TESLA BULLISH 1600BOLLINGER BANDS-Indicate that we are in the lower spectrum if the osciillation which leads to the price usually heading upward.
Price is also hitting and hoovering around a famous 1433-1448 price range. If it breaks the 1448, we can expect a strong upward movement.Usually this is the region where institutional investors get involved. For more accuracy, add volume session to see if it makes sense
Force index indicates that bearish movement had very low volume despite a 100 usd price drop. This means that the drop is not supported by many participants and therefore we should expect the price to head upward.
RSI- was changed to 8 in order to reflect a short term movement. Despite that, we should also pay attention to the fan lines indicated in green. If the price does end breaking through all three lines, we will be in a strong close to 2000 price up trend.
Teslamotors
🍻 Focus In On The Next Longterm Tesla Play!2 day chart showing doji compression after an overextended move.
If you know me, you know these are the type of opportunities when I look for the next long term investment.
Daily red a cross the board on all indicators, 2 day is shifting red on the ema dots. The 15 ema dots on the bottom still trying to make its transition.
I currently have a lot of size sitting in on dow jones index short as it is playing off previous high.
The name of the game. Find the trend reversals and play with good risk management.
I believe 1432 is a good level to keep an eye on for a breakout to see how exhausted this move really is.
Best of luck.
Bullish Charts - Coil, Pennant, Flag - Vans with DronesWorkhorse Group Inc. designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Its products include electric cargo vans, and medium and light-duty pickup trucks, as well as HorseFly delivery drones systems. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
Today, there was an article on Dow Jones talking about Workhorse Pairing Vans with Drones to Drive Deliveries.
www.barrons.com
On 07/24/20, there was another article, "Trucks of the Future." & "Electric Trucks are the Future."
workhorse.com - Beautiful Electric Truck
On 07/23/20, Workhorse reported a purchase order for 20, C-1000 Electric Delivery Trucks.
On 07/21/20, Workhorse talks about supplying electric trucks to the Postal Service.
Does the news get any better?
Yes, on 07/14/20, Workhorse announces Ryder will now offer the C-1000 All-Electric Step Vans for rental locations.
On the Daily Chart, it looks to me like it's flagging, Bullish
To some, it might look like an uptrending coil or a Bullish Pennant.
No matter how you look at the daily chart, it looks to me like a very Bullish setup.
RSI is turning up, Bullish
OBV is turning up, Bullish
Stochastic is turning up, Bullish
Accumulation is Bullish
I see big things coming for this company!
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Love TSLA, but $5k may take longer than most are prepared forA lot of people have been caught off guard by Tesla's massive rally, but one look at the historical chart shows you that TSLA has done this before: In March 2013 it took off on a +600% rally, most of which was gained in 3-4 months. Strikingly similar fractal to the current run.
Now we are hearing calls for TSLA to hit $3k, $4k, $5k coming soon. But what most people may not be ready for: if this fractal to 2014 continues playing out, we are looking at almost 5 years of sideways before the next massive run up to the $5k area.
I love TSLA and have held from 2019, but not overly optimistic on the near-term or even mid-term gain potential.
TESLA will be included in SnP500 (Bullish breakout expected)Tesla reported its fourth quarterly profit in a row Wednesday, positioning the electric-car maker as a leader in an auto sector that has struggled during the pandemic, and clearing the way for the stock to join the S&P 500. For the second quarter of 2020, Tesla made $104 million in net income on more than $6 billion in revenues. That beat forecasts by Wall Street analysts who had anticipated a loss of nearly $250 million and revenues of $5.4 billion.
Based on some calculations, approximately 20% of the outstanding Tesla stocks will have to be purchased by those index funds trailing SnP500 and they can purchase it anytime before or after SnP announces that Tesla will be included in the index.
There is also quite alot of shorts opened (people betting against Tesla) against Tesla (approx $20 billion) which means if market pumps today, those shorts trader will have to buy back some Tesla shares to exit their positions.
Therefore, i'm quite bullish on Tesla for this short period time and although it is overvalued if you look at their market cap compared to their profits, market forces in the trading market will push this stock up for the time being.
Tesla Earnings, where to? VOLATILITY ahead!FA:
Tesla has been parabolic the past few weeks and has formed several new highs; the release of the earnings is bound to create volatility both ways.
Option traders are using a straddle strategy where they are predicting a move of $200 in either direction with the use of the SAP volatility INDEX (VIX) which we can see sometimes does correlate with the volatility of Tesla.
Bulls expect the S&P 500 inclusion for Tesla to be confirmed as they have reported profits which may lead to high volatility.
TA:
News could already be factored into the current price and thus can expect a retracement at market open.
If Tesla breaks above the resistance for the previous high, then we can expect it to form new ATH if not then we can expect it to retrace and perhaps fill the lower gaps although unlikely.
-Megalodon Whales
(Rahim)
Enjoyed doing this chart for you, you are welcome to post your own ideas and comment below :) NASDAQ:TSLA MIL:TSLA SWB:TL0 BMV:TSLA
TESLA - Technical levels looking neat!!!I don't trade stocks as much but the technical levels are clean on Tesla. It does seem like a bubble looking chart but let's keep in mind the key resistance areas and support areas. If we go pass that trend line - Perhaps of your choice - take the bear trade down. However, at this moment BULLS are still in control. We must be patience with our analyse - put alerts on or orders!
REMINDER: Just a trade idea - not a recommendation.
Analysis on Tesla Stock RallyMany people are looking at Tesla's stock currently because from March till now, within a period of 4 months, it went up approximately 5x which is rarely seen in the stock market.
Tesla is a huge company but it has never yet made profits for four quarters in a row, and thus isn’t eligible for inclusion in the S&P 500, the world’s most tracked index. If it manages to show a profit for the second quarter, then it will have passed that threshold, and the committee that oversees the S&P 500 would probably add it to the index sooner rather than later.
Tesla's market cap is currently at $275 billion. With only having less than 10% of Toyota's revenue, Tesla market cap is currently approx $50 billion higher than Toyota's. I feel Tesla is probably overvalued now and is primed for a crash soon. Think it will hit support at around $1,000 price point.
!TSLA Short Squeeze; -7% from ATH's & new record ROCOff -7% from the all time highs earlier, the stock continues to get chased by money speculated from contractual derivative markets, with call-prices being offered as high as $3k for next week, which has faded in a way that signals the momentum has slowed, which is a danger for all of those holding calls or who wrote puts.
17:10:49 (UTC)
Mon Jul 13, 2020
TESLA price actionNASDAQ:TSLA
Tesla is now long due for a correction. Watch out for those lower high.
Though there are some selling opportunities I will recommend to wait and buy at a better price instead of going short.
NOTE: Going short on an underlying security has a limitless risk of losing money