an eye on.
In my amateur analysis, I believe that the recent drop in stock was due to the 'sensitive information' stolen and the recent fire in the supply lines. Elon delivering on his Model 3 promises will drive the stock upwards if he succeeds and downwards if he fails.
It might be smart to watch for news on Tesla. They have to hit a quota of 5000 cars a week to drive up the stocks and well you guys can decide if you all believe he'll reach it or not. Do decide to short or buy stocks of Tesla respectively.
For me, however, I'll be buying stocks of Tesla mostly cause I love the idea of clean energy and actually hope it works!
Thanks for reading!
Using Trend Indicators to Help Determine a Short in TSLATSLA is having quite a bit of news these days. There are plenty of traders who will use that for fuel to look long or short. However, that's not what I want to do. I want to let the chart tell me what to do. As I'm not using my actual trading platform, a few things will have to be "givens". Feel free to look these up for yourself.
This is how to trade using a plan for the entire process start to finish before you enter. If you do not have a trading plan, do not take this setup. This is for educational purposes only. Trading involves risk and you may lose actual capital by taking this trade if it does not work. You must trade your own plan. I simply wanted to show you what that can look like for a specific trade.
Learn more by joining our CTP Group and start building your plan today. mailchi.mp
Using two price channels, the shorter mid line has crossed below the longer midline on both the daily and weekly. What this means is that daily and weekly price action is geared towards the downside. This has failed before, but this is not the reason to short, simply a confirmation piece that the short is valid.
Using the 60 minute, a high probability short is presenting itself. Not shown: MACD & 200 simple moving average.
Shown: 50 simple moving average, ichimoku cloud (cloud only, nothing extra to keep confusion down as much as possible) and 20 range price channels.
TSLA is closing below the 20 range low, under the 50sma, and below the cloud. The 200sma (not shown) is above the 50sma which shows bearish strength from a moving average perspective. The MACD (not shown) and MACD Avg are both below zero showing short side strength.
Setup 1: Short when the 60 minute closes below the 20 range low. (Triggered Just now on close at $282.65)
Setup 2: Short when the 60 minute closes below the previous pivot low at $282.51. (Not Yet Triggered)
Initial stop (aggressive) above today's high which is $291.62 using whatever cushion your plan suggests.
Initial stop (conservative) using the 20 range high. Exit if the 60 minute closes past the 20 range high or move your stop just above the bar that closes above the 20 range high.
Profit target: $250
Trailing Method: Once the 20 range high gets below your entry price, walk the 20 range high. If price closes past the 20 range high after it gets under your entry price, exit immediately or move the stop just above that bar's high.
Do not move the stop until the 20 range high gets below your entry price. Accept the full risk going in. You reduce risk when it's not working, not when it is not working and you really didn't want to lose what you put out there.
If target reached, take all off or 1/2 off and walk the 20 range high for the rest.
Earnings for TSLA are May 2nd, you have plenty of time to exit before earnings. Do not hold thru earnings unless your plan allows. Earnings have substantial moves and a 60 minute chart is not where you want to be trading earnings from.
This is a high probability trade but that does not guarantee it will work. Trading is not about guarantees, it's about trading consistency to produce an edge over the long haul. This is how every trade you take should look:
Reason to take the trade
Where to get in
Where to put the stop
Where to get out (Notice trailing it is an option, it doesn't have to be 1:1 or anything like that)
When to reduce risk & trail
Known news events that could disrupt your trade & what to do about it
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