G sidhu personal page - To The Moon

G sidhu

G sidhu

No personal profile

1Follow

0Followers

0Topic

0Badge

2023-10-21

I am completely out of the stock now and start Buying under $170 or at $150 range.

Tesla's Broken "Triangle" Warns of More Stock-Selling Pressure

2023-10-20

Sell buy again around $170

Tesla Slipped 1% in Pretrading after Plunging 9% on Thursday

2023-02-09

I think we will see pull back , Tesla is trading at bigresistance what you guys think ? Would you buy if it's pulled back ?

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4137281534075592","uuid":"4137281534075592","gmtCreate":1675150899660,"gmtModify":1675931013785,"name":"G sidhu","pinyin":"gsidhugsidhu","introduction":"","introductionEn":"","signature":"","avatar":"https://community-static.tradeup.com/news/b04bc62dbf9b8419a66ac0186898d515","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":1,"tweetSize":3,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"init","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-1","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Debut Tiger","description":"Join the tiger community for 500 days","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.15","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.17","exceedPercentage":"80.98%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.09.23","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.02.02","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":232636450353192,"gmtCreate":1697824743763,"gmtModify":1697824916040,"author":{"id":"4137281534075592","authorId":"4137281534075592","name":"G sidhu","avatar":"https://community-static.tradeup.com/news/b04bc62dbf9b8419a66ac0186898d515","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4137281534075592","authorIdStr":"4137281534075592"},"themes":[],"htmlText":"I am completely out of the stock now and start Buying under $170 or at $150 range.","listText":"I am completely out of the stock now and start Buying under $170 or at $150 range.","text":"I am completely out of the stock now and start Buying under $170 or at $150 range.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/232636450353192","repostId":"2376255476","repostType":4,"repost":{"id":"2376255476","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1697808403,"share":"https://ttm.financial/m/news/2376255476?lang=&edition=fundamental","pubTime":"2023-10-20 21:26","market":"us","language":"en","title":"Tesla's Broken \"Triangle\" Warns of More Stock-Selling Pressure","url":"https://stock-news.laohu8.com/highlight/detail?id=2376255476","media":"Dow Jones","summary":"EV giant's stock approaches wide chart zone with multiple bullish support points. Tesla Inc.'s stock has sliced through the bottom of a \"triangle\" consolidation chart pattern, and investors are worried about further weakness.But with the electric vehicle giant's stock  already suffering its biggest two-day drop in two years following a disappointing earnings report, it has approached an important chart zone with multiple support points, that should at the very least slow the slide, if not stop it.The recent consolidation pattern in question is referred to as a symmetrical triangle, as a declining trendline defined the top of the pattern and a rising trendline traded out the bottom, with both trendlines following very similar angles toward a future meeting point.Consolidations shaped as symmetrical triangles are often viewed as continuation patterns, because more often than not they are resolved in the direction of the trend that preceded them. In Tesla's case, the stock has rocketed 91","content":"<html><head></head><body><p>Tesla Inc.&#39;s stock has sliced through the bottom of a &#34;triangle&#34; consolidation chart pattern, and investors are worried about further weakness.</p><p>But with the electric vehicle giant&#39;s stock <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> already suffering its biggest two-day drop in two years following a disappointing earnings report, it has approached an important chart zone with multiple support points, that should at the very least slow the slide, if not stop it.</p><p>The recent consolidation pattern in question is referred to as a symmetrical triangle, as a declining trendline defined the top of the pattern and a rising trendline traded out the bottom, with both trendlines following very similar angles toward a future meeting point.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb89db315276c73dcc926a086dd3320c\" tg-width=\"700\" tg-height=\"484\"/></p><p>Consolidations shaped as symmetrical triangles are often viewed as continuation patterns, because more often than not they are resolved in the direction of the trend that preceded them. In Tesla&#39;s case, the stock has rocketed 91% in 2 1/2 months before it started consolidating, so at first a breakout appeared more likely.</p><p>But with the stock opening Thursday well below the bottom of the pattern following the EV maker&#39;s rather disappointing earnings report, there was no doubt that Tesla&#39;s triangle was resolved with a breakdown.</p><p>The stock also broke below a rising trendline starting at a 2 1/2-year low hit in January, helping confirm the bearish technical outlook.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92bb76e1d4eebf8d2359612c8adbc7f8\" tg-width=\"700\" tg-height=\"484\"/></p><p>But there is a silver lining.