500-To The Moon - Tiger Brokers Online Investing Community

Like
Comment
Favorite

JZ0930
2021-03-09

500

Will Investors Get a Chance to Buy Tesla for $500?

Tesla has taken a beating lately but have we seen the bottom? We don't know yet. If it sees $500 tho

Will Investors Get a Chance to Buy Tesla for $500?

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":329472251,"tweetId":"329472251","gmtCreate":1615275982373,"gmtModify":1704780443018,"author":{"id":3578270018070171,"idStr":"3578270018070171","authorId":3578270018070171,"authorIdStr":"3578270018070171","name":"JZ0930","avatar":"https://static.tigerbbs.com/0c57cda0be2011f74fc4cb1724966132","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>500</p></body></html>","htmlText":"<html><head></head><body><p>500</p></body></html>","text":"500","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/329472251","repostId":1129859525,"repostType":4,"repost":{"id":"1129859525","kind":"news","pubTimestamp":1615273657,"share":"https://www.laohu8.com/m/news/1129859525?lang=&edition=full","pubTime":"2021-03-09 15:07","market":"us","language":"en","title":"Will Investors Get a Chance to Buy Tesla for $500?","url":"https://stock-news.laohu8.com/highlight/detail?id=1129859525","media":"TheStreet","summary":"Tesla has taken a beating lately but have we seen the bottom? We don't know yet. If it sees $500 tho","content":"<p>Tesla has taken a beating lately but have we seen the bottom? We don't know yet. If it sees $500 though, it will get our attention.</p><p>Will investors get a chance to buy Tesla&nbsp;(<b>TSLA</b>)&nbsp;at $500? If the selloff persists much longer, they just might.</p><p>Shares traded fell&nbsp;5.8%&nbsp;to&nbsp;$563 on Monday.</p><p>Despite the wavering price action, Tesla hasn’t taken out Friday’s low, all the way down near $539.50.</p><p>Will that have to be close enough for dip buyers looking for $500? Maybe. The entire EV space has taken a beating, with NIO&nbsp;(<b>NIO</b>), SPACs and other previously high-flying names selling off.</p><p>Tesla’s meteoric rise over the past year made the stock ripe for a correction. It was a question of when, not if the stock would eventually pull back.</p><p>At Friday’s low, the stock was down&nbsp;just more than 40% from the highs. When a growth leader dips 40%, that’s when I start to like it more on the long side.</p><p>Having achieved that, let’s take a closer look at the charts.</p><p><b>Trading Tesla</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/561981ea5a36fb4c48b862a31165c3d0\" tg-width=\"1240\" tg-height=\"948\" referrerpolicy=\"no-referrer\"><span>Daily chart of Tesla stock.</span></p><p>Potentially working on its 11th decline in 13 sessions, Tesla clearly&nbsp;hasn’t had momentum&nbsp;working in bulls’ favor.</p><p>The 10-day moving average continues to guide the stock lower, while the 50-day and 100-day moving averages ultimately failed as support.</p><p>As much as bulls don’t want to hear it, more downside is likely for the best in the short term.</p><p>If we can get a larger washout down to the 200-day moving average and the $500 area, we may see this stock bottom. That’s not to say that it will go there or that if it does get there, it can’t go lower, but down 45% into a key area and a key moving average<i>should</i>give the stock a bounce.</p><p>What happens if Tesla doesn’t test down into $500 and/or the 200-day moving average? After all, it’s very possible that doesn’t happen.</p><p>In that scenario, we need to see some sort of rotation higher, such as clearing the prior session’s high. However, what we really need to see is Tesla reclaim some of its moving averages, like the 10-day and 100-day.</p><p>Trends and ranges take time to develop, particularly after a violent correction like we’re seeing right now.</p><p>Let’s wait for some sort of rotation confirmation on the upside or one more puke lower on the downside.</p>","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>Will Investors Get a Chance to Buy Tesla for $500?</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\">\nWill Investors Get a Chance to Buy Tesla for $500?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-09 15:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/tesla-tsla-stock-buying-dip-trading-030821><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla has taken a beating lately but have we seen the bottom? We don't know yet. If it sees $500 though, it will get our attention.Will investors get a chance to buy Tesla (TSLA) at $500? If the ...</p>\n\n<a href=\"https://www.thestreet.com/investing/tesla-tsla-stock-buying-dip-trading-030821\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.thestreet.com/investing/tesla-tsla-stock-buying-dip-trading-030821","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129859525","content_text":"Tesla has taken a beating lately but have we seen the bottom? We don't know yet. If it sees $500 though, it will get our attention.Will investors get a chance to buy Tesla (TSLA) at $500? If the selloff persists much longer, they just might.Shares traded fell 5.8% to $563 on Monday.Despite the wavering price action, Tesla hasn’t taken out Friday’s low, all the way down near $539.50.Will that have to be close enough for dip buyers looking for $500? Maybe. The entire EV space has taken a beating, with NIO (NIO), SPACs and other previously high-flying names selling off.Tesla’s meteoric rise over the past year made the stock ripe for a correction. It was a question of when, not if the stock would eventually pull back.At Friday’s low, the stock was down just more than 40% from the highs. When a growth leader dips 40%, that’s when I start to like it more on the long side.Having achieved that, let’s take a closer look at the charts.Trading TeslaDaily chart of Tesla stock.Potentially working on its 11th decline in 13 sessions, Tesla clearly hasn’t had momentum working in bulls’ favor.The 10-day moving average continues to guide the stock lower, while the 50-day and 100-day moving averages ultimately failed as support.As much as bulls don’t want to hear it, more downside is likely for the best in the short term.If we can get a larger washout down to the 200-day moving average and the $500 area, we may see this stock bottom. That’s not to say that it will go there or that if it does get there, it can’t go lower, but down 45% into a key area and a key moving averageshouldgive the stock a bounce.What happens if Tesla doesn’t test down into $500 and/or the 200-day moving average? After all, it’s very possible that doesn’t happen.In that scenario, we need to see some sort of rotation higher, such as clearing the prior session’s high. However, what we really need to see is Tesla reclaim some of its moving averages, like the 10-day and 100-day.Trends and ranges take time to develop, particularly after a violent correction like we’re seeing right now.Let’s wait for some sort of rotation confirmation on the upside or one more puke lower on the downside.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"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":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}