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Tesla May Rip Toward $1000Yesterday, U.S. equities closed in the positive after posting losses early in the trading session. It was an impressive rally off the lows, with strong buying across the board. Notably, market leaders such as Tesla and Zoom were able to hold support during the decline, further cementing the bullish case for more gains in the coming weeks. This morning we look at Tesla (TSLA), Zoom (ZM) and the SPDR S&P 500 trust (SPY). Elon for President Elon was all over the news this week when news broke that he was reopening the Tesla Fremont factory despite restrictions. This act was viewed as heroic and as stupid by others. In my view, go Elon! Below is the daily chart of TSLA. I am on the record of being bearish TSLA two weeks ago. I'll never hide a call here. I was wrong! What we see on the chart is obvious consolidation and higher lows being established. There is a lower high, but I chuck that out as FOMO buyers. With volume in decline, along with price being supported by the 20 SMA and the appearance of an ascending triangle. The TSLA chart primed for continuation to the upside. The question now remains, how much upside? Above, is a 4-hour chart of TSLA. Here, I place my proposed Elliott wave count. If you are not familiar, wave 4 consolidations tend to be triangular. TSLA is within a potential ascending triangle and could be setting up for one last push higher before a correction. I think the TSLA chart will test and potentially break its all-time high. The 1000 psychological resistance could be a logical area where selling comes in strong. This morning I look to buy any dips. Bias: Bullish . Zoom Remains a Leader I have been watching ZM very closely over the past week and full disclosure, I have bought some stock as of yesterday. Sometimes simple is better. The chart below is ZM on the 4-hour. Another ascending triangle . There are probably loads of other stocks with this same pattern but the reason why I like ZM and TSLA is because eyes are all on these companies. People want a piece of what is hot. If price ends up breaking out to the upside with only blue skies above... just use your imagination. Bias: Bullish . Sorry Bears The only explanation of what is happening in the stock market is irrational exuberance. Instead of fighting it, let's play it to our advantage. Below is the 4-hour chart of the SPY. The buying off the low yesterday suggests that the interim low is in and the trend remains intact in favor of the bulls. More proof? The charts above. The market leaders have not retreated nearly as much as a bears would have wanted. It is simply too difficult to trade this market to the downside. Don't over think it. Bias: Bullish . I'll be back later today with an analysis on the weekly candle close. Happy trading!
NASDAQ:TSLALong
by DailyClose
5
Tesla Daily:- BullishFundamentals:- - US Factory & Giga Factory stopped production (Both Reopening!!) - COVID-19 (Fear of second wave, this may be a nay, as we might need to live with it till the vaccine day.) - Battery Day (Which likely will extend due to Covid-19) - Tariff (Might and might not impact ) Looks like Alameda county reached a deal with Tesla on Reopening, now it is all good to go bullish, a matter of how much sales that Tesla are capable to close then. Last but not least, be extra cautious on the COVID-19(second wave) and Battery Day (Plant resuming, discussion will begin asap.) Trend Next Resistance:- 820 Safe trade and stay healthy. Cheers.
TLong
by EricTayb0
Tesla Climbs The Highside. (TSLA)Symbol: TSLA Massive size swings with the wild beast Tesla. Late 2019 and 2020 have been a crazy ride from lows of $340 to the $905 range to only follow up with a drop to the mid 300s. This one has the Volatility that you need as a trader. Awesome stock. The breakout was around the $500 mark where the Crossover has been green since and with a fakeout to the downside 6 days ago. As we approach and test these highs it's quite simple to understand that the 905.72 level is Resistance and we must break out. A break on 842.77 could be a nice breakout to play for a move up to the 905.72, than the test. As we approach these levels we will pay close attention to the Crossover strategy for a signal of weakness to fire short. If we fail to breach up, I than think a short to 672.64 for a test as support than a break down I think we go to 540.54. Very high Volatility and lots of opportunity with tesla. I will stay updated on this post for further tesla updates below. Have an awesome trading week! ✌😁✌
NASDAQ:TSLA
by UnknownUnicorn2319099
7
Tesla (TSLA) AnalysisTesla (TSLA) Analysis for Week 5/10/20 TSLA over the past couple of weeks has shown a strong uptrend. It is no different here. It will continue up to price 942.00. As you can see, there is increasing volume, MACD > Signal, and it is nicely rejecting off the trendline. If the Volume Profile around 942.00 increases, expect TSLA to continue an upward trend. If it does not, we can expect it to knock out the High before shooting back down to wherever the POC will be at in the future. My bias is long here. Hope you all enjoyed the analysis and please feel free to hit the like button!
