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. hershey101

    hershey101 Member

    Joined:
    Jan 22, 2013
    Messages:
    950
    Location:
    New York, New York, United States
    Yep... I think the play has been played out... we got awful close to $1897, the 261% retracement of the precovid price to march lows... and now looking for a retracement down to $1300 level
     
    • Informative x 3
  2. Artful Dodger

    Artful Dodger Supportive Mentor

    Joined:
    Aug 9, 2018
    Messages:
    6,360
    Location:
    Canada
    Nailed it. ;)

    Cheers!
     
  3. Right_Said_Fred

    Right_Said_Fred Moderator

    Joined:
    May 11, 2012
    Messages:
    3,183
    Location:
    The Netherlands
    I find flags to be one of the more reliable TA patterns. And to answer the question of @vwman111, in my experience the time frame of the movement after the flag usually last as long (or even less long) as the move up to the flag. Which was the case this time.

    Now if I had just traded more on my 'wisdom'... Thought about buying calls, but found them to be too expensive. And I don't like buying stuff, I'd rather sell. So I sold puts along the way, which did well (except for the ones at the top, but I'm still positive about those too).
     
  4. hershey101

    hershey101 Member

    Joined:
    Jan 22, 2013
    Messages:
    950
    Location:
    New York, New York, United States
    Cross-posting from Paydirt's Options guide thread.

    $1300 would be an excellent spot to add running into earnings.... Keep an eye out for that to act as support for the rest of the week... 161.8% retracement, 13/21-day EMAs and a decent amount of volume traded hands in that area last week... If we breach $1300 on the downside, I don't see a lot of support till $1k which would be a retracement and back-test of previous ATHs. I don't think this comes into play pre-earnings unless the macro env. absolutely pukes $SPY <$307, and $QQQ <$248 on close.

    Keeping an eye here to add, with tight stops in place in case macro env changes direction.

    [​IMG]
     
    • Informative x 2
  5. MABMAB

    MABMAB Member

    Joined:
    Jun 19, 2019
    Messages:
    302
    Location:
    Mulligan's Valley
    Closed at an all time closing high today!
     
  6. EV Promoter

    EV Promoter Member

    Joined:
    Nov 30, 2019
    Messages:
    150
    Location:
    Europe
    Can i ask you if you see any support around @ $1400, for the days till the earnings?

    In case of negative earnings: macros apart, and taking in consideration the lack of support btw 1300 and 1000, do you see the effect of a negative Q2 (for sure, of a small qty) bringing a landslide such -$300, delays on SP500 taken in consideration?
     
  7. hershey101

    hershey101 Member

    Joined:
    Jan 22, 2013
    Messages:
    950
    Location:
    New York, New York, United States
    For the past few days it looks like $1450-$1500 has been serious support that's not being breached... We may never get down to $1400, let alone $1300...

    If there's a negative Q2, I do believe we could see $1k again... Pushing below $1k and staying that low may prove to be difficult but it's hard to say. My personal valuation of $TSLA puts it's ideal valuation price around $700-$750, but given that we've printed infinite money, and there are no alternate yields everyone is willing to pay for 10 years of earnings now so...
     
    • Informative x 1
  8. Curt Renz

    Curt Renz Well-Known Member

    Joined:
    Mar 5, 2013
    Messages:
    5,433
    Location:
    Chicagoland
    Technical analyst Tim Ord was a regular guest of mine on my old TV show. Below is what he wrote shortly after the close today regarding his latest opinion change for the S&P 500 (SPX).

    For monitoring purposes: Long SPX on 7/17/20 at 3224.73.

    Trin close 1.70; Tick close -252 which is a bullish combination.

    All the Best,
    Tim Ord
    Ord Oracle - Home
     
    • Informative x 2
  9. tivoboy

    tivoboy Active Member

    Joined:
    Jun 12, 2018
    Messages:
    1,426
    Location:
    palo alto, ca
    NQA this is a breakdown.. put in orders with a 9xx.. then 7xx. We’ll probably certainly get a bounce under 1K, but I think for sure we’re going to see sub that between now and 10.1.20
     
  10. ZenMan

    ZenMan Member

    Joined:
    May 26, 2013
    Messages:
    336
    Location:
    Littleton, CO
    I'm sorry I don't follow. Are you saying TSLA is in a stock price breakdown? Ran too far too fast and even with Q2 profit, the stock is likely to reverse to sub $1000 by October 1st?

