TESLA Can it reach $345 in January based on this Channel Up?Tesla (TSLA) has been trading within a Channel Up pattern ever since the January 03 2023 market bottom. Since last week, it is staging a rebound sequence as it hit and held (closed 1W candle above it) the 1W MA50 (blue trend-line) which happens to be on top of the 1W MA200 (orange trend-line). Technically that is the bullish leg towards a new Higher High.
However, the last Higher High of the Channel Up was rejected on the Lower Highs trend-line that remains in effect since the November 01 2021 All Time High (ATH), which is essentially the major Resistance of the 2022 Bear Cycle. If it breaks above it, we can expect a Higher High bullish sequence towards $345 at least, since it would represent a +75% rise from last week's bottom (Higher Low), assuming the Higher Highs are on a -$20 decline rate.
Notice also the fair flipped symmetry of the 1W RSI after the January 2023 bottom and the price action before it. If it holds the Support as it held it during the Bear Cycle, we can even see $400 early in Q3 2024.
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Electricvehicles
$TSLA Winning Play // Solid PatternOver the last few months I've really come to appreciate the consistency of trading large tickers in the EV space. With TSLA dominating the charging market, there really is not reason for this to not demonstrate significant gains in both the short and long term. This definately has to be balanced with the prospect of a comming recession / housing bubble.
Check out the analysis, with the 30-minute chart. Based on 16 trades, we're seeing a 87.5% win rate with regular candles and a profit factor of 2.082.
#ev #tesla #musk
Tesla $500 is bull run target 📌 It's very simple analysis based on supply and demand
Present micro 📌
it's clear move high and high 💰 with low and high slowly shifting it's pattern to bull side 😛
Present left side 102 BARS haven't broken yet
Even the last High and low was wasn't broken yet
But
Reach $325 sign ☢️ left side lowe high was broken
We will see selling and correction pressure when NASDAQ:TSLA reach $320-325
then I will update here what's the correction target was
Let's talk about macro analysis ⏰
It's completely going in p03
Already bull entered into left side distribution zone 📌 🙄 broken
Basically left side p01 easily broken 😂 but still PPL think $100-150 below it comes
Basic sence 6M close postive present price ( PA ) broken High level zone trading there any time easily broken
Expecting $500-530
Catch 🫴 time correction
Invalid 📌 when it back to 1st High lower below 📍 DYOR
Support and follow article so I will update you 😜
Anything keep comments and even more drop ur question ❓ to private box ☑️
Rivian is trading in a dangerous zone - be patientHello ,
Although Rivian, since it deals with electric cars, is obviously a highly speculative paper. (Since everyone is looking for the next Tesla right now.) If you're thinking about buying Rivian stock, keep in mind that the red zone is a neutral level.
The exchange rate moves in exactly one area, where it can move up and down by 10-20%. So it is not worth taking a position here in any way. Because it would be suicide.
All important things are visible on the graph. Below the red zone, the $13 level could be a good buy zone. Above the red zone, the $38 price target looks realistic.
Do not forget. This does not constitute investment advice. Do your own research before entering a position.
Regards
In extreme cases, we can count on new lows. But this would be triggered by very negative news that directly affects the company or the EV sector.
TESLA Buy opportunity in disguise?Tesla (TSLA) had a massive opening drop yesterday and almost hit the 1D MA200 (orange trend-line) for the first time since May 31. With the 1D RSI oversold at 30.00 and Support 1 (212.50) formed by the August 18 Low just below, this sell-off may be a buy opportunity in disguise. If it holds, then the dominant medium-term pattern will emerge as a Descending Triangle and our target will be the Lower Highs of July 19 at 255.00 (just below the 0.786 Fibonacci retracement level, similar to the September 15 Lower High).
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Do Li's electric vehicles are charged enough for Q4? One of my favourite ideas in electrical vehicle space - China's Li.
Mid-term price structure still looks bullish to my eyes, despite Sep's sell-off bellow 50D MA. While the price is still under it (what is a "no-go" rule for any substantial long trades for me), I do like how price managed to find foothold slightly crossing below the ideal support zone.
In the ideal world, I would argue that price is trying to form the bottom of what will later form into the lower are of a cup. That means that the price needs to hold above 33 area and start building the right side and later the handle of the reliable cup-and-handle pattern.
In the short-term, I want the price to reclaim 21ema and fill the gap-down, happened late September. If the price follows through, we will see the key moving averages ordering into the right bullish sequence: 8ema/21ema/50ma what will probably provide us with the MA's crossover and at least several days tight cheat area with low risk-entry point.
The fundamental side of Li's story makes almost the perfect case for the next up-cycle's true market leader: top-level triple digits earnings and sales growth last quarter, consistent double digits 3 quarters sales growth; super high annual earnings estimates. I would place a bet, that if price manages to move above 50D MA, institutional sponsorship will be increasing providing the fuel for the suggested bullish scenario.
