Tesla
Snowflake - Is It Time To Stop Gambling On Chop?Snowflake, a Nasdaq company, has earnings looming post-market, which has IV on weekly calls and puts juiced to 150%.
Yet people are still gambooling on the next big instawin. The problem is you'll blow your account and won't need TradingView anymore and won't be able to have any fun in your community.
Really, a far better proposition if you want 5 and 8:1 odds on things that are like 10 or 20:1 against to hit is to deposit on a sportsbook and put the same risk into a 3-bet parlay on late season MLB.
If you're right you'll even get paid the same day and not have to mess around with charts and bars all day.
Snowflake is one of the tech sector dump casualties, but has never bounced.
The monthly shows very clearly we're simply sitting in $90 worth of range spanning almost a year and a half.
And while $90 in range is pretty good, the problem is that it doesn't pump. There will eventually be a change in market structure and the most likely target is under $110.
Weekly bars show us that the May low has been taken out before earnings, and this is a factor that is not consistent with bank/fund sponsorship to take out the highs.
Which hints to us that the largest players who can move the market of a company that is still valued at $49 billion while printing $650~ million in quarterly revenue are probably targeting the bottom of "the flag" and not the top.
While the failure swing at $190 forms a double top and becomes a target, the problem is that everything is set up, with Jackson Hole as the Federal Reserve and the world's most critical financial policy decision pending on Friday, to continue to correct and correct violently into the fourth quarter.
Nasdaq Futures - The Trend Is Your Friend, Until The End
Moreover, a lot of the worldwide economic situation is being heavily driven by what's going on Mainland China with Xi Jinping and the Chinese Communist Party he still hasn't thrown away.
Word in the Western media is that the regime's de facto state run corporations, for whatever reason, are sitting on something like $3 or $4 trillion in real estate debt that's about to explode in their hands.
There's still the problem of natural disasters like the Beijing floods, economic calamities like the International Rules Based Order jawing and chattering about "de-risking" from China, and the impact of the virus that has claimed many, many more people than the few hundred thousand the CCP has officially reported to John Hopkins for the official trackers.
Worst of all is the 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million spiritual practitioners looms over the head of the Party. Even though Xi isn't responsible for the persecution and hasn't participated, it was done by former Chairman Jiang Zemin and the toad faction nested in Shanghai-Babylon, Xi is the one with his head in the prisoners' box because he's now the Chairman of the Party.
And on top of that is an epidemic of arsons masquerading as climate change that have burned to death tens of thousands of hectares of trees and forests and their associated plants and animals.
This world is out of control, but it's not allowed to stay out of control for long.
And while it's on the brink, you're being told to get long by furus, Discord, Telegram, Wechat, Stocktwits, and Reddit, and are happy to take the bait, because you don't see the danger.
So here's what's up for SNOW on earnings.
A really likely theory is that it doesn't do much at all because the option sellers will just hold the price where it is in advance of Jackson Hole, let IV decline, collect all the premium from you as everything expires worthless on Friday and laugh.
And somewhere along the way, Snowflake will have a $12 retrace to bring in breakup traders and take out short sellers to $165. But this $165 will be another form of optimal short entry to target the $100 mark before Q4 expires.
If there's to be upside on this stock, based on the length of time and range of the chop and the specific price action amid the overall market and macro conditions, it would be a lot more likely to come after the lows get taken.
Be careful.
Long DCFCLong DCFC last few days, average price around $1.00. Pretty heavy. Chart is beautiful.....massive H and S reversal pattern. If Daily closes like this epic hammer candle. Electric vehicle narrative only going to heat up. TP is retirement (just kidding lol). Not advise, good luck.
Finding the support then moving upWeekly Chart
On this chart, Tesla NASDAQ:TSLA is still below the resistance and going down to support around $212
Daily Chart
Tesla has a key level around $212 and it's also in ascending channel so I expect price will bounce back when touch this level
Wait for next move around there
Tesla's stock has plummeted and broken the limit Tesla's stock has plummeted and broken the limit
This chart shows the weekly level candle chart of Tesla stock in the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, Tesla's stock has plummeted and broken the limit for three consecutive weeks, falling below the 2.000 level of the top to bottom golden section in the figure, and is about to hit the strong support of 2.382 level! For a period of time in the future, Tesla's stock will be judged by the top to bottom golden split of 2.382 ($185.2) as the long short divide, with a strong range above it and a weak range below it!
Tesla - What To Expect Until September?I heard something rather enlightening on Twitter recently, and it was someone who quoted some sort of analyst as pointing out "Tesla is its own market."