    You had good reads of stock movement in the past so I'd value your current thoughts.

    Thanks.
     
    • Like x 3
  11. Curt Renz

    Curt Renz Well-Known Member

    Joined:
    Mar 5, 2013
    Messages:
    5,433
    Location:
    Chicagoland
    Craig Johnson is a managing director and technical strategist at Piper Sandler (formerly Piper Jaffray). He was a regular guest of mine on my old TV show, and still sends me his newsletters. In early 2003 he recommended TSLA, which led to my first purchase at $38.

    This morning Craig’s colleague Alexander Potter reiterated his BUY rating on TSLA and raised his price target from $2322 to $2400.

    Below is what Craig wrote this morning:

    Tesla Inc (TSLA - $1592.33); Indicated higher this AM; shares are ST consolidating near record-highs; well-extended above the 10-/30-week WMAs; RS has climbed to multi-year highs and notable TechniGrade ranking; use pullbacks as buying opportunities.
     
    • Informative x 3
  12. Curt Renz

    Curt Renz Well-Known Member

    Joined:
    Mar 5, 2013
    Messages:
    5,433
    Location:
    Chicagoland
    I just discovered that Craig was on CNBC this morning, shortly before I received his newsletter by email. He doesn't discuss Tesla in the video, but it gives you a good idea of how he is thinking.

     
    • Informative x 4
  13. Curt Renz

    Curt Renz Well-Known Member

    Joined:
    Mar 5, 2013
    Messages:
    5,433
    Location:
    Chicagoland
    Craig Johnson is a managing director and technical strategist at Piper Sandler (formerly Piper Jaffray). He was a regular guest of mine on my old TV show, and still sends me his newsletters.

    Below is what Craig wrote this morning regarding the macro-market:

    In summary, the reality of a potential bumpy road to recovery caught up with equity market momentum last week. Uncertainty over the path of the COVID-19 outbreak, a looming fiscal cliff, and rising geopolitical risk with China prompted some of the recent profit taking pressure. However, we do not expect momentum to meaningfully stall based on a backdrop of unprecedented global stimulus and continued progress toward a virus vaccine. The technical setup for the broader market remains constructive and currently indicates near-term weakness should be bought. We reiterate our year-end price objective on the SPX of 3,600.
     
    • Informative x 2
    • Helpful x 1
  14. Curt Renz

    Curt Renz Well-Known Member

    Joined:
    Mar 5, 2013
    Messages:
    5,433
    Location:
    Chicagoland
    Technical analyst Tim Ord was a regular guest of mine on my old TV show. Below is what he wrote shortly after the close today regarding his latest opinion change for the S&P 500 (SPX).

    For monitoring purposes: Long SPX on 7/30/20 at 3246.22.

    Tick and trin reached extremes.

    All the Best,
    Tim Ord
    Ord Oracle - Home
     
    • Informative x 2
  15. Curt Renz

    Curt Renz Well-Known Member

    Joined:
    Mar 5, 2013
    Messages:
    5,433
    Location:
    Chicagoland
    Craig Johnson is a managing director and technical strategist at Piper Sandler (formerly Piper Jaffray). He was a regular guest of mine on my old TV show, and still sends me his newsletters. In early 2003 he recommended TSLA, which led to my first purchase at $38.

    Craig’s colleague Alexander Potter has a BUY rating on TSLA with a price target of $2400.

    Below is what Craig wrote this morning:

    Tesla Inc (TSLA - $1487.49); Shares are consolidating within a bullish flag formation; extended above the 10-/30-week WMAs; RS has climbed to multi-year highs and notable TechniGrade ranking; a close above $1,645 should open the door to a new leg higher; add to positions on a topside breakout.
     
    • Informative 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