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Trading Roundup: The Revolutionising Tesla

December 01, 2017 14:18

Too Good... and True

Elon Musk is an extraordinary businessman, engineer, and inventor who manages to create incredible buzz and excitement in the industry. The Tesla Roadster, fastest car ever produced, shook the automotive world earlier this month with its never-before-seen specs and performance.

It's the first all-electric supercar to break virtually every record… and still fit seating for four. 0 to 100 km/h in 1.9 seconds? That's exactly how fast the Tesla Roadster can accelerate.

As if that wasn't enough, it will be made to "fly short hops" as teased by Mr Musk himself on Twitter. Elon has once again proved he's a little bit too much into "rocket science".

Tesla, Inc. in Overview

Tesla Motors, Inc. (#TSLA) has well seen pullbacks on the market this year, but its stock still remains up 44% year-to-date.


The corporation is able to think out-of-the-box, not only introducing groundbreaking updates, but also landing powerful customers with a bunch of attractive offers, the most recent being DHL and Fortigo Freight Service. The combination of the two aspects, in turn, promises Tesla investors bigger profits in the long run.

Tesla is undeniably creating the industry, which strengthens its potential to conquer more new heights in the future. According to different sources, the corporation's stocks are now stabilising in the light of current events, and Tesla shares are expected to rise to cover for some of the past losses.

Analysing Tesla Share CFD

Source: #TSLA, daily chart, Admiral Markets MT4 platform, Oct 2016-Nov 2017

#TSLA is currently consolidating within the daily rectangle pattern between M L3 and M L4 (monthly) Camarilla pivots 304.22-316.96. The consolidation happened precisely after the trendline broke to the downside, following the bearish SHS (Head-and-Shoulders) pattern.

We then have two possible scenarios. The first scenario is that the stock price retraces to the POC zone (Q L3, EMA89, M H3, 50.0) 329.83-341.10 and then rejects towards the M L4 pivot point 304.22.

The second scenario is that the stock breaks 304.22. If that happens, the next target could be the zone 288.27-281.43. 281.43 is the monthly L5 level, and it acts as a strong support for the stock, which means we might see new buyers within this price zone.

Trade Stock CFDs with Admiral Markets

Tesla leading by example, we also strive to provide our clients with the best range of trading instruments, including CFDs on stocks of the world's top companies.

But before you start, please be sure that you understand that trading involves risk and isn't suitable for all investors.

As a responsible and regulated online broker, we encourage you to practise with virtual funds on a 100% free Demo Account, whether you are a beginner or a professional. Always test new trading plans or strategies before depositing on your Live Account!

When you're all set and ready to go live, the future of the most advanced trading platforms, MetaTrader 5, will be waiting for you, available for free download. Both MetaTrader 4 and MetaTrader 5 come with a Supreme Edition plug-in that brings you more than 60 handy features for the smoothest trading experiences.

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See you next week!

Cheers and safe trading,

Olga & Nenad

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