Thanks for your reply. I hoped all my posts make sense but I undestand saying numbers is not enough - for me these just represent support/resistance points.
even if my numbers were correct (recovery to 260, support 244, broken support = further downside possible) for some people it is not enough.
To all of you: pls re-check. I told all the numbers _before_ that happened. Not good enough? So call it "LUCK".
I need sometimes monthly TSLA chart for my method and it works well for whole trends. Of course I work on daily chart and then going to smaller time frames....
I undestand one trend as going from low to high or high to low. Example: - one trend is when we went from $180 to $287 = end of trend. I don't use trend lines as common.
Just please understand I wanted to help. also I'm polish from Poland / Europe - makes difficulties in communication despite I try my best.
I'm HUGE fan of Tesla but all of you have to undestand that stock market won't go up forever... even TSLA.
Here is 23.00 - so good night.
highend, I do appreciate that nuance is often missed when English is your second language. Heck, a lot of us struggle with clarity and it's our first language.
The disconnect here is not linguistic but simply skepticism about Technical Analysis. For clarity, it's not YOUR approach to TA specifically but general disregard for the methodology.
This thread is chock full of experienced investors who rely heavily on fundamental analysis of the underlying financials of the company and broader economic trends. But of course investing is forward looking, and we're taking that base data of past performance and modeling where we project the company will be in X years. There are many assumptions baked into those projections; actual performance may vary markedly. But the basis for those projections is fundamentally sound because the starting point is actual historical achievement in manufacturing production and the actual measurement of revenue, COGS, gross margin, et al. Fundamental analysis takes into account not only these micro projections but also broader economic and political trends that will affect the worldwide shift to sustainable transportation.
This fundamental analysis approach is looking for intrinsic value. It is the quest for companies whose true value is not yet recognized by the market. It's a long term commitment. The data used (monthly reports, quarterly FS) is released slowly and it works best for a long term investment horizon. It may take years for the market to recognize the true value of TSLA.
While a fundamental analysis starts with the financial statements, a technical analysis approaches a security from the charts. Frankly, that is a viewed as a flawed approach by many because it has no basis in the actual performance of the company. On the face of it. it seems an absurd proposition for someone to look at a stock price chart and think they can somehow divine where that price will move next based on the pattern of movement. The timeframe for many TA is often shorter, better suited for trading than investing.
These divergent approaches to investing/trading is oil and water to some. Some view TA as pure black magic with little more credibility than the daily horoscope. I'm afraid you will never find a welcoming audience to your TA. In. This. Thread. But "right next door" you'll find threads in which the reaction will be quite different.
Interestingly, TA is gaining more credibility. Every major brokerage has TA on staff. Many investment advisors take TA into consideration when looking for entry and exit points.
But as you have seen, you're not likely to find acceptance here in this thread. There are other threads within this sub-forum to have TA discussion. Obviously, this may not be the best thread for it.
Despite the hostility, I do hope you stick around and read/listen to what folks have to say. Many parts of the Internet are tedious and utterly devoid of intelligent discourse. Here we are blessed with talented, articulate and experienced folks who generously share their well thought out analysis. It's a genuine treat to watch and learn from others.
