Tslalong
TSLA false breakout?Tesla has tried to make a move into the upwards moving channel today. If it cant keep up this momentum and returns to its downward channel we could see it hitting $700 or possibly even $680 very quickly...
again this is if it breaks back below the trendline (which would currently mean a move below ~$780)
BUY THE TESLA DIP TO $900
For those of you who don't know, I shorted Tesla at $950 and am holding it for a swing trade. I'm currently ~30% in profit in a few days.
However, this looks primed to go up and fill the gap above at $900. At this point, it is too soon to tell if we go higher than $900 (green line) and make new highs but I want to be hedged against my position in case we blast off.
The plan:
- Shorted $TSLA at $950
- Long $750 (hedge)
- Take 50% profit at $900
- Let the rest ride until rejection
I've always stated I don't rule out the possibility of Tesla at $1,000+ in the short term. But I will be adding short anywhere above $1,000 and holding it for a long term trade. For now, buy the dip!
For those of you don't follow me on social media and missed my original short call, check it out below!
💎 TESLA vs BTC - Projection price falling!Thumb UP👍 if you like this chart!
I took the BITFINEX:BTCUSD candle drop pattern in 2018 and applied it to NASDAQ:TSLA shares. It turned out that exactly the same drop will lead the company's price to its fair valuation in the range of $240-$210. Why this assessment???
The forward P/E is still more than 90!!! Thats incredible in motor vehicles field! And this is all assuming perfect execution, production capacity that does not exist yet, and that income from regulatory credits will stay the same. With this P/E investors should not expect a good return. Under these idealized assumptions rational investors could expect a decent return at a P/E of 12, so at a share price of $217 or less.
Write in comment how do you think what the fair price for TESLA Motors?
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TSLA target price 846 usd.TSLA target price 846 usd. In my analysis, I stated the fair value of the stock. This is now 700 usd levels. Apparently, market pricing is already above that. To determine the target price, we now apply the rule that we form an axis for our ATR closing value added to the extreme of moving averages. This axis is now our wave axis. (I often explain this analysis strategy in my older comments.) We project a so-called "mirror axis" onto this wave axis. The target price is given by the intersection of the further prediction price increase and the mirror axis. Which will be 846usd. The question arises as to why we have now departed from the fractals. The answer is simple. The exchange rate moves on an exponential wave path. That is why we have used wave axes and non-wave sequences.
Alex Vieira Reassures Tesla Investors $1 Billion Profit ForecastAlex Vieira made available instructions ahead of Tesla earnings seeing its share price soaring to $660. He upgraded Tesla to Strong Buy $179 in 2019 referring to Tesla as the most affordable stock worldwide comparing it to the irrational Apple bubble
TSLA, intraday consolidation w/ bullish pennant parabolic squeezTesla is setting up for a nice afternoon. Elon Musk fanboys gonna wake up and we'll see the same slow march up through the rest of the day that we normally see with tsla. Might be some short term selling over lunch. DON'T GET SPOOKED! The parabolic squeeze is followed by a big move to the upside 70%+ of the time. TSLA FTW!
$TSLA Pullback? Ticker: $TSLA
TSLA been skyrocketing to ALL TIME HIGHS!! Great volatility, and excellent for day trading.
Friday formed a daily inside bar/harami. It is evident by the tight price range and low volume.
If bears break support 473.70, this confirms that daily consolidation is on its way. (I will be planning to short if this level breaks).
If bulls hold or breaks without ANY follow through, this could be a potential bull flag. However, I don't think this is the most likely scenario.
Let's see what next Monday brings. Remember to not be bias and trade based on what the price action and volume tells you!