Possible Setup, Will be looking for an entry within the next 2-3 days. Stay tuned!
NASDAQ:TSLA · 200.00 Line -- Keep an eye
Bearish Harmonic pattern, decreasing MA's, lower highs/lows, oil optimism, close below long term .381 retracement ( no support from .5), am i forgetting anything? Be careful friends.
I lowered the xabcd since it imo could happen, bringing price to around 217, but then what happens after that..everyones favorite stock crumbles! Why? I believe short interest. But where are my Tesla bulls? Im a recovering TSLA investor, "shot myself in the foot" way too much when I started trading, so I probably wouldn't buy into the TSLA hype unless it shot up...
A temporary dip in the price for a few days is likely to happen for the earnings report. Long term outlook is still bullish. Short term bearish .
Does this strategy make sense? I'm not sure if I'm exhausting my understanding. If I'm wrong, tell me I'm wrong. Let me know your thoughts, traders!! :)
Does anybody else see a TSLA downtrend? I don't think it will go as low as the 1.618 of wave 1, but certainly into the 1.272-1.414 before earnings and election. Yes, after that point I think it will rise higher
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)
Did you remember the by by song from N-sycnc? Here you go, while reading my boring chart and analysis you can also listen to this nice music. www.youtube.com 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...
see the downward trend channel
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...
Definite Sell Signals. 1. Bottom BB Band. 2. KSTindicator Bearish and crossing 0, 3. CMF is negative. 4. Coppock curve is negative and crossed 0. Has some more room to go down. Would not be surprised to see it hit the lows we saw a few months ago, around $140.
looking to short TSLA on any slight pop. bearish downtrend
Declining Triangle formation on top. Not very symmetrical but OBV indicates insider activity is a prelude to negative earning announcement. Entry can be at current price levels if there is no bounce prior to earnings. Uncertain a straddle straddle strategy is ideal but only when Implied Volatility is high.
Tesla is trading within a larger weekly-monthly distributive pattern. The 7-month trend has been within a BEARISH descending channel. Each prior attempt to test the upper trendline has formed a rally to has failed to follow through...an "upthrust." Longs are holding onto *RISK* into resistance. If the 50% Fibonacci retracement holds the bias would continue...
TSLA is currently in an uptrend however it might break the uptrend thanks to a prediction done with the technical indicators that all show that TSLA is overbought. I have drawn the support (green) and resistance (red) horizontal lines. The price is getting close to the resistance level at around 193.50 and might bounce back down to around 183 at the first...