Agree, it’s just the number 341 is wierd. Doesn’t correspond to th 5/10MA [unless it’s sub day period or something], nor does it correspond to the 20MA (mid BB).
At least none of the data for now... maybe Opt Snip is from the future...
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TSLA Technical Analysis
- Thread starter Robert.Boston
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- elon is an ass TSLA
Agree, it’s just the number 341 is wierd. Doesn’t correspond to th 5/10MA [unless it’s sub day period or something], nor does it correspond to the 20MA (mid BB).
At least none of the data for now... maybe Opt Snip is from the future...
We possibly get a glimpse of his short term price projection based on that number.
For the PPS in February to meet the 5 MA at $341.00, TSLA would need to close January at $412.27:
(331.53 + 308.85 + 311.35 + 1/31 close + 341)/5
For the PPS in February to meet the 10 MA at $341.00, TSLA would need to close January at $394.18:
(341.01 + 361.61 + 323.47 + 355.90 + 341.10 + 331.53 + 308.85 + 311.35 + 1/31 close + 341)/10
Every $5/10 deviation from this will be a dollar he's off.
For the PPS in February to meet the 5 MA at $341.00, TSLA would need to close January at $412.27:
(331.53 + 308.85 + 311.35 + 1/31 close + 341)/5
For the PPS in February to meet the 10 MA at $341.00, TSLA would need to close January at $394.18:
(341.01 + 361.61 + 323.47 + 355.90 + 341.10 + 331.53 + 308.85 + 311.35 + 1/31 close + 341)/10
Every $5/10 deviation from this will be a dollar he's off.
ev-enthusiast
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Correction: On the daily chart the 0.618 Fib line is currently sitting at $352.39 (high 2017-09-18, low 2017-11-02).
ev-enthusiast
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Blew through the 0.618 Fib level at $352.3 and now testing $355 resistance.
Nasdaq helping?
ev-enthusiast
Active Member
Looked above $355 intraday, but closed at $351.46.
Nasdaq up more than 1% for the day.
Sorry I can’t seem to get the charts to work on my IPad today. But an interesting observation on SP.
Last three days has been mod red down days with SP drops around 9 dollars each day. Opening SP around 2 dollars or so higher than the previous day, then followed by an eventual drop of 9-10 dollars. Yesterday was the longest drop of 10 dollars. One could argue that this formed a “Three Crow” pattern... not perfect, but close.
If it wasn’t for the pm sell off, the SP drop would have been a more modest 3-5 dollar drop. Which would show buying interest coming back and selling pressure backing off. Now it seems to me that this slow down of the red candles will likely begin to happen tomorrow or monday (my WAG).
That being said I am positioned with a buy limit around 332* or so... which would fit with a possible opening of 340-341 and 8-9 dollar drop to close at 332.
BTW took advantage of the drop to add more shares today. Will continue to add if the price is right...
*announcing as a courtesy for my fellow TMCers who asked to know where my buy limit is, so they can set theirs a bit higher...
Last three days has been mod red down days with SP drops around 9 dollars each day. Opening SP around 2 dollars or so higher than the previous day, then followed by an eventual drop of 9-10 dollars. Yesterday was the longest drop of 10 dollars. One could argue that this formed a “Three Crow” pattern... not perfect, but close.
If it wasn’t for the pm sell off, the SP drop would have been a more modest 3-5 dollar drop. Which would show buying interest coming back and selling pressure backing off. Now it seems to me that this slow down of the red candles will likely begin to happen tomorrow or monday (my WAG).
That being said I am positioned with a buy limit around 332* or so... which would fit with a possible opening of 340-341 and 8-9 dollar drop to close at 332.
BTW took advantage of the drop to add more shares today. Will continue to add if the price is right...
*announcing as a courtesy for my fellow TMCers who asked to know where my buy limit is, so they can set theirs a bit higher...
ev-enthusiast
Active Member
With 2018-01-23 candle on the daily, is TSLA currently working on a double top?
As far as I remember TSLA formed quite some double top and double bottoms during the past.
As far as I remember TSLA formed quite some double top and double bottoms during the past.
ev-enthusiast
Active Member
Haha, same here.
Just trying to read the daily chart as it is.
Honestly I would prefer a double bottom
From the past I know double bottoms, double tops and Fib levels are well worth watching with TSLA.
bdy0627
Active Member
Are those 2 recent highs spaced far enough apart for a legitimate double top? I think they are 7 trading days apart, which seems really close together to constitute a double top. Any thoughts? I guess even if they are a double top, we are probably in for a pretty modest decline that will be short lived. It should be tossed aside by Model 3 production at 2,000+ per week, which we are likely to see by the end of March.
Something really interesting is happenig with the BB(20,2). The 20 day standard deviation is now in single digits AND if the BB(20.20) cross over price is hit tomorrow, the standard deviation drops further. BB(20,2)
I think the BB(30,3) cross over price comes more into play if SP pops.
I think the BB(30,3) cross over price comes more into play if SP pops.
ev-enthusiast
Active Member
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