TSLA Technical Analysis

[ShortSeller]

It’s not that we “don’t want to hear it”. It’s that every single Elon prediction about positive cash flow and profitability has proven to be wrong in the past.

Mod: False to the facts, as has been pointed out before. Not acceptable behavior even in your own thread. --ggr

 

[MacRocket]

Lovely $tsla 5 year chart.
Beautiful uptrend channel.
Williams R is -93%.
Break to the upside is imminent.

 

[MacRocket]

Tesla 5 year chart.
Williams R now -96%
Long uptrending channel indicates-:
1)Long’s downside risk $40.
2)Short’s upside risk $145. I would rather be long. A short term bounce is expected.

 

[MacRocket]

Today’s 3 month TSLA chart.
Something has to give soon?

 

[MacRocket]

Tsla is respecting the uptrend line nicely even on a bad macro day

 

[Sudre]

Now can we break the downtrend line tomorrow?
I feel a little excited. Can't wait to see it play out.

 

[avoigt]

The 200 MA has proven to be a strong support tested 3 times in 5 years now and always did hold. The current battle is now around the lower channel support/resistance at 288. Despite the correction in the last 4 month the upwards trend is intact and that is our friend.

 

[Curt Renz]

On Wednesday last week TSLA jumped sharply above its 50-day Simple Moving Average on heavy trading volume while closing near the high of day. Today (Monday) it hopped nicely above its 200-day SMA, again supported by volume and finishing not far from the high of the day. Good technical signs.

 

[sundaymorning]

On Wednesday last week TSLA jumped sharply above its 50-day Simple Moving Average on heavy trading volume while closing near the high of day. Today (Monday) it hopped nicely above its 200-day SMA, again supported by volume and finishing not far from the high of the day. Good technical signs.

The jump and new price levels appear to be sustainable due to recent developments in reaffirmation of 5k, positive cash flow and FSD capabilities. Until proven otherwise, my assumption is that we are headed upwards until the next resistant level of $360.

 

[neroden]

An Elliot wave analyst thinks we'll run up to $460 and bounce off it. Thoughts?

https://www.tradingview.com/chart/TSLA/bUDiOuyW-UPDATE-The-anatomy-of-a-perfect-trade-TSLA-24/

(I only ask out of curiosity; I am really a fundamentals investor, not a technical trader)

 

[WarpedOne]

Go away from elliot waves, they tell you exactly and whatever you want to see with 0 predictive power.

 

[neroden]

Go away from elliot waves, they tell you exactly and whatever you want to see with 0 predictive power.

I tend to agree, but since someone actually made a prediction, I'm going to watch it and confirm your belief that they have no predictive power

 

[WarpedOne]

The case is simpe: EWT is not a secret, it is used with some success and,some failure, during time they mostly cancel out.
Same as with monkeys making buy/sell orders.
Funny thing is monkeys generally outperform many investors and analytics.
The trick is to lead, not to follow. It is hard to lead, it is easier not to follow. Make a buying schedule and just accumulate.

Win.

 

[Curt Renz]

CNBC after today's closing. Charting of Tesla begins at the 1:11 mark.

These are the surging tech stocks to buy right now, technician says

 

[Curt Renz]

I originally posted this in the Market Action thread, but it may bear repeating here.

Cramer on CNBC - about 80 minutes ago: Cramer: Tesla's stock still has more upside—just use the right chart

 

[Curt Renz]

The low today was $346.27, two cents above the low over the past six trading sessions on Tuesday. Also barely under the opening last Thursday which was near the previous day's high. Let's keep an eye on this level. If it holds, it could be the launch point to resume the uptrend.

 

[Curt Renz]

Technical analyst Tim Ord was a regular guest of mine on my TV show. At the market close today he officially returned to being long the S&P 500 (SPX). Below is a chart he included with that announcement. His website is at: Ord Oracle - Home

 

[Curt Renz]

Technical analyst Tim Ord was a regular guest of mine on my TV show. At the market close today he officially returned to being long the S&P 500 (SPX). Below is a chart he included with that announcement. His website is at: Ord Oracle - Home

Today's plunge caused Tim to close his long SPX position after only one day.

For monitoring purposes: Sold long SPX on 6/25/18 at 2717.07=loss 1.37%.
Did hit a previous target near 2700 range. Should have seen higher tick and trin closes today to produce higher panic where bottoms are formed. Still see bottom close but appears not to be today.
All the best,
Tim Ord

 

[smorgasbord]

Technical analyst Tim Ord was a regular guest of mine on my TV show. At the market close today he officially returned to being long the S&P 500 (SPX).

Given today's market trouncing, it appears he was at least 1 trading day early.

 

[mershaw2001]

I thought today was quite positive for tesla. Two or three times we entered into positive territory during the day. I know Defc0n is looking for something around 318 as a bottom, but I've been looking for something around 330 to add back on leverage. I think the option premium is very high here so I might enter with covered calls for the following week:

+100 TSLA shares, short a 340 call for about 11 dollars. with an expiration of next friday (11 days). This gives me a little coverage to the downside in case tesla moves down 10 or so dollars. And I think we are getting enough hints that 5000 might be in the works.