sundaymorning
Active Member
Maoing, I hope you are not going to do this, but are you contemplating selling your shares before ER?
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
TSLA Technical Analysis
- Thread starter Robert.Boston
- Start date
-
- Tags
- TSLA
Maoing, I hope you are not going to do this, but are you contemplating selling your shares before ER?
No. I'll keep my core position but offload my overloaded position which using margin. I used to set sell price @ 228.5, but it looks harder to achieve before ER, so I lowered it down to 226.5 and let's see.
chickensevil
Active Member
Well, so much for that prediction... Seems like we are getting a flat trading day today. I think the good thing right now is that instead of a pullback after a runup of over 16$ we are trading sideways. Less volume today too. I still think we will see it continue to go up (even if very small moves) through the end of the week.
Technically SP price reached 225-228 resistance zone in early trading hours. So it didn't follow the index and retreat a bit in the rest of the day. It needs either a good ER or consolidate further to break this resistance level. Personally, I'm still waiting for my 226.5 sell order to be executed hopefully on Friday or Monday.
chickensevil
Active Member
yeah, we hit it a bit sooner than I thought we would. I wouldn't expect to see much upside from here until after the ER.
ev-enthusiast
Active Member
Here's a daily chart showing a horizontal line at the local max from 2015-12-26 (closing price $227.82).
Looks like this value is acting like a resistance now during our upwards movement.
Yesterday's intraday high at $225.48 was pretty close to the value of the last local max at 2015-12-26.
After this intraday high yesterday the SP declined slowly during the following trading hours.
If we hit this resistance again today and are not able to push through the resistance, this price range close to the resistance could be a good area to make a defensive move and sell some stock before ER.
With max pain for this Friday being at $210 it will be interesting to see if the SP declines further to max pain today or enough buyers step in before ER next week to push SP up/through the resistance.
By the way, does this last candlestick on the daily chart look like a "shooting star"?
Could be another hint that we will move towards max pain toaday
Last edited:
Here's a daily chart showing a horizontal line at the local max from 2015-12-26 (closing price $227.82).
Looks like this value is acting like a resistance now during our upwards movement.
Yesterday's intraday high at $225.48 was pretty close to the value of the last local max at 2015-12-26.
After this intraday high yesterday the SP declined slowly during the following trading hours.
If we hit this resistance again today and are not able to push through the resistance, this price range close to the resistance could be a good area to make a defensive move and sell some stock before ER.
View attachment 71448
With max pain for this Friday being at $210 it will be interesting to see if the SP declines further to max pain today or enough buyers step in before ER next week to push SP up/through the resistance.
By the way, does this last candlestick on the daily chart look like a "shooting star"?
Could be another hint that we will move towards max pain toaday
My "Max Pain" number adjusted upwards to 217.50 over the last couple days.
ev-enthusiast
Active Member
Thanks a lot for the hint!
As I have seen "Max Pain" at my source moved to $215 in the meantime.
Maybe the reason is I have looked up max pain before the open in the states?
Where can you see the "Max Pain" number of 217.50?
I run an automated spreadsheet in the morning. Split it in the middle somewhere.
I meant to split it between your estimate and my estimate. I have been watching volume and when I compare it with this morning's numbers there is a greater potential for an up-tick than a down-tick from my original estimate. It all depends on the action though.
Last edited:
ev-enthusiast
Active Member
v12 to 12v said:
Ah, ok. Thanks for the info!
The difference to $215 is small (are there only discrete values with a difference of $2.5 possible?).
ev-enthusiast
Active Member
If we close today significantly above max pain I see some chance of a continued upwards movement on Monday.
Any thoughts?
Update:
Looks like we are closing at max pain, unbelivable
Any thoughts?
Update:
Looks like we are closing at max pain, unbelivable
Last edited:
chickensevil
Active Member
If we close today significantly above max pain I see some chance of a continued upwards movement on Monday.
Any thoughts?
Update:
Looks like we are closing at max pain, unbelivable
It's like they don't even try to hide the manipulation anymore... -_-
If we close today significantly above max pain I see some chance of a continued upwards movement on Monday.
Any thoughts?
Update:
Looks like we are closing at max pain, unbelivable
I bought a couple $220 Puts (Feb 13th to give me some room) this morning when TSLA was at $222.75. Sold them ~3 hours later @ 217.xx for $1.50 profit.
ev-enthusiast
Active Member
Simply amazing!
Let's see what monday morning will bring.
Looking forward to next week
- - - Updated - - -
I thought about this possibility, but I was not confident enough to to buy some puts
Thought too positive about possible positive price action.
Have a nice weekend everyone!
What I meant by "split it in the middle" is that it looked like we were going to close just under 217.50 from what I was looking at. (Between your number and my number instead of just above 217.50.) Just a few more puts below that number and it could have easily changed "Max Pain" to make a close between 217.50 and 220, but it wasn't to be.
ev-enthusiast
Active Member
Yesterday's close with $217.48 came in above both 10DMA ($211.78) and 50DMA ($213.45).
After reaching a local high of $232.51 the 200DMA had a local min at about $228.77 during last couple of days and closed at about $229.16 yesterday.
From yesterday's closing price to the 200DMA there is currently $11.68 of room to the upside.
Here is a daily chart showing the moving averages and possible resistance at $226.79:
Here is a minute chart showing that the 50DMA currently looks like support:
After reaching a local high of $232.51 the 200DMA had a local min at about $228.77 during last couple of days and closed at about $229.16 yesterday.
From yesterday's closing price to the 200DMA there is currently $11.68 of room to the upside.
Here is a daily chart showing the moving averages and possible resistance at $226.79:
Here is a minute chart showing that the 50DMA currently looks like support:
Last edited:
Causalien
Prime 8 ball Oracle
ev-enthusiast
Active Member
This is the I-draw-my-own-lines-as-good-as-I-can-do-charting program
I use tradingview but would be nice to have some good advice on a better tool!
Here is an improved version of the daily chart using the build-in regression channels:
Similar threads
