HEAD SHOULDER FOR ELONNNNNNice pattern head and shoulder for 1 year
wait and see for consolidate and all innnnnnnnnnn.
Elonmusk
Trading Idea: Dogecoin Support Level StrategyCurrent Support Level: Dogecoin (DOGE) has reached a key support level.
Bounce Scenario: If the price holds this support, we could see a bounce from here, offering a potential long entry opportunity.
Breakdown Scenario: However, if the price breaks below this support, it could signal further downside, with the next target being the next support level.
Confirmation: Wait for a clear bounce or breakdown confirmation before entering. A strong bounce would suggest upward momentum, while a close below the support with increased selling pressure would confirm the breakdown.
Risk Management: If entering on a bounce, place a stop-loss just below the support. If entering on a breakdown, place a stop-loss slightly above the broken support level to manage risk.
Tesla (TSLA) Resistance Breakout and Next Target
Current Resistance Level: Tesla’s stock (TSLA) is currently testing a key resistance level.
Breakout Scenario: If TSLA breaks above this resistance, it could indicate a bullish breakout, suggesting more upside potential.
Next Resistance Target: Once the breakout is confirmed, the price could aim for the next resistance level as the target.
Confirmation: Wait for Tesla to close above the resistance with strong buying volume. Look for bullish candlestick patterns to confirm the breakout.
Risk Management: Place a stop-loss just below the new support level (the previous resistance) to manage the risk of a false breakout or price reversal.
DOGE Dogecoin Short Term Price TargetIf you haven`t bought DOGE before the previous major breakout:
nor sold the top:
Now looking at Dogecoin's chart, it appears to be attempting a breakout from a falling wedge pattern.
In my view, we’re likely to see an imminent breakout, or we may need to wait for the pattern to fully develop before the breakout occurs.
Either way, my price target remains $0.12.
TSLA : Initial Reversal or Continued Bullish Trend? (READ)By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price is moving towards the supply zone that we've marked on the chart. I expect that once the price enters the $233.5 to $274 range, we will see an initial negative reaction. However, keep in mind that with the potential for interest rate cuts in the coming months, the stock market might experience a revival, pulling out of the recent downturn we've been witnessing. Therefore, while we may see an initial negative reaction from the marked zone, I predict the overall trend will continue to be bullish.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
Tesla - Possibility Of A BreakoutNASDAQ:TSLA can break out soon:
Over the past two weeks we saw an incredible stock market rally and also Tesla completely reversed the flash crash which we saw in the beginning of August. It is still quite possible that Tesla will break out of the long term triangle and immediately head back to the previous highs.
Levels to watch: $230, $400
Click chart above to see the detailed analysis👆🏻
Keep your long term vision,
Philip (BasicTrading)
Truth Social’s Troubles: A Hectic Quarter and Tumbling ShareTrump Media and Technology Group ($TMTG), the parent company of Truth Social, has faced significant challenges in recent months, reflected starkly in its latest financial results. The second quarter of 2024 brought troubling news for TMTG, as the company reported a substantial net loss of $16.4 million and generated a modest $837,000 in revenue. This loss and revenue decline have had a notable impact on the company's stock, trading under the DJT ticker, which saw a nearly 38% drop from its mid-July highs.
Financial Struggles and Cost Pressures
The financial report reveals that legal expenses associated with the company's March SPAC merger, which facilitated its transition to a public entity, were a significant contributor to the losses. Additionally, substantial investments were made in IT and software development for the Truth+ streaming service, with over $3 million allocated to these areas. While Truth+ is expected to begin generating revenue next year, the current financial strain highlights the hurdles TMTG faces.
Despite the company's ambitious plans to expand and enhance its platform, including potential mergers and acquisitions, the results have been less than encouraging. Revenue for the second quarter has decreased from $1.2 million in the same period last year, raising concerns about the platform’s growth trajectory.
Ties to Trump’s Political Future
TMTG’s fortunes are intricately linked to the political fortunes of its chairman, Donald Trump. The company’s prospectus underscores that its success is partially dependent on Trump’s popularity and public perception. With Trump engaged in a fiercely competitive presidential race, the impact of his campaign's performance on TMTG’s stock remains uncertain.
Trump’s recent reactivation on X/Twitter, where he resumed posting after a period of absence, adds another layer of complexity. His activity on multiple social media platforms may influence public perception and, consequently, the value of TMTG’s assets.
