T3slaTulips
Member
10:30am might have been the spot today.
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The level of resilience despite macros is impressive....
Nasdaq -0.70%
TSLA -0.50%
Nasdaq -0.70%
TSLA -0.50%
I am no expert, but it looks like TSLA is under steady accumulation by some patient long term buyers. This is like building rock solid foundation/ price floor under TSLA. Combine that with increasing short interest, we will have a major spike up day anytime soon, it may be tomorrow or next week. I am curious to hear what chart experts here think.
GBleck
Member
10:30 looks like when Fiat Chrysler tanked. Currently they only look to be down to the trend line they where way over five days ago. Generally corresponds to The Nasdaq and F, GM.
Phil LeBeau on Twitter
$FCAU trading was halted earlier (looks like from 11 - 11:30 CST) but has since restarted. The CEO is vehemently denying this report...
Indeed, a whole lot of supply at $230.00 just got taken out. Closing above that level could be significant.
No. A large supply of shares being offered at a certain level indicates potential resistance, the opposite of support. Often previous resistance levels after being breached do become support levels. We'll have to wait to see if that becomes true in this case.
GBleck
Member
I noticed the hole in the volume. Today's fcau volume is way over any peak volume for the last year.
Tesla with a Demand problem -
TSLA with a Supply problem..
It's all so confusing
Lessmog Minestrone to the rescue
agree-
I have closed all leveraged positions (LEAP Calls closed at $230 SP) and am in all stock (core plus some extra);
Reasons are
*macro, market at all time highs (PEs are in danger zone);
*Volatile leadership in the offing with minimal confidence in economic policy drivers and world event drivers
*Tesla now having recovered to moderate levels.
Will just hold stock layers for a while. Fully long, and un-hedged, but un-leveraged
reminder:
US markets are closed Monday
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You must be referring to fear of monkeys soon running the zoo. But don’t be surprised if during the inaugural speech, Tesla, Musk or American built electric cars are mentioned positively.
My concern as well...
On another hand: TSLA became Trump Bump proof, although originally conventional wisdom was that TSLA could lose in the environment of perceived Trump policy moves.
Trump Bump is fueled by perception: "animal spirits", confidence that deregulation, lower taxation and such is good for economy. Well, if it is becoming clear that, fake news notwithstanding, "crooked" opponent declarer has enough of his own crookedness on display to derail and distract from his perceived policy priorities, the Trump Bump stocks will suffer, but TSLA could be seen as a winner all way around: Trump Bump proof, yet ready to spring up in case of Trump Bump slump...
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