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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
TSLA Analysis, Double Top !!Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ TSLA is currently trading in the upper part of its 52-week range. The S&P500 Index is also trading in the upper part of its 52-week range, so TSLA is performing more or less in line with the market. The long-term trend is positive and the short-term trend is neutral. The long-term trend may just continue or reversal may be around the corner! A double top pattern has been spotted on the daily chart which could lead the TSLA stock back to the $850 levels. Possible Scenario for the market : The market is trading at $1014.97 and it's nearing the neckline of the double top pattern located at the $1001 range, if a breakout happens of that line we could be seeing the TSLA stock drop to the $850 level. and a lot of the indicators are showing Bearish signs that would support the double top pattern. In case the support line held strong then we could be seeing a Bullish movement that will lead the TSLA stock price back to the resistance level located at $1112.85 Technical indicators show : 1) The market is below the 5 10 20 MA and EMA indicating a Bearish short-term trend, But still above the 50 100 and 200 MA and EMA (Bullish long-term trend) 2) The RSI is at 44.20 showing some weakness in the market. 3) The MACD is below the 0 line indicating a bearish state in the market with a negative crossover between the Signal line and the MACD line. Support & Resistance points : support Resistance 1) 1029.10 1) 1168.14 2) 976.28 2) 1254.36 3) 890.06 3) 1307.18 Fundamental point of view : Tesla Inc has asked a U.S. court to affirm an arbitrator's recent decision dismissing a former engineer's claims that the automaker fired and defamed her for raising concerns about defective floormats and contracting practices. TSLA has a Return On Assets of 6.00%. This is better than the industry average of -1.33% and The Earnings Per Share has grown by an impressive 174.51% over the past year. Looking at the last year, TSLA shows a very strong growth in Revenue. The Revenue has grown by 66.27% and based on estimates for the next 5 years, TSLA will show a very strong growth in Revenue. The Revenue will grow by 35.52% on average per year. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
NASDAQ:TSLA
by GabiDahduh
TSLA 4H NEAR FUTURE PREDICTIONTechnical Analysis Summary TSLA/USD TREND ANALYSIS We have 1 down trend which is currently active in red We have1 down trend in red that has already been broken and thus the reversal FUTURE PREDICTIONS We have many resistanse and support levels that I have mentioned above. I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS). Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
NASDAQ:TSLA
by husseindergham
2
TSLA Weekly Options PlayDescription TSLA has to stop at some point, right? Risk here is limited by time, 1 DTE to make a couple points. Call Credit Spread Levels on Chart SL > 1250 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/05 1260C SELL 11/05 1250C R/R & Breakevens vary on fill, super tight trade though, risking 1000 to make ~200-300. The short call is placed close to the money for higher profit. The long call is placed 10 points away based off of collateral requirements and risk tolerance. Manage Risk Only invest what you are willing to lose
NASDAQ:TSLAShort
by BarnardR