</p><p>The stock tumbled 10.2% in afternoon trading, and has plunged 14.5% the past two days. That&#39;s the biggest two-day decline since it plummeted 16.3% during the two days ended Nov. 9, 2021.</p><p>That has brought the stock close to what could be rather strong support, with multiple chart points that could draw out buying interest. Those points include the 200-day moving average and previous peaks and troughs, as Fairlead Strategies LLC technical analyst Katie Stockton noted.</p><p>The 200-DMA is viewed by many chart watchers as a dividing line between longer-term uptrends and downtrends. It often acts as a battleground between bulls and bears, providing support on the way down and resistance on the way up.</p><p>That line current extends to about $214.18, according to FactSet data.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60c7ca7b69b5d61f08588c9aea5fcb27\" tg-width=\"700\" tg-height=\"481\"/></p><p>Based on a technical concept referred to by candlestick charting guru Steve Nison as &#34;change in polarity,&#34; the February highs just above $214 and the late-March high at roughly $208 could attract buying interest. Read more about &#34;change of polarity.&#34;</p><p>The idea is, those that who sold shares aggressively enough at those levels to stop rallies, then watched them shoot above those levels just a couple of months later, might be very happy to buy back those shares at breakeven.</p><p>The fact that the August low was within the range of previous highs confirms that the concept applies to Tesla&#39;s stock.</p><p>If that support zone breaks, the next downside target area is determined by a &#34;measured move&#34; calculation, in which the height of the broken triangle is subtracted from the point of the breakdown.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbaa90ef36d07f9ffe03bbc3e2c4246a\" tg-width=\"700\" tg-height=\"482\"/></p><p>Since the height of the triangle is roughly $78 on a closing basis, and the breakdown point was roughly $243, the downside target becomes $165.</p><p>That would be right around the May lows.</p><p>But before the support zone is tested, breakdowns like the one suffered Thursday are often followed by bounces back to the breakdown point, as bulls test the bears&#39; resolve. That&#39;s when bears who missed out on selling on the break, given that the stock opened well below that level, tend to rush to sell.</p><p>How the stock behaves over the next couple of sessions may provide a clue to how the stock will behave at the support zone.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Broken \"Triangle\" Warns of More Stock-Selling Pressure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Broken \"Triangle\" Warns of More Stock-Selling Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-10-20 21:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla Inc.&#39;s stock has sliced through the bottom of a &#34;triangle&#34; consolidation chart pattern, and investors are worried about further weakness.</p><p>But with the electric vehicle giant&#39;s stock <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> already suffering its biggest two-day drop in two years following a disappointing earnings report, it has approached an important chart zone with multiple support points, that should at the very least slow the slide, if not stop it.</p><p>The recent consolidation pattern in question is referred to as a symmetrical triangle, as a declining trendline defined the top of the pattern and a rising trendline traded out the bottom, with both trendlines following very similar angles toward a future meeting point.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb89db315276c73dcc926a086dd3320c\" tg-width=\"700\" tg-height=\"484\"/></p><p>Consolidations shaped as symmetrical triangles are often viewed as continuation patterns, because more often than not they are resolved in the direction of the trend that preceded them. In Tesla&#39;s case, the stock has rocketed 91% in 2 1/2 months before it started consolidating, so at first a breakout appeared more likely.</p><p>But with the stock opening Thursday well below the bottom of the pattern following the EV maker&#39;s rather disappointing earnings report, there was no doubt that Tesla&#39;s triangle was resolved with a breakdown.</p><p>The stock also broke below a rising trendline starting at a 2 1/2-year low hit in January, helping confirm the bearish technical outlook.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92bb76e1d4eebf8d2359612c8adbc7f8\" tg-width=\"700\" tg-height=\"484\"/></p><p>But there is a silver lining.</p><p>The stock tumbled 10.2% in afternoon trading, and has plunged 14.5% the past two days. That&#39;s the biggest two-day decline since it plummeted 16.3% during the two days ended Nov. 9, 2021.</p><p>That has brought the stock close to what could be rather strong support, with multiple chart points that could draw out buying interest. Those points include the 200-day moving average and previous peaks and troughs, as Fairlead Strategies LLC technical analyst Katie Stockton noted.</p><p>The 200-DMA is viewed by many chart watchers as a dividing line between longer-term uptrends and downtrends. It often acts as a battleground between bulls and bears, providing support on the way down and resistance on the way up.</p><p>That line current extends to about $214.18, according to FactSet data.