Musk
TESLA (elliot wave update)Looking at past market corrections, 2020 is a new beast. There is absolutely nothing in history that had us crash this fast and this hard.
This leads me to believe that a bounce up should be higher. In my last TESLA update i did post this as secondary count.
I feel the SP500 index needs to go higher prior to retest of the lows, just looking at certain indicators like MACD and RSI things look too proportional, yes im expecting lower prices but it wouldn't make sense to have them right now. I still feel we are in heavily oversold conditions from the March drop. Major stocks of course will follow. The 2008 correction or the flash crash of 87' dont even compare to this, the great depression doesnt either. Yes it went down further, but over years, no correction in history dropped this far this quick.
What I feel is a probable count is a larger more complex correction. I still see lower prices in 2020, just not right now. A mini bull market? perhaps.
Not a financial advice, just my analysis.
Cheers,
TESLA (elliot wave update)Updated count of TSLA.
Tesla's correction should have been complete at the $650 range and .382 fib retracement but market panic elongated the correction.
So we have a failed impulse wave 1, which per elliot now becomes a wave X After an X wave we are looking for an impulse Y wave down consisting of 5 sub waves. Judging by the 30 min chart we seem to have completed 4 of 5 of the Y. The most logical bottom is now at the .618 fib level. So my best probability would place the bottom of the correction at $460-$510 range. On lower time frames I am seeing bullish divergences on MacD as well as RSI. If this move plays out, and if i was to look for a long, the Y low would be my stop loss as price should not go below it, if it does the whole count would have to change. Keep in mind panic in the market can change counts at any time. But this count is what elliot waves try to point at. This would be a fairly deep retracement for a wave 4 which i dont like in a WXY correction, however it does not violate the Elliot Rules, wave 4 is no where close to wave 1 interaction so we are well within elliot count looking for a potential wave 5 and finish of TSLA's bull run and new all time highs.
As always, not a financial advice, for your own good always protect yourself with a stop loss.
Cheers,
LONG TESLATHE ENTIRE STOCK MARKET IS ABOUT TO PUMP. I dont know if its going to be a dead cat bounce or have continuation. Its a good idea to reanalyze the situation when the INDEXES start to show weakness in automotive and energy sectors. I think this is going to coincide with a crypto pump to be had tomorrow. Like I mentioned before. I think the goal here is to make is appear as though there is a correlation between legacy markets and digital assets. We will just have to watch this in the following days.
God Speed
Elon Musk tweets about $DOGE Dogecoin, +7% for the coinBINANCE:DOGEUSDT
First tweet twitter.com
Second (comment) twitter.com
Tesla nearing topside parallelAfter longing the bottom of this pitchfork formation, TSLA has put in an impressive 5 wave rally to test the topside of this pitchfork.
Alongside this formation, tsla has breached 80 on the RSI again like it did back in November, and is 50% above the 200DMA for the first time since 2017
TeslaPeople shitting on tesla but every time i go out i see one of their cars and they are undeniably the best with their tech.
Disregarding what i think about tesla this looks like it could be a good setup and it wouldn't be the first time the stock has done something crazy.
Thanks.
TESLA REVERSAL - KEY ZONE PROVIDES BULL CASE SCENARIORSI & Stochastic are showing that TSLA is very oversold.
Extremely high support at ~$180 is within reach and is the key area for a reversal.
Long term uptrend line is also within reach and shows confluence with the key support level of $180.
LONG TSLA within the $180-190 region.
Tesla's undereastimated weaponFundamental:
Many investors are overlooking an important aspect of tesla:
The new Tesla Roadster(0-60mph in 1.9 seconds)(620 mi eletric range), which will be realeased approximately in the first quarter of 2020, creates a auspicious offer for every adrenalin junkie that isn't content with the 4.8 seconds from 0-60mph from a Porsche 911 Carrera.
Of course we have to look for the rising procurement costs of teslas battery recourses (cobalt,lithium,nickel,graphite). If those are getting to high tesla could have a slight monetary problem.
I think the demand of the Tesla Roadster is able to compensate their procurement costs.
Technical(see update)
--> If the market is able to stay above the support line of 180$ (Of course the USA-China-trade dispute has to find a end), Musk got one more chance for his really strong Brand-value to remain.
Elon we have liftoff in 5... 4...Landing Pad has confirmed structural integrity. Self-driving taxi fleet as a source of passive income avail in t-minus <1year.
Send it to 4k+.
Tesla opportunityFollowing the steep decline after breaching below the median line in this pitchfork, the lower slope has already been called up to act as support. Alongside this we have the 78.6% retrace off the feb 2016 lows to all time highs & a potential trend line
On another note, we haven't been this far below the 200 daily moving average since that february low. Currently 30% below it (red bars) and like february we're also at this lower slope... time to turn bullish?
$TSLA Pump or die $TSLA $TESLA$TSLA
If we don't jump anytime we will fall deep in to the low $200 and maybe even to $150 in next couple weeks.
Earnings result went in the price in the open markt, pre-market it did hold very well like my last post about $TSLA.
A lot of downside energy is being made, pump or die $TSLA.
You can consider short positions if we fail to jump on Friday.
Maximum target could be around $150.
It's crazy if you think that we are at the prices of 2017 back again, and maybe even go to 2016/15 prices. The company did way more innovations than you would think if you see the price.
$TSLA Reversal and 20% incoming?$TSLA Earnings did not really push the push in a direction. Another long incoming? Bounce of an earlier support zone?
TSLA / D1 : Bulls, Bears & speculators battling the supportHope this idea will inspire some of you !
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Kindly,
Phil
Bought $TSLABought TESLA .
Monthly support trendline support
260ma weekly support
If if dips further i'm just going to buy more!!!!!
teslaCoin domp eet Will Elon sit back and watch his net worth halve or will he take to Twitter to pamp eet with his tunnels and his Mars?
These are the questions of our lives.
Show must go on.
TSLA Is model 3 what investors are looking for?Is model 3 what investors are looking for? Definitely NO! Investors aren't fed up with Musk and his tweets, neither about his promises or SEC controversy. In fact, smart investors are waiting for revenue, to start being a profitable company, unfortunately, is taking too long. However, model 3 looks nice and cheap for a standard range car, but the narrative isn't about a cheaper car, delivery or whatsoever. People and Industry need a new way of thinking about electric cars. My targets are clear and intact, so I'll wait for the last one which is around 213.10 to reckoning a buying option (just if we see any).
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TSLA Elliott Wave: Incoming Correction, But Long-Term BullishHi Folks, here is a basic Elliott wave of Tesla's rise over the last five years. This is a nice, healthy, and evenly distributed 1-3-5 pattern, and we are currently in the ABC (or ABCDE) corrective wave. Basic structure resistance in the low 200's could be a great buy opportunity for your long-term portfolio to hold and appreciate over the next several years, but watch out for the continuation of the corrective wave over the next 6 months. For all the Musk haters, and people who say TSLA is going the way of the Dodo, that's just foolish. Musk always finds a way to get the job done and surprise critics and doubters. Institutional resistance to change in the traditional automotive market is predictably persistent. It takes decades for technological change to take root and overthrow an entire industry, there are countless historical examples of this, but just remember that 100 years ago or less, petroluem-fueled automobiles were NEW and available only to high society, UNTIL FORD came along and revolutionized mass-production. Still, it took several DECADES for the two-car household to emerge. Are there corollaries in the 20th century that can be applied to the future of this century? Hmmmm.. food for thought.
