TSLA monthly hints at new alltime highsThis is an extremely simple observation:
Every time the monthly stoch RSI went to 100, so full overbought, we saw new alltime highs.
Quite simple!
That was already twice the case, and I think it will happen again now.
TSLA is on a brutal run, I by the way also called the bottom back in may, it was pretty clear back then that this was a huge trap for poor shorters:
So yes, chartwise this is pretty simple.
But the fundamentals also confirm this:
Gigafactory 3 finished, Model 3 production started there.
Maybe extension of EV rebates.
Gigafactory 4 near Berlin starts in being built in Jan 2020.
Growth, expansion, growth on all fronts.
Tslaanalysis
How much more can TSLA innovate?Note: All of what I claim below is simply the way I perceive the market. I am not certain nor do I suggest you take my advice without first taking into consideration what I have said. Whatever you do, be critical of what everyone claims. Those who claim certainty in the market tend to get hurt the most.
Observations
Notice how price broke below the major diagonal uptrend line (A) and spiked back above it. This tells me that price is still in an uptrend and that the market participants felt strongly about this sentiment.
When it broke below the diagonal uptrend line (A), look how it bounced off of the already established major horizontal trendline (B), further strengthening this area as a strong support level.
The action mentioned above led to the development of a large channel between trendline B and C. This suggests that the price is likely to continue trading within this range, as each level will require a great deal of fighting to get through. This will not be an easy feat.
I wouldn’t be surprised to see some trading within that ascending triangle I’ve highlighted above. I only say this because the horizontal trendline C and the diagonal trendline A intersect at the rightmost end of that triangle. I expect a strong movement when it breaks above or below those two major trendlines.
I believe there is a high probability that we will soon see a retest of the major resistance level. If it breaks above, I imagine the price will continue its course upward.
But if it breaks below uptrend line (A), then I imagine it will continue towards major support trendline (B) and experience resistance there. A break below that would not be a good sign..
Thanks for reading,
Have a nice day!
Tesla potential short through support down to $260On an overall trend, TSLA has been forming lower highs if you extend the view on a weekly chart. The new low at $360 based on the previous high on a larger timeframe suggests another impulse move lower. The pop above $300 was due to the earnings report that managed to beat finally on a positive note which got investors extremely excited. We suspect some more downside to erase some of the earnings euphoria after the release of the new Tesla truck. There is a level at $310 that may hold support based on market structure. The move is very overextended from the Fib extension hitting the 161.8% extended level before showing signs of resistance. A break of $310 will open the downside and a potential gap fill into $260.
TESLA, DeLorean AND SO ON !!Hello Everybody, I hope you had an amazing weekend and ready for the opportunities of coming week.
And hello TSLA. Dude your chart was telling me the story of Cybertruck presentation even before :) 2 Short targets are represented on the chart. SL: '' a closing daily candle right over the resistance area represented in red color ''
For macroeconomic articles and comments you can follow me on twitter.
This idea is not a piece of investment advice.
Regards,
Zelal Ada
TSLA - Ascending TriangleTSLA seems to have formed a very large ascending triangle after breaking out of the downsloping channel earlier this year in June.
There is a higher likelihood of it to break to the upside, especially after breaking from a long downtrend. There is a 75% chance of it being a continuation pattern, meaning, it is a lot more likely for this to break upwards.
Targets can be if it breaks upwards: - $300. -$335. - $345.
Obviously, if the bottom diagonal line breaks then this pattern is invalid.
Long term it looks more bullish than not.
What are your thoughts?
$TSLA Sell The Rally, Too Much Resistance OverheadBulls are rejoicing and shorts are scrambling after $TSLA earnings report.$TSLA delivered a surprise earnings beat and solid Q3 deliveries number. However, the top line tally of $6.3B relied on deferred revenue and was below expectations. It also marked Tesla's first annual sales decline since 2012.
JPMorgan is sounding some caution after seeing the initial 20% pop in shares. The analyst team doesn't think the quarter is a "breakout" moment for the EV automaker.
We think the risk/reward favors new shorts versus new longs.
As always, trade with caution and use protective stops.
Good luck to all!
TSLA might reverse soon from its long-term downtrendPre-markets indicate a positive open for TSLA stock, which might signal further upside potential at these levels, being close to cross its 100 day SMA and critical resistance at the 247.78 price level. CCI is currently strong at the 159 level, accompanied with a positive CMF. We will be waiting for strong Volume to confirm price action, before initiating a long position.