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60c7ca7b69b5d61f08588c9aea5fcb27\" tg-width=\"700\" tg-height=\"481\"/></p><p>Based on a technical concept referred to by candlestick charting guru Steve Nison as &#34;change in polarity,&#34; the February highs just above $214 and the late-March high at roughly $208 could attract buying interest. Read more about &#34;change of polarity.&#34;</p><p>The idea is, those that who sold shares aggressively enough at those levels to stop rallies, then watched them shoot above those levels just a couple of months later, might be very happy to buy back those shares at breakeven.</p><p>The fact that the August low was within the range of previous highs confirms that the concept applies to Tesla&#39;s stock.</p><p>If that support zone breaks, the next downside target area is determined by a &#34;measured move&#34; calculation, in which the height of the broken triangle is subtracted from the point of the breakdown.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbaa90ef36d07f9ffe03bbc3e2c4246a\" tg-width=\"700\" tg-height=\"482\"/></p><p>Since the height of the triangle is roughly $78 on a closing basis, and the breakdown point was roughly $243, the downside target becomes $165.</p><p>That would be right around the May lows.</p><p>But before the support zone is tested, breakdowns like the one suffered Thursday are often followed by bounces back to the breakdown point, as bulls test the bears&#39; resolve. That&#39;s when bears who missed out on selling on the break, given that the stock opened well below that level, tend to rush to sell.</p><p>How the stock behaves over the next couple of sessions may provide a clue to how the stock will behave at the support zone.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4585":"ETF&股票定投概念","LU1548497426.USD":"安联环球人工智能AT Acc","BK4534":"瑞士信贷持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4555":"新能源车","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4527":"明星科技股","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4588":"碎股","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","BK4574":"无人驾驶","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4581":"高盛持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4511":"特斯拉概念","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4548":"巴美列捷福持仓","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","TSLA":"特斯拉","LU2063271972.USD":"富兰克林创新领域基金","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4592":"伊斯兰概念","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2376255476","content_text":"Tesla Inc.'s stock has sliced through the bottom of a \"triangle\" consolidation chart pattern, and investors are worried about further weakness.But with the electric vehicle giant's stock $(TSLA)$ already suffering its biggest two-day drop in two years following a disappointing earnings report, it has approached an important chart zone with multiple support points, that should at the very least slow the slide, if not stop it.The recent consolidation pattern in question is referred to as a symmetrical triangle, as a declining trendline defined the top of the pattern and a rising trendline traded out the bottom, with both trendlines following very similar angles toward a future meeting point.Consolidations shaped as symmetrical triangles are often viewed as continuation patterns, because more often than not they are resolved in the direction of the trend that preceded them. In Tesla's case, the stock has rocketed 91% in 2 1/2 months before it started consolidating, so at first a breakout appeared more likely.But with the stock opening Thursday well below the bottom of the pattern following the EV maker's rather disappointing earnings report, there was no doubt that Tesla's triangle was resolved with a breakdown.The stock also broke below a rising trendline starting at a 2 1/2-year low hit in January, helping confirm the bearish technical outlook.But there is a silver lining.The stock tumbled 10.2% in afternoon trading, and has plunged 14.5% the past two days. That's the biggest two-day decline since it plummeted 16.3% during the two days ended Nov. 9, 2021.That has brought the stock close to what could be rather strong support, with multiple chart points that could draw out buying interest. Those points include the 200-day moving average and previous peaks and troughs, as Fairlead Strategies LLC technical analyst Katie Stockton noted.The 200-DMA is viewed by many chart watchers as a dividing line between longer-term uptrends and downtrends. It often acts as a battleground between bulls and bears, providing support on the way down and resistance on the way up.That line current extends to about $214.18, according to FactSet data.Based on a technical concept referred to by candlestick charting guru Steve Nison as \"change in polarity,\" the February highs just above $214 and the late-March high at roughly $208 could attract buying interest. Read more about \"change of polarity.\"The idea is, those that who sold shares aggressively enough at those levels to stop rallies, then watched them shoot above those levels just a couple of months later, might be very happy to buy back those shares at breakeven.The fact that the August low was within the range of previous highs confirms that the concept applies to Tesla's stock.If that support zone breaks, the next downside target area is determined by a \"measured move\" calculation, in which the height of the broken triangle is subtracted from the point of the breakdown.Since the height of the triangle is roughly $78 on a closing basis, and the breakdown point was roughly $243, the downside target becomes $165.That would be right around the May lows.But before the support zone is tested, breakdowns like the one suffered Thursday are often followed by bounces back to the breakdown point, as bulls test the bears' resolve. That's when bears who missed out on selling on the break, given that the stock opened well below that level, tend to rush to sell.How the stock behaves over the next couple of sessions may provide a clue to how the stock will behave at the support zone.