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Tesla’s price has doubled in six weeks, where to from here?Back in October, we made an outlandish call for Tesla to more than halve and fall from $220 down to $100. Four months later, we are both delighted and somewhat saddened to see it came to fruition almost perfectly (although technically it only fell to $101.81, leaving out bear call out of pocket by $1.81 per share). It was nothing personal against the company or Elon, but we simply looked at the data and hypothesised an idea based it. So where is Tesla to go from here? Incidentally, the stock is almost right back where it was in October and trades at $202.35, having more than doubled and rallied 113.8% in just six weeks. Tesla (TSLA) weekly chart : We can see on the weekly chart that the rally from $100 has been string and in a relatively straight line, and volumes rose to a two-year high to show fresh buyers entered the market and bears closed out. However, we’re approaching the broken neckline which could potentially prompt a pullback (or a consolidation), but the strong volume and price action suggests it could eventually break above it. And whilst a bearish hammer formed two weeks ago, it was followed by a bullish engulfing week with higher volume to show demand at these highs. Therefore, a break below 187.61 assumes a pullback, but bulls may be interested in loading above this key level for a move to the neckline around $225. Tesla (TSLA) daily chart: The daily chart shows a small pullback within the range of a bullish engulfing candle at the highs. A small bullish hammer formed yesterday for a potential higher low above last week’s low, and the daily engulfing candle. After-hours trade also see it trade slightly higher. Also note that the 20 and 100-day EMA’s sit perfectly on last week’s low, making $187.61 an important support level for bulls to defend. RSI (14) remain positive above 50, so we’re looking for another burst higher on the daily chart. • The bias on the daily chart is bullish above $187.60 • We anticipated a move towards the $220 - $225 area (along the neckline, depending on how quickly it gets there), where we may then see a pullback from the broken neckline • Keep in mind the November high around $237.4 which could also cap gains over the near-term • A break below $187.60 assumes a deeper correction, where we’d then look for evidence of a swing low around a Fibonacci number or the ‘gap support’ zone’ (at which point reconsider longs, in line with weekly volume and momentum)
NASDAQ:TSLALong
by CityIndex
TESLA FIGURE DEVELOPMENTTESLA unicorn stock for many reasons, it is so unexpectedly volatile based on ownership, innovation, speculation, and fanbase. What we can observe on the daily chart is fresh reversed head-and-shoulders technical figure. For that reason, there are 2 resistances and 1 support at the bottom, with very wide ranges. Reading that chart is based purely on technical and volatility expectations, as what we witnessed in the past with TESAL anything is possible and -100 points or +100 points is the dream of the short-term traders. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:TSLA
by legacyFXofficial
tsla longs fighting uphill battlebulls are in control of this move but lack the follow through necessary to make a convincing move to the upside look like a change of weekly momentum. weve made a daily bounce that retraced enough to say a lower low is set, but havent made a higher low or confirmed the move with a trip above the last bearflag area/value area high. weve also started forming a topping out proccess 4hr as indices futures fail to climb over a top like 4037 es1!, and this has happened every leg of the way fown for stocks making me think we need to at least revisit the dotted line, and if we break through it id look for the lower horizontal. if we support in the mid range and move higher, especially if indices are breaking out with multiple sectors green, or if we get immediate continuation id still be long.
NASDAQ:TSLAShort
by cerealpatterns
1
Who Let The DOGE Out!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. After rejecting the 0.07 support and breaking above the last high in gray, DOGE has been overall bullish trading inside the red rising broadening wedge pattern. DOGE is currently sitting around the lower red trendline acting as a non-horizontal support. If we break above the last minor high in red, we will be expect a trend continuation . Then, we will need to break above the last major high in orange for the bulls to take full control again and push higher till around 0.11 resistance. Meanwhile, until the buy is activated, DOGE can still trade lower, especially if we break below the red trendline. In this case, we will be looking for new buy setups as we approach the support zone again. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
11
Tesla Drive Down Stronger Than COVID Crash Levels From 2020 Summary: Taking a look at Tesla compared to the COVID crash we saw in 2020. We are currently pushing harder down than during the previous crash. Rainbow Trends Signals: Machine Learning Reversion Bands - Approximate Same Level RSI Xs - Much hotter now than in 2020. Pink Xs are the highest level this tool prints. Pivots - No pivot in sight for 2022 compared 2020, support will be harder to find. Let us know if you have any questions!
NASDAQ:TSLALong
by RainbowRunner144
TESLA will go sub $50Intelligent investors are fleeing from the failed ideas of Tesla. As the works realises that environmentally damaging Lithium batteries are not a workable solution to our transport needs. A string of out of control AI nightmare scenarios including Tesla cars that accelerated out of control hasn’t helped. Rumours of Elon Musk developing a water splitting ‘Stanley Meyer’ type car appear to be false as Elon has often stated he thinks Edison was a better scientists than Tesla, he flaunts his scientific ignorance for all to see. Recent speculation that Elon is, in fact, a low iq ‘fop’ spear to have been confirmed, even as he continues to promote a joke ‘dog’ coin crypto over the world’s most popular and successful cryptocurrency, Bitcoin - only cementing the publics opinion of him as a low iq ‘fop’. Can Mr Musk climb out of the hole he has created? Probably not.