Timed short sell of TESLA #TSLAThe company is still unable to make money , with Long Term Debt/Equity ratio of 2.13 and Net Profit Margin of -4.30% I do not expect this to change any time soon.
Even stronger quarter cannot compensate for more executive and staff departures, that are apparently picking up speed again, with reports saying the electric-car maker has lost its head of Europe and a top engineering manager.
TSLA Long Position OpportunityTSLA price has broken out from a 6-months ranging inside a descending channel.
On top of that, price has steadily climbed along SMA20 and made a bullish cross over SMA50.
This had given further confirmation on a new uptrend which started in early June.
Taking the price level at early June as the swing point low stoploss, this trade would give a decent risk reward of at least 1:2
TSLA ultra longterm predictionChamath Palihatipiyah formulated it perfectly: People who bet against this company are incredibly short sighted. They don't see the bigger picture here.
Tesla is a company like Amazon in the early 2000s.
Tesla is like Bitcoin 8 years ago.
It is one of the companies with the greatest upside potential ever.
The shorters get caught up in all the FUD stories, proudly sponsored by Big Oil, old Auto, and anti Tesla shorters like the idiot Jim Chanos.
They start to believe all the FUD.
If I would have believed all the FUD about bitcoin, I would never have bought my first bitcoin back in 2013.
I gained financial freedem by NOT listening to other people, especially not the damn news media. They are just a propaganda tool of the old industries, who are desperate, because they
know deep down that Tesla will succeed and destroy them.
We are now still in the second phase, the "then they fight you" phase.
But all new disruptive technologies win in the end, ALWAYS !!!!
So Tesla will see highs in the coming 10-15 years, that we cannot even imagine yet.
Think Amazon's growth after 2000.
This is a company by a man who WANTS TO COLONIZE MARS, for god's sake.
How people can be so short sighted, I will never understand.
If you see the bigger picture here, then you know that TSLA is going to succeed and become one of the biggest automakers worldwide by 2030.
And by then, maybe we'll even have the mars colony thanks to Elon Musks SpaceX, and have specially adapted Teslas also driving on Mars, hehe.
Will TSLA liftoff like spacex falcon 9 rockets?Looks like an ascending triangle is forming for continuation to the upside for tesla. Ascending triangles are bullish indicators and I believe we may have a breakout sometime next week when the market reopens. Big things for TSLA up ahead for some spacex level liftoff!
Daily TSLA forecast timing analysis by Supply-Demand strengthStock investing strategies NASDAQ:TSLA
View a Chart with Supply-Demand(S&D) strength forecast: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
S&D strength Trend Analysis: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.5% (HIGH) ~ -1.0% (LOW), -0.2% (CLOSE)
%AVG in case of rising: 2.8% (HIGH) ~ -1.4% (LOW), 2.2% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -3.0% (LOW), -1.8% (CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
TSLA stock price forecast timing analysis. 13-JunStock investing strategies by pretiming
TSLA
Investing position about Supply-Demand(S&D) strength: Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
Possibility of change in forecast timing: Forecast timing has low variability conditions. because they maintain the proper flow of supply - demand in the current trend.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.5% (HIGH) ~ -1.4% (LOW)
%AVG in case of rising: 2.7% (HIGH) ~ -1.6% (LOW)
%AVG in case of falling: 0.7% (HIGH) ~ -3.1% (LOW)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Read more a detailed Forecast Analysis Reports that candlestick shape and %change, S&D strength flow in the future 7 days.
www.pretiming.com
Tesla Short ReversalHi guys its Brian here with a short opportunity for Tesla.
Tesla is currently in a downtrend ever since start of the year as seen by the downward sloping trend channel. The price has also always been consistently below the ichimoku cloud from February onwards.
Tesla reached the support level of about 175 level at the start of June and showed an upward correction but the correction is starting to end as seen by the strong red candle upon hitting the blue trend resistance channel. Volume also increased on the 2nd red candle showing there is strong bearish pressure driving prices downwards.
If shorting here, take profit could be set at about 195ish or even the previous support level at 180ish
www.brianchai.com
Free Trading Group
TSLA Count With Elliot Wave - Parabolic Movement Ahead. I noticed that every time i did trend based fib extension, of TSLA i always get a 1:1 count. You can clearly see the correction, when it bounced of the wave 3 at 252. Now it did EXACTLY the same from wave 5.
Which means 5 waves are done, and we have a huge move ahead of us.
First Target is: 350 USD