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":232525843963904,"gmtCreate":1697792486510,"gmtModify":1697793280123,"author":{"id":"4137281534075592","authorId":"4137281534075592","name":"G sidhu","avatar":"https://community-static.tradeup.com/news/b04bc62dbf9b8419a66ac0186898d515","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4137281534075592","authorIdStr":"4137281534075592"},"themes":[],"htmlText":"Sell buy again around $170","listText":"Sell buy again around $170","text":"Sell buy again around $170","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/232525843963904","repostId":"1185011552","repostType":4,"repost":{"id":"1185011552","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1697788909,"share":"https://ttm.financial/m/news/1185011552?lang=&edition=fundamental","pubTime":"2023-10-20 16:01","market":"us","language":"en","title":"Tesla Slipped 1% in Pretrading after Plunging 9% on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1185011552","media":"Tiger Newspress","summary":"Tesla slipped 1% in pretrading after plunging 9% on Thursday.","content":"<html><head></head><body><p>Tesla slipped 1% in pretrading after plunging 9% on Thursday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d68abe8c66b1ca14955f2a77f42b034f\" title=\"\" tg-width=\"809\" tg-height=\"849\"/></p><p>Tesla stock has dropped after its &#34;disappointing&#34; Q3 earnings announcement. Tesla is trading around $225, down roughly 7% in pre-market when writing this. While Tesla&#39;s margins contract during this challenging phase, margin compression could be transitory. The slow growth and high-interest rate economic environment negatively impact Tesla&#39;s bottom line.</p><p style=\"text-align: left;\">Price cuts, inflation, high borrowing costs, and other temporary elements are eating into Tesla&#39;s bottom line, negatively impacting its stock price. However, Tesla&#39;s fundamental backdrop should strengthen as the economic downturn passes and the economy returns to normalized financial conditions. Due to Tesla&#39;s dominant, market-leading position, its economies of scale, and other competitive advantages, its revenue and EPS growth could accelerate in the coming quarters, leading to a much higher stock price in future years.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Slipped 1% in Pretrading after Plunging 9% on Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Slipped 1% in Pretrading after Plunging 9% on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-10-20 16:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla slipped 1% in pretrading after plunging 9% on Thursday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d68abe8c66b1ca14955f2a77f42b034f\" title=\"\" tg-width=\"809\" tg-height=\"849\"/></p><p>Tesla stock has dropped after its &#34;disappointing&#34; Q3 earnings announcement. Tesla is trading around $225, down roughly 7% in pre-market when writing this. While Tesla&#39;s margins contract during this challenging phase, margin compression could be transitory. The slow growth and high-interest rate economic environment negatively impact Tesla&#39;s bottom line.</p><p style=\"text-align: left;\">Price cuts, inflation, high borrowing costs, and other temporary elements are eating into Tesla&#39;s bottom line, negatively impacting its stock price. However, Tesla&#39;s fundamental backdrop should strengthen as the economic downturn passes and the economy returns to normalized financial conditions. Due to Tesla&#39;s dominant, market-leading position, its economies of scale, and other competitive advantages, its revenue and EPS growth could accelerate in the coming quarters, leading to a much higher stock price in future years.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185011552","content_text":"Tesla slipped 1% in pretrading after plunging 9% on Thursday.Tesla stock has dropped after its \"disappointing\" Q3 earnings announcement. Tesla is trading around $225, down roughly 7% in pre-market when writing this. While Tesla's margins contract during this challenging phase, margin compression could be transitory. The slow growth and high-interest rate economic environment negatively impact Tesla's bottom line.Price cuts, inflation, high borrowing costs, and other temporary elements are eating into Tesla's bottom line, negatively impacting its stock price. However, Tesla's fundamental backdrop should strengthen as the economic downturn passes and the economy returns to normalized financial conditions. Due to Tesla's dominant, market-leading position, its economies of scale, and other competitive advantages, its revenue and EPS growth could accelerate in the coming quarters, leading to a much higher stock price in future years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954969601,"gmtCreate":1675930913904,"gmtModify":1675931890494,"author":{"id":"4137281534075592","authorId":"4137281534075592","name":"G sidhu","avatar":"https://community-static.tradeup.com/news/b04bc62dbf9b8419a66ac0186898d515","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4137281534075592","authorIdStr":"4137281534075592"},"themes":[],"htmlText":"I think we will see pull back , Tesla is trading at bigresistance what you guys think ?