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la-tsla-fan: you said "it is extremely rare when fundamentals align so well with the technicals". That's a good observation on your part for this situation we are in right now. However, that is what T/A is used for in order to give a chance for one to get a clue. Otherwise it is left only on pure guesses.
Using both the Fundamental and T/A together in a timely manner skillfully depending on ones specific choice(s) and style(s) is equally important imo. T/A gets in gear and out of gear all along with the Fundamentals in the life span of any company stock price history. T/ A is the graphic history of the price/volume in addition to the Fundamental stats that also change over time. T/A is the language of the F of a company stock. The short and intermediate terms are a story of change of price/volume. Any one who is interested in the short term state of any stock needs T/A... whether they know it or not. That's the truth as I see it.
A surfer learns about waves and learns how to surf by using knowledge of timing and the right moves. T/A is like surfing in particular for shorter term trading. Like being there to surf when conditions are right. Fundamentals can be likened a bit for somebody taking a cruise in an ocean liner, lol. Even then it has risks.
From a larger perspective, I doubt that Tesla share price is going to head down changing the current uptrend. This was rather an aberration and a habit as we have seen and experienced before.
Frankly, if share price goes lower, it would be an opportunity to buy more shares. The market environment is improving currently. Just a week ago I added at $274 Now, it' around level $260. I don't see good enough reason for the uptrend to change to a downtrend.
By the end of this week I think we could get a clue from the Weekly. One or two days downturns do not make a downtrend. The Weeklies have to confirm for a trend change. The economy is doing better and inflation has been cooling down.
Interesting that fewer than 20 months after it began, the Bear market that engulfed the S&P 500 is a mere 260 points from being completely erased. Rather than foretelling trouble, chart patterns tracking everything from cross-asset momentum to transportation companies are painting a picture of burgeoning economic vigor.
"That some signals coming from the US economy are nowhere near as buoyant — and that Federal Reserve policy makers sound only marginally less worried about inflation now than they did then — is but a nuisance for investors who just pushed stocks up for the eighth time in 10 weeks. Should the optimism persist, last year’s bear market has a shot at being unwound faster than all but three of its predecessors since World War II."
“I’m shocked that the Fed has really pulled off the soft landing and everybody is caught underweight equity exposure,” said Dennis Davitt, co-manager of the MDP Low Volatility Fund who recently adjusted its positions to prepare for more market upside. “As people have to get right sized on their portfolio, they’re going to have to come in and buy, and every day gets harder.”
Even if Tesla shares drop some more, I think $240 will be a good enough level to act a good support imo. I think that level could attract buying. We shall see. GLTA
Trend Analysis:
NKLA is showing strength within a longer-term bearish trend. Its MACD is above the signal line and shares are presently 26.5% above the 200-day moving average. However, that moving average is declining, implying that caution is still warranted. Comparative Relative Strength analysis shows that this issue is outperforming the S&P 500.
Momentum for NKLA, as measured by a 14-period Slow Stochastic Oscillator, is waning. This means that investors are less aggressive in their recent purchases and may even be taking profits in positions bought at lower prices.
Today's volume is on track to be lighter than usual, with 31,633,231 shares having traded so far. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.
Bollinger Bands® use standard deviation of the closing price around a moving average to measure volatility. The Bollinger Bands® are presently wider than usual, as a result of greater than normal volatility that accompanied the recent price move. Events such as this may precede a pause or reversal in the near term trend. As of 2:37 PM ET Friday, 07/21/2023
Anybody using AI in addition to their NI in investing in the stock market?
I'm looking forward to it. I have my pink eyeglasses on.
The market can do anything!
GLTA
TTTR : Shshsh... please
Why to remind the facts?
Einstein said "Imagination is more important than knowledge".
It's human to get confused and lose the forest for the tree. Also, imagination to connect the dots is not too common. People are facing too many short term challenges... and such is life. They have a problem of what Elon is thinking about voicing bout the future.
A bit like Galileo the astronomer in Italy when he explained to the Pope that it was the Earth that rotated around the Sun and not what they were seeing with their eyes. It makes one feel that we are the center of the Universe when we gaze at the stars around in the sky. He was sent to prison for being a denier of their faith.
I hope Tesla share price goes even to lower support levels than it is right now. How about to $140?
Cheers & GLTA
Well, you must do what makes you feel comfortable. The decision has to be in harmony with you own specific choice(s) and circumstances. Cheers & GLTY
PS: My plan was to sell in my Swing Trading part of my Tesla shares if the price gone closer to $314. However, I am happy as it is no problem in the long term If it goes lower, I will buy more for the long term as well as for Swing trading.
The signal right now changed to Double Bottom Breakdown on 20-July-2023 given the level of share price level. No surprise here. In due time price will consolidate at the balance of the Supply/Demand Dynamic for a breakout as well. Probably in few days time. We shall see. Cheers and GLTA
Interestingly even if Tesla caused this shakeup in the Nasdaq market, it points to a lot of power in Tesla, Inc. Tesla is in an enviable leadership position of strength in the EV transformation picture. The current share drop is just a blip. The trend is up and long term holders are unshakeable. Another opportunity to buy.
Tesla share price In High Pole Warning mode. The main trend not breached. However, we shall watch and see what the market wants to convey as the declines today are market wide but times ahead are in the mend for the economy and business. This was a jolt and not an earthquake, imo. GLTA
PS: Momentum for TSLA is strongly bearish. The 14-period Slow Stochastic Oscillator is falling, as investors sell shares and drive the price lower. Today's volume is on track to be heavier than usual, with 105,929,743 shares having traded so far. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.
As of 1:07 PM ET Thursday, 07/20/2023
All that is happening with the Tesla world around me whether Fundamental, Technical, Business, Social, etc. make me feel that Tesla share price appears to have a decent chance of going higher, if EPS is good and above most expectations.
Also I expect more of retail share owners may be doing some selling. Institutions do not move on such times unless in serious situations. Tesla is owned widely by institutions. I believe Tesla share price is not high given what it has already achieved and its great potential. Still it's a company in growth phase and building infrastructure around the world.
As a long term investor, should the price jump above $314 and above, I intend to sell some of my shares (about 15%) to take some profits. However, when it corrects, I would buy more shares when and if possible. I know we have had some disappoint times before at such junctures of quarterly EPS announcements. I think that seems less likely this time, imo, from what I have seen all around whether in T/A, or Fundamental info.
It's exciting times. We shall see. I am looking forward with optimism.
Cheers & GLTY & GLTA
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I think the Chart looking good. The Weeklies and Dailies are in synch for the Uptrend.
The P&F Pattern Chart says "Long Tail for Up today, on 18-July-2023". We shall see. GLTA
The sky will not fall. We live in an expanding universe. Cheers & GLTA
PLTR share price had a Double Top Breakout yesterday.
The Dailies and Weeklies are in Uptrend.
The path to challenge $27.11 appears open at this time.
The last 10-days have seen significant volume in PLTR, with average daily volume above the average for the last year. Today's volume is no exception; with 59,772,714 shares having been traded already. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.
As of 12:40 PM ET Tuesday, 07/18/2023
Cheers & GLTA
Symbol NKLA
Last Quote 2.505
Change +0.175 (+7.51%)
Bid 2.50
Ask 2.51
High 2.73
Low 2.26
Volume 119,972,672
Time (ET) 12:32:10 PM
Rank member #49. Thanks. Go NKLA!
That's a modest wish, imo. Hopefully we get more than that this AH session. Well take anything the market gives based on the net dominating demand/supply dynamic.
The improving market environment is good news. We'll provide some patience as needed.
GLTY & HAVE FUN!
PS: My TS is chanting LA...~ LA LA LA at this time, lol.
