Tslashort
Here is why $TSLA is still WinningFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into my insights. The stock market didn't do so great today, and even with the -2.33% decrease today, you seen a Tesla high of $869.82. Tesla looks like it is getting close to the same retracement pattern as its February high. I previously predicting close to a $900 short + long potential days ago, and so far I'm not doing so bad timeline-wise as positive stock activity overall have still been pointing towards truth in this. A bad scenario would be $781.88 towards June for Tesla's stock price, which coincidentally is a retracement of the current price today. The optimal and expected scenario would be close to the $1000 price point late June, early July. Also, I am quite bullish on Tesla and many analyst give it a buy rating. The current spread for sell and buy prices for Tesla is only $16. This is a stock you can hold for a long position, or shorten and reinvest in the dip, and can really profit off if you know what you are doing.
TSLA Beat earnings, but can this rally sustain? TSLA beat earnings and it is unfolding into wave (B) resistance extended into the 948 level. We may be contained within in the highlighted range in wave (C). The period of easy buy and hold 5% monthly returns like what we have seen in 2019 is over, this is a trader’s market.
Cybertuck Go Crash? (TSLA)Woah, woah, woah hey now!
It's ya big homie coming at you with another one of these fire TA 🔥
I got the daily pulled up on the big wild beast TESLA.
Elon could be calling up his A.I. hedge fund from Mars right now telling them to go short.
Or is Elon hoping in his Cybertuck to go fuel up the rocket?
We got the compression showing indecision.
Let's factor in the run from the recovery process.
Lots and lots of green.
When the compressed doji crosses over the green brick under it. Strong sign of a short.
We at the indecision stage.
I say fire short here at $725
With roughly a 3 - 5% stop 750 - 760 / Reverse target hit than go long
A break above $760 I think would lead to a massive surge.
Crack $700 I think it sells off
Based on the fact that if you look at like a 6 hr chart. It's overall pattern on these style of timeframes look like a massive cup. Which is bullish. I just think we are a little to overextended and could cool a little bit.
If I had to put price targets.
If it goes short I think next we can shoot for the $640
If it broke long than really the only next level is $900.
Break those targets, well than you are looking at a strong trend continuation
Those will be very important levels.
Right now we are at that sweet spot. Zone in on it.
Tesla: $900 Contingent TargetTesla is one of those stocks that seem to keep going up. They had a hard hit during the Coronavirus period putting an end to a seemingly continuous bull run. It also has a large market spread of around $64.03, so price change can be more incremental in comparison to other stocks. Tesla is one of those stocks that analyst seem to short or bid against continuously, yet it keeps doing above the traditional growth expectations. Tesla also remained partially open due to its ventilator initiative, and the first 3 month of 2020 seemed like a good run for Tesla. This is why I'm not to skeptical of the earnings call in 4 days. Keep in mind my opinion isn't meant to be taken at face value or seriously, but that being said let us continue. If Tesla has a positive earning call, there is huge chance soon that it can reach a $900 threshold. However, if the earnings were negative or showed lesser growth, you could be looking at a price decrease to $500 a share for Tesla. This is why it is medium risk but has the potential of great returns getting it prior to the earnings call. Also, you can see a pattern of growth, a pattern of higher share offerings, and not too bad of a decline ratio. It seems like this should at the very least be on your watchlist. If you can remember in 2018, I was calling a $300 price target. This means a doubling in price happened within a 2 year period, and it could soon potentially be a tripling. This isn't even considered high growth, but stable growth. Tesla is a stable growth corporation that seems to be beating market expectations for the most part.
TSLA1) wedge into supply;
2) MACD divergence;
3) money flow divergence;
Would be great to see increased volume and price to remain below 806 to provide more support for my downside count!
As I said before, TSLA is one of those equities that sometimes seems to just do whatever it wants. So, no matter whose projections you think may be better or worse, I just always say know your risk with this one!
Currently, I entered a short earlier in the week when we entered into this overall large supply zone. Today at open, I added to my short position. Of course, in an earlier post I said TSLA can more than easily pop right up to 770 and of course it did (I didn’t try to scalp a long position because I think that’s irrational to do when in a SUPPLY zone). That’s why knowing your risk is important on this one. My entry early week was small size, respecting the fact that if it pops up I’m fine and if it headed down, I at least captured some of the move I expected.
