8/01/19 What will happen Wednesday?

1 авг. 2019 г.

Hi All,

I love doing the TSLA posts as this is the company I cheer for the most (and can easily imagine their success in the future)..
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Anyhow, I havent done TSLA charts before where the ideas presented only pertain to one trading day. **Note**: Disregard this chart AFTER tomorrow!
--It is very short term-- chartwise, TSLA is in for a fair move up or down tomorrow. (I would bet against it being a sideways day...) .


Its pretty obvious on the chart, the yellow circle is where I expect market open to be in tomorrow.

We need an immediate breakout to get to the upside as the short term-- downtrend resistance line-- is just about right where we are at now.

Again, be bullish if we break up this line. The next stops would be the potential double top (at 247).. Or, we can push through that strongly (which, in my opinion, would be a strong sign that this post-earnings recovery will be fine).

Be cautious if we go anywhere near 240--> 235. As I wrote, I am a short term bear if we go below 232 tomorrow.


All in all- this chart is just meant to help us through tomorrow!

I will update if it seems helpful (and be more longterm). You may look in my older posts to see my prior (mostly accurate) Tsla postings ;)

Best wishes,

5 авг. 2019 г.

Заметка

Obviously the trendline has changed. Now connect the two on my chart with the newly printed 3rd "top." Tomorrow we go up if we can break about 237! Otherwise, we still go down from here it looks. Again, this is all very short term! I am selling no shares :)