Tesla (TSLA) short term outlookTesla (TSLA) stock is forming an ascending triangle pattern on its daily chart, which signals a potential bullish continuation. This formation is characterized by a horizontal resistance level and a rising trendline of higher lows, reflecting increasing buyer strength and suggesting the possibility of an upside breakout.
The stock has repeatedly faced selling pressure at a horizontal resistance level, which represents a key inflection point. A breakout above this zone could attract further buying interest and signal a continuation of the upward trend. Meanwhile, the rising trendline, formed by higher lows, highlights consistent buying support even during pullbacks, reinforcing confidence in Tesla's bullish trajectory.
Volume is a crucial factor in validating this breakout. A surge in volume as TSLA moves above resistance would confirm the breakout, whereas low volume could indicate a false move, requiring caution. The stock is currently trading above its key moving averages, which are aligned in a bullish formation. Additionally, momentum indicators like RSI and MACD should be monitored closely to confirm the strength of the move.
For traders looking to capitalize on this setup, a potential strategy could involve entering a long position once the stock decisively breaks above the resistance level, ideally accompanied by increased volume. A stop loss can be placed just below the ascending trendline or the most recent higher low to manage downside risk. Profit targets can be estimated using the height of the triangle, projected upward from the breakout point. As the stock moves higher, trailing the stop loss could help lock in gains while still allowing for additional upside potential.
Tesla’s ascending triangle pattern suggests the stock is at a critical juncture. A breakout supported by strong volume and positive momentum could signal the next leg of its bullish trend. However, as with any technical setup, traders should remain cautious, monitor key levels, and use proper risk management to navigate potential volatility.
Tesla
TESLA: Bearish Continuation & Short Signal
TESLA
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell TESLA
Entry - 352.65
Stop - 382.63
Take - 300.77
Our Risk - 1%
Start protection of your profits from lower levels
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$TSLA to $540 then to $380 ??I am novice in charting. Please share your thoughts on this idea. NASDAQ:TSLA eventual short squeeze to $540 with a correction to the mean approximate $380/share. I hand drew these markers so these are approximate values but i think pretty close. These are the values i intend to play. Perhaps I will sell the majority of shares prior to $500 when there would be an expected resistance level at this whole number value. Perhaps I would leave 20% to ride and sell at anticipated peak of $540. Honest criticism appreciated. Tell me if i am no good at this at all. thanks.
Tesla's Next Big Move: Holding Strong or Breaking Down?Good morning, trading family!
Here’s a quick and easy breakdown of Tesla (TSLA):
Key Levels to Watch:
If TSLA holds $336:
We may see a move up toward $358 as buyers take control.
If TSLA breaks below $336:
Look for potential downside targets at:
$329
$322
$315
If TSLA finds support at $315:
This could set the stage for a bounce and a possible rally back up.
Remember to trade what you see, not what you think.
Mindbloome Trading // Kris
Tesla - New All Time Highs With Trump!Tesla ( NASDAQ:TSLA ) just broke above the last resistance level:
Click chart above to see the detailed analysis👆🏻
With Trump winning the election and Elon Musk being a supporter of Trump, Tesla is rallying significantly. But looking at market structure, this rally was also expected, considering that Tesla just broke out of a triangle pattern. Now Tesla will soon create new all time highs.
Levels to watch: $275, $410
Keep your long term vision,
Philip (BasicTrading)
Is more control of Tesla by Elon Musk bullish or bearish?From 2022 we began to see that electric vehicle adoption was losing some steam in the US and other major markets. EV players like NASDAQ:TSLA got hit the most unlike Toyota that produced gasoline and hybrids in the same period, which are very quite appealing to consumers. EV demand is expected to slow in 2024.
The excitement about generative AI and robotics will be the tailwind for the EV maker’s potential upside. Musk wants to position the company as an AI investment.
In January, Musk posted on X “ I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned.”
From the post, Musk seems to be demanding for more voting control of the EV maker or would rather pursue his Ai projects outside the company. This is coming at a very tough period in the company.
I believe the board would negotiate this properly, considering how important Ai is to its full self-driving project.
Tesla has strived to always be at the vanguard of innovation, Ai would not be an exception. In the coming days Tesla will make great Ai breakthroughs that will
Cut cost
Improve self driving capabilities
Increase safety and
Enhance user experience
All these spell ‘BULLISH’…
They bears won't last ... .I am a Tesla bull.
If this idea was helpful, like, share and comment below.
Breaking News:Tesla Shares Jump By 5%I had a nightmare again, and this time it was about
A girl that I asked for help from
Then suddenly decided she did not want to
Have children. When deep down in my heart I didn’t worry
About that.
Sometimes in life, unexpected things will happen
To you but even if that’s the case you always have
to have insurance.
