Tesla, Inc. (TSLA/NASD)
08 September 2017, 12:08
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | BUY STOP |
| Entry Point | 352.10 |
| Take Profit | 356.00, 360.00, 363.00 |
| Stop Loss | 348.00 |
| Key Levels | 342.00, 347.00, 352.00, 355.00, 358.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 346.90 |
| Take Profit | 340.00, 337.00 |
| Stop Loss | 351.00 |
| Key Levels | 342.00, 347.00, 352.00, 355.00, 358.00 |
Industry: car manufacturing
Current trend
Recent studies of the car industry emphasie the growth of competition in the available electrocars segment in the near future. Following the launch of mass production of budget Model 3 by Tesla and new BMW i3, Nissan announced the updated version of Nissan Leaf in 2018. According to the Japanese car manufacturer, the new Nissan Leaf with the starting price at $30K will have similar characteristics to the new Tesla Model 3 the price for which starts at $35K.
During the previous week the stock of Tesla dropped by 0.73%. S&P500 index went down by 0.58% during the same period.
Comparing company's multiplier with its competitors in the industry, we can say that Tesla shares are neutral.
Key levels
On Wednesday, September 06, the trading instrument kept the key support level at 342.00 which caused "bullish" tendencies. Yesterday the growth of #TSLA quotes made up 1.76%. The emitter formed a local resistance level of 352.00. The nearest support level is 347.00. Currently indicators do not give any clear signal. However, one may open long positions.
Support levels: 347.00, 342.00.
Resistance levels: 352.00, 355.00, 358.00.
Trading tips
If the price consolidates above 352.00, one may consider buying #TSLA. Potential profits can be locked in by orders at 356.00, 360.00, 363.00. Stop-loss will be located at the level of 348.00.
If the price consolidates below the mirror support level of 347.00, one may consider selling #TSLA. There is potential of movement to 340.00-337.00. Stop-loss should be placed at 351.00.
Trading tips will be relevant for 3 days.
Current trend
Recent studies of the car industry emphasie the growth of competition in the available electrocars segment in the near future. Following the launch of mass production of budget Model 3 by Tesla and new BMW i3, Nissan announced the updated version of Nissan Leaf in 2018. According to the Japanese car manufacturer, the new Nissan Leaf with the starting price at $30K will have similar characteristics to the new Tesla Model 3 the price for which starts at $35K.
During the previous week the stock of Tesla dropped by 0.73%. S&P500 index went down by 0.58% during the same period.
Comparing company's multiplier with its competitors in the industry, we can say that Tesla shares are neutral.
Key levels
On Wednesday, September 06, the trading instrument kept the key support level at 342.00 which caused "bullish" tendencies. Yesterday the growth of #TSLA quotes made up 1.76%. The emitter formed a local resistance level of 352.00. The nearest support level is 347.00. Currently indicators do not give any clear signal. However, one may open long positions.
Support levels: 347.00, 342.00.
Resistance levels: 352.00, 355.00, 358.00.
Trading tips
If the price consolidates above 352.00, one may consider buying #TSLA. Potential profits can be locked in by orders at 356.00, 360.00, 363.00. Stop-loss will be located at the level of 348.00.
If the price consolidates below the mirror support level of 347.00, one may consider selling #TSLA. There is potential of movement to 340.00-337.00. Stop-loss should be placed at 351.00.
Trading tips will be relevant for 3 days.
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