NASDAQ:TSLALong
by StarFoxGalaxy
What are Tesla Bulls Waiting For?U.S. Markets finished up over 1% for the day, setting up an interesting end-of-week trading session. The jobs report lands tomorrow at 8:30 AM EST. and will likely determine the next trend. Today we will go over the PowerShares QQQ (QQQ) and Tesla, Inc. (TSLA). But, first I want to mention that a few days ago I posted a GLD chart stating that it was setting up for some upside. Today may have the start of that upside. Could the market be front running the jobs report tomorrow and could Gold be the sole beneficiary? Another hot name of note today was Square, Inc. (SQ) which blew up for nearly 10%. If you read over a week ago I mentioned that SQ was setting up with a cup and handle pattern and a measured move target of 73... target met. All the "HOT" Tech Names Reported...Right? It's obvious, tech has contributed to a vast majority of the rally off the March low. That is why I have been tracking the QQQ so often. The question I have now is, have all the hot tech stocks reported earnings? Nividia is the only one I can think that hasn't reported yet. Just something to think about. Below is the 4-hour chart of the QQQ. I zoomed in a bit to get a cleaner shot of this rising wedge. Normally bearish, though there are instances when there are upside breaks. At times there are throw overs . Which happens when price breaks out from above the wedge then quickly reverses back into the wedge. Typically this turns out to be a strong reversal and has happened before on the Nasdaq-100 (NDX). Check the chart below. The result of the throw over can be seen above. Unfortunately, back in September 2018, price reversed back up but eventually met the lower bound of the rising wedge which acted as resistance. Eventually, the NDX declined 23%. This is the scenario I am looking at. Current price action may lead to a throw over so watch for this potentially tomorrow. Bias: Bearish . Elon and Joe...Again I haven't listened to or watched the latest stint of Elon Musk on the Joe Rogan Show, so I can't speak to that. I can talk TA, and TSLA, a normally volatile stock traded sideways today netting a loss of -0.32% for the day. Perhaps the calm before a larger move to come? Below is the 4-hour chart of TSLA. Chaikin continues to mimic itself from over a month ago. Price is also consolidating at the high below resistance while inching closer to trendline support. The longer it takes for the TSLA bulls to follow through the more bearish this chart gets. Keep an eye on TSLA the next few days, as it may be the key to the market. Bias: Bearish . I'll be posting early in the morning ahead of the jobs report. I'll be taking a look at the VIX and Silver. Have a great evening!
NASDAQ:TSLAShort
by DailyClose
2
TESLA: Can we exploit a tweet?Tesla did a sudden retreat over a few hours. It was caused by a tweet. Unfortunately I'm not at liberty to say who made the tweet. DYOR. The point is, if you look at the 1H chart TSLA is back on a bull run. The tweet in question was just a minor 'itch' caused by the tweet. Sorry - I don't do predictions, so there is no advice on entry points or targets. In fact I don't deal with targets at all. Note carefully that TSLA is a very volatile stock, especially on 1H time frame. If you take a position long on this you stand to lose money, in attempting to make money. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NASDAQ:TSLALong
by Captain_Walker
2
TSLA printing a nice wedgeThis here is a really nice wedge that Tesla is printing. I think the stock will range now for most of the year. Without Corona, I am very sure, we would be at prices of over 1000 USD now, but as it is, the stock must range and stabilize for a while. Then, at the end of 2020, we will either see a large pump, or a dump, and the later pumps. This will of course highly depend on the economic situation and how the Corona crisis will develop until then. Knowing Tesla, I wouldn't be surprised if it would dump again, just to kill many shorters again, who will then short again like crazy. Then, the ensuing rally to 1000+ will again, as always, totally destroy them, hahahaha. Every time again, just too funny to watch. In any case, this wedge is an excellent opportunity to enter a longterm trade.
NASDAQ:TSLALong
by SebastianofMoon
3
Here is why $TSLA is still WinningFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into my insights. The stock market didn't do so great today, and even with the -2.33% decrease today, you seen a Tesla high of $869.82. Tesla looks like it is getting close to the same retracement pattern as its February high. I previously predicting close to a $900 short + long potential days ago, and so far I'm not doing so bad timeline-wise as positive stock activity overall have still been pointing towards truth in this. A bad scenario would be $781.88 towards June for Tesla's stock price, which coincidentally is a retracement of the current price today. The optimal and expected scenario would be close to the $1000 price point late June, early July. Also, I am quite bullish on Tesla and many analyst give it a buy rating. The current spread for sell and buy prices for Tesla is only $16. This is a stock you can hold for a long position, or shorten and reinvest in the dip, and can really profit off if you know what you are doing.
