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trading
- Thread starter Boomer19
- Start date
bdy0627
Active Member
I started buying too early today but added more on the deeper dip. I see quite a bit of support not too far below us. There will likely be a confluence of support between $205 and $210 with the 20 MA moving into that range over the next few days. I think that will be a good spot to add if we get down that far.
Decent profits on both my TSLA and ALB trades yesterday and today. I’m just trying to buy a small daily bottoms on lithium stocks as I see them and not be afraid to cash in small wins.
I thought TSLA should rebound higher a bit quicker than this but that $180ish bottom looks just as convincing as ever long term if you zoom out
I thought TSLA should rebound higher a bit quicker than this but that $180ish bottom looks just as convincing as ever long term if you zoom out
bdy0627
Active Member
Sorry for the messy chart, but I see a lot of reasons why the stock should find support in any pullback down below $215. I think it would take really negative news or a big market drop to get down below $205 again.
anthonyj
Stonks
anthonyj
Stonks
EVNow
Well-Known Member
This is what I was expecting and was ready to buy but the big push down to 221 happened. Low volume too. Not so sure anymore.
anthonyj
Stonks
I got some weekly $250s, pretty confident in a pump before the delivery report. Will buy a lot of puts before the report though. Tesla can report 420k deliveries and will be spinned as a miss
well as Hock1 said in the regular thread, don’t short a quiet market
to me there is a difference between today’s particular trading day volume versus a “holiday lull” as we’ve seen in july 4 and xmas-to-new years-type bear raids in the last handful of years.
i still have hope we can rise enough before 4th of july holiday
bdy0627
Active Member
Once we get convincingly above the 50 MA, more buyers should show up for a nice climb. I see us climbing into the report rather than remaining flat or dropping. I think the market response to the report, assuming it's around 86-90k will be dictated by what happens leading up. If we climb quite a bit, which I think we will once we get above the 50 MA, then I would expect a sell the news. If we don't climb much from here or drop then I don't think we get a sell the news. The other factor we do have to consider is the low volume July 4th holiday shenanigans. Market closes at 1 pm on July 3rd, closed July 4th, then open July 5th (Friday). Stock could definitely be vulnerable July 3rd and 5th. I will probably reduce my call positions on July 2nd.
another waste of a day i’ll never get back in life
clearly nobody seems too scared about tesla habit a decent quarter. and if 85-90k or more delivery quarter means 220 stock price that’s ridiculous
if we find there has been no large accumulation of shares by anyone during this downtrend, that’ll be more impressive (and scary) than what shorts have accomplished.
clearly nobody seems too scared about tesla habit a decent quarter. and if 85-90k or more delivery quarter means 220 stock price that’s ridiculous
if we find there has been no large accumulation of shares by anyone during this downtrend, that’ll be more impressive (and scary) than what shorts have accomplished.
Last edited:
EVNow
Well-Known Member
I think the Goldman analysis saying Q3 will again be bad has probably given pause to some. May be a few things coming out have also put a question mark on whether Tesla will hit 90k or not.
I bought some calls today but sold before the market went down.
I bought some calls today but sold before the market went down.
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