I think that's really correct, and really apt, especially in light of a recent analysis of the new JPM collar that dropped on Friday, where I anticipate a very violent and very major drop in the markets until Q3.
SPX/ES - An Analysis Of The 'JPM Collar'
The point is that Tesla can (and has; and will) go up or go down regardless of what the indexes are doing
This call is also a continuation of a very successful call I had on Tesla posted in February. Things took several months to pan out to the downside and then to the upside, but everything came to fruition:
Tesla - $250 Is Coming... Don't Lose Your Legs In the Bear Trap
The key thing with Tesla, especially for the long term holders who think this company has a $3 trillion valuation in it like Apple does, is the Q4 dump to almost exactly $100 was anything but bullish.
But fortunately, this "bearishness" has manifested in a significant bounce, and, in my opinion, the Party hasn't yet stopped here.
Speaking of "The Party," you have to be very careful with Tesla because Elon Musk decided to root a huge bulk of his company's production with a Gigafactory in Shanghai-Babylon.
This leaves this company open to exceptionally enormous geopolitical and fundamental risks as President Xi Jinping faces the possibility of having to dump the Chinese Communist Party overnight, any night, because of the battle against both the remnants of the Jiang Zemin faction inside China and the "International Rules Based Order" that's rooted itself in Taiwan.
To put it plainly, the IRBO wants to take over China using someone it has groomed from The Republic when the CCP falls, with the idea being to take down Xi with the Party.
The "Jiang Faction" is significant because it's the architect and conductor of the 24-year-long persecution and genocide of Falun Dafa's 100 million practitioners.
The sins are grave to the extreme and can (and will) be weaponized to put an end to the threats to Cathay.
With Tesla, I believe it's going to dump, and with some fury. And during the process, you'll hear a lot of FUD about blah blah fundamentals this, blah blah "can you believe how this ponzi is dumping people who bought $250 will be generational bagholders" that on social media.
You need to ignore all of that, because the day Tesla breaks $100 is the day Tesla is finished.
Moreover, Tesla is about to give you a buying opportunity in the $180 range. Remember that whole adage about "buy the dip"?
You're about to get the opportunity, again, but it won't feel very good because things will be scary and it will seem like everything is going to zero, and tomorrow.
Seriously, read the JPM collar post above.
Once the dust has settled, if the April lows remain intact, then the next target is the equal highs printed in July to September before the enormous sell off, amounting to nearly another two bagger.
But perhaps what Tesla really is aiming for is something Musk can get high on.
If by early September you see the price bouncing and try to short, it'll more or less turn out as bad as it did for NVDIA bears.
No matter how you complain about P/E ratios and market cap and comparisons to Ford and Toyota, the reality is, this is what a bearish market structure actually looks like in action.
The banks sell on red and buy on green.
You buy on green and sell on red.
It's a painful reality, isn't it?
Resuming the ascent.After that extended fall, which didn't actually last long, comes the continuation of the rise or simply the other shoulder of a head and shoulders pattern. I believe what we will see is that where everyone wants it to fall, it won't, and it will continue until completing the massive flag at $380.
$TSLA -The Best to Ever Race (Supports) -Taking in to consideration an investor's POV of positioning,
aswell the point of view of Swing Trader who like to keep positions opened.
You should know that NASDAQ:TSLA is not out of the woods yet !
Here the Strong Zones of Supports to provide you with discounted Buys and high probable long opportunity outcomes for Swing Traders
TA speaking;
-First Support push occurred today at the previous High, a key level (dashed white line)
-Support Trendline should play a key role on maintaining the price to proceed
heading lower in to South direction at S/R and 166.7$ marked key level.
These Support are very great Buying Zones for investors and as-well market speculators
so called traders.
Losing these support, would put NASDAQ:TSLA on a huge pressure position despite stock's share
price decline.
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any Trading Activity based Solely on this Idea.
✅TESLA TIME TO BUY|LONG🚀
✅TESLA is retesting a support level of 210$
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
✅Like and subscribe to never miss a new idea!✅
TESLA: $1,000 | Re visiting $240 zonenextflix took the lead.. a change of handler back to $214 and Tesla may follow
... for the next President of the USofA
turnover of float in play ...Distribution for SHORT
fundamentally at $1T market cap and CEO over spread .. it can only hold the hype or sentiment until BIG FUNDS start migrating to the NEXT TESLA or space
TESLA Retesting Strong Support! Buy!
Hello,Traders!
