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tsla short - near termLooking at the hourly chart, seems like tsla is ready to break down towards support at about 730. There will test additional uptrend and horizontal support. With a general trend downwards to possible reach the 600 levels. Low volume towards the close on Friday, OBV pointing lower trend, barely resting on the 50 MA currently, and could not break with conviction above the 800 mark. Tried twice the higher end of the Fibonacci resistance levels as seen on chart, without success of breaking further. Looking into fundamentals and general hopes and optimism, I think it is all priced in and has reached the limit. So to be long on this stock is just to far fetched at this point, no risk-reward.
NASDAQ:TSLAShort
by LEO_IAMNOTUNCERTAIN_55555
2
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 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
Weekly:- Rally & Slight DownEvents:- - COVID-19 - Battery Day (Which likely will extend due to Covid-19) - US Factory & Giga Factory stopped production (which simply means no sales) - Tariff (Might and might not impact) Based on the events above while the pricing are still topping, the only explanation are the investors still having strong faith & trust on holding up the shares. Only when shit hit the fans we will see huge sliding. However, there should be slight down from the chart based on the trend it will be. Till the outbreak it is, we will be able to tell the chart heading up or down. Trend Next Resistance:- 865 Next Support:- 795
TShort
by EricTayb0
1
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
How the TSLA situation probably went down>be Elon >Genius >Knows basic TA >Sees support is now resistance >see Divergence on the MACD Histogram >Bearish cross of the signal and MACD finta happen >Price action bouncing against the top of the bollinger band >knows how bad the market is >wants attention >Comes on out and says his company is over-valued >TSLA dumps >SPX Dumps >Fools are saying that Elon was a domino that erased billions if not trillions off global evlauations >gets all the attention he craves. As for target setting 150-160 seems like a technical place for this to stop. I told others about TSLA but didn't to a post on it specifically, instead focusing on SPX as it is the broadest measure of the interactions between the stock market and main street. My linked post will show me calling tops and bottoms on that.
NASDAQ:TSLAShort
by This_Guhy
TSLA´s short lotterySo, what can I say about TSLA as a stock that seems to resist even Musks words that the price is to high? Next day sell off is finished and it gains and gains. So, usually every ta is sinceless you think so? Im on your side but Ill want to try it anyway. In my opinion three things are now important to know from a technical view of life: RSI shows an overbought signal MACD is matching and gives sell signal, stockprice is near all time high @ 900. So, I should force you to short this stock like thousand other shortsellers. Well, if you want to loose money do it but I want you to say- wait! Take care of SP500 and wait for ATH around 900. As long there is an uptrend in SP500 the market has no reason to sell off this bubble.
NASDAQ:TSLAShort
by Hornetcharts
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
TSLA(Update), Bearish Div, bearish harmonic, bear flagAs the title states, we have a confluence of bearish indications to suggest a move to the downside. The last move went up in price but rsi made a lower high showing the weakness of the move. The stoch rsi has crossed down as well and it is on the verge of collapsing from the bearish flag pattern. Ideally a trader would wait for clear break of the trendline of the bottom (supporting) trendline of the bear-flag before shorting so perhaps draw that trendline on your own chart and short once you see a nice breakdown. Confluence such as the extrapolation of the bear flag suggests the next leg down would be to the golden fibonacci which coincides currently withe the 200 MA (red moving average). So if one is looking for an entry point to long a trade, that would be the area (green line). I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
NASDAQ:TSLAShort
by Zaraki11_AY