I am completely out of the sto

5
Comment
Favorite

G sidhu
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

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

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

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":232636450353192,"tweetId":"232636450353192","gmtCreate":1697824743763,"gmtModify":1697824916040,"author":{"id":4137281534075592,"idStr":"4137281534075592","authorId":4137281534075592,"authorIdStr":"4137281534075592","name":"G sidhu","avatar":"https://community-static.tradeup.com/news/b04bc62dbf9b8419a66ac0186898d515","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body>I am completely out of the stock now and start Buying under $170 or at $150 range.</body></html>","htmlText":"<html><head></head><body>I am completely out of the stock now and start Buying under $170 or at $150 range.</body></html>","text":"I am completely out of the stock now and start Buying under $170 or at $150 range.","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":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://www.laohu8.com/m/news/2376255476?lang=&edition=full","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>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.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.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.<img src=\"https://static.tigerbbs.com/eb89db315276c73dcc926a086dd3320c\" tg-width=\"700\" tg-height=\"484\"/>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.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.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.<img src=\"https://static.tigerbbs.com/92bb76e1d4eebf8d2359612c8adbc7f8\" tg-width=\"700\" tg-height=\"484\"/>But there is a silver lining.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.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.<img src=\"https://static.tigerbbs.com/60c7ca7b69b5d61f08588c9aea5fcb27\" tg-width=\"700\" tg-height=\"481\"/>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;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&#39;s stock.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.<img src=\"https://static.tigerbbs.com/cbaa90ef36d07f9ffe03bbc3e2c4246a\" tg-width=\"700\" tg-height=\"482\"/>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&#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.How the stock behaves over the next couple of sessions may provide a clue to how the stock will behave at the support zone.</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\">\nDow Jones \n2023-10-20 21:26\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>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.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.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.<img src=\"https://static.tigerbbs.com/eb89db315276c73dcc926a086dd3320c\" tg-width=\"700\" tg-height=\"484\"/>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.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.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.<img src=\"https://static.tigerbbs.com/92bb76e1d4eebf8d2359612c8adbc7f8\" tg-width=\"700\" tg-height=\"484\"/>But there is a silver lining.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.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.<img src=\"https://static.tigerbbs.com/60c7ca7b69b5d61f08588c9aea5fcb27\" tg-width=\"700\" tg-height=\"481\"/>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;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&#39;s stock.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.<img src=\"https://static.tigerbbs.com/cbaa90ef36d07f9ffe03bbc3e2c4246a\" tg-width=\"700\" tg-height=\"482\"/>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&#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.How the stock behaves over the next couple of sessions may provide a clue to how the stock will behave at the support zone.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4527":"明星科技股","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4588":"碎股","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4581":"高盛持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4511":"特斯拉概念","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4548":"巴美列捷福持仓","LU0056508442.USD":"贝莱德世界科技基金A2","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","TSLA":"特斯拉","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4592":"伊斯兰概念","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2063271972.USD":"富兰克林创新领域基金"},"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":158,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":66,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}