Clues On Cybertruck's Price
NKLA share price Long Tail Down today, on 17-July-2023. I'm up 2 cents at this time, aloha. GLTA
Tesla traded share Volume today is on track to be heavier than usual, with 79,818,097 shares having traded so far. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers. As of 12:28 PM ET Monday, 07/17/2023
Tesla share price Double Top Breakout today on 17-July-2023. GLTA
PS: At this time TSLA up 2.44% Portfolio up 2.36%
la-tsla-fan: It's a changing percentage.
The profits keep adding on my own funds invested.
My trading transactions (sell and buy) of new other company stocks also impacts it. Have been active as it is good time to buy good stocks. (past several months bought SNAP, SOFI, BYDDY, NKLA, etc. & sold NVDA (too bad), AMAT, AMD, & AMZN)
Have more than 50 stocks in my port.
The average cost of my Tesla shares keeps changing depending on my buying and selling shares. That happens at different price levels and over time.
The profits and transactions keep changing the percentage of shares I own also my average cost. C'est La Vie. Cheers and Have Fun
Nikola shares rocket with hydrogen deals
Nikola Corp (NASDAQ:NKLA), an American truck manufacturer, stole the spotlight this week when its stock price experienced a remarkable 62% surge on Thursday thanks to a significant strategic supply partnership with hydrogen producer BayoTech.
Per the partnership agreement, BayoTech has committed to purchasing up to 50 of Nikola's Class 8 hydrogen fuel cell trucks over the next five years. The first batch of 12 trucks is set to be delivered between 2023 and 2024.
"Nikola and BayoTech are united by a common goal of providing reliable access to hydrogen throughout the United States," said Michael Lohscheller, President and CEO of Nikola Corporation.
In return for this collaboration, Nikola has agreed to acquire up to 10 of BayoTech's HyFill hydrogen transport trailers. These trailers serve a critical role in the transportation of high-pressure hydrogen from production sites to refueling stations.
"BayoTech's low-carbon hydrogen fuel and transport equipment will play an important part in supporting the adoption of Nikola's Class 8 fuel cell electric zero-emission trucks," added Lohscheller.
Along with their partnership with BayoTech, Nikola sealed a deal with Bosch (NS:BOSH) to become the engineering company’s pilot customer for their volume production fuel-cell power modules.
Bosch revealed Thursday that the company is investing $2.8 billion in hydrogen fuel cell technology from 2021 to 2026. According to Bosch, by 2030, approximately 20% of newly manufactured trucks weighing six metric tons or more are expected to be equipped with fuel-cell powertrains.
Production of Bosch’s fuel-cell power module will begin at its Feuerbach plant on the outskirts of Stuttgart and in Chongqing in China.
To those folks who are stargazers:
The New Moon in Cancer July 17. A new beginning with a lot of positive energy for the motivated ones says ABLAS ROLAND LEGRAND, well known astrologist.
Being curious, I am thinking if it has any influence with folks involved in the Stock Market with their trading activities in any way?
Well, I won't compare astrology with T/A for Tesla share price guesses. However, I know about Taurus traits and daily horoscopes that I followed decades ago. Astrologists deal with intangible forces about planetary moves in our Solar System and many are even in practice to interpret what may happen in one's future. We know Gravity, Magnetic forces, etc. from science that affect us all residing on our planet Earth. And Speculation and risk taking are part of what's involved in stock market participation.
Cheers & GLTA
PS: NKLA share price seems hot as it shot from $0.6 to about $3 last week and now it is $$2.2
Thanks for the information. I happen to be a CS shareholder. However, I a modest number of shares. Few of larger companies and their shares I owned have gone bankrupt on me for much larger ownership of their shares. C'est La Vie. GLTA
U.S. EV Sales Hit a Record
Americans bought more battery-electric vehicles in the second quarter than ever before. Competitors gained a tiny bit of ground on Tesla.
While the second quarter was a good one for the entire U.S. auto industry, it was a blockbuster period for battery-electric-vehicle sales.
