As we've all seen in recent weeks, the markets have taken a huge hit due to Mr. Trump's tariff policy, but if we have to single out any company in particular, it's undoubtedly TESLA. TESLA has clearly suffered a BOYCOTT as punishment for the tariffs. The punishment is so severe that it has already come to light that ELON MUSK HAS PRESSURED TRUMP on the tariff issue because they are seriously affecting his companies, TESLA and SPACEX.
--> Will ELON MUSK be able to convince Trump that he's not on the right path?
I think so, because Trump himself isn't interested in watching the American market continue to fall while Europe continues to skyrocket. Therefore, it's VERY PROBABLE that we'll start to see positive messages for the American market coming directly from the White House.
--> And TESLA? What is the company's technical outlook?
To analyze the company, we will use the H1 chart and the SUMMARY TABLE above. I have also added the Daily chart to get a general overview of its situation. If we analyze the table, we see the following:
1) Weekly: BULLISH (losing strength), meaning its trend remains BULLISH despite its declines, but it is losing strength.
2) Daily: NEUTRAL. The trend is NOT DEFINED on the daily chart, and therefore, we must look at another timeframe to be able to predict whether it will turn bullish or bearish at some point.
3) H4: BEARISH (losing strength). Its trend is BEARISH, but it is LOSING STRENGTH, meaning it is beginning to gain bullish momentum.
4) H1: BEARISH (retracement). The trend on H1 is DOWNWARD, but it's in a RECOVERY PHASE; it's RISING, as can be seen on the chart that has marked the BULL signal.
Therefore, looking at the H1 chart, let's see what key areas we need to monitor to know when to go long or short at some point.
1) On the downside, 200 is a very important support that SHOULD NOT BE LOST, because if it does, the fall could be much greater.
2) And on the upside, we have the 262 and 303 zones. If it clearly breaks through this last zone, it would be the START of a TREND CHANGE on the H1 TIME FRAME and therefore could be a good entry point, considering it could reach the year's highs again.
In short, we are still in a bullish trend in the long term and a bearish trend in the short term, BUT the H1 chart is starting to gain BULLISH STRENGTH. We'll be on the lookout for a possible long entry when the H1 chart shows an uptrend again. And ALL with TRUMP's permission!!!
Best regards and good luck in the markets!!
--> Will ELON MUSK be able to convince Trump that he's not on the right path?
I think so, because Trump himself isn't interested in watching the American market continue to fall while Europe continues to skyrocket. Therefore, it's VERY PROBABLE that we'll start to see positive messages for the American market coming directly from the White House.
--> And TESLA? What is the company's technical outlook?
To analyze the company, we will use the H1 chart and the SUMMARY TABLE above. I have also added the Daily chart to get a general overview of its situation. If we analyze the table, we see the following:
1) Weekly: BULLISH (losing strength), meaning its trend remains BULLISH despite its declines, but it is losing strength.
2) Daily: NEUTRAL. The trend is NOT DEFINED on the daily chart, and therefore, we must look at another timeframe to be able to predict whether it will turn bullish or bearish at some point.
3) H4: BEARISH (losing strength). Its trend is BEARISH, but it is LOSING STRENGTH, meaning it is beginning to gain bullish momentum.
4) H1: BEARISH (retracement). The trend on H1 is DOWNWARD, but it's in a RECOVERY PHASE; it's RISING, as can be seen on the chart that has marked the BULL signal.
Therefore, looking at the H1 chart, let's see what key areas we need to monitor to know when to go long or short at some point.
1) On the downside, 200 is a very important support that SHOULD NOT BE LOST, because if it does, the fall could be much greater.
2) And on the upside, we have the 262 and 303 zones. If it clearly breaks through this last zone, it would be the START of a TREND CHANGE on the H1 TIME FRAME and therefore could be a good entry point, considering it could reach the year's highs again.
In short, we are still in a bullish trend in the long term and a bearish trend in the short term, BUT the H1 chart is starting to gain BULLISH STRENGTH. We'll be on the lookout for a possible long entry when the H1 chart shows an uptrend again. And ALL with TRUMP's permission!!!
Best regards and good luck in the markets!!
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.
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.