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Telsa

TSLA Weekly: Support and ResistantSupport and Resistance Hi there, Is it time to buy TSLA? Need to watch Nasdaq closely on profit taking pattern from traders. Buying TSLA at the 200 Week line has always been a good investment for buy and hold. Support: 200 Week MA $271. Resistance: $379 Stochastic: oversold RSI: Bulls lost the 50 territory and bears have upper hand on momentum Trade Setup: Our suggestion is to wait and see how the broader stock market handles the overbought signals and profit taking pattern from traders. Review market context when stochastic flashes a buy signal and if you want to own TSLA on a long term buy and hold this is a good zone. However, if the 200 Week MA support breaks we could see prices drop between the 100% to 127.2% retrace ($248-$212) in the medium term. Regards, Bobby
NASDAQ:TSLA
by UnknownUnicorn1615160
Tesla Elliott Wave View: Favoring More Downside To ProceedHello Traders, TSLA short-term Elliott wave view suggests that the rally to $317.51 high ended blue wave (X) bounce. The internals of that bounce unfolded as zigzag structure where red wave A ended in 5 waves at $302.64 high. Down from there, red wave B pullback ended as a Flat at $260.56 where lesser degree black wave ((a)) ended at $275.50. Black wave ((b)) ended in 3 swings at $315 high. And black wave ((c)) ended 5 waves decline at $260.56 low. Up from $260.56 low, a rally to $317.51 high in 5 waves ended red wave C & also the blue wave (X). Down from there, Tesla has made a new low below 9/07/2018 low ($252.25) confirming the next extension lower in blue wave (Y) lower. Where initial decline to $249 low ended 5 waves in black wave ((a)) of a possible Zigzag structure. Above from there, the stock is doing a bounce in black wave ((b)) in 3, 7 or 11 swings. Near-term, while bounces fail below $317.51 high expect the stock to fail for more downside. We don’t like buying it as the right side is lower & calling more downside against $317.51 high.
NASDAQ:TSLAShort
by Elliottwave-Forecast
Long Term Ascending Triangle but Watch that Support!It's tough to imagine being anything but long-term bullish on Tesla. There's strong resistance at $400. May consider buying more if it ever breaks, but with the recent news that Tesla will remain public, it could be a while before that happens. Until then, I may buy on dips, but don't expect any huge short term gains. I'm in it for the Tesla mission. However there's always that chance that it breaks early and we can start talking about TSLA at $4000 in a few years. The only reason we're not seeing exponential growth already, is because fossil fuel shorts. They don't care if they lose money shorting Tesla. As long as they get to keep their pundits in the media, spreading FUD, their mission is accomplished. They know their days are numbered, but they're still cashing in while they can at everyone else's expense. If you're smart, you can see through the bullshit and noise. Will be keeping a close eye on that ~$290 support. If it breaks below in a big way, that will become the new resistance. If that happens, the planet loses, we all lose.
NASDAQ:TSLALong
by rbownb
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