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TSLA Technical Analysis

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

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  1. Chunky Jr.

    Chunky Jr. Member

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    Maybe I’m just an idiot, but I don’t see how technical analysis is any different than trying to find patterns in past lottery numbers.
     
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  2. ZachF

    ZachF Active Member

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    Like I've said before, TA is objectively dumb ....but a lot of traders use it, giving it sometimes minor predictive power.
     
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  3. TheMrX

    TheMrX Member

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    Trees are dumb, but the branches emplacement of a tree can be calculated by fractal.

    Our biological neural net obeys the same mathematical laws.

    And our thoughts/reasoning are made/emanates/generated of/from?

    ... Yes there can be some deep philosophy in technical trading/analysis ;)
     
  4. Antares Nebula

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    I think it's more art than science and should be taken with a grain of salt. But I do think there is more logic behind it than reading the stars or entrails. Something to do with the large numbers, complexity, etc. Patterns like cup and handle and head and shoulders calculate so called "measured moves", which actually have some math behind it. But it is also probability based. I don't use it solely, but it is one tool out of many (including fundamental analysis, news, etc.) that is useful together with the rest.

    Case in point, it allowed me to buy calls at 223 today. Based on yesterday's chart and the gap up, there was an inverse cup and handle which targeted 223 (see my post in the trading thread). I saw this yesterday. Wasn't completely sure it would hit that or even go beyond. But I waited for that today, and bought at 223.50. But there is luck and chance involved too. Fortunately it worked out.

    Also, can't ignore the fact that the stock bounced off 180 support like a dime. That has been long term support for many years. Of course 250 or so was support, but when that broke, the next support was 180. Good chance that it would bounce there (at least for a dead cat bounce).
     
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  5. Stars aligned

    Stars aligned Member

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    #1585 Stars aligned, Jul 4, 2019
    Last edited: Jul 4, 2019
    Well, sometimes it helps to try to look beyond its own plate :)
     
  6. Stars aligned

    Stars aligned Member

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    Broke nicely through resistance, supported by good P&D number, and the day ended just above 235. Breakout was clearly anticipated by Mr Market.

    Is there a new trend channel in the make?
    upload_2019-7-4_9-54-46.png
     
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  7. Right_Said_Fred

    Right_Said_Fred Moderator

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    This thread is dedicated to technical analysis. The members posting here believe it is a valuable tool for their investing decisions. Everyone can express scepticism about the usefulness of TA, but this is not the place. Any further posts questioning the value of TA will be removed.
     
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  8. TheMrX

    TheMrX Member

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    Nice cup and handle dressing up
     
  9. Antares Nebula

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    There is some ambiguity about whether TSLA broke above the downtrend line; depends on normal or log scale. See my post:

     
  10. Chunky Jr.

    Chunky Jr. Member

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    A mod moved it to this thread. I didn't post it here.
     
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  11. Right_Said_Fred

    Right_Said_Fred Moderator

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    Sorry, I wasn’t aware of that. I’ll leave the remark for future reference though.
     
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  12. Stars aligned

    Stars aligned Member

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    Also intraday today, another cup forming.

    What do we get when shorts cover and retails sell (see Robintrack chart)?

    Smells like institutional accumulation.

    Earnings S&P inclusion would give a massive boost. Even if this is regarded as unlikely in general, some shorts and institutions may want hedge such an event to a certain degree. Especially because there are so many wildcards.
     
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  13. Antares Nebula

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    in Log Scale
    TSLA chart 3.jpg
     
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  14. Stars aligned

    Stars aligned Member

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    1m graph shows cup after cup. Soon, log scale may show what lin scale knew for some time. Accumulation.

    upload_2019-7-10_19-6-51.png
     
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  15. winfield100

    winfield100 Active Member

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    a cautious look at Accumulation/Distribution line and SP, finally turning up
    upload_2019-7-11_7-59-26.png
     
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  16. Stars aligned

    Stars aligned Member

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    Upper channel has now been broken on log chart as well, about 9 days later than on the linear chart. On both charts, a new uptrend channel has formed. After SP lost pretty exactly 50% in a little more than half a year, it may go to the old high in November / December, if the new channel holds.

    Doesn't look exactly like a V bottom, talk about the newly invented Y bottom. Good sign for upcoming model Y I guess, lol.

    The low volume (falling since shortly before bottom was reached) suggests that few shareholders are willing to sell. Those accumulating have to build up positions by buying calls near the money and exercise them. The unusual high aftermarket volume those days (again almost 290k yesterday) and the opricot chart of the last days support this assumption.

    235 resistance has broken upwards and became a support again.

    Events which have been marked as low probability or impossible such as S&P inclusion in the next round, early Y production or an XLRange model S and X, coupled with the unwillingness of current shareholders to sell, could trigger a massive short squeeze, reaching the old all time high earlier. And the macros seem to give further tailwinds.

    As always, this is not an advice, just my personal opinion/interpretation of the chart and the market activities.
    upload_2019-7-11_19-18-10.png
     
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  17. ev-enthusiast

    ev-enthusiast Active Member

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    Waiting for confirmation of breaking upper border of falling wedge right here at $238. I still see the downtrend intact.
     
  18. neroden

    neroden Model S Owner and Frustrated Tesla Fan

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    Is $243 confirmed enough for you?
     
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  19. Cherry Wine

    Cherry Wine Member

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    This post has not aged well.
     
  20. Antares Nebula

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    Well, it definitely broke the linear and log scale downtrend channel. Today was the day. A close under 235 would have kept it in the downtrend. This is a clear break at 245. Could definitely move higher now. But so hard to trade (I hold long term shares). After a 60 point run up, earnings coming soon, etc., I'm afraid to trade it. My gut says its going higher into earnings, but I wouldn't be surprised by a crazy head fake either.
     
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