&nbsp; Would you buy if it's pulled back ?","listText":"I think we will see pull back , Tesla is trading at bigresistance what you guys think ?&nbsp; Would you buy if it's pulled back ?","text":"I think we will see pull back , Tesla is trading at bigresistance what you guys think ? Would you buy if it's pulled back ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954969601","isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":232636450353192,"gmtCreate":1697824743763,"gmtModify":1697824916040,"author":{"id":"4137281534075592","authorId":"4137281534075592","name":"G sidhu","avatar":"https://community-static.tradeup.com/news/b04bc62dbf9b8419a66ac0186898d515","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4137281534075592","authorIdStr":"4137281534075592"},"themes":[],"htmlText":"I am completely out of the stock now and start Buying under $170 or at $150 range.","listText":"I am completely out of the stock now and start Buying under $170 or at $150 range.","text":"I am completely out of the stock now and start Buying under $170 or at $150 range.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/232636450353192","repostId":"2376255476","repostType":4,"repost":{"id":"2376255476","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1697808403,"share":"https://ttm.financial/m/news/2376255476?lang=&edition=fundamental","pubTime":"2023-10-20 21:26","market":"us","language":"en","title":"Tesla's Broken \"Triangle\" Warns of More Stock-Selling Pressure","url":"https://stock-news.laohu8.com/highlight/detail?id=2376255476","media":"Dow Jones","summary":"EV giant's stock approaches wide chart zone with multiple bullish support points. Tesla Inc.'s stock has sliced through the bottom of a \"triangle\" consolidation chart pattern, and investors are worried about further weakness.But with the electric vehicle giant's stock  already suffering its biggest two-day drop in two years following a disappointing earnings report, it has approached an important chart zone with multiple support points, that should at the very least slow the slide, if not stop it.The recent consolidation pattern in question is referred to as a symmetrical triangle, as a declining trendline defined the top of the pattern and a rising trendline traded out the bottom, with both trendlines following very similar angles toward a future meeting point.Consolidations shaped as symmetrical triangles are often viewed as continuation patterns, because more often than not they are resolved in the direction of the trend that preceded them. In Tesla's case, the stock has rocketed 91","content":"<html><head></head><body><p>Tesla Inc.&#39;s stock has sliced through the bottom of a &#34;triangle&#34; consolidation chart pattern, and investors are worried about further weakness.</p><p>But with the electric vehicle giant&#39;s stock <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> already suffering its biggest two-day drop in two years following a disappointing earnings report, it has approached an important chart zone with multiple support points, that should at the very least slow the slide, if not stop it.</p><p>The recent consolidation pattern in question is referred to as a symmetrical triangle, as a declining trendline defined the top of the pattern and a rising trendline traded out the bottom, with both trendlines following very similar angles toward a future meeting point.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb89db315276c73dcc926a086dd3320c\" tg-width=\"700\" tg-height=\"484\"/></p><p>Consolidations shaped as symmetrical triangles are often viewed as continuation patterns, because more often than not they are resolved in the direction of the trend that preceded them. In Tesla&#39;s case, the stock has rocketed 91% in 2 1/2 months before it started consolidating, so at first a breakout appeared more likely.</p><p>But with the stock opening Thursday well below the bottom of the pattern following the EV maker&#39;s rather disappointing earnings report, there was no doubt that Tesla&#39;s triangle was resolved with a breakdown.</p><p>The stock also broke below a rising trendline starting at a 2 1/2-year low hit in January, helping confirm the bearish technical outlook.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92bb76e1d4eebf8d2359612c8adbc7f8\" tg-width=\"700\" tg-height=\"484\"/></p><p>But there is a silver lining.</p><p>The stock tumbled 10.2% in afternoon trading, and has plunged 14.5% the past two days. That&#39;s the biggest two-day decline since it plummeted 16.3% during the two days ended Nov. 9, 2021.</p><p>That has brought the stock close to what could be rather strong support, with multiple chart points that could draw out buying interest. Those points include the 200-day moving average and previous peaks and troughs, as Fairlead Strategies LLC technical analyst Katie Stockton noted.</p><p>The 200-DMA is viewed by many chart watchers as a dividing line between longer-term uptrends and downtrends. It often acts as a battleground between bulls and bears, providing support on the way down and resistance on the way up.</p><p>That line current extends to about $214.18, according to FactSet data.