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TSLA earnings in 2 daysIf you haven`t sold the double top: Then considering the bearish market conditions, Tesla should reveal some amazing quarter earnings to justify its high PE Ratio of 308. Meanwhile Elon Musk sold more than $15 billion worth of shares in the company since early November and said that he was "almost done" with his stock sales. And most of the shares were sold above $1000. Looking at the charts, i think that TSLA has entered a descending channel with a price target of $860 for this year.
NASDAQ:TSLAShort
by TopgOptions
11
TESLA IMPULSE (OR) CORRECTION PHASE? I did Tesla analysis on Apr 12, 2021 and it hit $1200 exactly as predicted Following is the analysis of Tesla Inc coming in for the next few weeks/months. 1) Wave 1 started low at $70 in Dec 2019 2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2% correction at $407 3) Wave 3 started on Sep 2020 and had a good run-up of FIB 127% from $407 to $900 ending on Jan 26, 2021 4) Wave 4 is a sharp zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter and sharp correction ending around $555 5) Wave 5 is still going on and might go to the following a) Calculate the length from the start of W1 ($70) and end of W3 ($900) = 900-70= $830 b) Calculate the length FIB levels ratios of this length of $830 38.2% ($830) - $317 50% ($830) - $415 61.8% ($830) - $512 100% ($830) - $830 127%(830) - 1054 141% (830) - 1170 6) Now add each of these levels to the end of W4 which is also the start of W5 i.e. $545, so we get 862, 960, 1057, 1375, 1599, 1715 ---------------- Summary -------------- 1) I believe Wave 5 is going to be an extended wave because Wave 1 & Wave 3 are of normal length 2) My prediction for Wave 5 is a minimum of 100% extension which is around $1375 ior 1599 ?? ppreciate everyone's feedback, happy trading
NASDAQ:TSLA
by JAN360
TSLA in a make or break modeTSLA is in a decisive point now at the 65 min chart. I like using 65 min instead of 60 minutes to get 6 equal bars per day. As you can see it is currently above the current support line, if it breaks it, watch out below if it spikes higher above the resistance line, then we could start the new up trend. If it breaks resistance to the upside we could go to first target of 1120, if we break it to the downside first support is at 1040. I am no guru and thought of contributing to the community to learn more.
NASDAQ:TSLA
by stocksflipper
TSLA Descending Triangle Break Weekly Options PlayDescription This idea originates from a different idea in which I interpreted the chart as a Symmetrical Triangle. I believe this interpretation was incorrect due to the consideration I put on the beginning of the gap up into the pattern. The opening price of the first candle following the gap is a technically irrelevant fact, unlike the support found after TSLA falls from the high, in this case the ATH, where it bounced three additional times, each time producing a lower high (a Descending Triangle). The Descending Triangle is bearish in purport, displaying a lower demand zone, and a descending liquidation zone, representing a growing overhead supply vs a stationary demand zone, until the sellers become stronger than the buyers (or buyers reverse), overtaking the lower boundary. Historically speaking, it is common for the lower boundary of the preceding pattern to become a new resistance, where once-buyers will be happy to liquidate, having been "made whole". The price target implied by the pattern is between 320 and 670 or less than 670. As a take from contrarian traders, such as Brent Donnelly, there is an application of the Magazine Cover Bias today, as TSLA CEO, Elon Musk, has been chosen as "Person of the Year" in time magazine. This is very reminiscent of 99', when AMZN CEO, Jeff Bezos, was chosen as "Person of the Year", shortly before the beginning of AMZN's two-year bear market. (Related idea linked) Using long puts to maintain a positive vega ahead of FOMC this week. Long Put Levels on Chart SL > 1000 PT : 700 *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/31 850P R/R & Breakevens vary on fill. The price target set with the idea is higher than the pattern implied price target due to the expiration of the position. This position is updated in the linked Related Idea, where there is a better explanation of alternate short strategies. Manage Risk Only invest what you are willing to lose
NASDAQ:TSLAShort
by BarnardR
TSLA Symmetrical Triangle Break Weekly Options PlayDescription TSLA Began the formation of this Symmetrical Triangle after achieving an ATH @ 1243.49. The Symmetrical Triangle is a common congestion pattern, typically indicative of continuations, accompanied by descending volume (on chart) and a heavy volume on the breakout. My point of contention with this pattern is okay volume on the breakout. It is only slightly above average when calculated on a 60 day period, or slightly below on a 30 day period. Although there is generally no advance indication of breakout direction, an indication can be what other stocks are doing - making bearish breaks through major trendlines and support levels since FEB - MAR of this year. The resulting price move implied by the pattern is equal to price move that preceded the pattern. So depending on where the measurement starts, the breakout, once confirmed, implies a 330 point minimum to a 680 point maximum move to the downside. Intermediate price targets: 900, 775 and throwbacks to the triangle's apex are common @ ~1100. My intermediate price targets are above the pattern-implied price targets due to the expiration of the position. Long Put Levels on Chart SL is a daily close back in the triangle PT : 900 *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/23 900P R/R & Breakevens vary on fill. The price target is the support at 900, which is above the break-even at expiration, so the primary objective of the position is to capitalize on a quick downward move in TSLA stock price and profit on the increase in time value premium. For those who didn't short @ 1200: An ATM, further dated Long Put would serve the objective of the position better if it is within your risk tolerance. Or an ATM synthetic short if you have the ability to sell naked options. And without the ability to short effectively or sell naked options, an ITM put would serve best, if within your risk tolerance. If you want me to build these positions, just ask. Manage Risk Only invest what you are willing to lose
NASDAQ:TSLAShort
by BarnardR
27