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TSLA - Tesla Motors Inc (NASDAQ)

Discussion in 'International Markets' started by CanOz, Dec 20, 2014.

  1. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Tesla has been tracing a well know bearish pattern, the head and shoulders. It has broken the neckline and is at the typical 'throwback' or 'retest'. There are a couple of ways to play this but i like 'looking inside the bars' and determining what the market structure tells me could be the best entries and stop locations.

    To do this i use volume profile on an intra-day chart.

    Examples of two ways to play this as a swing trade:
    You can clearly see on the price action above the gap we have a double distribution pattern. Statistically the lower half of the distribution usually gets a re-test more than 50% of the time, so 215.98 becomes our aggressive entry. The stop is placed above the value area of the higher distribution. If we prefer to wait for more downward price action then a more 'conservative' entry could actually be the gap play, with a stop above the low volume node at 215.29

    The target area for this pattern is around the 149.75 area, which is a measured move from the high, to the 'neckline' and also coincides with a prior VWAP. These prior areas of 'value' are almost 'magnetic' targets.

    Trade it well....
     

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  2. nulla nulla

    nulla nulla Positive Expectancy

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    Re: TSLA - Tesla Motors Inc

    Where is TSLA listed?
     
  3. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Re: TSLA - Tesla Motors Inc

    TSLA is a Nasdaq stock Nulla.

    If you type in the symbol, into yahoo or a Google engine, it will show you where it's listed. I guess I should have mentioned that side I posted in International Markets.

    Cheers,



    CanOz
     
  4. notting

    notting

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    As much as I admire the innovation and all.
    This thing is a cult stock that is so overpriced at present along with GoPro it's mind boggling.
    Technically has done very well. But when the market corrects this will be a great short.
     
  5. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Yeah, I guess energy prices aren't doing it any favours here either....
     
  6. Value Collector

    Value Collector Have courage, and be kind.

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    Check out Teslas lastest product launch, it looks pretty awesome to me, allows people to store solar power for night time use or even time shift offpeak power for later use.

    If Office buildings etc start using this to time shift off peak power, it could be a good thing for the generators.

     
    Last edited by a moderator: Dec 30, 2016
  7. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Yeah, just watched it too...hopefully our resident expert smurf will comment....I'd love to add solar to our house in brissy once we settle.
     
  8. thembi

    thembi

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  9. Tano

    Tano

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    Would this be a good long term buy?
    I was thinking with oil prices at record low 5 year records that people would be reluctant to pay a premium for an electric car which translates to a lower share price compared to if oil was at record highs. Not sure if this is how it works in the real world.

    Also this autonomous driving may see an uptake of driverless Telsa uber/taxis in the distant future
     
  10. Gringotts Bank

    Gringotts Bank

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  11. greggles

    greggles I'll be back!

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  12. greggles

    greggles I'll be back!

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    Tesla share price drops 8% overnight after Elon Musk drinks whiskey and smokes weed on the Joe Rogan podcast. :D

    teslas-stocks-tanked-after-elon-musk-smoked-weed--2-9910-1536344719-6_dblbig.jpg

    big.chart-TSLA.gif
     
    Darc Knight likes this.
  13. Dona Ferentes

    Dona Ferentes

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    probably no more contentious and polarising stock. Emblematic of the changing world, perhaps? Is it true the market cap for Tesla is greater than GM or Ford?
     
    fergee likes this.
  14. fergee

    fergee

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    I have a hard time understanding the valuation of this company compared to how much money it doesnt make.

    I do like the products and the vision though.

    Vote Elon for first President of Mars!
     
  15. Dona Ferentes

    Dona Ferentes

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    gotta be a resident, yourself?
     
    fergee likes this.
  16. fergee

    fergee

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    Ha I wish!

    Interesting how this rally in TSLA seems to be pulling all the Lithium miners up along with it.
     
    Dona Ferentes likes this.
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