TSLA BUY THE DIP {Long Hold}All analytical details are provided via audio in the video. Kept as Simple as possible.
Tslabullrun
Is TSLA overbought and ready for a retracement?TSLA has run up over 100% this year in two separate waves. Some traders based on the
the magnitude of the current wave say it is overbought? But is it or are they just trying to
rationalize a short trade at what they think is the top? Are Jim Cramer and Kathie Wood wrong?
On the daily chart of TSLA, I have added a long term volume profile, an anchored VWAP
with lines for the mean and = /1 two standard deviations. I have drawn two zones of
horizontal resistance based on pivots in the past couple of years. Zero-lag MACD and RSI
indicators are added as well. I make the following points:
(1) Price is above the high volume area of the profile but not significantly so.
(2) Price is below the resistance zones and TSLA may have enough momentum to break through them without hesitation.
(3) Price has crossed over the mean anchored VWAP but has a long way to go before it ascends
to the second standard deviation where institutional traders may be prone to take short
positions ( overbought)
(4) The MACD indicator shows K/D lines in parallel and ascending above the histogram. With no lag to contend with a cross of the lines would be an early indication of an overbought condition.
Bearish divergence would suggest TSLA is overbought but there is none.
(5) The better RSI indicator shows the value rising from 40 to 70 in the current uptrend. A rise over 80 and then a drop to show bearish divergence would be an indication of an overbought condition. This has not occurred.
Based on all of this, I can easily conclude that TSLA is not overbought. Any traders who
say it is overbought may be simply trying to discourage further buying. I suppose that they might do so because they are in a short position that is now essentially self-liquidating.
If that is the case, their better approach might be to get rid of their position, buy to cover
and help TSLA move higher.
I will continue to try to add to my long position in TSLA when I see daily lows on
the 15 or less-minute time frame. From the overhead resistance, I can appreciate
there is still significant profit potential with TSLA especially since the resistance may
evaporate away letting TSLA bull run its way " blue sky".
TSLA tyring to get to blue skyTSLA on the daily chart descended from a triple top Summer '22 into a downturn which
reversed after earnings in late January. Since then with the usual waves of up action and
retracement it has risen into its current range also going through a cup and handle pattern
from early April into late May. On the chart with the volume profile and anchored VWAP
overlaid, price is at the confluence of the POC line and the mean anchored VWAP - over the
past year the highest volume of trading was at about $185. RSLA is now above that
bullish momentum. TSLA short-selling bears are getting destroyed right now. Their buying to sell
is the genesis of a potential short squeeze. The latest trend started after an announcement of
partnership with Ford regarding charging stations. I have drawn onto the chart what I see
as horizontal resistance lines for targets in a trade. Aslo on the chart is a set of zero-lag EMAs
to provide further context. I will take a trade of four additional call options with a strike of
$185- I will close one for each horizontal target reached. I will run the last contract on a
trailing stop loss of 20% while expecting an overall conservative realized take profit of over
300%. The stabilization of macroeconomic headwinds in both the US, Europe and China
will allow significant tailwind to push TSLA higher. One of those tailwinds could be the
imperative that a rising price places on short sellers including a vast array of put options.
TSLA READY FOR BLAST OFF 2021!!! #BLESSEDPIPS WITH A STRONG HOLD AT SUPPORT AND A LOT OF POSITIVE NEWS THIS WEEKEND. THINGS ARE LOOKING POSITIVE, LETS SEE WHAT HAPPENS THIS WEEK.
#BLESSEDPIPS
TSLA Wave 3 Earnings Runnup target 440I'm seeing a nice falling wedge on the 15 minute and looks like completion of wave 2 of elliott wave. are we about to jump into wave 3 for earnings runnup or fail?
Tesla’s 2020 Annual Meeting of Stockholders September 22, 2020Tesla’s 2020 Annual Meeting of Stockholders will be held on Tuesday, September 22, 2020, at 1:30 PM Pacific Time. Immediately following the conclusion of the 2020 Annual Meeting, we will hold our separate Battery Day event. we are now approaching to witness another Elon Musk’s other exciting invention — Tesla’s upcoming Battery Day, which has now been scheduled for September 22. As the name suggests, “Battery Day” would revolve around Tesla’s latest work on significant advancements of battery technology. As a matter of fact, Tesla has been under a lot of pressure from its investors for various reasons, and thus with this event, it would be able to share something substantial and groundbreaking for its shareholders.
