TRADING TIPS

TSLA Where is it Going Next?

Hubert Senters here. I’ve been getting a lot of question on what I think about Tesla. Let’s take a look at it so Tesla currently right now I would stay away from it. Not because it’s bad just because it’s in the cloud. So it would just think of we have a cloudy decision. When it’s in the cloud leave it the hell alone. It’s my theory. If it goes above the cloud I will get long. If it goes below the cloud I can potentially get short on this thing. Now, tons of people have lost hundreds of millions of dollars shorting Tesla so I don’t know if it’s a great idea. Because Elon is fairly efficient of pushing things through so I would be more on the side of long and wait for it to close above the cloud. Right now, the ADX is a little low at $15 but that can turn around and this has been that because the past two weeks had been sideways to slightly lower. You can see the cloud is pointing down a little bit lower but that’s also a little bit laggy from time to time so I would wait for it to close above the cloud at $722.68. The stop for me would be $685 and then the target would be to go up here and see if they can take out its most recent highs around $860, $900 to see if there’s anything else. Yeah. That’s most recent highs. You got a little top there so it would be interesting to get up in the $869 area. Mark Helweg is going to be doing a special webinar on The Explosive Traffic Pattern for Trading Options. That’s going to be this Saturday at 11AM. I’m going to HYPERLINK you to the registration page. Good luck. Hope it helps. See you on the next video. Hubert.

1 Comment

  1. charles shankar
    charles shankar on May 3, 2021 at 1:24 pm

    Do you see Tsla going down to $550.00 per share?

    Reply

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