NASDAQ:TSLAShort
by The_Mummy
2
TESLA - The Storm Won't Last Forever🌈Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. 📉 TESLA has been overall bearish trading inside the falling red channel, and it is currently retesting the lower red trendline. Moreover, the zone 55 - 70 is a strong demand zone. 📊 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower red trendline. (acting as non-horizontal support) 📕 As per my trading style: As TESLA approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:TSLA
by TheSignalyst
31
Twitter-Apple feud all in Elon’s headTwitter owner and Chief Executive Officer Elon Musk told a Twitter Spaces conversation on Dec. 3 that Apple has fully resumed advertising on the social media platform. Musk noted that the iPhone and Mac manufacturer is Twitter's largest advertiser. Its return to full advertising on the platform follows a meeting between Musk and Apple CEO Tim Cook, wherein they "resolved the misunderstanding," which could have escalated tensions between the companies to the point where Apple would remove Twitter from its App Store. Near the end of November, Musk tweeted that Apple has "mostly stopped advertising on Twitter" with a question whether the company hates "free speech in America." Musk also claimed that Apple threatened to remove Twitter from its App Store without an explanation, following it with a Twitter poll asking if Apple should "publish all censorship actions it has taken that affect its customers." Following his meeting with Cook, Musk said his counterpart was "clear" that Apple never considered removing his company from the App Store. Twitter's advertising problems beyond Apple Even before the tensions with Apple, Twitter has been faced with other companies pulling out or reducing ad spending on the platform, particularly following Musk's takeover of the social media company in late October. Musk's plans to revise Twitter's system of handing out blue check marks for verified account through an $8 monthly payment did not sit well with many companies after initial rollout resulted in a number of impersonation incidents that affected brands on the site. There were also worries regarding the new owner's approach to content moderation and account suspensions, among other issues. Musk has since paused the verification program, with plans to revive it once concerns with imposters have been resolved. The next phase of the verification system is expected to include color-coded check marks that will distinguish the verified accounts for companies and government officials from those for individuals. Roughly 90% of Twitter's revenue is generated through advertisements. With big brands including General Motors, General Mills, Mondelez, Volkswagen AG's Audi and Pfizer Inc. deciding to pause their ad spending in recent weeks, it is no wonder Twitter is scrambling to avoid further retreat from happening. In an effort to retain advertisers, Twitter has ramped up its incentives offering to the point where it will match an at least $500,000 spending increase commitment with a "100% value add", up to a $1 million cap, various media reported, citing an email from the company. It is being pegged as the "biggest advertiser incentive ever" on the social media platform and is valid for advertising that runs before the end of 2022, according to people familiar with the matter. To alleviate some concerns, Musk had also been reassuring advertisers both publicly and privately that Twitter will remain a safe space for brands. He also encouraged companies to publicly air their concerns about the site by tweeting at him.
NASDAQ:AAPL
by BlackBull_Markets
1
Dogecoin’s December trajectory Dogecoin has now made its way through a trend reversal, after its sharp rise and pullback in the back half of October and first half of November. In October, DOGE began a massive rally, gaining over +150% in just five days. About half of these gains have been given up now as some traders booked their profits. In the middle of November, Dogecoin experienced a period of consolidation between 0.0742 and 0.0900 creating a double bottom at the same time, giving the first possible signal that the coin was ready for a trend switch. The trend reversal was confirmed by the Fisher Transform Indicator on the daily timeframe. A crossover between the indicators signal lines can be witnessed after it created support at 0.07450. Since then, we have seen the price move to the upside, breaking above 0.0900, a previously strong resistance. Looking at the current price action at the start of the week, DOGE may be in a new area of consolidation and trying to break the resistance at 0.1070. Looking back at the Fisher Transform, we can see that it is again indicating a crossover signal, which may hint that DOGE is posed for an upside breakout. If the price successfully breaks the resistance at 0.1070 and manages to close above the daily chart, the next price target to watch includes 0.1420 if the momentum is strong enough. Besides the technical side of Dogecoin, it might pay to keep an eye on news emanating from Elon Musk by way of Twitter. Speculation has been rife that Musk will announce that the social media platform that he recently acquired will adopt Dogecoin as some form of payment method. Last week, Musk shared slides from a presentation he gave to the Twitter leadership team detailing his version for ‘Twitter 2.0’. Included in the presentation were slides related to ‘payments’, opening speculation that Musk may be wanting to form some kind of integration with his favourite cryptocurrency.
BINANCE:DOGEUSD
by BlackBull_Markets