Market Reaction
The market has responded negatively to TMTG’s financial disclosures. Shares of the company fell approximately 5% on the day of the report, closing at $24.88. This decline is compounded by the broader 38% drop in share price from July’s highs, reflecting investor concerns about the company’s long-term viability and the broader political climate impacting its success.
In summary, Truth Social’s performance in the second quarter highlights ongoing financial difficulties and a challenging market environment. As TMTG looks through this diffculties, its future will likely be shaped by both its financial management and the evolving political landscape. Investors and observers alike will be closely watching to see how these factors unfold in the coming months.
TSLA Bearish Pennant
NASDAQ:TSLA
I'm torn on Tesla (TSLA). While I believe Elon Musk is a visionary leader, the stock's short-term outlook appears challenging. Increased pressure from Chinese manufacturers like BYD and broader macroeconomic headwinds make a bullish picture difficult.
Tesla is more than just an automaker, with tailwinds from its energy storage, self-driving, and robotics divisions. However, these aren't likely to materialize in the near term.
Recent Developments:
Broke below 200-day moving average (DMA).
Retested and failed to break above the 200-DMA multiple times.
Formed a bearish pennant pattern between the 200-DMA and 100-DMA.
Bullish Case: TSLA recently broke above a downward trend line and is finding support on the 100-DMA. If this holds, we could see higher highs compared to the most recent run-up.
Bearish Case: A break below the bearish pennant while below the 200-DMA could target the previous low this year. While there's a chance of a buying spree at that point, a continued decline is also possible.
$1 Trln Wipeout: Mega-Cap Tech Stocks Hit Hard Amid Market RoutThe tech sector is reeling after a staggering $1 trillion wipeout in market value at the start of trading on Monday. This massive drop reflects broader market turmoil, with the Nasdaq plunging over 3% as it grapples with its steepest three-week slide in two years. The fallout is severe, with major tech giants like Nvidia, Tesla, Apple, and Amazon bearing the brunt.
Tech Giants' Massive Losses
The seven most valuable U.S. tech companies lost approximately $995 billion in market cap early on Monday. Nvidia saw its valuation fall by over $300 billion, although it managed to recover about half of that loss. Apple's market cap dropped by $224 billion, while Amazon's fell by $109 billion. Tesla, Microsoft, Alphabet, and Meta also experienced significant declines.
This sell-off comes on the heels of a tumultuous period marked by increasing recession fears. A disappointing U.S. payrolls report and a historic 12% drop in Japan's Nikkei 225, reminiscent of the 1987 Black Monday crash, have intensified market anxiety. Bitcoin, often a barometer for risk appetite in the crypto space, also plummeted 11%, further signaling investor jitters.
The AI Investment Debate
The tech sector's woes are compounded by concerns over the return on investment in artificial intelligence (AI). Nvidia, which once enjoyed a meteoric rise due to its GPUs fueling the AI boom, has seen its market cap fall from over $3 trillion to below $2.5 trillion. Despite impressive revenue growth, some analysts are cautioning against potential overinvestment in AI, suggesting that the hype may be overshadowing tangible returns.
Goldman Sachs has issued warnings about the limited progress seen from the substantial AI investments made by leading tech firms. Similarly, Elliott Management has labeled Nvidia’s situation as a "bubble," indicating a broader skepticism about the sustainability of the current AI-driven rally.
The Broader Impact
The broader technology sector is now facing a reality check as companies like Amazon, Alphabet, and Microsoft grapple with the financial strain of their AI investments. The recent drop in their stock prices reflects growing concerns that these investments may not yield the expected results in the near term. Additionally, Warren Buffett's Berkshire Hathaway's decision to cut its stake in Apple has only intensified fears about the tech industry's future.
As Wall Street shifts its focus to safe assets and anticipates potential Federal Reserve rate cuts, the tech sector's road ahead appears increasingly uncertain. The current market rout underscores the volatile nature of tech investments and the growing anxiety over the real impact of massive AI expenditures.
Technical Outlook
As of the current time, the shares of Tesla ( NASDAQ:TSLA ) stock have declined by 4.54%. Despite this, the stock is trading above the 100-day Moving Average (MA), with the Relative Strength Index (RSI) at 39, indicating a continuation of the bearish trend.