Having a trading system is like having insurance
Once I focused on learning and honing my trading skills
All y disappoints seem to no longer have any power
Over me.
Now you may be thinking,
“Trading is too hard”
You know what you are right trading can be a challenge
But don’t let that discourage you at all
Because deep down inside you
You have the ability to be the best version
Of your trading career.
This is why I designed the rocket booster strategy
To help you understand trend analysis
So that it will give you the edge in the market
Right let’s look at TESLA NASDAQ:TSLA
According to the rocket boost
Strategy the following 3 things are happening:
1) The price is above the 50 EMA
2) The price is above the 200 EMA
3) The price has gapped up in a trend
This stock price is a perfect example of the rocket booster
Strategy.
I find stocks like this every single day.
But I need the motivation to write about them
This is why am asking you to rocket boost
This content to learn more.
Disclaimer: Trading is risky please learn risk management and
Profit-taking strategies.
Also, feel free to use a simulation trading tool
Before trading with real money.
Because you will lose money whether you like it or not.
Update on Tesla This is my update on Tesla stock.
A huge gap that was created today and looking to not go inside the gap.
Not seeing anything to show why this will continue going up without going back to the first GAP mentioned in the last post. Which was in October.
The GAP is showing a whopping 4% rise.
Tesla at a Critical Pivot – What’s the Next Move?Hey trading family, Tesla’s chart is heating up, and we’ve got some key levels to keep on our radar. Here’s how it’s shaping up:
Break below $338: A drop to $334 is likely, with potential to bounce back up from there.
Deeper drop: If we go lower, watch for a move toward $326, followed by a possible push upward.
Break above $348: If Tesla clears this high, we could target $361 and potentially even higher levels.
Tesla’s setup has a lot of potential both ways. What’s your plan if we dip or if we rip higher?
👉 Like, comment, and share your insights below! Got questions or your own analysis? Send me a DM – let’s connect.
Mindbloome Trading // Kris
Trade What You See.
TSLA AGAIN?After a perfect trade a couple of weeks ago, can we hit it again?
Price pulled back towards the fib golden zone and formed a nice triangle on Friday. Also TSLA showed relative strength compared the overall market. Price has already broken above the trendline, now I am watching this closely above friday's high for another entry
Tesla bearish gap fill for further highs!? Going along the lines of GAP fills since the beginning of the year #tesla have been filling all the gap fills apart from the last 2 big gaps that happened: .
My thoughts:
- will we see a sell off in the remaining weeks of the year? Fill in the 2nd to last remaining gap and then next year push all the way up to $450
- Do we see the sell off happen till president trump is elected as president and then the stock will fly back to the highs of this year? As Elon is part of D.O.G.E
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Tesla’s Update Wild Ride: Targeting $360+ or Revisiting $287?Good morning, trading family! At the Mindbloome Exchange, we trade what we see, not what we hope for. Today, we’re watching Tesla closely. If it can break $327, the next targets are $338 and $360+. But if $327 holds as resistance, we could see a pullback to $307, and possibly even deeper moves to $298 or $287.
Breakdown of What We See:
Tesla’s Big Picture
The ultimate goal right now is $360+, but there’s work to do before we get there.
Key Resistance: $327
Tesla must break above $327 to show it has momentum for the next leg higher.
Next Target: $338
If $327 breaks, $338 is the next checkpoint to watch on the way to $360+.
Pullback Alert
If Tesla struggles at $327, we could see it pull back to $307 support.
Lower Levels to Watch
A break below $307 could mean deeper retracements to $298 or $287.
The Mindbloome Way
At the Mindbloome Exchange, we keep it simple: trade what you see. Stay patient, stay focused, and let the charts guide your decisions.
Kris/ Mindbloome Trading
TESLA Will it turn the former 2-year Resistance into Support?Tesla (TSLA) fulfilled our August 15 buy signal (see chart below) as after the minor pull-back we expected, it rose aggressively on its new Bullish Leg of the 2-year Channel Up and came close to a new Higher High:
The correction of the past 4 days may be one last great short-term buy opportunity as it hit yesterday the former Resistance Zone of July 2022. If it holds, it will turn into its new technical Support Zone, thus will be an additional buy for out $380.00 Target.
Beyond that we need to see the ATH break before formulating a new strategic plan on the pattern that will emerge.
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Tesla's Next Move: Will 360 Be the Target, or Are We Going LowerGood evening, trading family.
Tesla is at an exciting crossroads, and we’re keeping a close eye on the key levels ahead. Let’s break it down:
Upside Potential:
325: First step if the market pushes upward.
338: A critical resistance—breaking this could lead to 360+.
Downside Risks:
298: A potential level for support if we pull back.
287: A deeper support level if selling continues.
At the MindBloome Exchange, we care about your success. Trade what you see, stay patient, and let the levels guide you.
Kris / Mindbloome Trading