TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

TSLA Technical Analysis

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

Tags:
  1. sunny-value

    sunny-value Member

    Joined:
    May 20, 2019
    Messages:
    78
    Location:
    new york
    Wow. Well what happened to that 180 wall of support then? Doesn't TA rely on people to believe in TA in order for it to work? I mean what good is resistance at 180 if no one has buy orders with a 180 limit?
     
  2. Sudre

    Sudre Member

    Joined:
    May 30, 2012
    Messages:
    543
    Great call!
     
  3. TMS

    TMS Member

    Joined:
    Jul 1, 2015
    Messages:
    108
    Location:
    Switzerland
    Hi sunny-value,

    180 is a general round number area for support/resistance, a more precise number is what user @dmunjal mentioned earlier which is according to "The Chart Guy": is 178.53. We have already visited this number yesterday, and went even slightly lower (a common method to shake weak hands). By the end of trading session, the share price closed just above 178.53 at exactly 178.97. So if profit taking is on the cards today, we should at least see a small rebound.

    Use this information at your own risk! This is NOT a trading recommendation, it is just what I see on the charts, and I might be totally wrong!
     
    • Helpful x 1
  4. Sudre

    Sudre Member

    Joined:
    May 30, 2012
    Messages:
    543
    This is also a good time to remind some that TA is a tool for looking at probabilities. Just like Elon saying over and over again there is no demand problem. If what Elon says is true then the fundamentals should be excellent but yet the price is also dropping. All tools are on the table for those that know how to position themselves inside the probability risk. TA is one.

    I don’t want to get on that debate.

    If TA and fundamental in a company both suck I’ll not buy, heck probably sell all positions.
    If TA is great but fundamentals aren’t looking good I’ll buy trading shares.
    If TA looks bad but fundamentals are great I’ll add to a long position
    If both are good I’ll buy trading shares and add to my long position.

    If you are simply a long term investor then TA really has no use in your world.... IMO.
     
  5. TMS

    TMS Member

    Joined:
    Jul 1, 2015
    Messages:
    108
    Location:
    Switzerland
    As expected, a rebound after touching the 180 support area:

    upload_2019-6-4_16-5-30.png
     
  6. Cherry Wine

    Cherry Wine Member

    Joined:
    Oct 4, 2018
    Messages:
    946
    Location:
    California
    Currently forming a nice hammer on the weekly chart.
     
    • Like x 2
    • Informative x 1
  7. anthonyj

    anthonyj Stonks

    Joined:
    May 16, 2018
    Messages:
    1,623
    Location:
    NJ
    Good times
     
  8. Cherry Wine

    Cherry Wine Member

    Joined:
    Oct 4, 2018
    Messages:
    946
    Location:
    California
    If we close above 210 today, fair to say that it's now acting as a support?
     
    • Like x 1
  9. bdy0627

    bdy0627 Active Member

    Joined:
    May 19, 2015
    Messages:
    3,453
    Location:
    Appleton, WI
    Yes, it looks like there is solid support around $210.
     
  10. Antares Nebula

    Joined:
    Feb 26, 2019
    Messages:
    665
    Location:
    Med USA
    I don't know... One week of holding above 210 does not equal solid support. Support currently is ~180. Though it may not hit that level again, one should be prepared in case.
     
    • Informative x 1
  11. Stars aligned

    Stars aligned Member

    Joined:
    Jun 27, 2019
    Messages:
    70
    Location:
    Europe
    New here. Trying to find a longer term TA pattern. Any opinions?
     

    Attached Files:

    • Like x 1
  12. Curt Renz

    Curt Renz Active Member

    Joined:
    Mar 5, 2013
    Messages:
    3,891
    Location:
    Chicagoland
    Technical analyst Tim Ord was my regular guest on our TV show. This is what he wrote after yesterday's market close regarding his position initiations for the S&P 500 (SPX).

    For monitoring purposes: Long Term long SPX on 6-26-19 at 2913.78.
    This goes along with our intermediate term SPX long position yesterday.

    All the Best,
    Tim Ord
    Ord Oracle - Home
     
    • Like x 1
  13. Stars aligned

    Stars aligned Member

    Joined:
    Jun 27, 2019
    Messages:
    70
    Location:
    Europe
    Is this already the white in the eyes of the enemies? :)

    upload_2019-6-27_22-11-49.png
     
    • Like x 3
    • Helpful x 1
    • Informative x 1
  14. Cherry Wine

    Cherry Wine Member

    Joined:
    Oct 4, 2018
    Messages:
    946
    Location:
    California
    Any folks on here see significance to a close above the 50 MA? Hasn't happened since February 28th..
     
  15. bdy0627

    bdy0627 Active Member

    Joined:
    May 19, 2015
    Messages:
    3,453
    Location:
    Appleton, WI
    Definitely, but I think it needs to be convincing and sustained, so we need to see the follow through for confirmation.
     
  16. Stars aligned

    Stars aligned Member

    Joined:
    Jun 27, 2019
    Messages:
    70
    Location:
    Europe
    Breakout from symmetrical triangle comes next week. Will be interesting and Friday's after hour action is an indication of what to expect, imo.
     
  17. Stars aligned

    Stars aligned Member

    Joined:
    Jun 27, 2019
    Messages:
    70
    Location:
    Europe
    Absolutely. 50 MA is close to the upper end of the trend channel which started around Christmas. There's a good example of what could be expected on thepatternsite.com, symmetrical triangles, imo.
    Not an advice.

    upload_2019-6-29_11-48-5.png
     
  18. ZachF

    ZachF Active Member

    Joined:
    Mar 31, 2016
    Messages:
    1,040
    Location:
    Park City, UT
    TSLA is now finally above the downtrend line that started in December:

    [​IMG]
     
    • Informative x 1
    • Like x 1
    • Funny x 1
  19. Stars aligned

    Stars aligned Member

    Joined:
    Jun 27, 2019
    Messages:
    70
    Location:
    Europe
    There must be more volume at some point, maybe after production/delivery numbers are out. This is still overture, imo.
     
    • Like x 1
  20. Stars aligned

    Stars aligned Member

    Joined:
    Jun 27, 2019
    Messages:
    70
    Location:
    Europe
    Charts look constructive, consolidation / continuation patterns.... hopefully confirmed by good P&D numbers today or tomorrow

    upload_2019-7-2_21-15-9.png
     
    • Informative x 2
    • Like x 2

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC