| | | | What we have here is a chart peppered with red dots, each screaming "discount aisle" for TSLA whenever the stock dropped a hefty 20% below its 50-day moving average, which is where we’re at right now.
Decoding the Red Dot Dots
Every red dot is like a beacon for bargain hunters, signaling those moments when Tesla took a dive deep enough to make seasoned investors' palms itch with anticipation. It's almost as if Tesla throws a flash sale, and history has shown us that these price dips tend to be temporary setbacks on an otherwise upward, trailblazing path.
Will that be the case again in the near term? Well, only time will tell…
Why Log Scale Matters
Now, this isn't your grandpa's line graph — it's log scale. It evens out the extreme highs and lows, giving us the real scoop on Tesla's growth over nearly 15 years. It's a smooth ride on a chart that otherwise would've looked like a kid's drawing of mountains during an earthquake.
The Scoop on the 50-DMA
That 50-day moving average? Think of it as the shadow of Tesla's stock price — sometimes it looms large, sometimes it's barely there. When TSLA's price plunges way below it, like we see with our red dots, it's often Wall Street's whisper that maybe, just maybe, it's time to snap up some shares before they bounce back.
Of course, I’m a Tesla perma-bull, so that should be duly noted as this isn’t financial advice! But if you believe in Tesla’s long-term growth prospects, as I surely do, then keep reading…
What's the Buzz for Buyers?
So here's the million-dollar question: What do these red dots mean for you, right now? If Tesla's in red-dot territory, it might just be the universe's way of winking at us, hinting at a comeback kid moment. Given Tesla's knack for bouncing back, those dips could be the starting blocks for the next rally.
A Word to the Wise
But remember, past performance is like looking in the rearview mirror while flooring the gas pedal — it's useful, but it doesn't always show what's ahead. Each red dot also carries the weight of risk and the chance that this time, the bounce back — or lack thereof — might be different.
The beauty of trading is we can play either side, up or down, once we get a strong enough confirmation of a high-probability move to justify risking our hard-earned money.
While I may be a Tesla perma-bull, that doesn’t mean we only like to trade it to the upside. Heck, that’s like fighting with one arm tied behind your back! Tesla will have downturns, some will be big — note the red dots — and we’ll be there.
We are clearly in a bearish cycle right now
To sum it up, Tesla's price journey has more ups and downs than a theme park, and these red dots have often been the prelude to price spikes — in the past. For those thinking of buying TSLA stock, these historical pivot points might be worth a peek.
Keep your eyes peeled, do your homework and remember — market timing is more art than science.
Just make sure you're not betting the farm without looking at the big picture.
The team at Lance Ippolito Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. | | | | |
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