Conclusion
The $1 trillion wipeout highlights the volatility and risks inherent in mega-cap tech stocks, especially amid economic uncertainty and evolving market conditions. As the sector navigates this challenging period, investors will be watching closely to see how these tech giants adapt to the shifting landscape and whether they can recover from this significant setback.
bitcoin IN A cool positionHi guys. this thing has made a nice textbook channel, today we have non farm payroll and unemployment data in the US , it can make the buttom of this wave 4 looking thing that we all suspect. but it can also chop a litle more s that it would have at least the same amount of time as of its wave 2. if bitcoin goes above 66600, you got to be bullish. but so far SPX also has shown toppy , jeff bezos sold billions of his stock. so... don't do more crazy decisions, we have all been tricked enough this year.
TSLA Tesla Options Ahead of EarningsIf you haven`t bought the dip on TSLA:
nor sold this regional top:
Now analyzing the options chain and the chart patterns of TSLA Tesla prior to the earnings report this week,
I would consider purchasing the 235usd strike price Puts with
an expiration date of 2024-12-20,
for a premium of approximately $29.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Should you be selling your #Bitcoin for #TSLA right now?These types of rotations and range trades offer investors fantastic opportunities
if these relationships continue.
We have seen this for Bitcoin and it's ratio's to stocks/metals & altcoins is not a one way trade as it ONCE used to be.
2009 - 2017 was the golden #crypto era when gains were the easiest to acquire.
However the low hanging fruit has been totally plucked, as #BTC's returns have crawled to not much more (or sometimes less) than the leading stocks of the day.
I still maintain a $140-145k price target for this cycle for bitcoin
But I also have a very aggressive long term price objective for #TESLA of $1000
(which is around 3 trillion dollars market cap)
Could Tesla Blast off to Mars #TSLA to $999IF
I am seeing
what I think may be occurring.
This would represent a 10X from the lows of 2022
do you think that is possible
It's marketcap would be over 3 trillion dollars
not unreasonable if he pulls off a mission to Mars.
We need to keep an eye on TSLA and possible future SpaceX IPO's
DOGECOIN: Rising wedge + R.O.C DivergenceDOGECOIN: Rising wedge + R.O.C Divergence
The Wolf of Zurich has detected an ascending wedge + A nice divergence on the R.O.C = Rate Of Change, which indicates the variation of the Momentum of the underlying.
To watch the 50 and 200 exponential moving averages
The Fibonacci and ICHIMOKU levels
DOGEUSDT IDEA WEEKLY TIMEFRAMEBINANCE:DOGEUSDT
I am watching a breakout on weekly timeframe that can lead us to 0.22
after this a new higher high can possibly take us to next resistance that is 0.34.
NOT A FINANCIAL ADVISE DYOR.
Musk Hails Memphis Supercluster: Nvidia Stock Soars on AITech entrepreneur Elon Musk took to social media platform X to celebrate a significant development in the world of artificial intelligence (AI). In a post, Musk lauded Nvidia for their contribution to the launch of training for xAI's Memphis Supercluster. This massive computing facility, equipped with a staggering 100,000 of Nvidia's H100 GPUs, marks a significant leap forward in AI development.
The Power of Memphis: Supercharging AI Training
The Memphis Supercluster is no ordinary data center. Custom-designed for the specific demands of AI model training, it boasts a colossal 100,000 H100 Tensor Core GPUs from Nvidia. These cutting-edge processors are specifically architected to handle the immense computational workload required to train complex AI models. The sheer scale of the Memphis Supercluster signifies the immense processing power required to push the boundaries of AI capabilities.
Grok Gears Up for a New Era
The Memphis Supercluster isn't just a showcase of technological prowess; it has a clear purpose. This powerful facility is dedicated to training the next iteration of xAI's chatbot, Grok. While details about Grok's new capabilities remain undisclosed, the involvement of the Memphis Supercluster suggests a significant upgrade in its functionality. This could pave the way for more advanced natural language processing, improved reasoning abilities, and potentially even greater human-like interaction.
