WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Loyalty

Loyalty

ECONOMIC EVENTS

 UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

***2024***
* Wed. Dec. 18 @ 2:00 pm ET - FOMC Rate Announcement + Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

*** CLICK HERE for link to Economic Calendars for all upcoming events.

Wednesday, February 07, 2018

What's Ahead for Tesla (TSLA)?

I have a question for Elon Musk (of course it's silly, but a little levity never hurts). Where's the next charging station located for his space-bound Tesla Roadster? ðŸ‘€








The following news clip and videos from TheGuardian.com describe yesterday's spectacular space launch...






At the moment, price on this weekly chart of Tesla (TSLA) is embedded in a large downward-sloping consolidation zone. As long as it stays above its channel median, and as long as the momentum indicator remains above the zero level on this timeframe, there is a chance we could see it recover to retest prior all-time highs, and, even, push higher. Otherwise, a drop and hold below these levels could see it drop to the channel bottom around 280.00, or lower.

Perhaps yesterday's successful launch will be the shot in the arm to resuscitate this stock.


Posted by at