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60c7ca7b69b5d61f08588c9aea5fcb27\" tg-width=\"700\" tg-height=\"481\"/></p><p>Based on a technical concept referred to by candlestick charting guru Steve Nison as &#34;change in polarity,&#34; the February highs just above $214 and the late-March high at roughly $208 could attract buying interest. Read more about &#34;change of polarity.&#34;</p><p>The idea is, those that who sold shares aggressively enough at those levels to stop rallies, then watched them shoot above those levels just a couple of months later, might be very happy to buy back those shares at breakeven.</p><p>The fact that the August low was within the range of previous highs confirms that the concept applies to Tesla&#39;s stock.</p><p>If that support zone breaks, the next downside target area is determined by a &#34;measured move&#34; calculation, in which the height of the broken triangle is subtracted from the point of the breakdown.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbaa90ef36d07f9ffe03bbc3e2c4246a\" tg-width=\"700\" tg-height=\"482\"/></p><p>Since the height of the triangle is roughly $78 on a closing basis, and the breakdown point was roughly $243, the downside target becomes $165.</p><p>That would be right around the May lows.</p><p>But before the support zone is tested, breakdowns like the one suffered Thursday are often followed by bounces back to the breakdown point, as bulls test the bears&#39; resolve. That&#39;s when bears who missed out on selling on the break, given that the stock opened well below that level, tend to rush to sell.</p><p>How the stock behaves over the next couple of sessions may provide a clue to how the stock will behave at the support zone.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Broken \"Triangle\" Warns of More Stock-Selling Pressure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Broken \"Triangle\" Warns of More Stock-Selling Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-10-20 21:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla Inc.&#39;s stock has sliced through the bottom of a &#34;triangle&#34; consolidation chart pattern, and investors are worried about further weakness.</p><p>But with the electric vehicle giant&#39;s stock <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> already suffering its biggest two-day drop in two years following a disappointing earnings report, it has approached an important chart zone with multiple support points, that should at the very least slow the slide, if not stop it.</p><p>The recent consolidation pattern in question is referred to as a symmetrical triangle, as a declining trendline defined the top of the pattern and a rising trendline traded out the bottom, with both trendlines following very similar angles toward a future meeting point.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eb89db315276c73dcc926a086dd3320c\" tg-width=\"700\" tg-height=\"484\"/></p><p>Consolidations shaped as symmetrical triangles are often viewed as continuation patterns, because more often than not they are resolved in the direction of the trend that preceded them. In Tesla&#39;s case, the stock has rocketed 91% in 2 1/2 months before it started consolidating, so at first a breakout appeared more likely.</p><p>But with the stock opening Thursday well below the bottom of the pattern following the EV maker&#39;s rather disappointing earnings report, there was no doubt that Tesla&#39;s triangle was resolved with a breakdown.</p><p>The stock also broke below a rising trendline starting at a 2 1/2-year low hit in January, helping confirm the bearish technical outlook.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/92bb76e1d4eebf8d2359612c8adbc7f8\" tg-width=\"700\" tg-height=\"484\"/></p><p>But there is a silver lining.</p><p>The stock tumbled 10.2% in afternoon trading, and has plunged 14.5% the past two days. That&#39;s the biggest two-day decline since it plummeted 16.3% during the two days ended Nov. 9, 2021.</p><p>That has brought the stock close to what could be rather strong support, with multiple chart points that could draw out buying interest. Those points include the 200-day moving average and previous peaks and troughs, as Fairlead Strategies LLC technical analyst Katie Stockton noted.</p><p>The 200-DMA is viewed by many chart watchers as a dividing line between longer-term uptrends and downtrends. It often acts as a battleground between bulls and bears, providing support on the way down and resistance on the way up.</p><p>That line current extends to about $214.18, according to FactSet data.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60c7ca7b69b5d61f08588c9aea5fcb27\" tg-width=\"700\" tg-height=\"481\"/></p><p>Based on a technical concept referred to by candlestick charting guru Steve Nison as &#34;change in polarity,&#34; the February highs just above $214 and the late-March high at roughly $208 could attract buying interest. Read more about &#34;change of polarity.&#34;</p><p>The idea is, those that who sold shares aggressively enough at those levels to stop rallies, then watched them shoot above those levels just a couple of months later, might be very happy to buy back those shares at breakeven.</p><p>The fact that the August low was within the range of previous highs confirms that the concept applies to Tesla&#39;s stock.</p><p>If that support zone breaks, the next downside target area is determined by a &#34;measured move&#34; calculation, in which the height of the broken triangle is subtracted from the point of the breakdown.