TESLA has hit a strong
Horizontal support level
Of 210$ after it lost
Nearly 30% of its market
Value so as the stocks is
Locally oversold I think
That we will see bullish rebound
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Swing Buy opportunity in LTIMEntry only when the 30min candle closes above 5113
TARGET: 5336
SL: 5012
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
TO CONNECT WITH ME CHECK OUT MY BIO.
If you like this Idea, Please do like my ideas and share it with your friends. check my bio.
Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis.
Thank you
TESLA BUYI think Tesla can move to 240-250 from here. The selling pressure in Tesla was very high, that's why we can't expect a strong upward trend from it, but we can use small reversals like this.
Also keep in mind that the price may move slightly lower and then move towards the specified targets, so don't forget to manage the risk.
Tesla at Key Resistance on earnings dayTesla NASDAQ:TSLA
Earnings today Wednesday 19th July (AFTER close)
A reminder that prior to a similar major megaphone breakout in 2019 resulting in 161% increase in 32 days, we FIRST had a 10% pull back off the upper megaphone resistance.
I believe this resistance at the $300 - $314 level for Tesla (See Chart). I am expecting a pause or pull back here of c.10% or more.
Eventually we should breach the $300 level and find support above $314. The trade becomes much safer then.
The 200 day is far away from price atm and we will revisit it at some stage. In 2019 we had a massive breakout of 161% and came all the way back down to the resistance level.... patience is king. If you intend on sitting through such a move, fine. If not and you want to pick a less stressful entry keep these things in mind and use my chart as helpful guide.
PUKA
Does Tesla Lowering Car Prices Concern Among Traders?Introduction:
In recent news, Tesla, the renowned electric vehicle manufacturer, has made headlines again by announcing a significant reduction in the prices of their car models. While this move may seem appealing to consumers, it raises concerns within the trading community regarding the potential implications for Tesla's stock value. In this article, we will explore the reasons behind Tesla's decision, examine the potential impact on the car market demand, and discuss a call-to-action for traders considering shorting TSLA amidst this situation.
Understanding Tesla's Price Reduction Strategy:
Tesla's decision to lower car model prices can be attributed to several factors. Firstly, as the electric vehicle market becomes increasingly competitive, Tesla aims to maintain its market share and attract new customers by offering more affordable options. Secondly, the company's ongoing efforts to streamline production and reduce manufacturing costs have allowed them to pass on these savings to consumers. Lastly, Tesla's long-term vision of revolutionizing sustainable transportation involves achieving economies of scale, which can be facilitated by lowering prices and increasing sales volume.
Potential Impact on Car Market Demand:
While lower prices may initially spark interest and boost sales, considering the broader implications for the car market demand is crucial. As Tesla reduces its car model prices, other manufacturers may be compelled to follow suit, leading to a potential price war. This scenario could decrease profit margins across the industry and impact the overall demand for electric vehicles. Moreover, with the global economic uncertainty caused by the ongoing pandemic, consumer spending patterns may be more cautious, further dampening the demand for higher-priced electric vehicles.
Call-to-Action: Shorting TSLA Amidst Dropping Car Market Demand
Traders, it is essential to closely monitor the evolving situation in the car market and consider the potential impact on Tesla's stock value. As the demand for cars, especially higher-priced electric vehicles, faces potential challenges, shorting TSLA could be a prudent strategy. By shorting TSLA, traders can profit from the anticipated decline in Tesla's stock value.
However, exercising caution and conducting thorough research is crucial before making any investment decisions. Analyze Tesla's financials, monitor market trends, and stay updated with the latest electric vehicle industry news. Remember, shorting a stock involves risks, and it is advisable to consult with a financial advisor or professional trader to determine the best course of action based on your individual risk tolerance and investment goals.
Conclusion:
As Tesla lowers car model prices, it is natural for traders to express concern about the potential impact on the company's stock value. By closely monitoring the evolving car market demand and considering shorting TSLA as a possible strategy, traders can capitalize on the anticipated decline in Tesla's stock value. However, it is crucial to approach this decision with caution and seek professional guidance to mitigate risks and make informed investment choices.
TSLA — Bulls, This Is Your Chance to Punish The Club-Footed OnesTesla over the weekend said its first much anticipated Cybertruck came off the electric vehicle maker’s production line in Texas. The debut of the long-delayed, futuristic-looking pickup truck comes in the lead up to Tesla’s second quarter 2023 earnings call.
Tesla CEO Elon Musk first introduced the Cybertruck in 2019, but vehicle production has repeatedly been delayed. The truck was initially scheduled for production and delivery in 2021, but Tesla has pushed back the timing since then, citing shortages in sourcing components.