Nvidia Stock Rides the AI Wave
The news of the Memphis Supercluster's activation coincided with a surge in Nvidia's stock price. This rise can be attributed, at least in part, to the positive sentiment surrounding the project. The successful collaboration between xAI and Nvidia showcases the potential of H100 GPUs in the field of AI. This, in turn, could lead to increased demand for Nvidia's technology from other companies and research institutions working on cutting-edge AI projects. Additionally, the broader market may be recognizing the growing importance of AI and the role Nvidia plays in its development, leading to a general uptick in investor confidence.
A Look Ahead: The Future of AI
The launch of the Memphis Supercluster is a significant milestone in the ongoing quest for artificial intelligence advancement. The immense processing power it offers opens doors for the development of even more sophisticated AI models. As xAI trains the next version of Grok on this powerful platform, the world awaits with anticipation to see the new heights AI can achieve. This development, along with the positive reception of Nvidia's technology, suggests an exciting future for AI research and its potential applications across various industries.
DOGECOIN #DOGE Still The ALTCOIN KING And can charge to $1And Can lead the way for the rest of the #ALTS.
We have had some nice action by the bulls Already on dode
But like much of the altcoins have been dragged back down
YET higher lows are in place
and we see some symmetry in the price action in a bowling out fashion
IT would not surprise me in the least if DOGE were to make a new ATH this cycle.
Which doesn't sound like much of a feat ... but as any seasoned crypto speculator knows
nearly ALL altcoins essentially dies and fade away.
So making new highs every cycle puts DOGE in a elite club of coins.
TSLA: Triangle or flat?A temporary top is most likely in for TSLA. However, it is not going to be a 90% crash in my opinion. Love or hate Elon Musk, his antiques often hurt the share price and this time is no different. So far, the price action has been beautifully filling out a triangle pattern. And if the last leg of the correction is due, then price should not break below the $146 low. Ideally, price should find support on the upward trend line somewhere around $160 in the next 4-5 months to complete the triangle pattern and give us the wave five toward 1.618 fib level of the cycle degree wave 1 to complete cycle degree wave 3. The target could be whatever Cathey or other bulls have been telling us for years. For now, we need to watch the support levels. Below $160 we need to watch $146. If that breaks, then $100 comes in the picture. If that breaks, then $64 will be the last stand. If that breaks, then $26. But, right now, let's see how the correction plays out. If it a triangle, the E leg should be shortest in length and time. If it a flat, then C wave should be strongest and sharpest and might give the impression that the levels I mentioned above might come in play but won't happen.
WOOF WOOF BARK BARK DOGE THE GOOD BOYDoge chart looking really nice.
Not much to say.
Labeled most things on the chart.
Trend support picked up price action.
Big time trend support.
This is the kind of thing you want to see before a few hundred percent gains.
Good luck.
bitcoin elon 69 420Yes this is crazy, but these relevant numbers are reflected in the chart as timeframes and value supports. They are not fib levels that I know of, they are human only levels.
This may be a case of group-think, but for me it is more likely a loose orginisation of wealthy investors who are using the levels intervals to increase their bitcoin positions.
Note: this gets zero visibility when posting on twitter, maybe it's unpopular, but it more like it hasn't been visible. That does kind of makes sense though.
Long story short, best guess Elon is back, and number go up.
TESLAWeekly graph in log.
Linear regression line from the start of the quotation.
We are below one standard deviation from the median.
So for me possible purchasing area.
Make up your mind before placing an order.
► Please boost, comment, subscribe!
TSLA | TESLA is OvervaluedTesla, Inc.'s second quarter earnings confirm our view that the stock is one of the most overvalued stocks in the market.
Tesla's stock has been rising this year amid a sudden shift in overall market sentiment, with many investors now pricing in a soft-landing scenario after a brutal past year of Federal Reserve rate hikes. But the shift in market sentiment doesn't change the fact that Tesla's stock fundamentals are completely disconnected from reality. Tesla is a terribly overvalued stock that we think is worth closer to $26 per share instead of its current price of about $290 per share.
While Tesla is profitable, its profits are nowhere near the levels needed to justify its current valuation. We recognize that Tesla's business generates an impressive return on invested capital (ROIC), which is a key measure of profitability, especially for an automaker. However, that ROIC is already declining in the trailing-twelve-month (TTM) period.
Using our reverse discounted cash flow (DCF) model, we find that for the stock to have any upside at current levels, Tesla must improve its ROIC to levels not achieved by even the most profitable businesses in the world . Figure 1 shows Tesla's historical ROIC along with the future ROIC implied by its current stock price. We provide the assumptions behind this DCF scenario later in this report.