Mid last year, Tesla had acquired the battery technology of Maxwell for leveraging its dry electrode technology as well as to produce its own battery cells. This, in turn, has helped the company’s concept of building lithium-ion batteries. Tesla has been working on enhancing the battery technology for several years, and that has put the company way ahead of its rivals. After being postponed many a time, with this event, Tesla is expected to reveal advancements in its new battery technology as well as showcase its latest innovations with cell production.
The company has been strongly focusing on expanding their market with a cost-efficient electric vehicle (EV), which makes the concept of battery extremely significant. Therefore, energy density also needs to be more for the electric vehicle to offer such capability in a small package. These advancements in battery technology have been eagerly awaited in the community of EV that are willing to leverage this for developing electric vehicles.
TSLA LONG SET UP AFTER (Five-For-One Stock Split) ROCKET TIMETITLE/(DATE)- Buy LIMIT TSLA
ASSET- TSLA
PLATFORM- MT4
ORDER TYPE- Buy limit
Time Frame- 1D
ENTRY PRICE 1- $420.00 (Pending)
ENTRY 2- $410.00 (pending)
STOP LOSS- $385.00 (600 PIPs)
TAKE PROFIT 1- $505.00 (600 PIPS)
TAKE PROFIT 2- $565.00 (1200 PIPS)
TAKE PROFIT 3- $625.00 (1800 PIPS)
TAKE PROFIT 4- $685.00 (2400 PIPS)
TAKE PROFIT 4- $745.00 (3000 PIPS)
STATUS🚨 PENDING🚨
Tesla on Tuesday announced a five-for-one stock split effective August 31. At the close of trading on August 28, shareholders will receive five shares for every one they own
Tesla , Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.
Forward-Looking Statements
Certain statements, including, without limitation, statements regarding the expected timing and impact of the stock dividend are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s current expectations. Various important factors could cause actual results to differ materially, including the risks identified in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. Tesla disclaims any obligation to update this information.
How will the Apple and Tesla stock splits affect open orders?
Open stock orders of 100 shares or greater
Open buy orders of 100 shares or greater will be adjusted on the morning of the ex-date, August 31, 2020. For example, A stock order of 100 shares of Tesla ( TSLA ) before the ex-date will be adjusted to 500 shares of TSLA on the morning of August 31.
In the case of limit orders to buy, stop orders to sell, and stop limit orders to sell, any order entered prior to market close on August 28, 2020 will be adjusted for ex-date after the market closes on August 28, 2020.
Limit orders to sell, stop orders to buy, and stop limit orders to buy will not be adjusted, but will now be significantly away from the market price.
The price will also be adjusted in conjunction with the split terms unless entered as a Do Not Increase order.
Open stock orders of 99 shares or fewer
Limit orders to buy, stop orders to sell, and stop limit orders to sell that are entered prior to market close on August 28, 2020 will be canceled for ex-date after the market closes on August 28, 2020.
Limit orders to sell, stop orders to buy, and stop limit orders to buy will not be canceled.
Please note: Stock orders entered after market close on August 28, 2020 will not be adjusted or canceled. Some stock orders may be rejected for aggressive pricing or invalid stop price on ex-date August 31, 2020, before the market opens.
TSLA LONG SET UP ON PULLBACKGet READY FOR A ROCKET
A Peek Into Tesla's Price/Earnings Ratio
Looking into the current session, Tesla Inc. (NASDAQ: TSLA) is trading at $494.45, after a 5.64% drop. Over the past month, the stock decreased by 34.02%, but over the past year, it actually went up by 84.67%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders
"SpaceX identified a valve motor on the second stage engine behaving not as expected and determined the safest and most expedient path to launch is to utilize the next second stage in line that was already at the Cape and ready for flight."