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbaa90ef36d07f9ffe03bbc3e2c4246a\" tg-width=\"700\" tg-height=\"482\"/></p><p>Since the height of the triangle is roughly $78 on a closing basis, and the breakdown point was roughly $243, the downside target becomes $165.</p><p>That would be right around the May lows.</p><p>But before the support zone is tested, breakdowns like the one suffered Thursday are often followed by bounces back to the breakdown point, as bulls test the bears&#39; resolve. That&#39;s when bears who missed out on selling on the break, given that the stock opened well below that level, tend to rush to sell.</p><p>How the stock behaves over the next couple of sessions may provide a clue to how the stock will behave at the support zone.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","BK4585":"ETF&股票定投概念","LU1548497426.USD":"安联环球人工智能AT Acc","BK4534":"瑞士信贷持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4555":"新能源车","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4527":"明星科技股","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4588":"碎股","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","BK4574":"无人驾驶","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4581":"高盛持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4511":"特斯拉概念","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4548":"巴美列捷福持仓","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","TSLA":"特斯拉","LU2063271972.USD":"富兰克林创新领域基金","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4592":"伊斯兰概念","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2376255476","content_text":"Tesla Inc.'s stock has sliced through the bottom of a \"triangle\" consolidation chart pattern, and investors are worried about further weakness.But with the electric vehicle giant's stock $(TSLA)$ already suffering its biggest two-day drop in two years following a disappointing earnings report, it has approached an important chart zone with multiple support points, that should at the very least slow the slide, if not stop it.The recent consolidation pattern in question is referred to as a symmetrical triangle, as a declining trendline defined the top of the pattern and a rising trendline traded out the bottom, with both trendlines following very similar angles toward a future meeting point.Consolidations shaped as symmetrical triangles are often viewed as continuation patterns, because more often than not they are resolved in the direction of the trend that preceded them. In Tesla's case, the stock has rocketed 91% in 2 1/2 months before it started consolidating, so at first a breakout appeared more likely.But with the stock opening Thursday well below the bottom of the pattern following the EV maker's rather disappointing earnings report, there was no doubt that Tesla's triangle was resolved with a breakdown.The stock also broke below a rising trendline starting at a 2 1/2-year low hit in January, helping confirm the bearish technical outlook.But there is a silver lining.The stock tumbled 10.2% in afternoon trading, and has plunged 14.5% the past two days. That's the biggest two-day decline since it plummeted 16.3% during the two days ended Nov. 9, 2021.That has brought the stock close to what could be rather strong support, with multiple chart points that could draw out buying interest. Those points include the 200-day moving average and previous peaks and troughs, as Fairlead Strategies LLC technical analyst Katie Stockton noted.The 200-DMA is viewed by many chart watchers as a dividing line between longer-term uptrends and downtrends. It often acts as a battleground between bulls and bears, providing support on the way down and resistance on the way up.That line current extends to about $214.18, according to FactSet data.Based on a technical concept referred to by candlestick charting guru Steve Nison as \"change in polarity,\" the February highs just above $214 and the late-March high at roughly $208 could attract buying interest. Read more about \"change of polarity.\"The idea is, those that who sold shares aggressively enough at those levels to stop rallies, then watched them shoot above those levels just a couple of months later, might be very happy to buy back those shares at breakeven.The fact that the August low was within the range of previous highs confirms that the concept applies to Tesla's stock.If that support zone breaks, the next downside target area is determined by a \"measured move\" calculation, in which the height of the broken triangle is subtracted from the point of the breakdown.Since the height of the triangle is roughly $78 on a closing basis, and the breakdown point was roughly $243, the downside target becomes $165.That would be right around the May lows.But before the support zone is tested, breakdowns like the one suffered Thursday are often followed by bounces back to the breakdown point, as bulls test the bears' resolve. That's when bears who missed out on selling on the break, given that the stock opened well below that level, tend to rush to sell.How the stock behaves over the next couple of sessions may provide a clue to how the stock will behave at the support zone.