This is good news. I feel the quality of air is beginning to improve in my city. And, I see an increasing number of Tesla cars and few others as well, as I drive. The addition of other EV brands is welcome as helping in this process. We are finally beginning to feel that the transformation of the Transportation industry is becoming a joint effort following the visionary and the leader of the enterprise Elon Musk in this grandiose challenge of the necessary and much needed change for clean air vehicles around the world.
We are living in exciting times.
My smart friend la-tsla-fan:
Overall portfolio Tesla share ownership is 67%. About 15% used at times for Swing trading. That has helped me to add few shares, even at higher cost.
Interesting that you've delved in on one of my old posts. Thanks for your taking the time. I feel your remark makes some sense. I'm ok if you ask a moderator to remove it. Can't be wasting my time on spilled milk.
At times I can't make my point clear enough and my post could sound somewhat disconnected. You know the saying "you can't teach an old dog a new trick" to this situation. Thankfully it happens to be harmless to other readers. Be well.
Cheers, & Enjoy the Weekend
NKLA share price in Long Tail Up mode since yesterday 13-July, 2023.
After the corrective action, the main trend continues. GLTA
.
I am positive and optimistic, and, motivated. GLTA
The New Moon in Cancer July 17. A new beginning with a lot of positive energy for the motivated ones says ABLAS ROLAND LEGRAND, well known astrologist.
Day order to buy NKLA at $2.10 filled. Cheers & GLTA
Well, after such a rise in share price of about 73% a price correction could happen. I see that happened when it shot to $1.83 few weeks ago to a low of $1 within few days.
The current jump is quite strong and the larger market environment better, given the lower CPI. Navigating through such moves in such times happen to be difficult challenge. Tough personal choices and decisions. GLTY
I was lucky my SNAP shares day order to sell was not filled.
The reason for the order was about 40% profits in relatively short time of few months. I did not even bother to check the chart. However, on checking the chart after market close, I learned that the share price has been on an Ascending Triple Top Breakout, since 11-July-2023.
Accordingly, the share price appears to be just on the right path quite likely to head to higher levels.
GLTA
Triple Top Breakout in share price of Alphabet today, on 13-Juy-2023. GLTA
Can this momo push price level above $284.25? There's space above that for price to catch $314.67!
It appears the volume is slacker than usual today at this time. Cheers & GLTA
Have day order to sell at $13.80
From a T/A perspective, one can gather info that is supportive of one's view- negative or positive. The reality is that in any session the dominating presence of trading will depend on the net result of the demand/supply dynamic. At this very time it looks like "beauty is in the eye of the bee-holder" imho. Cheers & GLTA
Today looks like is going to be a great day for TSLA.
We shall see.
Cheers & GLTA
Tesla Bull DRAMATICALLY Reveals He's SELLING ALL HIS HOLDINGS - and the Reason Why
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Not everybody likes Tesla. C'est La Vie!
Cheers & GLTA
Monksdream: thank you for this informative article and for your work in writing about "American Cars of 1958". GLTY
Elon Musk is a pioneering visionary and businessman who is living ahead of our times.
Unfortunately, we humans for lack of seeing too far into the future, happen to be challenged in understanding and appreciating it.
Happy Weekend
Hercules1: Though I am an optimist I remain also a realist. I've been a technician for a long time. All projections based on chart interpretations based on Indicators, Oscillators, Patterns, etc. are at best guesses. Because there are too many factors that affect stock prices and the stock market. It's an entire environment from the micro to the macro- geopolitics, economic, etc., etc.
However, "$315 for next week" has to be taken with a grain of salt.
You have two assumptions there- The time and the price. I think that sounds more of a lotto ticket. Lol.
I say "The Market Can Do Anything". That I believe. Who knows it may be in the realm of probabilities.
The Market does not know T/A, lol. We know the past is dead. And, life happens in the present; the future is always unknown. Sure it's nice to believe in dreams and at times dreams come true. But it requires time and hard work. Just my thoughts.
Cheers & GLTY