In July 2022, Musk set a new production schedule for summer 2023. During Tesla’s first quarter 2023 earnings call, the executive also promised to host a delivery event for the Cybertruck towards the end of Q3.
Musk said at Tesla’s 2023 annual shareholder’s meeting in May that the automaker could deliver between 250,000 to 500,000 units per year once production begins. Mass production is scheduled for the end of this year.
Analysts will be on the lookout Wednesday during the automaker’s Q2 earnings call for firmer details on production, delivery and specs.
While Tesla has attributed Cybertruck delays to standard supply chain issues, leaked documents have revealed other fundamental flaws in the vehicle’s basic design and engineering. In January 2022, a whistleblower leaked 100 GB of files to German outlet Handelsblatt that showed preproduction prototypes had serious braking, powertrain, suspension, sealing and structural issues. The report, which detailed unfulfilled promises from Tesla, reminded many of the first Cybertruck reveal event, when the vehicle’s designer cracked the supposedly unbreakable armor glass windows.
As of November 2022, the Cybertruck had over 1.5 million reservations, according to a report from Electrek. Tesla customers have been able to put down a $100 refundable deposit to pre-order since 2019.
Tesla originally estimated the truck would start at $39,900 for the single motor and rear-wheel drive model, which would have a towing capacity of 7,500 pounds and more than 250 miles of range. That model is now expected to start at about $50,000, according to Kelley Blue Book. The dual-motor, all-wheel drive version could start at around $60,000, and it should have a towing capacity of more than 10,000 pounds and over 300 miles of range. The priciest version, starting at around $70,000, will have three electric motors and all-wheel drive, a towing capacity of 14,000 pounds and battery range of over 500 miles.
Tesla usually changes prices in the middle of a model year, so these prices may shift again before the end of 2023. Cybertruck buyers may be eligible for the U.S.’s $7,500 federal EV tax incentives.
Tesla’s pickup truck launch will bring the automaker into another profitable EV segment in the U.S. The Cybertruck will have to compete with electric pickups like Ford’s F-150 Lightning, which is available now with a starting price of around $60,000. Other upcoming pickups include the Chevrolet Silverado EV and the Rivian R1T. The Silverado EV Work Truck starts at $77,905 and can go 450 miles on a charge. Delivery is expected in the fall of 2023. The Rivian starts at $74,000, with deliveries for certain trims starting this summer.
Technical picture in Tesla stocks NASDAQ:TSLA indicates that bearish trend is over, and this is the last chance to jump on the footboard of Tesla rocket.
Bulls, This Is Your Chance to Punish All The Club-Footed Ones
TSLA | I Like This Entry Point | LONGTesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services. This segment also provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; purchase financing and leasing services; services for electric vehicles through its company-owned service locations and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners; and provision of service and repairs to its energy product customers, including under warranty, as well as various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
Palantir - Fear Worshippers of The All Seeing EyeI have to say that Palantir is a really difficult chart to read. On the one hand, looking at monthly bars, it's the kind of pattern which indicates new highs are in store.
Weekly bars are about the same. Nothing about this says you can short.
And its only that there's some divergences on the daily. But those divergences are really meaningful.
However, at the same time, although it's up some 220%+ from the bottom, the bottom did take out the IPO low, which is not bullish.
And these high prices are coming at a time when the Nasdaq and the SPX may very well have topped, which I address in my latest call:
SPX - The Sound of a Shattering Iceberg
Palantir is a company that is ostensibly a key component of the panopticon surveillance network that underlines the International Rules Based Order's version of the Chinese Communist Party's social credit system.
At least, this is what rightists would tell you. If you asked the people behind the West's implementation of social credit, they would say they just seek to advance an enlightened society while keeping stability and security under control, and big data collection is crucial to that.
Well, if you ask CCP members, they would tell you the same thing, just coated in Marxist jargon.
And therein lies the problem. Mankind needs to return to its 5,000 year old traditions, which were reared and established over China's long dynasties, instead of trying to go Big Atheism and reinvent The Wheel.
Regardless of if Palantir at its current $37 billion valuation is a part of the future or a part of the past and gone with the wind, the last three months of trading have been totally one directional.
Which makes wanting to get short very deadly.
However, conditions for a short setup that is at least a scalp were formed with the July high on the 19th.
The reason for this is that price swept a key level and was met with a stiff rejection, taking a pivot.
All on its own, in the stock market with the way it just likes to go uppy or grind sideways, this makes shorting or puts hard, still.
But what we saw is daily candles double bottom at precisely $16.00, with Friday's trading session being yet another big green gainer on the back of such a bottom.
