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Tslalong

Interesting TSLA movementTSLA has been underperforming the markets recently and seems like the past 2 weeks' accumulation has led to a gradual but steady sell-off. TSLA pattern looks eerily similar to the dump back in feb/march. Will the same pattern play out and have TSLA retest the 200 DMA? My opinion: 1) I don't think we go down to 200 DMA because TSLA has outperformed every auto company and the worst is over. 2) We may go down to the 50 DMA which is around 1300-1350. 3) I lean more on the bullish side and I think we will see a healthy move back towards the 1800 level before battery day. If it can hover around 1400, I really think 1500 is likely in the next 1-2 weeks. TSLA needs to see an influx of volume, though. We saw today dip to 1385 but recovered above 1400 which is a good sign. RSI indicates oversold and I have never seen volume this low before. Low volume and declining price generally is a bullish indicator. It comes down to the timing, really.
NASDAQ:TSLALong
by AfuOptions
TSLA LONGTo all you bears out there, Fuck you lmao. To traders shorting it, I would advise not holding it for more than a day. To all Bulls, we know what's going to happen. TSLA will hit 2000 in 2-3 months. Mark my words :) TSLA is the best selling EV in the world. There is no competition. Their factories are being built at insane speeds and they are scaling. The world is trending towards renewable energy and TSLA is not only in the EV market but in the solar energy market as well. Countries around the world are buying TSLA powerpacks and solar panels. TSLA bears are the ones buying shit stocks like NKLA, hoping it will moon like TSLA. But if they did any research, they'd soon find out that NKLA is an absolute scam of a company. All these SPAQ mergers going on with other EVs? Be careful. Perfect for insiders to run away with profit and dump stock, leaving people bagholding it. Anyways, this is my last post on TSLA. I'm pretty much 80-90% in TSLA so I put my money where my mouth is.
NASDAQ:TSLALong
by AfuOptions
6
I'm Still Bullish on $TSLARight now, there are two critical points I am looking for in regards to Tesla. The $1450 price point resistance is about to be broken, and the $1500 price point will be broken shortly after (as we seen last time this happened), then many of the neutral patterns would also be broken. I think the resulting positive wedge would be much bigger then the wedge from the time this happened previously. Also, if we are on wave #3, with more positive support, at the very least I'm think it can pass the $1750 price point (more than likely even the $2000 price point) in a matter of few months. I'm being conservative, even though I would still classify this as mid risk. That being said, please do your own due diligence. Everything I say is on an opinion based basis. Please proceed with caution.
NASDAQ:TSLALong
by gamer456148
🍻 Focus In On The Next Longterm Tesla Play!2 day chart showing doji compression after an overextended move. If you know me, you know these are the type of opportunities when I look for the next long term investment. Daily red a cross the board on all indicators, 2 day is shifting red on the ema dots. The 15 ema dots on the bottom still trying to make its transition. I currently have a lot of size sitting in on dow jones index short as it is playing off previous high. The name of the game. Find the trend reversals and play with good risk management. I believe 1432 is a good level to keep an eye on for a breakout to see how exhausted this move really is. Best of luck.
NASDAQ:TSLA
by UnknownUnicorn2319099
1
You Choose To Make Trading Complicated... Why?You will never control where the market goes next... unless you are a market maker with very deep pockets. Stop trying to predict where something will be in 6 months and focus on what's happening now. Your objective as a trader is to manage risk at Distribution/Accumulation points in the markets. Here we have a chart of tesla. Custom Candles, Ema Dots Indicator and The Custom RSI We leverage the candles as confirmation of what price action wants to do as of right now. If we have strong engulfing candles we NEVER chase. You need to manage your risk on these compression points. What we do is focus on the compression points of doji candles as they can shift signs of indecision and potential market exhaustion. Then we align with the ema dots and rsi for correlation to leave overbought/oversold territory to identify the next major trend. If you can manage a tight risk on capital on the trend turning points, that is how you win. You have to risk a little to win big. If you enter a trend shift and don't set a stoploss and the trend goes against you... that is how a large amount of traders blow their accounts. You need to understand to manage risk and have the correct setup to identify the best trends in the markets. It is inevitable that you will catch the next big trend if you play the trends correctly. Filter out most of the noise and utilize a larger timeframe. Smart money let's their assets work for them over time.
NASDAQ:TSLAEducation
by UnknownUnicorn2319099
33
TESLA will be included in SnP500 (Bullish breakout expected)Tesla reported its fourth quarterly profit in a row Wednesday, positioning the electric-car maker as a leader in an auto sector that has struggled during the pandemic, and clearing the way for the stock to join the S&P 500. For the second quarter of 2020, Tesla made $104 million in net income on more than $6 billion in revenues. That beat forecasts by Wall Street analysts who had anticipated a loss of nearly $250 million and revenues of $5.4 billion. Based on some calculations, approximately 20% of the outstanding Tesla stocks will have to be purchased by those index funds trailing SnP500 and they can purchase it anytime before or after SnP announces that Tesla will be included in the index. There is also quite alot of shorts opened (people betting against Tesla) against Tesla (approx $20 billion) which means if market pumps today, those shorts trader will have to buy back some Tesla shares to exit their positions. Therefore, i'm quite bullish on Tesla for this short period time and although it is overvalued if you look at their market cap compared to their profits, market forces in the trading market will push this stock up for the time being.
NASDAQ:TSLALong
by Trader_hao
4