NMS Investment Research

Tesla stock pulled back over 4% on Monday after the company announced that they will offer a free trial of its full-self driving software in China, starting March 17 through April 16. This could be in response to Tesla's competitor, BYD, which is giving away their free advanced driver-assistance system (ADAS) with DeepSeek AI integration. Beware that Tesla s tock 's downtrend remains intact. The stock suffered from an avalanche breakdown after the stock broke the shoulder of the "head-and-shoulders" chart pattern at the end of February , with the price target of $194.81 . Coincidentally, a 60% pullback from its high is $195.42. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

The S&P 500 bounced off the trendline support to close at 5, 638.94 on Friday , retesting the November '24 breakout. Note that the S&P 500 would be in correction territory if the index closed below 5,5 3 2.69 . Let's see whether the index can break above its 200-day EMA. It is quadruple witching next week and hence it could be very volatile. Be aware that the 2Y treasury yield is dip ping below its 600-day EMA, meaning the US could be entering a recession or already be in a recession. The current real GDP estimate for Q1 by the Atlanta Fed GDPNow stands at -2.4%. In the past 25 years, all three US recessions occurred after the 2Y treasury yield dropped below its 600-day EMA. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

  Tesla stock bounced off the trendline support on Tuesday after Trump endorsed Tesla EVs at a gathering on the White House driveway. Hours later, Yahoo Finance reported that Elon Musk was considering a $100 million donation to a super PAC associated with Donald Trump. Yahoo Finance also reported today that Tesla U.S. registrations fell 11% in January. Tesla s tock is now stuck between a " w eak" trendline support and the 600-day EMA . Beware of the bearish crossover between the 50-day and 100-day EMAs. The stock suffered from an avalanche breakdown after the stock broke the shoulder of the "head-and-shoulders" chart pattern at the end of February , with the price target of $194.81 . Coincidentally, a 60% pullback from its high is $195.42. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

  Tesla stock tumbled over 15% on Mon day after UBS lowered their Q1 EV delivery estimates from 437k to 367k. UBS now sees Tesla's gross margins shrinking to 10.3%, compared to 16.4%, during the same quarter a year ago.  The bearish "lower-lows" chart pattern resumes after the stock broke the shoulder of the "head-and-shoulders" chart pattern at the end of February , with the price target of $194.81 . Coincidentally, a 60% pullback from its high is $195.42. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

  Tesla stock broke the downtrend channel to the downside after CnEVPost reported on Wednesday that Tesla sold only 30,688 EVs in February in China, down 49% Y-O-Y. The stock is now retesting the trendline support at ~ $260 and could bounce off from here. If the bulls are unable to take the stock higher above the psychological $1T resistance level, the bearish "lower-lows" chart pattern will resume. Beware that the "head-and-shoulders" chart pattern , with the price target of $194.81 , is now confirmed . This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

  Tesla stock broke below t he price target of $288.39 for a descending triangle chart pattern breakdown on February 5 . The stock is threatening to break the downtrend channel to the downside. Be aware that Tesla bulls could step in and try to take the stock back up above its $1T valuation in anticipation of the release of the "PLASTIC" CyberCab in June. The next support level is ~ $260. More selling pressure could continue as t he "head-and-shoulders" chart pattern has emerged with the price target of $194.81. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

  Tesla stock took a nose dive , down over 8% for the day and wiping out the post election surge, after Bloomberg reported that Tesla's January EV sales in Europe plunged 45% Y-O-Y . From a technical viewpoint, Tesla stock's downtrend is still intact with t he price target of $288.39 after a descending triangle chart pattern breakdown on February 5 . The stock broke below its 200-day EMA intraday and could be heading down to test the $288.39 level this week. Beware of the bearish "lower-lows" chart pattern as well as the emerging "head-and-shoulders" chart pattern!!!!! This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!