Until 810 price is broken, I’m sticking to my downside count on this one.
TSLAGame plan for tomorrow is to look for a good entry short. Going off the AH high of currently 791, this puts price action just about right at the 1.2x length of (a) of this a-b-c up and between the 618 and 786 retrace from the all time high. Being already in a large supply zone, I already started to build a small short and will look to add tomorrow if we stay under 806. A close above that may indicate the “a” and “b” of this a b c may be a wave 1-2 and we are in a wave 3 impulse. Some price levels will have to break for me to invalidate my downside opinion.
First target will be 570-540. As TSLA moves up and down in large moves, I’ll be going further out in time with puts to let this play out. As always, will watch to see if we stay under 806 before I just jump into a trade.
TSLAAdded more to my short position today. Could TSLA go up to 770? Yea, it’s TSLA, just kind of decides to do crazy things sometimes! But I’m bearish on it with positions that I will easily hold onto even if it decides to jump up randomly. Positioning is important because a hard reversal shouldn’t crush you. Put time on your side.
With a structured short position, game plan is to take profits at lower demand levels and average down to continue letting positions left on absorb retraces and then hopefully follow down to the next lower demand.
TSLAMet and blew right past first price target of 650 with a nice gap up to 740 level. Gapped up right into a significant supply zone and watched price action today with a thought it could try and push the 780 price.
Mid day I entered a short position, giving myself plenty of time to let price action work even if it continues to move towards 740.
Tesla Short OpportunityWe are seeing speculative movement again in the TSLA stock. The overall market had a positive reaction to the Stimulus package and infinite QE. However, we are going to see the actual result of COVIC-19 and the employment report in early May. The demand for high-end/high tech electric vehicles is going to suffer for the remainder of the year and Tesla responded by furloughing around half of its U.S. sales and delivery employees this week.
We are seeing heavy resistance around 660 and support 350.
Please share your thoughts!
Let us analyze, learn and trade!
GenXInvesting
TSLA Think it can keep pushing its way to 650 area which will be an interest zone for me to watch. Around 650 is the 50% retrace with the overall market drop. It is also the area where wave theory would align with a-b-c wave c up to be completed.
If it rejects around there, I’ll lean to downside and look for a small position short. If it breaks through, could indicate this is an impulse wave up and could have continuation higher.
I only try and limit myself to small trades on TSLA due to the volatility but it can be traded if you take your time on it
Only noobs are shorting TSLA here. It will go above 1000.First of all I like to emphasize how extremely happy I am about this rally.
The shorters really had it coming. The incredible amount of arrogance they displayed just had to be punished. And a severe punishment they did receive.
Now of course everyone is thinking that this here has been the top. However, if it would have been the top, the correction would have been much more severe.
Instead, we saw a correction pattern in a huge continued rally.
It really is very similar to the huge runup in 2013. Therefore I think we'll continue up above 1000, much to the dismay of the poor shorters, who are really poor now
in the truest sense of the word.
Anyone who doesn't understand why Tesla has this rally, why they are so disruptive, why they will grow much more, should really do some reading on disruptive
technologies and Kondratiev cycles. This company marks the beginning of a new era of rapid innovation. Tesla is much more than a car company. They build
solar arrays. They build energy storage batteries for renewable energy farms. They are also a software company. They are soon an autonomous carsharing fleet
company. They have the most advanced AI neuralnet, years ahead of anyone else. They have by far the biggest supercharger network. The lead to the other carmakers
who are struggling to even build the first generation Model S, is just INCREASING, not decreasing.
Tesla is going to change the world. It already is doing so. Anyone who doesn't understand that, should really do some proper research, and not only read CNBC clickbait news
headlines and FUD.
$TSLA (Tesla)Didn't run too far away.
Now there is another gap to fill, should come back to earth quite soon.
Do not get me wrong, I love the company, and I am not shorting it (I've made a promise to myself to never short this one). But it is just too good to be true.
I don't think King Arthur would be able to hold this stock in his hands.. Good luck everyone, tough evening ahead.