TSLAUSD trade ideas
TESLATESLA
Elon Musk's premonition of a possible recession plunged Tesla's share price by 9%.
Before the employees of the American company had time to move away from the recent letter about the ban on remote work, as the head of Tesla, Elon Musk, said that he had “very bad feelings”, so he plans to fire every tenth employee of the company in order to optimize business processes in the company, after which Tesla shares fell immediately by 9% in US trading on Friday. It is worth noting that the company's capitalization has been falling over the past two months and is under strong bearish pressure as part of a steady downward trend. The current support level of $700 per share is in the middle of the descending channel, the probability of a downtrend movement remains to the level of $550 per share. If the current level of $700 per share holds, then it is possible to break through the upper limit of the descending channel and fix above the level of $800, which will generate buying interest.
TeslausdTesla is in an uptrend since the start of the market, we had on flag retracement which broke upwards and now we see second retracement to the trendline, we reached 50 fib zone, and bounced back since we are in an up trend we should see higher higher highs being formed so our safe target is where recent highest high was.
Aroon: After retracement aroon is showing bullish momentum, which indicates that we should break the down retracement a push trough the flag upwards.
MACD: Is a bit slower to catch up and give us an entry, but is already showing gain in a bullish momentum.
Bollinger bad: Market already bounced off of bottom Bollinger band and started rising indicating bullish direction.
Entry:885
Invalidation: 770
Target: 1224
Ratio 1:3.2
TESLA Buy Opportunity - Buy the retracement !A series of bullish candles formed from 21 Dec during the pump from support line @ 888.5
Currently, we expect a pullback or retracement as TESLA hits its resistance zone @ 1075.7
A good BUY ZONE is @ the 0.618 fib level - 985 to 1007 zone (shown in the chart as white box)
This region also qualifies as retesting the top of descending channel that TSLA broke out of previously.
SL below or at 935
TP1 1078
TP2 1170
TSLA - Long plan.TSL is at a good support level.
We have a role reversal from the early months of Jan Feb around 901 where price made a high and then retreated.
This support also is overlapping with a Bear profit target of 127% of the correction from the last high.
Price is currently at a level where the Bulls are hiding.
My plan is to buy 50% of my budget on an HL from this area if it occurs on the 4hr jaming the stop and then see what happens.
However Price may head down to the next level of support - then......
The second support I see that would be good is 813. We should see a good bounce from here and TSL should see a HH - 1259 in the new year. Happy trading this is my plan so do your own due diligence first.
Tesla Can Fall - Pattern Completion Is Near $TSLATraders, TESLA can fall as we are reaching a supply zone, FCP (Fibonacci Confluence Pattern) zone and completion of a W pattern. There are 2 zones that we should be watching.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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TSLA MOTORS, INCTesla Bull Cathie Wood Says There's No Bubble, 2008-09 Debacle Has Put 'Fear' In Investors — And More Key Takeaways From Morningstar Appearance
The head of the New York-based Ark Investment Management was speaking virtually at the Morningstar Investment Conference and discussed high equity valuation of stocks such as Tesla with veteran investor Rob Arnott, founder and chairman at Research Affiliates.
Wood spoke at length on various issues ranging from how average electric vehicle prices are expected to fall dramatically to battery costs, falling traditional auto sales, how legacy automakers are far behind Tesla, and how investors have "become benchmark sensitive."
Wood’s investment firm sold some shares in Tesla earlier this month after the stock rallied. Ark Invest still counts the Elon Musk-led company as its largest holding.
1. On Electric Vehicle Prices: “Last year, we globally produced and sold roughly 2.2 million electric vehicles. Based on that, the cost decline in battery pack systems — the largest cost component of electric vehicles — we believe the average electric vehicle price will drop below that of the average gas power vehicle price in the next year or so.”
“It will continue to decline so that in the year 2025, the average Toyota Camry-like electric vehicle will be $18,000 while the regular Camy will still be roughly $25,000-$26,000.”
2. On Electric Vehicle Growth: “We believe the number of electric vehicles sold will scale from 2.2 million vehicles last year to 40 million which is almost half of the total car sales globally that we expect in 2025. That is a twenty-fold increase and an exponential growth to be sure, an 89% CAGR, simply based on the notion that these cars are going to become more affordable than gas-powered vehicles.”
3. On Automotive Inventories: "Many people think that the inventories out there are very lean in the auto sector, we don't think so. We think that inventories after a year of buying to avoid mass transit are parked in garages and driveways," Wood said. "And it's because gas power vehicle sales are falling apart.”
4. On Four Barriers To Entry Created By Tesla: "Tesla builds its cars on cylinder batteries while most others have based it on lithium-ion pouch batteries...which is roughly 15%-20% more expensive.”
“So, its battery cost will be lower as far as we can see. The second barrier to entry is the artificial intelligence chip that Tesla designed," where it said the Musk company has pulled a leaf out of Apple Inc's
“The other barrier to entry is the number of real-world miles driven that Tesla has collected,” Wood added. “The fourth barrier to entry is that Tesla is still the only car using the over the air software update to improve performance and prevent breakdowns.”
5. On Tesla’s EV Market Share: “There may be a lot of electric vehicle manufacturers out there but they are tiny. Tesla’s share is surprisingly high. We thought it would go down, at the end of 2018 it was roughly 17% of global sales, and instead, it went up. That has been a big surprise. That is a function of the four barriers of entries.”
6. On Legacy Automakers' Struggle: “In the early days of the battery...auto manufacturers and analysts laughed at Tesla for building its vehicles based on cell phone batteries that are blowing up in airplanes. Now we see General Motors Co GM +1.61%’s Bolt has had to recall most of the vehicles because its batteries are catching on fire. That was a concern 6-7 years ago and Tesla nailed that down and traditional automakers are having problems.”
6. On Legacy Automakers' Struggle: “In the early days of the battery...auto manufacturers and analysts laughed at Tesla for building its vehicles based on cell phone batteries that are blowing up in airplanes. Now we see General Motors Co GM +1.61%’s Bolt has had to recall most of the vehicles because its batteries are catching on fire. That was a concern 6-7 years ago and Tesla nailed that down and traditional automakers are having problems.”
TESLA WILL REACH OVER $1000-$1500 BY END ON 2021!!!!!TESLA will explode soon and in less than six months, we will see price action explode at least 2x from now.
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