And so, as Buffet said, one should be fearful when others are greedy, and greedy only when others are fearful.
So the trade is to short somewhere between where we closed on Friday and over $18.
When another dump occurs, where it dumps to will tell us everything about the future.
If Palantir is truly bullish to more upside, it will preserve the June low at $13.56.
If it's really bullish, it should even preserve the July low at $14.62
If it's bullish, but is going to take until 2024 to go higher, we can expect prices under $12.
If it's bearish, prices under $11 are the target, with an all time low on deck and about to hit everyone on the face.
Which do I think is the most likely? Frankly, probably a dump under $15 and a new high in August.
There's no other way to put it or look at it at the moment.
For things to be different, you'd need something like a banking crisis to intervene in the markets, a prospect I undertake here:
Charles Schwab - The Harbinger Of The Next Crisis?
I believe that, all things considered, the risk side of the trade right now is people who are longing this top, regarding it as a dip to buy, expecting more highs.
Because people have capitulated, become greedy, and have taken their eyes off the clock.
You should remember that you're just standing in an equities bear market rally while central banks have their key rates pinned over 5% and no intention to cut.
This is bad news for stocks, and yet people are being told indexes are set to make a new all time high.
Repricing to the downside can come violently, aggressively, be gappy, and will give those on the wrong side of the trade no chance to get out.
Be very careful.
Apple - So, You've Been Taught To Buy That Dip...Apple has really been, perhaps arguably, the key reason the bear market rally has been as extreme as it has in 2023.
Looking back to January, there really has not been even a single genuinely bearish day.
But with Q2 earnings as a catalyst, we now have signs of a genuine and significant reversal pattern, and at an all time high. It's very evident on monthly bars.
Weekly bars are even more obvious, showing that today, we took the July low, and there's no luft to the bounce.
Long is a bad trade and short is now a good trade, is what we're being told.
"The trend is your friend, until the end" is a saying with a lot of wisdom. If you can figure out you've ran into "the end" in the first few hours, then you really will be a lucky person.
A lot of people may be about to blow their accounts trying to buy that dip, which they've been conditioned to do so like Pavlov's dog and his bell.
Apple is a company that's maintained close ties, all these years, to the Chinese Communist Party. You should always remember there is a difference between "China" and "the CCP."
China is a 5,000 year old country with a culture of dynasties that were imparted since the Great Flood by the Divine.
The CCP is a 100-year-old Red Demon whose existence was arranged to destroy humanity, the Earth, and the Cosmos itself.
Xi Jinping has ruled both China and the CCP since 2012, and it's both a blessing and a curse for him. If Xi isn't intelligent enough to go Gorbachev-style and overthrow the Party in the middle of the US night, then Xi will go down in history as the leader of the rogue regime at the end, and will be responsible for everything it has done in history.
This includes the 24-year-long persecution of Falun Dafa's 100 million spiritual cultivators.
Although the persecution was started July 20, 1999 by former Chairman Jiang Zemin and conducted by the toad's faction all these years, and Xi has been killing and bankrupting the rogue faction's minions in the Anti-corruption Campaign, the problem with being tagged as the CCP's leader is that the head is always the first thing you cut off with the guillotine.
So, here's the thing for Apple.
I expect Apple to take the $176.93 July low, probably sometime next week, based on how the markets are reacting.
From there, we may see a retrace.
What this will indicate is that Apple's market, for the first time in 2023, has finally shifted bearish.
What this is the canary in the coalmine for is a significant correction. You can actually see this kind of pattern play out strongly in Amazon's monthly bars, which I comment on in their earnings pattern below:
Amazon - Greed, Just Like Speed, Kills
I anticipated that SPX was due for numbers as low as 4,420~ in the below call:
SPX - The Sound of a Shattering Iceberg
And so the setup with Apple is this:
Short any bounce, with a target of $174. Then, don't get greedy. Anticipate a bounce into the August 18 options expiry.
But that bounce may be no better than a flirt with $190.
From there, you can consider it a "Godshort" with a target below the 2022 $124 low.
And what I want to say is that if Apple has topped, everything is topped.
Everyone is greedy and blinded by greed, buying highs without fear. Buying highs without fear.
Buying highs without fear!
"We are fearful when others are greedy, and greedy only when others are fearful" is something Warren Buffett is notable for stating.
And although Buffett doesn't qualify as any kind of a good man, the Truth is the Truth, even if a toad states it.
Be careful. Things are about to change extremely quickly. Can you keep up? Can you enlighten to it?
Missing the chance, there may be no further opportunities.