PSNY Don't be too bearish at this levelPerhaps I am completely naive, almost certainly, lol... in my opinion, a bullish movement is about to happen soon. To at least attempt to reach the resistance at $3.19. Surely the short sellers will take new positions. Each phase of bullish consolidation or distribution (depending on our perspective) has lasted about 90-95 days.
But for me, we are currently in a massive "bullish" pattern that will try to break to the upside...
Worst scenario? Or perhaps, the stock will lose steam, doze off, and slowly fade away over the next 12-18 months...
Tesla (TSLA) -> 300% Is The GoalMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Tesla.
With the Covid19 Crash in March of 2020 Tesla stock perfectly entered a solid rising channel and and pumped more than 1000% towards the upside before retracing 70%.
Following this bullish trajectory I do expect another short term pullback to retest the $200 level before we could see a pump at least back to the previous all time high at $400.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
$TSLA Re-entering the $400 rangeFig. 1 displays a potential re-entry of NASDAQ:TSLA (Tesla Inc.) into the range of $400-588 as our target. This analysis is based on a slight confirmation of the Fibonacci guide .618 ratio (indicated in green) as observed in late April this year. There is room for future confirmation if the price recedes below the moving average cross (MA cross) Fig. 2 .
[ Fig. 3 ] We can anticipate a slight downturn in the price of NASDAQ:TSLA , from its current level of $259, towards or below the moving averages indicated by the cyan and blue indicators. This potential dip is expected to be followed by an upward rebound, leading to a re-test of Zone 1 .
PSNY: First buy signal. With Supertrend Indicator1. First buy signal with supertrend indicator
2. Gap to fill around $3.00 to $3.12 (Thanks to Barclays downgrade :S )
3. Second gap to fill (Wall Street dropped the stock after last earnings/results)
Before buying a few hundred or thousand shares, I'll wait for a consolidation of about 5-10 days, and especially for the EMA 9/20 to cross on the daily chart. Too many times we've been caught buying too early or not waiting long enough.
And if, by any chance, Wall Street decides to push the price up by +50%, I'm already on the train with thousands and thousands of shares... lol 🚀💰
RIVIAN Confirmed sell signal after Higher Lows break-out.Rivian Automotive (RIVN) broke yesterday below the Higher Lows 1 trend-line, which was supporting since the June 27 Low. With a clear rejection on the 1D MA50 (blue trend-line) the day before, this bearish break-out may create a Channel Down that could target the Higher Lows 2 trend-line. Until then, we have the critical 1D MA200 (orange trend-line) Support to consider. As a result, following also the completion of a 1D MACD Bearish Cross yesterday, we are bearish now, targeting $18.50 (1D MA200).
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TESLA: Halfway through the Channel's rally, targeting $325.00Tesla is expanding on the third HH rally of the Channel Up that started exactly at the beginning of the year. By establishing the 4H MA50 as Support since the start of September, the 1D timeframe is on very healthy technicals (RSI = 61.424, MACD = 2.360, ADX = 32.566) giving a buy continuation signal on TSLA.
We are long, targeting the red Triangle area (TP = 325.00).
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TESLA Is turning into one of the hottest buys right now.Tesla Inc. (TSLA) is on a strong 1D green candle, approaching the 1D MA50 (blue trend-line0 for the first time since the August 04 break. The 1D MACD just completed a Bullish Cross yesterday indicating that the stock has confirmed the start of the new Higher High sequence towards the top of the year long Channel Up pattern.
This could be either near the 2.236 Fibonacci extension or a +80% rise (decreasing rate). Our target of $350.00 is within both parameters.
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Tesla -> Wait For The 3rd Timeframe!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪
After Tesla stock broke out of the parallel channel all the way back in 2019 there was a super solid rally of more than 1500% towards the upside on this stock.
You can also see that Tesla just retested and started to reject previous weekly structure and in confluence with bullish moving averages we could see more continuation towards the upside.
Finally I am waiting for a daily shift back to a bullish market which will happen if Tesla breaks the current daily resistance level and then all 3 timeframes are pointing towards a move higher.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Long DCFCLong DCFC last few days, average price around $1.00. Pretty heavy. Chart is beautiful.....massive H and S reversal pattern. If Daily closes like this epic hammer candle. Electric vehicle narrative only going to heat up. TP is retirement (just kidding lol). Not advise, good luck.
$REE - 126M in cash, 52M marketcap, no debt - TRIPLE BOTTOM BOOMREE Automotive has been in a downtrend for a while. VERY LOW RSI. Initial vehicles produced and certified by EOY. Massive market with a revolutionary technology. Low total cost of ownership and expected EBITDA positive by 2025. NASDAQ:TSLA , NYSE:F , $GM. This is my own opinion, and you should not take this as financial advice. Own your own trades.
