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TSLA PT #1 $764.20 PT#2 $850.41 PT#3 $918.62We are already in absolutely overvalued, over extended, beyond parabolic, at the moon. But.... Thats tesla. Fundamentals do not matter at all in this stock and it has been gut wrenching accepting that. Tesla chart is not about Tesla the company, it is only about the candles and numbers on a screen. This making no sense, makes perfect sense. People are trading like they trade bitcoin. It does not actually represent anything tangible. Its simply a number that goes up on a screen and for that reason alone makes it more valuable.
Anyone who disagrees and thinks this represents teslas valuation is delusional.
Book me more shorts!!!The entire travel indrustry is firing people.. so how do you expect global tourism would look like in 2021? you might say well they will travel domestically... sure but the available income for the majority of people using booking platform is gonna be less + the fear that older people have... Do you think the vaccine will be ready this year? i dont'... Also someone who invests in this industry will have to buy onto airbnb's IPO
TSLA to $540Tesla keeps following the same exact pattern. runs up $65, falls back. runs up $65, falls back. TSLA will most likely be included in th S&P 500 this week which will most likely rocket the stock to even more ridiculous levels. My price target is $540, but... For some reason, I feel this is going to $700. we shall see
Debit spreads
NVDA to $600The stock market is insane right now. I anticipate one last ridiculous run before we end up crashing. the closer we get to the election, the more greedy people are going to start getting and the ensuing drop will happen. I picture some consolidation for NVDA over the next couple days and then a possible run to $600 next week. We have mild support at $535, and then support at $516. Breaking with confirmation above $559 should verify our next move higher. Currently at top of trend channel
TSLA to $2500 post splitBeing a fundamental person, this drives me insane seeing how high tesla is. I think I have finally accepted that Tesla stock just doesnt care about balance sheets/ profit. Tesla from a technical standpoint however should continue to ride this parabolic trend to roughly $2400 by august 31st split. I anticipate a touch and go on Monday as tesla always seems to do. Tag $2000 and just start another crazy run. If we fail, we should fall back towards $1900 and most likely consolidate upward until the split. If this happens, I am looking at tesla having a split to make it $420 (because thats what elon wants). The week after the split tesla should very quickly run to $500 because of all the young robinhooders that want to pile into the now "cheap" stock.
Then we crash.
MORE RALLY TO COME SP TO 3050 CHART IS THAT OF THE NYSE BASED ON AN ALT WAVE STRUCTURE AND THE FACT THE 3 /21 MAJOR CYCLE LOW CAME IN ON 3/23 AND THE LOW WAS .382 2020 TO DEC 1974 LOW AND THE APRIL CYCLE LOW CAME RIGHT ON TIME .THE FAST THE MAY 10 TO 23 RETEST LOW FAILED .I MUST VIEW THIS AS A VERY BULLISH PHASE STILL TOO MIN 3050 I AM ALSO SEEING AN BULLISH WAVE STRUCTURE IN DJT NOW FOR TRUCKING AND GROUPS LIKE CAT MRK AND MORE SO I AM BACK NET LONG CALLS ALSO IN AXP MA V CAT MRK
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GBPUSD Fundamental Analysis – September 19th 2019Here are the key factors to keep in mind today for British Pound trades:
UK Retail Sales: UK Retail Sales for August are predicted to decrease by 0.3% monthly and to increase by 2.3% annualized. Forex traders can compare this to UK Retail Sales for July which increased by 0.2% monthly and by 2.9% annualized. UK Retail Sales Including Auto and Fuel for August are predicted flat at 0.0% monthly and to increase by 2.8% annualized. Forex traders can compare this to UK Retail Sales Including Auto and Fuel for July which increased by 0.2% monthly and by 3.3% annualized.
Bank of England Interest Rate Decision, Asset Purchase Target and Corporate Bond Target: The Bank of England is predicted to keep interest rates at 0.75%, the Asset Purchase Target £435B and the Corporate Bond Target at £10B. Forex traders can compare this to the previous Bank of England meeting where the UK central bank decided to keep interest rates at 0.75%, the Asset Purchase Target £435B and the Corporate Bond Target at £10B.
Here are the key factors to keep in mind today for US Dollar trades:
US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of September 14th are predicted at 214K and US Continuing Claims for the week of September 7th are predicted at 1,672K. Forex traders can compare this to US Initial Jobless Claims for the week of September 7th which were reported at 204K and to US Continuing Claims for the week of August 31st which were reported at 1,670K.
US Philadelphia Fed Business Outlook: The Philadelphia Fed Business Outlook for September is predicted at 10.5. Forex traders can compare this to the Philadelphia Fed Business Outlook for August which was reported at 16.8.
US Current Account Balance: The US Current Account Balance for the second-quarter is predicted at -$127.4B. Forex traders can compare this to the US Current Account Balance for the first-quarter which was reported at -$130.4B.
US Existing Home Sales: US Existing Home Sales for August are predicted to decrease by 0.7% monthly to 5.38M. Forex traders can compare this to US Existing Home Sales for July which increased by 2.5% monthly to 5.42M.
US Leading Index: The US Leading Index for August are predicted to decrease by 0.1% monthly. Forex traders can compare this to the US Leading Index for July which increased by 0.5% monthly.
Should price action for the GBPUSD remain inside the or breakdown below the 1.2440 to 1.2525 zone the following trade set-up is recommended:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position @ 1.2470
Take Profit Zone: 1.2210 – 1.2310
Stop Loss Level: 1.2555
Should price action for the GBPUSD breakout above 1.2525 the following trade set-up is recommended:
Timeframe: D1
Recommendation: Long Position
Entry Level: Long Position @ 1.2575
Take Profit Zone: 1.2705 – 1.2780
Stop Loss Level: 1.2525
GBPUSD symmetrical triangle Trade. "In the name of Allah, the Most Gracious, the Most Merciful".
GBPUSD symmetrical triangle Trade.
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan.
Analysis of GBPUSD 13.06.2019 by PaxForexAnalysis of GBPUSD 13.06.2019 by PaxForex
The price is below the moving average of 20 MA and MA 200, indicating the downward trend.
MACD is below the zero level.
The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.2650
• Take Profit Level: 1.2600 (50 pips)
If the price rebound from the support level, you shall follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.2700
• Take Profit Level: 1.2730 (30 pips)