Can we please stop responding to garbage being posted by a prolific member who has bouts of anxiety every time SP is about to go higher?
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I'm pretty sure he is an employee.This is a big step for tesla. First confirmed delivery to non employee / insider
1st time EV/Tesla owner soon!
This is a big step for tesla. First confirmed delivery to non employee / insider
1st time EV/Tesla owner soon!
Nope, it looks like his son is a Tesla employee, so this is still just an employee/family delivery.
man... i almost just got whiplash this morning... and after all that "market activity"... it's somehow landed again... right on The Line Of Coincidence.OK, I admit, this was a bit creepy.
I did not expect the SP to rise this high today. But clearly, for the past 7 trading day it was far below this magic line, and if the price is generally going up because the company is executing on the Model-3 plan, then it is not unexpected that it will get close to a rising trend every now and then. The fact that the price spends 7-10 times as much time away from the line than close to it, should point more towards coincidence than a rule.
As pointed out by others, there was some major catalyst news (China) and the macros also had a big recovery day from Friday's red, probably due to political background and less catastrophic effect of the Huricane on Florida than feared.
This combination trigered a strong opening, and then trend-algos piled on to amplify it. Once the stock broke out of the triangle, then TA traders also jumped in, since the break was on the upside.
So, in total, I am still not convinced that it is more than coincidence...
This is a big step for tesla. First confirmed delivery to non employee / insider
1st time EV/Tesla owner soon!
The stock will jump a minimum of 3 dollars from closing price today during the first few minutes after the open tomorrow.
It may or may not dip after that.
zsozso... look what you just did. you called the closing price... well, you were off by 69c... and I was off by $1.31... but as I mentioned this morning, I had already described the lower end of the channel it was trading in here:
2017 Investor Roundtable: TSLA Market Action
of which it bounced off Friday... and now we have:
View attachment 247105
now let me clear up one of the points you had made in your review regarding the changing of the downward trendline... I had accidentally dragged it prior to taking the screen shot but didn't realize it until I had taken the screen shot and put it into the post... but thought "meh... nobody should be concerned about that anyway" and had only left that lower trendline in to keep consistency in the chart.
so yes... that lower trendline is gone and replaced by the triangle... and before you go: "see... you just change stuff"... read that linked post above and you'll see that I was well aware of the triangle and had already been plotting it in other charts.
so, now that we're here... what do you think was the driver today?... macro?... news?... or technicals?
to me this is purely technical... but what do you think about the fact that you called the closing price in the stock today after a $20 6% run in the stock based on my numbers?
EDIT: what's important though is... the trendline it just snapped to is the SAME trendline I posted on July 7.
and my point is... there is no "market"... this stock is being moved on a far too incredibly predictable trendline.
man... i almost just got whiplash this morning... and after all that "market activity"... it's somehow landed again... right on The Line Of Coincidence.
OK, how about this theory:
The Magic upward pressure actually wants to achieve a steeper rising trend, roughly $2/trading-day as you observed and drew back in Dec-Jan and also for certain segments later on. However, macro troubles, short-manipulations and some panic-selling triggered by fake-news keeps interrupting that trend from time-to-time generating some down-slope sections. The net result is that every once in a while we hit the Line of Coincidence at $1/day.
PS: of course, based on this theory, yesterday we just broke out of the down-pressure section, so now for the next few days it should resume the "natural $2/day" rising pattern. Today closing around 365-366
He's buttering you up for "we're too far off the line, SELL!" when TSLA goes perpendicular! Don't fall for it.
View attachment 247205
Totally OT, but just wanted to point-out that I’m doing my bit for the 17Q3 delivery numbers. On top of that it will smoke 007’s
I actually sold a good chunk yesterday @363, I set that sale-order up in the morning when I posted that "prediction", which I did not expect to execute. However, thanks to this morning's dip I managed to buy back those shares @361.