Tesla's latest earnings continue to show that it is not immune to competitive challenges and will likely see lower profitability in the future. But, its valuation implies the opposite. Any investor with fiduciary duties should be aware of the growing disconnect between Tesla's current fundamentals and the future fundamentals implied by its stock price. Even in an optimistic future cash flow scenario, shares could trade as low as $26/share. All the details are below.
Supply Constrained Argument Is Gone: Bulls have long argued that demand for Tesla vehicles has always exceeded the supply of vehicles. However, Tesla's multiple price cuts in 2023, along with its lackluster production levels through the first half of 2023, raise questions about just how much demand there is for Tesla vehicles, especially amid competition from rivals Ford (F), General Motors (GM) and virtually every other automaker. Q2 2023 marks Tesla's fifth consecutive quarter in which vehicles produced were greater than vehicles delivered. Tesla is no longer selling every vehicle it can make. Should demand for EVs slow, Tesla could find itself with higher than wanted inventory levels, which could lead to further price cuts and additional pressure on already falling margins.
Continued Cash Burn: Despite Tesla's top line growth, it continues to burn massive amounts of cash. Over the past five years, Tesla has burned a cumulative $4.2 billion in free cash flow (FCF), including $3.6 billion over the trailing-twelve months (TTM) alone. Tesla has generated negative FCF in all but one year (2019) of its existence as a public company.
Margin Decline: Tesla's "GAAP gross margin" was 18.2% in 2Q23, down from 19.3% in 1Q23 and 25.0% in 2Q22. 2Q23's GAAP gross margin was below expectations of 18.7% and remains at its lowest level since 4Q20.
Tesla's operating margin is also moving the wrong direction as it scales up. After selling 211 thousand more vehicles in 2Q23 compared to 2Q22, Tesla's reported operating margin fell 493 basis points YoY in 2Q23. Tesla noted in its press release that reduced average selling prices were one of the items that impacted margins in the quarter. We would expect Tesla's margins to fall further as competition limits pricing power across the industry.
While Tesla has rapidly ramped up vehicle production and deliveries, its market share must increase almost exponentially to justify the expectations baked into its stock price. However, as it stands, Tesla holds a meager share of the global auto industry, and its share of the EV market ranks behind incumbents across Europe and China.
In Europe, based on sales from May 2023, Tesla holds a 12% share of the EV market, much lower than VW Group (20%) and Stellantis (STLA) at (14%).In China, also based on sales from May 2023, Tesla holds 9% of the EV market compared to a staggering 38% share for top competitor BYD.
Bulls have long argued that Tesla isn't just an automaker, but rather a technology company with multiple verticals such as insurance, solar power, housing, and, yes, robots. We've long refuted these bull dreams. Regardless of the promises of developing multiple business lines, Tesla's business remains concentrated in its auto segment. Auto revenue accounted for 86% of Tesla's TTM revenue as of 2Q23.Tesla can no longer enjoy its first mover advantage as many other major automakers are producing electric vehicles. These competitors have more experience in auto production and more resources and cash flow than Tesla to invest in the electric vehicle market.
Tesla is at risk of losing market share to its competitors in the electric vehicle space and its stock price is currently not reflecting that, which is a major risk for investors.
Since bottoming out at the beginning of the year, the stock has come up almost 200%, stopping just shy of $300.
One could say the recent selloff is due to the earnings, but technical analysis would have suggested that a selloff was due even before the earnings.
Firstly, we can see that a significant bearish divergence has been building in the RSI since June. Furthermore, we have been nearing an important area of trade as highlighted by the red rectangle. The $300 level has been a key area of trade, and you’d expect to see some resistance.
So if a pullback has begun where can we expect it to end?
As I see it, we have formed an initial ABC structure from the lows in wave 1 of a five-wave impulse. This means that wave ii could now take us down to the 61.8% retracement of this rally, which lands us at $198.
We can see that this is also a very important area of support, as shown by the Visible Range Volume Profile. And, of course, we have the 200 day Moving Average offering support around this level, too.
$CTNT dilution is comingNASDAQ:CTNT They just announced dilution is coming, last time they did it the price pumped to $14+ don't miss out on this one fill your bags and watch the fireworks.
