원문 보기
what's going on guys today we're gonna be talking about Tesla stock and how we recently almost hit your all-time highs and we're gonna be talking about figuring out why exactly this is happening and be doing some technical and chart analysis on Tesla stock but before we get this video started don't forget give me a quick thumbs up if you're new to this channel hit that notification bell also leave some comments down in the comment section let me know as to why you think Tesla stock has been rising lately and they've simply been on fire but for now let's get this video started so first things first we're gonna be taking a quick look at Tesla stock as you can see right here I have lots of lines drawn in if you're not new to this channel then you will know exactly what these lines mean right here we have a strong support here so right here we have these two red lines which I would consider strong buys and to be strong supports and as we can see in the past is one hundred and eighty dollar line has acted as a support because Tesla has bounced on this line multiple times and almost immediately recovered and right here at the very top we have a resistance line which Tesla has not been able to surpass for some reason I've drawn this resistance line at around 380 and as you can see Tesla has bounced off this line and has not been able to pass it now just because we have a resistance line right here does not mean that Tesla cannot break through resistance it has happened many times where you see a company break through resistance and this could possibly be one of those times but as of now we're gonna zoom into the one-hour charts you could see that this resistance line Tesla barely went over it I think we hit 52 week highs 383 dollars and 61 cents so right now Tesla is near the top of their 52-week highs we're currently up 5.4 percent on the day and as you can see this line right here Tesla went a little bit over the $380 line and immediately got reject and Tesla immediately got rejected by the resistance line so does this mean that Tesla's gonna be on a downfall it absolutely does not mean that on top of that we have to take into consideration that Tesla is gonna be reporting their quarterly earnings very soon and on top of that Tesla has made a promise to deliver I think it was three hundred and sixty thousand vehicles this year and according to Tesla according to Elon Musk it does look like they will deliver on that promise but it's going to be very crucial it's gonna be very tight and this last quarter and the remaining part of this year is going to be play a big factor as to whether Tesla will be able to deliver three hundred and sixty thousand vehicles this year and if Tesla even comes close to that I could possibly see Tesla rising even further and I have made multiple videos talking about these resistance lines these support lines and talking about how it's very possible the Tesla break above this resistance line right here at 380 dollars so now we're gonna take a look at a few articles and talk and try to figure out why Tesla has been on fire so the first article I found let's just look at it real quick Tesla stock is soaring the question is why so Tesla stock is soaring up more than $23 6.5% on Monday which is 2 J which is today which is a fresh 52 week high for the electric vehicle 1 automotive analyst told Barron's that Tesla's move was surprising noting that US Federal evey tax credits are set to decline in 2020 and a Wall Street trader didn't have an extra insight when asked about Monday's move so from that article we pretty much got next to nothing but we're gonna look at a second article where it says Tesla stock zooms towards 2-year highs on China factory optimism so Tesla Inc shares rallied more than 6% on Monday on track for their best close since September 2017 which was which is Tesla's all-time high which is right here at 385 dollars as Tesla's all-time high we're gonna look at that real quick so right here to September 2018 as you can see right here Tesla went up as high as 385 dollars which is their all-time highs and we are really close to beating that right now we're slowly declining we are now sitting at 377 as I mentioned we are not going above that resistance line right now but I definitely see it as a possibility as long as Tesla keeps crushing these numbers and bringing out good news but let's go back to the article so the stock was the best performer from Monday on NASDAQ and was among the top 10 most active so analysts at Oppenheimer on Monday highlighted photos of Tesla vehicles produced in the under construction China Factory and said that expectations for a relatively smooth ramp for the Shanghai facility are increasing Tesla has learned important lessons from production ramps for its Model S Model X and model 3 and it is implementing best practices in new factory the analyst said in a note in the near-term it appears Tesla is tracking towards being able to achieve its target for delivering 360,000 vehicles for the year they said we note that Tesla's deliveries are highly concentrated towards the end of the quarter execution over the next two weeks will be critical for the fourth quarter 20-19 results Tesla is expected to report four quarter deliveries early January and fourth quarter results likely in February so early January in 2020 we will see if Tesla will deliver what they promise which is three hundred and sixty thousand vehicles being delivered in one year and in February most likely we will see the fourth quarter results for 2019 and we all look forward to that honestly I think it's gonna be a great year for Tesla I a lot of people there's a lot of hype around this company right now mostly because the Tesla cyber truck and on top of that on top of that they have the Tesla cyber quad which I think will be a big hit and I've mentioned this many times I think Tesla will continue to evolve and go beyond just the truck the car and the quad I'm hoping to see Tesla motorcycles Tesla ebikes I've read some comments before where Elon must said he he's he got in an accident or lost a family member as a child due to a motorcycle and he will never make electric motorcycles but putting that aside I do think eventually one day Tesla will have a Tesla motorcycle and I think that would be a huge hit especially because it will be a lot cheaper than the cars and the more people that want to see a Tesla motorcycle the more likely I think they will be able to create one and who knows me I know either unless likes taking on challenges one day he could create the safest motorcycle but for now let's just focus on the Model S the Model X's and the Model ease and how they sell and how much they're able to sell in 2019 and next year 2020 2021 I think will be a huge year for Tesla especially if they release that cyber truck there's still no date on that but for now that's if for Tesla let me know in the comments section how high do you think Tesla will go I've made a couple videos where I talk about Tesla going to $400 cuz there was even a billionaire who mentioned Tesla was gonna go to $1,000 are shared by 2020 which does seem a little too high I think 400 is very realistic and depending on how they crush these numbers I'm going above 400 is also possibility but always remember guys this channel is strictly for educational and entertainment purposes always do your own due diligence don't forget to do your own homework and never purchase a company just because I talked about it but that's it for Tesla if you guys enjoyed this video don't forget give me a thumbs up hit that notification Bell smash that subscribe button I'll see you guys on my next video bye bye you
Comments 0