TeslaLong
Tesla, Inc. (TSLA): Long-Term Bullish Perspective
🚨 Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any trading or investment decisions.
Key Insights:
Elliott Wave Framework:
- Tesla is displaying a bullish Elliott Wave structure on the weekly timeframe.
- The chart highlights a completed Cycle Wave I, followed by a sharp corrective Cycle Wave II, and the beginning stages of Cycle Wave III.
- Within Cycle Wave III, Tesla is currently completing Primary Wave (I) and preparing for a pullback into Primary Wave (II).
Current Price Action:
- Tesla is trading at $403.84, with a notable upward trend since the bottom of Wave II.
- The immediate resistance lies near $500 - $525, marking the end of Wave (I).
Support & Resistance Levels:
Key Support Levels:
- $350 - $325: A strong demand zone and potential area for Wave (II) completion.
- Invalidation Level: $102.13, which would invalidate the current bullish structure.
Resistance Levels:
- $500 - $525: Expected resistance for the completion of Wave (I).
- Long-term targets near $600+ for Cycle Wave III.
Projected Path:
- After completing Wave (I) near $500-$525, Tesla is expected to undergo a corrective Wave (II), possibly retracing to $350 - $325.
- The next impulsive Wave (III) within Cycle Wave III will likely push Tesla toward $600+.
Actionable Plan:
For Long-Term Investors:
Consider holding through any corrective phases, as the macro trend remains bullish.
Look to accumulate shares during the expected Wave (II) correction between $350 - $325.
Fundamentals:
- Tesla's growing dominance in EVs and energy solutions supports its long-term bullish outlook.
- Production ramp-up in Giga Texas and Berlin could fuel the next growth phase.
Macro Trends:
- Fed interest rate decisions and overall tech sector performance will impact valuation.
- Expansion of renewable energy and EV incentives globally.
Final Thoughts:
Tesla's long-term growth potential remains intact, supported by strong fundamentals and a clear Elliott Wave structure. While short-term corrections may occur, the macro bullish trend offers significant opportunities for long-term investors and swing traders alike.
📈 Stay Updated: Follow for detailed technical analyses, trade setups, and market insights. What’s your take on Tesla’s next move? Share your views below! 🚀
Key Insights:
Elliott Wave Framework:
- Tesla is displaying a bullish Elliott Wave structure on the weekly timeframe.
- The chart highlights a completed Cycle Wave I, followed by a sharp corrective Cycle Wave II, and the beginning stages of Cycle Wave III.
- Within Cycle Wave III, Tesla is currently completing Primary Wave (I) and preparing for a pullback into Primary Wave (II).
Current Price Action:
- Tesla is trading at $403.84, with a notable upward trend since the bottom of Wave II.
- The immediate resistance lies near $500 - $525, marking the end of Wave (I).
Support & Resistance Levels:
Key Support Levels:
- $350 - $325: A strong demand zone and potential area for Wave (II) completion.
- Invalidation Level: $102.13, which would invalidate the current bullish structure.
Resistance Levels:
- $500 - $525: Expected resistance for the completion of Wave (I).
- Long-term targets near $600+ for Cycle Wave III.
Projected Path:
- After completing Wave (I) near $500-$525, Tesla is expected to undergo a corrective Wave (II), possibly retracing to $350 - $325.
- The next impulsive Wave (III) within Cycle Wave III will likely push Tesla toward $600+.
Actionable Plan:
For Long-Term Investors:
Consider holding through any corrective phases, as the macro trend remains bullish.
Look to accumulate shares during the expected Wave (II) correction between $350 - $325.
Fundamentals:
- Tesla's growing dominance in EVs and energy solutions supports its long-term bullish outlook.
- Production ramp-up in Giga Texas and Berlin could fuel the next growth phase.
Macro Trends:
- Fed interest rate decisions and overall tech sector performance will impact valuation.
- Expansion of renewable energy and EV incentives globally.
Final Thoughts:
Tesla's long-term growth potential remains intact, supported by strong fundamentals and a clear Elliott Wave structure. While short-term corrections may occur, the macro bullish trend offers significant opportunities for long-term investors and swing traders alike.
📈 Stay Updated: Follow for detailed technical analyses, trade setups, and market insights. What’s your take on Tesla’s next move? Share your views below! 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.