A few gaps down but looks like we have more upside to go first.I think that we have more up to go for in the coming days/weeks and to extend a bit following the Q1 earning call on 29/04 however all these gaps down could see a closing in the coming months with the Q2 numbers and the depression hitting for a second wave.
Let's be realistic, printing money won't play the part for much longer, bankruptcies everywhere are incoming and we aren't going back to normal for a year or two at least. Time to get ride of all these toxic companies.
Trade ideas
$TSLA: 3 gaps up and 2 gaps down (3rd unlikely)With great numbers published for Q1 deliveries and potential an online-only but still maintained battery day in April (20th) just before the Q1 earnings call, we could see the stock rise despite the global pandemic and impact on the market to close the 3 gaps up before going down again as Q2 numbers will be hugely impacted by the shutdown/lockdown.
I dont think that Tesla will be impacted that much by the depression as people able to buy such expensive cars or their solar roof will be the least impacted by it.
Also buying a Tesla and/or equiping your house with Solar is a smarter move when you look at buying a car for 5-7 years or if you want to be independent from the grid to not be impacted by blackouts that will increase everywhere in the coming years (especially in the USA with their infrastructure).
Reversal time for $TSLA? I want to believe itOvershot 0.618 fib plus hit the lowest of 2020.
GF1 Nevada being classified "Essential" , GF2 NY reaching 1000 roofs production per week, Model Y deliveries starting, 1,000,000 vehicules which translate in over 105k production in Q1... a lot of good news in the past few days!
As usual I don't know what I'm doing.
TSLA is buy on dips!The trend seems to be up now. The prices are making higher highs, prices are trading well above the kumo, the chikou is free. The prices are expected to retrace back to kijun at 241 - 242 levels. The RSI will be into buy mode. Looking at the price action, if the stock holds the levels, entries can be planned. The expected target are 301 - 317. While a close below 238 will change the bullish nature of the stock.






















