It simple this pattern is coming to an end very soon and the bad news and market correction has put this tock a little to low. You can see a rsi bounce and AD bounce are starting to form. In addition, all the arrows line up with the gann fanns and the fib.
Trade the range on TSLA with near-term CD leg to $390! Why? There is no why in TSLA, only do or not do. #CultofMusk
Tesla has had a nice bounce and has begun a nice uptrend. With the announce of the new semi truck we will see if continues the upward pattern. Price is looking like it is going to resolve the 38.2% Fib level.
I doubled down on my TSLA position during the end of wave 4. after my rebuys my median price is at 289,05.first moves upwards have since developed and i see the tesla "charging up" for the bigger long term targets. market movers have also positioned themselves and as i see see it we are ready for takeoff. One of my defitely #topstox2018!
Time Zone for end of wave 4 has been reached and i will top up on my long positions at 319, 313 and 305. Long term up trend now ready to continue after aprox. 1.1.2018
All Trade Parameters shown on the chart. Long setup in weekly Demand. We trade the monthly uptrend. I do not expect a Higher High at this stage (that is why we do not have a third target). Second target is placed before the opposing weekly supply Zone.
After adding on @ 333 next addon positions are @315, 300, 278. Correction should be over by then if it even goes so far. Long term i stay bullish so i am just adding on now an then to take some profits home on small portions of my total position.
TSLA today testing the apex of the symmetric triangle (Red / blue) break out. If it bounces from here, next target is around 390 by 10/13/2017. Then a small pull back and then breakout of the ascending triangle (pink/blue) with a ultimate price target of 450.
Car & Driver called it the "most important car of the century". The stock just retook its 50 day moving average and is off to the races. Electric Vehicles (EV's) will replace Internal Combustion Engines (ICE's) sooner than the market expects. This is now a virtuous cycle - more Model 3's sold leads to more money invested in batteries leads to cheaper costs to...
TSLA could soon enter into the world of top 15 automobile makers as it's Model 3 is on it's way due in July 28th. I am looking at a long opportunity @345.00 where I expect some resistance and a pickup in the overall trend. Just throwing in my two cents. Cheers!
$TSLA is running strong and has formed a cup and handle. It is overbought, but that hasn't bothered it before. It's also at the 38.2% fib, but look at the chart, there are no clear previous fib touches. This is a momentum stock, and I'd buy it TP 234.40, then 61.8% point, if not further.
Current Reisistance @ 217-219 (.618) Look for resistance to test .382 @ 240's
NASDAQ:TSLA · 200.00 Line -- Keep an eye
If Elon Musk’s vision of the future proves to be correct, we’ll zipping around in driverless cars by 2018 and colonizing Mars not long thereafter. Musk, who founded Tesla, SpaceX, and PayPal, shared these and other bold predictions when speaking on stage at Recode’s Code Conference on Wednesday. Here are a few of his boldest statements: People will go to Mars by...