In this video, I focus on the current state of Tesla’s stock and what needs to be achieved at the moment. After recently discussing Tesla’s lack of progress, the stock has failed to achieve much success and is currently hovering near its recent lows, with …
Alright, let’s summarize this week in Tesla. I’ve been gone for a couple of days but I’m back now and today I’m going to do things a little differently. First, I’ll talk about the weekly, then the daily, and finally the monthly. You’ll see why …
Today we’re talking about Tesla. Tesla is trading around the 212.45 area. It’s been a very aggressive move from the recent low, but considering the market was down 2% last week, Tesla had to swim against the grain and be like a salmon and swim upstream. The market wasn’t in its favor, but Tesla managed to bounce off the low and move up to the 212 area.
Looking at the daily chart, we can see that Tesla was fighting all the resistance. But recently, it’s had a beautiful bounce off the low and another gap up to reach the 212 area. Now, we’re right there on that downtrend resistance line, and I believe we’re going up to the 220 area, which also happens to be a key Fibonacci area of 38.2. Whether we stay there, blow through, and start working our way up to the 50 retracement and the second downtrend line is yet to be determined.
However, when we look at the options, we can see that there’s a lot of open interest on the 220s, with 40,700 open interest, and the 225s with 34,000 open interest, which could validate the idea that we can blow through the upper level of resistance and park ourselves at the 220 area.
When we look at the hourly chart, we can see that Tesla can blow through this resistance line and park itself at the 220 level. I believe we can achieve this by tomorrow, which is when investment day begins. Be sure to position yourself carefully, as we could sell off after the investment day or gap up hard.
If Tesla comes out with the Model 2 car, which is supposed to be super affordable for everyone, I believe this will give us the momentum to hit us up towards 250. However, if we can get through this area, we’re going full steam ahead towards the 235 area and then on our way up to the next secondary downtrend line and the 50 Fibonacci.
Overall, I believe it’s a good day for Tesla. It’s trading at 212 and is currently at its high for the overnight session. We’ll have to wait and see if it can start working its way through this level of resistance towards the 220 area. Thanks for watching this video, and don’t forget to subscribe.
New video dropping tomorrow. I wanted to do one on that incredible move Tesla stock had breaking through upper resistance again to basically end the day close to the highs. It’s definitely a run up going into Tesla Investor Day scheduled for March 1st. I …
In this video, I’m going to quickly talk about my concerns regarding Tesla’s stock. In my last video, I mentioned something that was really bothering me about Tesla, and I wanted to cover it in this video. I’m going to focus on the weekly chart, …
In the world of stock trading, Tesla is one of the most talked-about companies. Its unique approach to the automotive industry has garnered the attention of investors and analysts alike. However, with the recent downturn in the market, Tesla’s performance has been put to the test. In this blog post, we will take a closer look at Tesla’s performance in a down market.
In this video, I analyze Tesla’s performance on Friday, February 17th, 2023. The video starts with the host acknowledging that the market is not in favor of Tesla. The company is still in a downtrend, and until it breaks that trend, the host is cautious. However, despite the overall downtrend, I remain bullish on Tesla for the most part.
Unfortunately, Tesla’s performance has been disappointing lately. On Friday, the market opened with a big gap down, and Tesla struggled to bounce back. It was one of the worst mega-cap stocks on the heat map. While I’m hopeful that Tesla would flirt with its price target before investor day, I have to admit that it may not happen. The chart looks ugly, and the moving averages are just crossing zigzags.
Despite the disappointing performance, I believes that Tesla is still a stock worth watching. Its volatility makes it an attractive option for traders, but it also makes it a risky one. I lost money on a recent short-term put spread, but I also had many successful trades.
In conclusion, Tesla’s performance in a down market has been disappointing, but it is still a stock worth watching. I have to note that until Tesla breaks the primary downtrend, investors should be cautious. However, Tesla’s volatility makes it an attractive option for traders, and its unique approach to the automotive industry makes it an interesting company to follow. As with any investment, it is essential to do your research and make informed decisions.
Support and resistance are important concepts in technical analysis because they help traders and investors identify key levels where price movements are likely to encounter obstacles or reverse direction. These levels are often determined by the historical price action of a stock or other financial …
I want to apologize for the repetitive nature of my recent videos on Tesla stock. I realize that some of you may have grown tired of seeing yet another video on this topic, and I want to acknowledge that your time is valuable. However, I …
Nvidia is a tech company that specializes in producing graphics processing units (GPUs) used in computer gaming and artificial intelligence. Recently, the company released its earnings report, and the market has responded positively, with Nvidia stock prices up by 13.5%. However, despite the good news, the market is not holding up, and some news appears to have caused a sell-off.
Looking at the advanced decline line and VIX, we can see that weakness has emerged, with a sell-off occurring right from the start. However, Nvidia has been holding up well, with the stock gapping up strong and continuing to perform impressively.
Let’s take a closer look at the weekly chart to understand why Nvidia has been so successful. There are four trend lines that we need to consider: the downtrend line, the uptrend line, the secondary uptrend line, and the resistance area.
The downtrend line shows that Nvidia was previously in a downward trend, which caused many investors to lose money. The uptrend line shows that Nvidia has since broken this trend and is now on the rise. However, the secondary uptrend line is not sustainable, as it is too steep and has a high angle. Therefore, we know that Nvidia will eventually fall, as it cannot continue to rise so quickly.
The third line to consider is the resistance area, which has been a significant challenge for Nvidia over the last few weeks. We can see from the chart that Nvidia has hit this resistance area several times, resulting in hard sell-offs. The stock is currently challenging this resistance area once again, and if it can hold on until Friday, it may just be able to hang on.
Finally, we have the support line, which used to be a resistance area. Nvidia broke through this line with ease and has continued to move up. However, we believe that Nvidia will fall eventually, and it may come down to at least the 50 mark.
Overall, Nvidia is performing well, with its stock prices up significantly after the earnings report. However, the market is not holding up, and some news has caused a sell-off. We believe that Nvidia will eventually fall, but it may not give back all the gains it has made recently. Nvidia is an impressive company, and it will be interesting to see how it performs in the coming weeks and months.
Today we’re going to talk about Tesla and the market. Yesterday was a fairly interesting day, but the Dow, NASDAQ, and S&P, for the most part, closed flat. Today’s action is going to be sparked by Nvidia, which is up 10% in the after-hours, but …