$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!
Tslaforecast
Well, there's no uptrend without any pullbacks right $TSLAPrice got denied heavily from going further for now from around 260 USD and it seems like a logical point for a pullback as well. Hard to believe that we would drop from here but it will be a struggle for sure more near we get to sub 290 USD. Wouldn't be such a surprise to see same kind of nukes next time also.
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
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.
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 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 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
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
Was Tesla the Canary in the Coal Mine for the Stock Market? After the SEC went after Elon Musk, we saw the stock drop 30%, but the chart already showed that a big reversal was in store for Tesla with a bearish divergence and a swing high failure on the RSI on the daily chart as well as the weekly chart.
We also see that magical Canfield Fibonacci level show up at 17.944 as the top for Tesla.
I debuted these fibonacci extensions in my last post here if you'd like to learn more about them and how I calculated them:
This was the same level that Gold and Bitcoin were rejected at.
You will see that Tesla hit the 17.944 Fibonacci extension and formed a massive bearish divergence and a swing high failure that we’ve seen on the Dow Jones, Amazon, Apple and many of the other charts I highlighted.
AMAZON CURRENTLY FACING THE 17.944 with the same bearish divergence.
Dow Jones facing the same bearish divergence.
After this bearish divergence, Tesla had one more run back to the 17.944 before getting rejected and is currently retracing to the 11.09 Fibonacci extension.
We saw a 50% fall from it’s all time high around $383 for a bounce around $194.
Do the other charts and indexes I highlighted have the same fate in store?
Monday will be a big day for stocks as they’ve already had one of the worst downward slides since May of this year.
Bitcoin is still in undecided territory and I have highlighted both a bearish and a bullish scenario.
Let me know what you guys think of the new Canfield Fibonacci levels and if they're helping you with your analysis.
Monday will be a very interesting day...