TSLAIs this the end or picture abhi baki hai?
follow through after much after bounce could be the turning point.
TL0 trade ideas
TESLA Short, Head & Shoulder TOP!$TSLA aka Elon Musk's Tesla
CMP= $204.99
Attached: Weekly Price Chart as of 14th October, 2022
- Price has triggered a Head & Shoulder TOP Pattern Breakdown
- Tesla still has a PE of 74 which is Overvalued and Expensive compared to Peers and Unsustainable in a FED Tightening Environment
Elliot Wave Counts say that a Larger Degree 5 Wave Impulse in Wave 1 has completed from its 2019 Low and Now Price is in Larger Wave 2 down. The normal target for Wave 2 is considered as the 4th wave of lower degree. And in this case it comes to around $130 to $110 as the Target requirement
So Price can Half from here literally.
SUPER BEARISH, Perfect Short🐻🩸
Downside Targets🎯 are open to in order:
T1= 180
T2= 135
T3= 110
Ultimately Tesla may find Support at the $100 round figure mark but will it be the final bottom or just another bear market rally from there will be seen that time
$TSLA Buy the Bottom/ Big Bounce CaseHolding this Price Support zone of 180 to 174 as Stop Loss
You can Buy at CMP of 195
For a Move back upto Targets of:
T1= 215
T2= 235
T3= 285
T4= 300+
And 180 is also where the Previous 4th Wave is, hence the Minimum Requirement as per Elliot Wave for Wave 2 Retracement has been MET
Main Point being: Tesla Price is now at a Value Zone where Risk/ Reward is in favor of playing Long📈, NO Shorts !
Tesla going to 100 usdAs stock and crypto are in a bear market, Tesla is no exception to the rule. In fact, it seems like the fall is excellerating faster, which is indicated by Fetch Trends. The strength of the trend is visualized by the change in colors, giving this chart this gradient.
With the SPX hitting resistance, and Tesla breaking support, 100 USD is the next obvious target for Tesla. Now why is this obvious? The next support lines are created by the previous support and resistance lines, created in Juli 2020. Old resistance becomes new support.
My Three Comrades: the Chart, the Screener, and the WatchlistToday we will continue to explore the fascinating world of stock investing. And TradingView will help us with that. I sincerely recommend making friends with this platform, as I haven't found anything more convenient to implement my strategy yet.
After you have registered on the site, move to the main menu "Products" > "Chart+" . This is where you'll spend most of your time with the platform.
What opportunities are in front of you:
- Find companies to invest in;
- Make a fundamental analysis of the companies;
- Make a technical analysis of stock charts;
- Receive alerts on the buy or sell price of a stock that is right for you.
So, let's break down each item. How to search for stocks on TradingView?
Hopefully, you've already entered the "Chart+" section. In the upper left corner is a line to enter the ticker of the stock. If you don't know the ticker, just enter the first letters of the company name: the system will find the ticker that corresponds to that company on its own. However, keep in mind that stocks of the same company may be traded on different exchanges from different countries, so sometimes one company may have several tickers.
As an example, let's enter the name "Tesla" in the search bar to open a chart of their stock. As we can see, the system tells us that Tesla is traded on NASDAQ and some exchanges in other countries.
To the right of the search bar is a button with a choice of time frame. You can try different time frames, but for me the most important is the time frame of 1 day (i.e. one candle shows the price change for 1 day).
So, the way of selecting a company via the search bar is convenient when you know at least its name. But there are thousands of companies listed on the stock exchange, and it is impossible to know the name of every company. In this case, the "Stock Screener" will help us. It is located in the lower left corner. Clicking on the Screener will open a list of stocks, filtered according to the parameters you set (you can customize the parameters by clicking on the bright blue button "Filters" on the right).
Let's go to filters and configure the parameters we need. First of all, let's select the country - (for example), the USA . In the second turn, on the tab with general parameters, let's choose the instrument type - common stocks , and let's choose the exchanges - NYSE , NASDAQ , and one more American exchange - NYSE ARCA . Now we have a list of all stocks, which are traded on the exchanges that we have chosen.
