Very clear triangle forming on today's 5 minute chart. I would not expect sideways trading today - it is ready to break out to the upside or downside very soon.
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3Victoria
Active Member
Yes, I believe him. (most) Parts ready by July 1. Any stragglers fixed. Start production late summer(?) and ramp up from there. Pre-production cars are needed to validate the design and parts, and to debug any last minute glitches. These would use early part samples.
TrendTrader007
Active Member
Tesla the more I think about it this seems like a singular Rare Stock that needs to be bought and never sold
By never I mean not for the next 7 to 10 years
By never I mean not for the next 7 to 10 years
Should break in the next 5-10 mins. Range getting super tight, at end of triangle
Pah. Short-term Shirley.
TrendTrader007
Active Member
yeah the smartest thing regarding Tesla would be to just follow Elon musk's example and keep on buying shares and never sell them
Gerasimental
Member
Ascending triangle. I'm rolling the dice and bought a bunch of weekly 270s. Probably won't even break 270 now 
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.BTW, no shares available to short at IB. Reasons for buying weekly calls:
- 275 premarket
- trend is up
- good M3 news
- ascending triangle
- no shares available to short and all shorts from the past year are underwater
Do your own diligence etc. Markets can still be irrational short term.
- 275 premarket
- trend is up
- good M3 news
- ascending triangle
- no shares available to short and all shorts from the past year are underwater
Do your own diligence etc. Markets can still be irrational short term.
dmckinstry
Model X 2019
Yeah. But I don't have an infinite supply of cash.
izzat (as a chartist) a flat top ascending triangle, i vaguely recall it's an upward signal, but memory fades after 20+ yrs
TrendTrader007
Active Member
Tesla hourly charge shows a very tight flag like formation I bet that Stockl is headed to $272 a share
racer26
Active Member
So... more experienced technical guys:
How often do these triangles and flags and things descend into nearly a straight line, and then how long do they stay like that for before blasting off in one direction or the other?
How often do these triangles and flags and things descend into nearly a straight line, and then how long do they stay like that for before blasting off in one direction or the other?
Thats an incredible flatline. But if today is anything like the past 2 days...there should be a bump upwards starting in the next 15-30 mins on increased volume.
Well, I sold my calls for a small gain, 10-15%. Stock is cleared to fly up now, ha.
You'd do well to do the opposite of what I do on all these short term bets!
You'd do well to do the opposite of what I do on all these short term bets!
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