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954969601,"gmtCreate":1675930913904,"gmtModify":1675931890494,"author":{"id":"4137281534075592","authorId":"4137281534075592","name":"G sidhu","avatar":"https://community-static.tradeup.com/news/b04bc62dbf9b8419a66ac0186898d515","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4137281534075592","authorIdStr":"4137281534075592"},"themes":[],"htmlText":"I think we will see pull back , Tesla is trading at bigresistance what you guys think ?&nbsp; Would you buy if it's pulled back ?","listText":"I think we will see pull back , Tesla is trading at bigresistance what you guys think ?&nbsp; Would you buy if it's pulled back ?","text":"I think we will see pull back , Tesla is trading at bigresistance what you guys think ? Would you buy if it's pulled back ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954969601","isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":232525843963904,"gmtCreate":1697792486510,"gmtModify":1697793280123,"author":{"id":"4137281534075592","authorId":"4137281534075592","name":"G sidhu","avatar":"https://community-static.tradeup.com/news/b04bc62dbf9b8419a66ac0186898d515","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4137281534075592","authorIdStr":"4137281534075592"},"themes":[],"htmlText":"Sell buy again around $170","listText":"Sell buy again around $170","text":"Sell buy again around $170","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/232525843963904","repostId":"1185011552","repostType":4,"repost":{"id":"1185011552","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1697788909,"share":"https://ttm.financial/m/news/1185011552?lang=&edition=fundamental","pubTime":"2023-10-20 16:01","market":"us","language":"en","title":"Tesla Slipped 1% in Pretrading after Plunging 9% on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1185011552","media":"Tiger Newspress","summary":"Tesla slipped 1% in pretrading after plunging 9% on Thursday.","content":"<html><head></head><body><p>Tesla slipped 1% in pretrading after plunging 9% on Thursday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d68abe8c66b1ca14955f2a77f42b034f\" title=\"\" tg-width=\"809\" tg-height=\"849\"/></p><p>Tesla stock has dropped after its &#34;disappointing&#34; Q3 earnings announcement. Tesla is trading around $225, down roughly 7% in pre-market when writing this. While Tesla&#39;s margins contract during this challenging phase, margin compression could be transitory. The slow growth and high-interest rate economic environment negatively impact Tesla&#39;s bottom line.</p><p style=\"text-align: left;\">Price cuts, inflation, high borrowing costs, and other temporary elements are eating into Tesla&#39;s bottom line, negatively impacting its stock price. However, Tesla&#39;s fundamental backdrop should strengthen as the economic downturn passes and the economy returns to normalized financial conditions. Due to Tesla&#39;s dominant, market-leading position, its economies of scale, and other competitive advantages, its revenue and EPS growth could accelerate in the coming quarters, leading to a much higher stock price in future years.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Slipped 1% in Pretrading after Plunging 9% on Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Slipped 1% in Pretrading after Plunging 9% on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-10-20 16:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla slipped 1% in pretrading after plunging 9% on Thursday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d68abe8c66b1ca14955f2a77f42b034f\" title=\"\" tg-width=\"809\" tg-height=\"849\"/></p><p>Tesla stock has dropped after its &#34;disappointing&#34; Q3 earnings announcement. Tesla is trading around $225, down roughly 7% in pre-market when writing this. While Tesla&#39;s margins contract during this challenging phase, margin compression could be transitory. The slow growth and high-interest rate economic environment negatively impact Tesla&#39;s bottom line.</p><p style=\"text-align: left;\">Price cuts, inflation, high borrowing costs, and other temporary elements are eating into Tesla&#39;s bottom line, negatively impacting its stock price. However, Tesla&#39;s fundamental backdrop should strengthen as the economic downturn passes and the economy returns to normalized financial conditions. Due to Tesla&#39;s dominant, market-leading position, its economies of scale, and other competitive advantages, its revenue and EPS growth could accelerate in the coming quarters, leading to a much higher stock price in future years.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185011552","content_text":"Tesla slipped 1% in pretrading after plunging 9% on Thursday.Tesla stock has dropped after its \"disappointing\" Q3 earnings announcement. Tesla is trading around $225, down roughly 7% in pre-market when writing this. While Tesla's margins contract during this challenging phase, margin compression could be transitory. The slow growth and high-interest rate economic environment negatively impact Tesla's bottom line.Price cuts, inflation, high borrowing costs, and other temporary elements are eating into Tesla's bottom line, negatively impacting its stock price. However, Tesla's fundamental backdrop should strengthen as the economic downturn passes and the economy returns to normalized financial conditions. Due to Tesla's dominant, market-leading position, its economies of scale, and other competitive advantages, its revenue and EPS growth could accelerate in the coming quarters, leading to a much higher stock price in future years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}