Ignore the sales projections and the hype. Keep an eye on the channel top and 2.24 Fib extension at 653. If it reverses here, the nearest support is at the 10-day moving average at 550, with 521 being the nearest strong support and the previous high of 389.61 the next most likely. … continue reading →
Tag Archives: Tesla
We started posting about TSLA a little over a year ago when it dipped below important horizontal support [see: Can Tesla Avoid a Crash?] We’ve updated the charts multiple times since then, working to stay ahead of Musk’s obvious attempts to manipulate the stock. The harmonic picture has been tricky due to the presence of … continue reading →
Sometimes you just can’t catch a break. TSLA shares rose from 22 in 2012 to 387 in 2017 — helping drive Musk’s net worth to well over $20 billion. But, the shares have since formed a triple top, failing to top 390 and coming perilously close to breaking down. This isn’t the first time Musk … continue reading →
Futures are hanging on to a 4-pt gain, primarily on a continuing decline in VIX. With Jackson Hole coming up, we could see more volatility — particularly if Fed speakers back off their hiking schedule. Speaking of backing off…TSLA is back down to its horizontal and trend line support. As readers will recall, this is a … continue reading →