NIO | Solid Price Action At The Current BottomHi,
Nio is a leading electric vehicle maker targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles.
The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies.
Nio launched the first model, its ES8 seven-seater electric SUV in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.
Technically NIO looks attractive; I like the way it found a support level from my previous call(s) at TradingView. I like the previous monthly close and if somebody is interested in it then I can give a technical confirmation. Technically it is solid but you have to consider fundamental risks to invest in China and etc.
Technically haven't seen such a price action that can be attractive for me on the NIO chart. I cannot say that it is the best but first time, since the all-time high, it looks solid and I would like to share it - odds should be in our favor ;)
NIO price got a rejection upwards from the minor horizontal area, there was also the psychological number of $10 and a gap fill from 2020. These criteria held it, got a rejection, and now in the last week it found a great volume and it brought the price to another obstacle which is around $15. So a little pullback was expected.
A strong area around $15 can act, and actually has already acted, as a solid resistance level. Still, I'm waiting for that retest because we have some short-term new higher highs, a strong bullish weekly candle close above the Weekly Moving Average of 50 (orange line).
* Considering the recent price action then we should see the retest and an optimal buying zone should stay between $9.5 to $12.5
* First targets updated on the chart room
Good luck!
Tesla (TSLA) | Approaching a Strong Support Level!Hi,
The well-known Tesla (TSLA)
Just in case I have to "reveal" my next buying zone in time because the pullback has started and it can be quite aggressive. Preparing is the key, and let's prepare then ;) The last idea TP levels reached perfectly, ~$300...
To the point, my eyes are pointed around $180 to $215 and the criteria are:
1. The trendline - the trendline has been drawn from the closing prices to remove the noise from the candlestick chart. If you use a candlestick chart then the closing prices are the right way to go if you want to remove the extra noise that wicks can make. Atm this major downward trendline has been broken during June and if the price starts to reach back there to retest it then it acts as a support level, as a buying opportunity for you!
2. Strong horizontal price zone - the middle gray area has been worked as a support and resistance level multiple times. Basically, if the price reaches there then investors "feel" it and something always happens. Hopefully, this time is not an exception and we can see quite a solid reversal from there.
3. The round number $200 - it is solid confirmation to the horizontal area if it matches with the round number and currently there is $200 waiting for us inside the marked area.
4. Minor trendline - the blue trendline, currently drawn from body to body, the third touch should add a bit of strength to the optimal buying zone.
5. EMA party - Moving averages on every timeframe which all should add strength: Weekly 50 and 200 are inside or close to the shown box, and Monthly 50EMA is inside the optimal zone to support the price.
6. Fibonacci retracement 62% , golden ratios, are inside or slightly under the buying zone.
7. The structure - it is mid-term bullish because we have there also a mid-term new higher high (HH) and probably this area around $200 can be a possible new mid-term higher low (HL)
* Considering technical analysis then the optimal buying zone should stay between $180 to $215
* First short-term targets updating on the chat room.
Good luck!
EVAV a 2X leveraged EFT of EV Stocks Pullback LongEVAV in the past six weeks rose about 90% and then faded 5% in a correction
or pullback. This may be a buying opportunity. Price is heading down into the
area of the two mean VWAP lines where I will look for a bounce. Professiona
traders like to buy in the area of VWAP and so I expect high trading volumes
there are big traders take large positions.sThe high TF relative strength
line in black is holding steady The low TF relative strength line in blue
is in the range of 30. I expect the price to reach this buy zone in the next
couple of days and upon a confirmed reversal I will take a long trade targeting
108 in the area of the recent highs and the second deviatiion lines in thin
red.
Displacement Technology Watch: $QSWith a lot of attention ahead of its earnings report, NYSE:QS had a volatile reaction to the report yesterday, but it is one of several companies vying for dominance in Solid State Battery technology. Auto parts are a niche sub-industry of Electric Vehicles to pay attention to for both short term and long term.
From the weekly chart: The stock is building a bottom after a huge speculative run up after it IPO'd and is now in a basing bottom formation.
QuantumScape was on the NASDAQ Private Market before it IPO'd. Plenty of banks underwrote it and many Preferred Clients, aka Giant Buy Side Institutions, invested during its NASDAQ Private Placement. So it had a respectable amount of investment money to start moving forward faster.
On the daily chart, we can see NYSE:QS had a pre-earnings run that hit resistance which was followed by profit-taking ahead of the report. Pro traders started the run up out of what looks to be a Dark Pool Buy Zone and smaller funds chased, which is often a precursor to a volatile earnings reaction. The stock has a low Percentage of the Shares Held by Institutions at this time, which is another factor that contributes to heightened volatility, but it's one to watch as the EV landscape expands.