What we are interested in, we can add to the "Watchlist" . This is the first (top) button in the menu on the right. Just right-click on the ticker from the screener and select "Add to Watchlist". The same can be done by right-clicking on a chart. Switching between the tickers in the Watchlist you will consequently switch between the charts.
So, we have figured out how to find the shares of a company. In the next post, let's see what we have in terms of fundamental analysis of companies.
Sell-off Exhausted | TeslaUS markets ( S&P 500 Index +0.3%) ended Wednesday in the green after a choppy session, perhaps exhausting the extreme sell-off sentiment from the previous day. The unexpected result from the US inflation report released on Tuesday had prompted speculation that stocks could start to head back to their June lows in reaction to a more aggressive Federal Reserve .
Tesla (+3.4%) was one of NASDAQ’s best performers on Wednesday.
TSLA’s rise places it back above $300 per share, a territory the stock fell below after Tuesday’s broad-market rout.
Helping TSLA fend off broad investor pessimism is the company’s improving supply chains.
On Monday, Tesla’s vice president of investor relations Martin Viecha spoke at the invite-only Goldman Sachs tech conference. Viecha noted that the company’s battery supply chains are the best they have ever been, and Tesla can now buy all the cells it needs, for both its vehicles and energy-storage products.
Tesla NeutralTesla trading in horizontal trend line with 940 resistance and 840 support no higher high seen however stock is overbought. If stock break and open below 840 we can see lower lows with strong support at 700 weekly trades: sell 940CE at 8 CMP tg to 0, sell 840 PE at 6.6 cmp tg 0, 2nd sep buy 900 PE at 40+ tg 55 Currently i don’t see any uptrend so 1 way trade direction triggered for me.
NOTE: Trade with techniques these are just a prediction make your own analysis and decide its upto you. Don’t loose hard earned money.
Basics of DerivativesEver wonder what derivatives are? Check out this handy guide! 😉
A derivative is a contract or a product whose value is derived from the value of some other asset known as underlying. A variety of underlying assets serve as the foundation for derivatives.
These include:
→ Financial assets such as Shares, Bonds, and Foreign Exchange.
→ Metals such as Copper, Zinc, Gold, Silver, etc.
→ Energy resources such as Crude oil, Natural Gas, etc.
→ Agricultural products such as Wheat, Cotton, Sugar, Coffee, etc.
Cotton Futures
Gold Futures
Derivative Instruments
Forwards
It is a contractual agreement between two parties to buy/sell an underlying asset at a certain future date for a particular price that is pre-decided on the date of the contract.
Both the contracting parties are committed and are obliged to honor the transaction irrespective of the price of the underlying asset at the time of delivery. The terms and conditions of the contract are customized to cater to the needs of both parties. These are Over-the-counter (OTC) contracts, meaning they are a deal you make directly with a bank or a dealer. As a result, there is always counterparty risk involved.
Futures
Futures are standardized contracts similar to a forward contract, except that the deal is made through an organized and regulated exchange rather than being negotiated directly between two parties. The arrangements come with a fixed maturity date along with uniform terms for all the parties involved.
In simple language, futures are exchange traded forward contracts. The futures contract has little to no counterparty risk since the exchange is acting as a mediatory.
Options
An Option is a contract that gives the right, but not an obligation, to buy or sell the underlying on or before a fixed date and at a stated price. While the buyer of the option pays the premium and buys the right, the writer/seller of the option receives the premium with the obligation to sell/ buy the underlying asset if the buyer exercises his right.
There are two types of options:
→ American
→ European
American options can be exercised at any time prior to their expiration while the European options can only be exercised on the expiration date. In India, European options are used.
Swaps
A swap is an agreement made between two parties to exchange cash flows in the future according to a prearranged formula. A random variable (such as an interest rate, foreign exchange rate, commodity price, etc.) is used to determine at least one of these series of cash flows at the moment the contract is initiated.
Swaps are, broadly speaking, a series of forward contracts. They help the participants manage risk associated with volatile interest rates, currency exchange rates, and commodity prices.
Thanks for reading! Next week we’ll talk about the types of people who use derivatives and why they exist. Stay tuned!
See you all next week. 🙂
– Team TradingView
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