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TSLA - What A Time To Be AliveTLDR: What a time to be alive. These types of moves create a significant transfer of wealth, for the long's this has been a multi-year battle from $175 - $350 and now in a span just longer than a full month we're at $537.92 at market close January 14, 2019 This type of price action extends beyond fundamentals, and at this point is primarily dictated by human sentiment with a bunch of algorithms following (not the other way around)- good news for us, Elliott Wave analysis does some good in the department of predicting price action in periods of euphoria- these euphoric moves in price action almost always occur in the third wave. I have two scenarios or wave counts I have considered, one where the peak of price action today is the top of wave 3 or the conclusion of wave 5. I'm publishing the later, in both scenarios price action retraces. Considering other technical indicators, the broader stock market soaring into uncharted territory, and retail sentiment I'm leaning towards the conclusion of a fifth wave, leading into a larger correction. The 0.50 fib retracement lines up neatly with a historic level of resistance (now support) for Tesla shareholders in the $380's Perhaps there is more upside following the correction- something to consider for a later time -- or, sooner rather than later if the Tesla bulls continue to maintain the squeeze. If up is the direction from here- I haven't the slightest clue where the top is after this. At the time of publishing this chart I hold $425 TSLA put contracts If the price action continues to strengthen the probability of this wave count I intend to further short the trade with additional options Tom
NASDAQ:TSLAShort
by tomthetrader1
10
TSLA update...TSLA update. analysis performed incredibly quickly. My current analysis would like to highlight an opportunity for correction. The 560 usd target price in my previous post was met. I am currently expecting a correction of up to 20%. The explanation of this rule system is a small insignificant (yellow-green) square. This is the initial ATR of the 1W wave fractals. It can be seen that both waves fractal (green rectangle) increased exactly 60%. Currently, this is the second common point of the two fractals. The third is the correction. And I expect this to close to 428usd. Short. I suppose the brutal build-up of TSLA could stall for a while.
NASDAQ:TSLA
by meszaros
9
Tesla Stock is Vulnerable to a 40% Elliott Wave DeclineTesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells fully electric vehicles, and energy storage systems. Its market cap is approximately $86 billion. In Tesla's case, investors have been too optimistic recently. The stock is up 186% in the past six months, climbing from $177 low in May 2019 to $499 this month. Unfortunately for the bulls, no trend lasts forever. Therefore, once investors run out of optimism, the stock is likely to fall significantly. The question is, How soon? In order to find out if Tesla stock is a good pick now near $500, let’s take a look at its Elliott Wave chart above. The daily chart shows Tesla's entire progress since May 2019. As visible, the price appears to have formed a textbook five-wave impulse pattern, labeled 1-2-3-4-5. It certainly has been a wonder to behold while it lasted. The problem is the Elliott Wave theory states a three-wave correction follows every impulse. Normally, the corrective phase of the cycle would erase the entire fifth wave. For Tesla, this means a sell-off to the support of wave 4 near $327. The Moving Average indicator reinforces that the price is overextended. If this count is correct, the next couple of weeks can be a lot different than the past two months. What's your view on Tesla Stock?
NASDAQ:TSLAShort
by Veejahbee
10
Tesla - Run for it! PT: $340Tesla had a great run in the last couple of months! It's time to take profit! Indicators telling us that current valuation of Tesla is overheating. Needs a good pull-back to at least re-test $ 340. If $340 breaks, we will see $ 260. "In our view, TSLA shares now appear fully valued after a meteoric run-up," Garrett Nelson of CFRA wrote in a Wednesday note. He maintained his $400 price target on Tesla shares but lowered his rating to "sell" from "hold." "We see the recent China factory start-up weighing on Automotive gross margins in 1H 2020 and U.S. sales being negatively impacted by the recent phase-out of its federal EV tax credit, rising competition and seasonality," he said. Trading tips: Buy: TSLA P 21 FEB 2020 $380,00 Sell: TSLA C 21 FEB 2020 $500,00 markets.businessinsider.com
NASDAQ:TSLAShort
by BlueDimeInvestment
TSLA monthly hints at new alltime highsThis is an extremely simple observation: Every time the monthly stoch RSI went to 100, so full overbought, we saw new alltime highs. Quite simple! That was already twice the case, and I think it will happen again now. TSLA is on a brutal run, I by the way also called the bottom back in may, it was pretty clear back then that this was a huge trap for poor shorters: So yes, chartwise this is pretty simple. But the fundamentals also confirm this: Gigafactory 3 finished, Model 3 production started there. Maybe extension of EV rebates. Gigafactory 4 near Berlin starts in being built in Jan 2020. Growth, expansion, growth on all fronts.
NASDAQ:TSLALong
by SebastianofMoon
5
Tesla potential short through support down to $260On an overall trend, TSLA has been forming lower highs if you extend the view on a weekly chart. The new low at $360 based on the previous high on a larger timeframe suggests another impulse move lower. The pop above $300 was due to the earnings report that managed to beat finally on a positive note which got investors extremely excited. We suspect some more downside to erase some of the earnings euphoria after the release of the new Tesla truck. There is a level at $310 that may hold support based on market structure. The move is very overextended from the Fib extension hitting the 161.8% extended level before showing signs of resistance. A break of $310 will open the downside and a potential gap fill into $260.
NASDAQ:TSLAShort
by TRADEPROAcademy
3
TESLA, DeLorean AND SO ON !!Hello Everybody, I hope you had an amazing weekend and ready for the opportunities of coming week. And hello TSLA. Dude your chart was telling me the story of Cybertruck presentation even before :) 2 Short targets are represented on the chart. SL: '' a closing daily candle right over the resistance area represented in red color '' For macroeconomic articles and comments you can follow me on twitter. This idea is not a piece of investment advice. Regards, Zelal Ada
NASDAQ:TSLAShort
by xryptospecial
1
$TSLA Sell The Rally, Too Much Resistance OverheadBulls are rejoicing and shorts are scrambling after $TSLA earnings report.$TSLA delivered a surprise earnings beat and solid Q3 deliveries number. However, the top line tally of $6.3B relied on deferred revenue and was below expectations. It also marked Tesla's first annual sales decline since 2012. JPMorgan is sounding some caution after seeing the initial 20% pop in shares. The analyst team doesn't think the quarter is a "breakout" moment for the EV automaker. We think the risk/reward favors new shorts versus new longs. As always, trade with caution and use protective stops. Good luck to all!
NASDAQ:TSLAShort
by OptionsGains
1