Tesla Motors Co Chief Executive Elon Musk said on Sunday the automaker was updating its semi-autonomous driving system Autopilot with new limits on hands-off driving and other improvements that likely would have prevented a fatality in May.
Sentiment is positive. End of last week (daily chart) ended on S2 (support). Tesla breaks $200 (since thursday).
Call end...
I'm not a hater of Tesla or Musk at all! I love the idea to build ecological cars for everyone. But beside the fact that every single news on the autopilot flush Investors I think this can't be a long for traders. Tesla failed two times now at 234$ for 61,8% of this down move from 2014 to 2016. In longer perspectives I'm bullish on Tesla - no doubt! But for now I...
Tesla stock lost the 50day moving average on Friday and is testing the 200day moving average support today. At current levels the stock would also clear a clean 'lower high' top. On a close below $217 (200d ma, horizontal support) could see a deeper selloff starting with next better support at $199 (gap) and at $188 (summer low)
Tesla motors seems topping in this move up, with a bearish divergence for a possible correction. After this retrace i'm looking for a new wave to the upside if the rising trendline holds.
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Dear All,
After looking at the monthly chart think TESLA is a short candidate. It failed to make new highs for last few years. There are couple of projected parallel path I drew just to get a guestimate...
NASDAQ:SCTY is running its resistance line at 27.36. While it does seem to be also following its channel. With both trends in mind I would say SCTY may fall tomorrow, but still follow its resistance line until August 1st. It may start to increase slightly and then fall.
NYSE: MBLY is looking to form a head within the next 3-4 months. This head could form early as today (LOW HEAD), or could form later in the month of September (HIGH HEAD). Check it out.
NASDAQ: VSLR could potentially fall to its support line at 2.80. Currently VSLR is resting on resistance 1, and in previous trends VSLR is likely to decrease .20 in the next few days. I would suggest that it could also reach further beyond resistance 1 but I would go in favor for a decrease by the end of the week. Check it out.
TSLA (Tesla) Short
Here's a setup of a TSLA short that I've initiated on Friday. Looking at the Fibonacci retracement lines, it has struggled to breakout of the 38.2% line after it's initial denial at the 23.6% line. Recently, there has been a breakout from the 38.2% region due to a strong market, despite negative Tesla stories as of late. Similarly, price has...
