TSLA Daily Chart
July 10, 2014
Price bounced near the 50MA printing a hammer on daily chart, tobust indicators are neutral but price action is bullish with resistance at the 5MA ($224) and the 20MA ($227), major support at Fibonacci $218.57
April 6, 2014
TSLA price trending down inside a channel with bears in control and strong, there is a strong battle right at the 50MA-Day with some support at Fibonacci $208.75 but if the bears take out that level them We will see Fib $194.24 (bottom of channel)
March 23, 2014
I am Bearish about TSLA short term and will watch the downtrend channel to enter long ones the channel breaks, but for now we can play the downside if mentioned levels dont hold.
TSLA Price is inside a triangle wedge with support at Fibonacci $227, robust indicators still bullsig and strong, key levels to watch are $227 for the bears and $241.50 for the bulls. I am long but ready to escape if bears take DMI and breakdown $227...cheers
February 17, 2014
TSLA Huge battle at Fibonacci support $195 but all eyes will be on the company earning's report. What will the Street be watching most closely when Tesla announces fourth-quarter results? Not earnings. Probably not even revenue. The big metrics to watch will all come from guidance. The excitement is curious considering how much Tesla disappointed shareholders the last time it reported earnings. Back in November, shares fell more than 11 percent after the company announced it had lost $38 million, once items like stock-based pay and interest expenses were factored out.
October 11, 2013
The next Fibonacci resistance is $214 and the support below $195 is $176.22. My targets after earning are Fibonacci $245 or $145 lets see what the car company has for us.
Price closed the bearish divergence I called on September 25 and went down almost -30 points. TSLA still inside an uptrend channel an looks attractive for a long position however for the first time since march 2013 bears are in control (see DMI) and other indicators are also bearish (MACD and DEMAs) now price is always king and I am looking to enter above $175 where I am expecting a chaange on my robust indicators for a ride to $200
September 25, 2013
A bearish divergence on MACD-H occurs when prices rise to a new high, decline, then rise to a higher peak.MACD-Histogram gives the first sign of trouble when it breaks below its zero line during the decline from its first peak. When prices reach a higher high, MACD-Histogram rises to a much lower high. It shows that bulls are weaker, the last time TSLA had a Bearish divergence on July 15 price dropped 30 points in three days, I am not bearish about TSLA and we may see $200 or $250 before 2014 but I follow price and will send the alerts to McB member on when to short this beast.
September 3, 2013
Price keeps making higher highs, indicators still bullish, and price is hammering resistance $173.77, today's Heikin Ashi candle has not shadow meaning momentum is strong, all other indicators are bullish.
McBillion Bulls: Enter Long above Fibonacci resistance $174 resistance/exits $180, $197, $200 Option traders use Sept 180 Calls at $4.50
McBillion Bears: Enter Short below $163.50 Resistance/exits $158.87, $150 Option trader use Sept 150 Puts $2.70
August 22, 2013
Five Fast Facts About the $TSLA Chart
1. Since breaking Fibonacci resistance $69.24 back in May 10, 2013 price has had breakout every Fibonacci level on the second attempt and right now price is at Fib resistance $158.87 on second test with a near target $170 - $173.77 (Bullish)
2. DEMA 5, 21 crossed and price finished 5 points above our momentum indicator DEMA 21 (Bullish)
3. Plus directional is the lead with ADX above 20 and heading up; meaning this bull has good strength (Bullish)
4. MACD crossed above the zero line and has room to go higher from here (Bullish)
5. Directionals are showing a lot of room for this bull to run (Bullish)
August 19, 2013
TSLA Price is consolidating above $140 with support at $133 and resistance at $156.60, Indicators are showing a weakness with bias to the upside.
August 8, 2013
I have worked on the Fibonacci retracements combining Year/Daily and 30d/1h sequences to get all the possible levels of resistance and support, Indicators are completely Bullish and $200 can be the target year end.
Nelson Molina "McBillion" is not a registered broker-dealer or investment advisor .Individual performance depends upon each student's unique skills, time commitment, and effort.
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