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TSLA Technical Analysis

Discussion in 'TSLA Investor Discussions' started by Robert.Boston, Dec 31, 2014.

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  1. Leo9

    Leo9 Member

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    Intraday ascending triangle breakout, just like yesterday ; ).
     

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  2. Curt Renz

    Curt Renz Active Member

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    #1542 Curt Renz, May 22, 2019
    Last edited: May 22, 2019
    A stock’s 50% decline from a high usually results in at least a strong bounce, and often defines a long-term bottom. The all-time intraday high for TSLA was $389.61 on 2017 SEP 18. Half of that is $194.805. Today’s low was a little under at $193.36, The price has since been hovering around the 50% decline level. Closing above could be an encouraging technical sign.
     
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  3. anthonyj

    anthonyj Stonks

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    Technicals are broken until Tesla (anyone other than Elon) can calm the market about demand and solvency
     
  4. TheMrX

    TheMrX Member

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    Hope you are right, if not we could go visit 38% level at 147ish...
     
  5. TMS

    TMS Member

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    That's why. The yellow area around 180 is a strong support region, with 2 converging lines of support, and as others here mentioned, were also in oversold territory!

    tsla220519.JPG
     
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  6. sunny-value

    sunny-value Member

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    what does oversold mean in terms of the charts and all those colored curves? why is it called 'oversold'?
     
  7. anthonyj

    anthonyj Stonks

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    There is no such thing as oversold when investors are basically chickens running around with their heads cut off. Why can’t we get real guidance? It’s insane. Musk thinks he can save the stock from free fall by saying 90-100k cars? No one believes that. Just like enhanced summon has been coming out next week since November 1st. I’m just hoping that someone large is slowly building up a huge stake in Tesla. Hope isn’t an investment strategy though
     
  8. elasalle

    elasalle driVIN(188xx) it !!

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    Sorry folks, but TA is Dead
     
  9. TMS

    TMS Member

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    The MACD indicator at the bottom of this chart shows when is the stock overbought (green arrow), and when it is oversold (red arrow).
    This is where we are now, in oversold territory (based on an almost 7 months period). This means that a reversal to the upside is possible based on the price movement and other indicators. You can read more about the use of MACD here:
    Moving Average Convergence Divergence (MACD)

    And no, TA is not dead, if you know how to use it and what to look at. Trading using only fundamentals is like driving blindfolded!
    And by the way, this thread is called "TSLA Technical Analysis";)


    tsla_oversold.JPG
     
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  10. TMS

    TMS Member

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  11. dmunjal

    dmunjal Member

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    178.53 according to this guy.

     
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  12. pdq

    pdq Member

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    TSLA is acting like any other stock that faces headwinds. In this case it is concern over production numbers, FCF, cash burn rate, and Elon losing credibility with Wall Street analysts. As an investor for many years, I've seen this movie many times, so I think that it's going to take some pretty dramatic items to turn the technicals around in any meaningful way.
     
  13. bdy0627

    bdy0627 Active Member

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    Dramatic items?
     
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  14. peopleofcolor

    peopleofcolor Banned

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    Thank you.
     
  15. Leo9

    Leo9 Member

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    TSLA is coiling in a narrow trading range. The stock will make a big move soon.
     
  16. EVMeister

    EVMeister Lover of Tesla, driver of I-PACE

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    In which direction?
     
  17. bdy0627

    bdy0627 Active Member

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    Yeah, that's what I'd like to know too, preferably ahead of time.
     
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  18. hershey101

    hershey101 Member

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    sell an iron condor and make money on both sides.
     
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  19. Leo9

    Leo9 Member

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    I wish I knew. Not sure right now, but the chart looks bearish to me.
     
  20. Leo9

    Leo9 Member

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    I guess we are going down.
     

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