NASDAQ:TSLALong
by gamer456148
Tesla: In-Depth Fundamental Analysis 1M (Apr. 29)X FORCE GLOBAL ANALYSIS: Tesla is an American Electric Vehicle (EV) company with a disruptive presence in the automotive industry. TSLA is one of the most hyped stocks of NASDAQ, with avid supporters of the company itself, as well as its leader - Elon Musk. Due to the nature of the stock, technical analysis can be used to identify strong support and resistance zones, but fundamental insight is required in order to grasp the tremendous value this company has to offer. Thus, in this analysis, we take a purely fundamental approach in analyzing this stock. Fundamental Analysis - Despite the Corona Virus (COVID-19), Tesla has managed to manufacture and deliver record-high number of vehicles for Q1 2020 - Tesla ended 2019 with 6 Billion Dollars, and early this year, they raised an additional 2 Billion through stock offering - This indicates that Tesla has enough money to go endure the chaos caused by the viral outbreak - Tesla is one of the biggest beneficiaries of the Zero Emission Vehicle (ZEV) credit regulations, racking up huge ZEV credits that other automotive companies pay billions to purchase - In March 2020, Tesla has taken up 25% of the Chinese EV market, and further domination in arguably one of the most important markets is anticipated. Arguments against Tesla - Tesla has a negative Earnings Per Share (EPS). Negative earnings are a red flag for value investors - Tesla's operating margin is arguably too low, and not enough to be profitable for the long term - Tesla's Debt to Equity ratio is quite high, and is a reason for concern, as it suggests that Tesla is a higher risk investment - While gross income growth of Tesla for the past three years have been great, these are not sustainable numbers - There are arguments against Tesla's management; some argue that Elon Musk gave himself too big of a compensation package - This is concerning to investors, as the company has still not turned an annual profit. Future Projections - While the Electric Vehicle ( EV ) Market continues to grow, Tesla's market share remains at 17~18% of a rapidly growing industry - Tesla's gigafactories have shown unprecedented progress in terms of how fast the factory was built, as well as the automated manufacturing process - Tesla has 2billion miles of autonomous driving data, which is more data than any other player in the market for self-driving cars - Based on the vast amount of data, Tesla's self driving cars will allow the company to generate software-company-like margins - Tesla has better battery efficiency compared to combustion engine cars, and can still benefit from economies of scale - According to EV experts, Tesla's vehicles are at least 4-5 years more advanced than those of its competitors. - They have been hit with the coronavirus, slowing down production in their gigafactories, but their fundamentals remain strong nonetheless What We Believe In summary, Tesla is not for the average Warren-Buffet-style fundamental investor, seeking to purchase stocks at an undervalued price. It is, however, for the Masayoshi-Son-style investors who values the company by future expectations. We believe that Tesla is an automotive company to the same degree as Amazon is a bookstore. There is a lot more potential in the fundamentals of this company that many fail to recognize, and despite the short term hardships it may face, the innovative values that Tesla prioritizes can take this company to record highs. Trade Safe.
NASDAQ:TSLALong
by XForceGlobal
3
Cybertuck Go Crash? (TSLA)Woah, woah, woah hey now! It's ya big homie coming at you with another one of these fire TA 🔥 I got the daily pulled up on the big wild beast TESLA. Elon could be calling up his A.I. hedge fund from Mars right now telling them to go short. Or is Elon hoping in his Cybertuck to go fuel up the rocket? We got the compression showing indecision. Let's factor in the run from the recovery process. Lots and lots of green. When the compressed doji crosses over the green brick under it. Strong sign of a short. We at the indecision stage. I say fire short here at $725 With roughly a 3 - 5% stop 750 - 760 / Reverse target hit than go long A break above $760 I think would lead to a massive surge. Crack $700 I think it sells off Based on the fact that if you look at like a 6 hr chart. It's overall pattern on these style of timeframes look like a massive cup. Which is bullish. I just think we are a little to overextended and could cool a little bit. If I had to put price targets. If it goes short I think next we can shoot for the $640 If it broke long than really the only next level is $900. Break those targets, well than you are looking at a strong trend continuation Those will be very important levels. Right now we are at that sweet spot. Zone in on it.
NASDAQ:TSLAShort
by UnknownUnicorn2319099
43
Why TSLA will make New HighsHi Traders! Hope everyone is just as excited as I am with the opportunities the markets are giving swing traders these days. Today, we are going to begin analyzing TSLA and its bullish case and how TSLA may be the trigger that leads to true capitulation in the stock markets. Above you see the long term weekly view of TSLA. It is creating a rising channel that we can start to take seriously. If you had this channel drawn out you would have perfectly timed out the low the week of June 3, 2019. The next image I examine instances when TSLA stock was at extreme overbought conditions. These are common during wave 3's. Wave 3's are typically the longest/strongest waves during a cycle. The wave that preceding impulsive wave 5 normally undergoes a divergence, signaling the trend is slowing. What is happening now? A wave 5 ending diagonal. Currently TSLA maybe consolidating into a wave 4 that could propel it to $1200 - $1500. The reason why I am beginning to think this may be an ending diagonal is the manner in which wave 4 has overlapped wave 2. You only see that in diagonals. What am I looking for next? If TSLA begins making new highs, there is a risk price is getting out of control and I'll be looking at this as a wave 5 extension and aiming at the top of the channel range for exhaustion. On the other hand, if TSLA continues consolidating in waves of 3, it is conceivable that it could be within a triangle consolidation. Short term bullish on TSLA. Thank you for reading my analysis. Like, comment and follow if you enjoy this analysis and would like more content!
NASDAQ:TSLALong
by DailyClose
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."
NASDAQ:TSLALong
by MavRich_Trading
TSLA Think it can keep pushing its way to 650 area which will be an interest zone for me to watch. Around 650 is the 50% retrace with the overall market drop. It is also the area where wave theory would align with a-b-c wave c up to be completed. If it rejects around there, I’ll lean to downside and look for a small position short. If it breaks through, could indicate this is an impulse wave up and could have continuation higher. I only try and limit myself to small trades on TSLA due to the volatility but it can be traded if you take your time on it
NASDAQ:TSLA
by PT_Marche