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
Tslaanalysis
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
If it doesn't, it's time to start learning how. Join the CTP Group Today. mailchi.mp
TSLA Stuck in the middle! (but more bearish than bullish)TSLA has had some crazy moves recently between its down move from 360 to 245 and then back up to 310 (that is down 32% then back up 26.4%!!). TSLA is currently stuck in a range between 310 and 290 and an argument could be made for either direction going forward, however the current trend is down and TSLA has not been able to break the descending trend line from 2/27/18 and 3/12/18 yet.
On a break down a reasonable price target would be about near the bottom of the gap 3/27-28/18 and 3/27-28/17! (funny how same gap same day 1 year apart!). However moving down, below 245 there is major supply from the consolidation of years 2013-2017 which would make a move lower more difficult.
On a break out a reasonable price target would be about 320 at the 100 day moving average and the top of the gap from 11/1-2/2017.
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.