It is known that those stocks that enter the 'S&P 500' have increased in their stock price by about 20% and Tesla will definitely take a place in this. My #1 speculation on tesla will be that it will exceed its all-time high which is 500(might be pre-market) on open there will be high highs and lows but overall my #2 predictions are that it will reach its new...
Tesla prices are trading below its ema 20 days and could further drop. Its a short term short selling opportunity with targets at 50% or 61.8% Fibonnaci level.
Subsequently any bullish price action from 50% or 6.8% Fibonnaci level represents long term buying opportunities with targets towards the $400 and its all ATH level.
TSLA trade running risk free. Want to be in move's like this? Send me a message.
BASED ON 1% RISK YOUR ACCOUNT WOULD BE RUNNING +4.5%
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the...
From technical analysis standpoint in a short term it is possible (and probable) that tesla formed a contracting triangle (which is simple corrective wave marked as ABCDE. A triangle always occurs in a position prior to the final actionary wave in the pattern of one larger degree and therefore one more upside move is expected. If we consider this ...
Believing here that we are undergoing Wave 4 of 5. Wave 1 was a rough 300% gain, Wave 3 a rough 600% gain. Wave 3 hyperextended thus high chance W1=W5. If that is the case, we are looking to still make some serious, serious gains on this. I know, markets are effing crazy things. Some Fib projections drawn - none of my posts are financial advice.
Tesla is making a big triangle structure formation making higher lows and lower highs squeezing the price in which will result in a huge breakout longterm to the top up to 595$ price target which is the 1.618 fib level with pullback stops at 460-469$ / 501$ price levels
This is an idea about when to sell Tesla shares following on from the split and subsequent price fluctuation.
Summary - TL/DR: For a trading position taken near the recent trough in price (around $329 on 08 September 2020), $427 is a balanced exit price, based on recent trend lines, that reasonably protects profits and avoids a potential bear trap driven by...
Tesla started going up now after its pullback making higher highs on the 4/1 gann fan line where it found support now twice and now after this minor pullback on 0.382 fib level we will see a push to 1.272 fib level ($420 target) which will be the middle gann fan line between 2/1 and 3/1 and also a double resistance level from previous moves. After that we will...
After dropping 6% at first Tesla finally found support at 8/1 gann level and went up 5% from there. Next target after such a deep fib pullback is the 100% fib level which is the prior high where it lines up with the 2/1 gann line and the date of the battery day
Would you like to buy TSLA ?
Yes, but be patient and wait for today's daily candle to close which will give us some extra confirmations on lower time frames as well.
It seems like bulls are not letting bears take over and we will see continuation of the bullish trend.
Put your SL under the demand zone and take your positions according to your...