Tesla - falling channel or bull flag ?

2月2日

A simple chart with fib retracement of the move since the end of October to ATH.

This could be a 5-wave move up with correction to the 0.618 retracement and turn into a bull flag pretty soon. Or it can keep correcting within that channel.

Tesla is a stock that is not trading on fundamentals, but on investor sentiment and Elon Musk mixed with lots of fibonacci pinball by the trading algorithms.

It all depends on the NDX. If the index goes up, so does TSLA. If it doesn't, next target is 320$.

2月6日

註釋

support broken at the 0.618 retracement. Going lower and another confirmation of the channel.

2月10日

註釋

0.5 retracement reached, daily RSI quite low, could see a bounce here. More downside probably ahead, EM doesn't seem to care, he has a new job now. Maybe he is even selling...

2月11日

註釋

didn't think it would reach the 32X area this quickly, but here we are:

2月12日

註釋

bullseye (or bears)

2月13日

註釋

this is just perfect algorithmic trading, rejection at the midline of the channel:

2月25日

註釋

next moves: 330 > 280$

2月28日

註釋

reached 280 sooner than expected

3月6日

註釋

might as well close the gap at 255

3月11日

註釋

all gaps are closed, 100% retrace, expecting short covering now

3月25日

註釋

might be insane, but maybe not:

3月30日

註釋

after rejection at the 30D and 200D moving averages (like the entire market) the next target with a high probability is the 180$ region:

4月1日

註釋