It's always quieter when the stock isn't doing so well. Pay close attention from now on, you wont be able to miss it.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
-
Tesla's Supercharger Team was recently laid off. We discuss what this means for the company on today's TMC Podcast streaming live at 1PM PDT. You can watch on X or on YouTube where you can participate in the live chat.
- Status
Could you please add some more details? The 9:53 minute trading shows 14,000 shares traded, which is capable of getting the rock rolling downhill. How big was the dark pool dump? Many thanks for your efforts.
7620 shares, highest 1 minute dark pool selling volume today.
On a different note, this will be interesting.
Intercontinental Exchange Announces ICE Futures U.S. Contract Based on NYSE FANG+™ Index of Tech Stocks; Efficiently Hedge or Gain Exposure to Key Tech Sector Stocks with Futures
NYSE FANG+ Index Futures
bdy0627
Active Member
I know, just pointing out the obvious. I'm a contrarian I guess. I like to be here more so when the stock is getting driven down. You know, misery loves company.
Thanks for the info. If those 7620 shares were a bunch of shares sold short, it would be an efficient way of starting the rock rolling downhill, given the 9:53 and 9:55 am drops.
Mike Smith
Active Member
It seems to me that if Tesla announces some problem with 3 production next week they'll also announce a short term fix. Remember Tesla can make almost any part themselves with a bit of time. It seems the market is betting on a longer term issue, which seems very unlikely.
ValueAnalyst
Closed
I suspect the aim of the shorts today is to see TSLA close in the red, below the 100 day moving average. Today is but one battle in their war. Since the transition to green and the 100 DMA are so close to each other at the moment, capping to keep TSLA in the red is a likely strategy. You may see bop-the-mole where shorts sell any time TSLA goes green, but you may instead see TSLA allowed to climb a few points into the green before the short-selling takes place, so that the strategy is not so apparent. With this first sign of green, it'll be interesting to see what is about to transpire.
11:56am, 8293 share DP sell spike, 1 minute after Nasdaq dropped a bit, same minute Nasdaq was recovering on nice volume. Clearly TSLA wasn't dropping (barely), but nothing a small sell spike wouldn't fix. That successfully subdued TSLA for the next 5 or 6 minutes while Nasdaq continued to rise.
I’m going to put my money on a rise of more than 2% today closing above $350.
Daily pivot @ 348.46 will be resistance on the way to that. After the first dump of the day we retested it and confirmed it had become resistance.
That said, starting to see some algo buying spikes, 5k shares in the last 10 minutes. If the momentum can be sustained to $350, I don't think we'll stop there. Macro needs to hold itself together though, as TSLA is still quite fragile.
Edit: looking at wrong numbers, seems to be spikes of 5-8k shares as we move up.
Last edited:
ValueAnalyst
Closed
bdy0627
Active Member
If the latest hourly candle continues green, that will make 5 green candles out of the last 6, overlapping yesterday's trading. The hourly 5 SMA has now turned positive. The likelihood of this not being the bottom is getting very low. But I wouldn't rule out a fierce battle through the rest of this day. If it becomes even more clear to bears that this stock is turning around, covering may create a nice close.
bdy0627
Active Member
bdy0627
Active Member
bdy0627
Active Member
Krugerrand
Meow
I see dead people dressed as Yogi. Not really but I've got as good a chance at seeing that as you do $337. Next stop $270, Buddy.
Had a buy set for 340, never got there. Would have been great timing!
Right idea, bad execution. My story trading TSLA short term for the most part.
Right idea, bad execution. My story trading TSLA short term for the most part.
ValueAnalyst
Closed
Not to sound like a chartist, but v-shapes are good, eh?
I'm also seeing a cup-and-a-handle formation with a possible breakout at $351 and a target at $360-362, am I right, or am I right?
We also moved up on some key moving averages with a nice MACD positive signal.
But I don't watch technicals so never an advice...
I'm also seeing a cup-and-a-handle formation with a possible breakout at $351 and a target at $360-362, am I right, or am I right?
We also moved up on some key moving averages with a nice MACD positive signal.
But I don't watch technicals so never an advice...
- Status
Similar threads
- Locked
- Locked
- Article
