Was TSLA Tesla Sell-off Predictable ?Of course it was! When we saw the Double Top Bearish chart pattern confirmed here, at $1130:
At that time both Elon Musk and Ark Invest were selling the shares at the top!
And there were people still buying them!
New Key price targets to watch:
$595 as a strong support before a potential reversal
$720 as a strong resistance after the reversal from the Falling Wedge Bullish Chart Pattern
$420 -$475 as a Buy Area (strong support and decent valuation)
Looking forward to read your opinion about it.
Tslashort
TSLA Jun-Aug near term target 550Following last update, TSLA hit top descending resistance and dropped like a ton of bricks, slicing through the 700 resistance level.
This on the back of Nasdaq broad declines, Twitter uncertainty and sexual allegations against iconic Musk.
Near term looking potentially find support ground at the 550 levels, depending on Nasdaq potentially recovering from 7 weeks of black candles.
TESLA : Margin TradingA controlled short attempt..
I cannot predict the leverage and margin parameters of the brokers.
But it should not exceed 7 leverage.
No more than 10% of the total cash held should be given for all of this trade.
In the rising scenario, buying can be done before the stops.
Leverage is 7. (For all trades.)
Maturity : Same for all trades.
As a term, at least 3 - 6 months and the same maturity is recommended.
(It can be calculated at the same rates from the dirty prices there.)
May our way be clear.
My opinion is firm.
If price hits 1608.5 , this trade will be unsuccessful.
I will try to interpret the trend as much as I can according to the price movements.
Regards.
$420 blaze itIt won't be long before Musk followers turn on him.
This meme stock loves meme numbers, so I un-ironically expect it to correct down to a round number of $420.
Oh and it's underwater on it's Bitcoin PR stunt. And Bitcoin looks bleak as ever, it surely wont sit well on shareholders that their worshiped CEO gambled away all that money on a ponzi.
TSLA Tesla removed from S&P 500 ESG Index!If you haven`t seen my double top chart pattern:
Tesla doesn’t have a comprehensive low-carbon strategy, according to S&P Dow Jones Indices.
Apparently Tesla has issues including racial discrimination claims against the company and a government investigation after crashes due to its autopilot vehicles.
In Musk tweeted that he was considering taking Tesla private at $420/share and had “funding secured”.
I think in the worst case scenario we could see TSLA visiting that strong support of $420.
The most likely is a sell-off to $577.
Looking forward to read your opinion about it.
TESLA SETUP and BREAKOUT ATTEMPT Part 1There is a wolfe wave setup on the 4 hour time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target using this 4 hour period is greater than 900 which is expected to reach this price target before Aug 2022. This particular pattern allows us to position long term contracts at specific time periods. Short term target is $800 which is a level where profit taking will occur. Any pullback should be bought especially premarket gap down.
TSLA Daily Channel Going To FALL !!!as you see the price is on the floor of the up-channel and we expect down break out very soon or up-reflex that have lower possibility than breaking out the channel, and than the price will go down to the Price.leves that is on the chart (very strong)
next Targets after B.O
539$
500$
or maybe more..
Tesla Follow-up with More Detail $550??I have doubled my short position as of today.
Earlier this week, I posted a rather stale chart of Tesla (lol). At any rate, here is what I see from a technical perspective:
Double Top
Lower Highs
Rising F-Flag (bearish)
The CEO out there meme-ing in real life.
It's a set up for a complete catastrophe in $TSLA stock.
I think $500 - $550 is probably.
God bless,
Chief
TSLA - TESLA Run - GAP - CRAP PatternThis seems too obvious to be true.
But the facts are the facts.
Besides the Run-Gap-Crap pattern, there is much more to recognize:
Watch the grey up-sloping pitchfork:
Price ran above the CL and now is pulling back, even closed below. This is a clear short signal. And it's in line with the yellow Mini-Pitchfork's CL too.
Another tool I use often are the sloping A/R lines, also in grey. I use them for timing, and even they intersect the confluence point at the pitchforks CL and the yellow downloading Trend line.
And even oscillators are telling their story too.
LEAP options are my favorite instrument in this case to play this move.
TSLA Bill Gates $500Mil short position in TeslaDespite having a great quarter: EPS: $3.22 vs $2.26 expected
Revenue: $18.76 billion vs $17.80 billion expected, Bill Gates is still holding his 500Mil short position in TSLA.
There is a conversation circulating on twitter in which Musk asked Gates: “Do you still have a half billion dollar short position against Tesla?”
and Gates replied: “Sorry to say I haven’t closed it out. I would like to discuss philanthropy possibilities.”
Maybe this strong growth and 1.4Mil cars expected in 2022 are already priced into the market cap and a correction is possible on such a high (still) P/E ratio for the auto industry!
ARK also sold an important stake in TSLA this week.
Key supports are $906 and $765.
Looking forward to read your opinion about it.
$TLSA earning play?$TSLA has been consolidating in the past few days. its been consolidating around just above 1030 to 975 area. 1040 is the resistance that needs to break through to continue its momentum.
as $TSLA earnings coming up tomorrow after market close, the stock could rally by hype because of the anticipating earnings. this kind of move is very typical before the earnings announcement.
if the earnings of tesla are good and other companies that announcing their earnings after market close with positive news. the market could rally due to strong earnings sentiment.
Also, earnings play is always gamble or a lotto play so trade with amount of money that you're willing to lose.
my strategy on tesla tomorrow is to wait about 30min to 1hr after the market opens. this will help you the determine the pattern if the stock is consolidating or trending up or down.
Average move of TSLA per day is about 20-30+ depending on a day.
Below is my ideal entry for day trading or scalp play.
TSLA: Day trade or scalp target play: 04/20/22
Buy call above 1026.45 sell at 1035.15 or above.
Buy puts below 1014.65 sell at 1006.70 or below.
option open interest: ideal expiration date: 5/20/22 6/17/22
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
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TSLA $620-$465 over the next few months?On the weekly timeframe, $TSLA just formed another lower high, now rejecting that upper trendline 3 times, which would setup the possibility for a much larger fall from here (unless price can get back above it--which doesn't look likely here).
I can see TSLA breaking it's prior low from February and breaking the $620 support being it's already been tested multiple times on the way up. What hasn't been retested yet is the support at $465, therefore, that's the most logical place for price to find support from here.
Let's see how it plays out over the next few months.
MIDIUM TERM TEASLA DIRECTIONAL BIAS BULLISHHEY GUYS
this is an update of the idea posted in 30 march in which I've successfully predicted last move this is the place I've been waiting for the market to come
and now I'm bullish
this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple plans to be cirtainedif anything happens that changes the fundamentals of this idea, i will update.
please note that this is not financial advice. do your own research and use this information as conformational bias on top of your own analysis.
like for support!!!!