TSLA (Tesla Inc.) has broken down below this uptrend line after recently putting in a divergent high (negative divergences). As there has been quite a bit of interest in the stock recently, including this chart & short entry (via put options) posted by @shambo just over a week ago, I figured that I would share my thoughts on the stock, including some price targets. The daily chart below outlines my likely scenario for the stock with the first target/support level coming up soon around the 327.40ish level, where a reaction is likely if/when that level is reached. TSLA daily July [...]
Fundamental & technical analysis on a few key sectors including the automakers, biotechnology, semiconductors, technology as well as the volatility indexes. The following stocks & sector ETFs are covered in this order: F, GM, TSLA, TM, XBI, IBB, PBE, SMH, XSD, SOXX, XLK, TECS, $VIX & $VXN.
Last week I had updated the Long Trade Ideas by removing any trades that had either reached their final profit target or exceeded their maximum suggested stops. I am now turning my focus towards updating the Short Trade ideas by first removing the following trades that have either exceeded their suggested stops or no longer look compelling from a technical perspective. ALK- After hitting the second price target for a 17% profit on Feb 2nd, ALK immediately reversed and went on to exceeded the original suggested stop of a daily close above 80.00 on March 11th. For those still short or [...]
The suggested stops and price targets for the TSLA (Tesla Motors Inc) Trade Setup & Active Trade idea has been added to this 60-minute chart.
The following daily & 60-mintue charts outline entry criteria for a trade in TSLA (Tesla Motors Inc) as well as suggested stops and price targets.
TSLA daily Jan 5th TSLA (Tesla Motors Inc) hit sole price target of 206.20 was hit for a 17.6% gain on Dec 9th. Although TSLA will likely hit at least the bottom of the target/support zone, this trade is now completed so consider booking full profits and/or lowering stops. This trade, just as with the previous short trade on TSLA which also hit the sole target for a 17%+ gain in late 2013, was based not only on a bearish chart pattern & trendline break but also used short interest data in order to help confirm that a near-term reversal [...]
TSLA daily Sept 23rd My notes & thoughts on TSLA virtually mirror the previous short trade on TSLA, just over a year ago today (which, fortunately, was the only other time I shorted this beast of a stock). TSLA was added as a short entry back then on Sept 13th, 2013 at 162.55 and went on to hit the top of the target zone for a 17.2% gain less than 2 months later and continued on to the bottom of the target zone for a 22% gain before reversing & continuing the bubble uptrend in the automaker. The basis [...]