Tesla Motors (TSLA)
NIO on the road to a new ATHchannel drown in January, fib in October 2019... With the heavy demand in a new Tesla, NIO could be up for a gold rush if they manage record numbers in June (once again after May).
I consider NIO as the only real competitor to Tesla and take them more seriously since they have refocused their strategy last year.
Bonus: Opposite of that scam that is Nikola (NKLA)
TSLA Correction PossibleTSLA support is seen around 687 and may consolidate if support is strong at that level. If it breaks support it will correct sharply.
Tesla long ,,Critics welcomed ,please do comment Tesla buy limit entry ,on retracement back to the support with stop loss below support zone ,
target 30 points.
TESLA WeeklyThis stock has been showing so much promise but there seems to be no impact on its ability to head higher . The last few weeks it has been attempting to tread to a new high only to meet with supplies. AFter forming a Type 2 negative divergence the prices are swiftly heading lower. Now with the breach of the support trendline we could be looking at some selling interest stepping into the counter. One should look to sell this counter in the coming days.
Tesla Making WavesTesla has been moving steadily following a wave like pattern over the last three years. This involves rising wave followed by channel movement. The movement of the stock one direction or the other is very swift indicating high volatility of the stock. The weekly charts show a similar trend. The RSI is currently oversold and long term trends show a slow down in the strength.
I will short at this position, with a downward potential upto 174. 240 would be stop loss for this stock.
