2017 Investor Roundtable: TSLA Market Action

[dmckinstry]

Well, seems we've an inverted doggerel forming on the charts, so:

Spiegel, a short from New York
Thought Elon was some kind of dork
TMC found it funny
When he lost all his money
While his clients declared "he's a jerk"

Gee. Maybe doggerel doesn't work. As of 12:40 PT, we're almost to 353.

 

[LoveTSLA]

Indeed, and now the share price has poked above the 50-day SMA and continues in power mode. Somebody must know something to account for TSLA being so strong today, with no significant Tesla news while the overall market is weak. Often this initially can only be detected through technical analysis with the underlying facts coming out later.

Maybe Baba invest in Tsla? Not tencent this time?

 

[vgrinshpun]

Aside from the macro influence, it seems that TSLA is in consolidation (symmetrical triangle) mode after the upward trend that started in December of last year. The interesting part is that Semi event on 9/28 might come just at the right time for a breakout to above $400. Also interesting that the triangle support line coincides with $325 in the next day or two, which also happens to be point of the closing of ER gap. I think that if there will be neutral macro background in the next month or so we might very well see this breakout playing out. Macro is a big IF.

View attachment 242978

Ok, you've read it at TMC first...

Wait, did The Street author... Oh, never mind...

Tesla's Chart Suggests Breakout, But Direction is Hard to Tell

 

[Richgoogol]

This has to be insider or someone who has insight...Today's volume isn't high at all and yet SP is up over 3%...something smells fishy

 

[dmckinstry]

"Isn't Tesla a division of Ferrari?"

I can go all day long.

When is Tesla going to buy Ferrari?

 

[Waiting4M3]

This has to be insider or someone who has insight...Today's volume isn't high at all and yet SP is up over 3%...something smells fishy

Maybe MM using a low volume day to get it back closer to max main in prep for Fri's expiration

 

[Richgoogol]

When is Tesla going to buy Ferrari?

Eww who wants to buy a company whose cars aren't even the fastest Tesla will beat the crap out of Ferrari and just buy their factories for $1 when they go bankrupt

 

[ValueAnalyst]

This has to be insider or someone who has insight...Today's volume isn't high at all and yet SP is up over 3%...something smells fishy

We want high volume on breakouts of 5-10%, but I like the normal volume slow grind up days as they may point to agreement among traders.

 

[Curt Renz]

Maybe MM using a low volume day to get it back closer to max main in prep for Fri's expiration

Not likely, since Max Pain determined after yesterday's close was $340. TSLA this afternoon is soaring above that.

 

[RobStark]

Eww who wants to buy a company whose cars aren't even the fastest Tesla will beat the crap out of Ferrari and just buy their factories for $1 when they go bankrupt

I doubt Ferrari ever goes bankrupt.

People buying Ferrari in the future will be like rich guys buying an Arabian thoroughbred today.

Or buying a Rolex in a smart watch world.

 

[Waiting4M3]

Not likely, since Max Pain determined after yesterday's close was $340. TSLA this afternoon is soaring above that.

Thanks, I seem to remember mention of $352.5 max pain last Fri, not aware that it can move so quickly.

 

[Esme Es Mejor]

It was a good day.

My Model S went from "scheduled for production" to "in production," and TSLA went up by more than $11/share.

 

[Richgoogol]

I doubt Ferrari ever goes bankrupt.

People buying Ferrari in the future will be like rich guys buying an Arabian thoroughbred today.

Or buying a Rolex in a smart watch world.

Yeah..I knew that..Just feeling ecstatic because of the SP launch today... It feels like Tesla can take down everybody!

 

[larmor]

I doubt Ferrari ever goes bankrupt.

People buying Ferrari in the future will be like rich guys buying an Arabian thoroughbred today.

Or buying a Rolex in a smart watch world.

Or buying rolls of photographic film...

 

[Lessmog]

Or buying rolls of photographic film...

... or buying Rolls ...

 

[AcesDealt]

Yo it's Max Pain here. TSLA is up because of the powerball drawing, bros. If you don't know technical analysis you should. Charts and crayons, bros, that's all you need. TSLA is up 11.42 and 3.35% to 352.77. Split on the decimals, that already that gives you 6 of the winning numbers. Peace and science, bros.

 

[geneclean55]

Indeed, and now the share price has poked above the 50-day SMA and continues in power mode. Somebody must know something to account for TSLA being so strong today, with no significant Tesla news while the overall market is weak. Often this initially can only be detected through technical analysis with the underlying facts coming out later.

TSLA also held strong during the last 15 mins (and AH) when the QQQs dumped.

 

[ValueAnalyst]

Are people still doubting my short squeeze call?
This is not a poll y'all.
If you were hoping for a fall,
I feel sorry for you doll.

 

[MitchJi]

When is Tesla going to buy Ferrari?

Right before the mythical short squeeze.

 

[geneclean55]

TSLA has a remarkable ability to squeeze out new highs the next day (often early in the morning) after it finishes the day at the top of a long green candle. Look back over the past 6 months and prove me wrong
If I was more gutsy, I would load up to the hilt on margin pre-market for a short-term play.