Tesla stock

A

aiptasia

Master Member
Joined
Jan 28, 2020
Messages
4,416
Reaction score
1,863
A test of its 50 day moving average would not surprise me. It will be interesting to see how it does there. I would buy a rebound from the 50D if it occurs.
 
A

aiptasia

Master Member
Joined
Jan 28, 2020
Messages
4,416
Reaction score
1,863
The 50 day moving average beckons which is a key support area for a big liquid institutional favourite stock like Tesla. Break below it and it becomes a short entry. Tesla looks to be building a big base as 11 weeks have passed since its breakout at around $900. If it goes below its 50 day, next support level is at $1,000 and then $900. If it falls below $900, I take that as a very bearish sign as Tesla is like a tentpole for the market.
 
Last edited:
L

lamode

Member
Joined
May 6, 2020
Messages
332
Reaction score
24
aiptasia said:
The 50 day moving average beckons which is a key support area for a big liquid institutional favourite stock like Tesla. Break below it and it becomes a short entry. Tesla looks to be building a big base as 11 weeks have passed since its breakout at around $900. If it goes below its 50 day, next support level is at $1,000 and then $900. If it falls below $900, I take that as a very bearish sign as Tesla is like a tentpole for the market.
Click to expand...
yes i think so.
like rui ming says, volatility is a feature and not bug for high growth companies.
 
A

aiptasia

Master Member
Joined
Jan 28, 2020
Messages
4,416
Reaction score
1,863
lamode said:
yes i think so.
like rui ming says, volatility is a feature and not bug for high growth companies.
Click to expand...
Personally as a swing trader, I love volatility followed by some islands of calmness with quiet trading volume which tends to precede the next big move in liquid stocks like Tesla. This works both ways for me long and short. The way I would trade TSLA now is take quick shorts (1-2 days) if it fails each support level. I would also look for rallies up into prior support levels which becomes resistance now and short it if it reverses from those levels. For long trades, I would be looking at the indices showing signs of flattening and looking for an undercut of a prior low - this tends to correspond with similar undercut and rallies happening for big liquid stocks like Tesla.
 
Last edited:
Nakedtoes

Nakedtoes

Great Supremacy Member
Joined
Dec 9, 2002
Messages
60,220
Reaction score
3,614
RiceGrain said:
I think its more of macro environment , interest rate fear
Click to expand...
That's why the big boys fake pump.. If real pump it will chiong above previous high.. Anyway they are smarter then most of us.. They wun waste the money... After a major drop where all the weak hands got out.. Then is easier to push up.. Few days back I already 100% cash.. Now see market eat pop corn only. Day trades abit here and there.
 
Nakedtoes

Nakedtoes

Great Supremacy Member
Joined
Dec 9, 2002
Messages
60,220
Reaction score
3,614
Now because I day trade more.. Then find out poem comm is super high sia. Knn paid almost 10k in comm since year start..
 
RiceGrain

RiceGrain

Supremacy Member
Joined
Sep 4, 2010
Messages
7,406
Reaction score
185
Nakedtoes said:
They protect until 500k only right? If brokerage go bankrupt
Click to expand...
I think so, you can have a few more reputable brokerage to put your eggs at different basket.
Unless your trade size is >500k per trade, I dont see a compelling reason to use local brokerage.
I believe there is a thread on brokerage somewhere
 
Last edited:
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top