TESLA Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for TESLA below:
The instrument tests an important psychological level 218.79
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 240.72
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Tesla
TESLA: Bullish Continuation is Highly Probable! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy TESLA.
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Introduction:
In recent years, the rise of decentralized finance (DeFi) has been nothing short of revolutionary in the world of cryptocurrencies. This bullish idea explores the potential of DeFi as a game-changer in the financial industry, bringing about increased financial inclusion, accessibility, and empowerment.
$TSLA #Tesla, just dump it...The TSLA chart indicates a notable presence of lower gaps that are yet to be filled. These lower gaps signify potential areas where the stock might experience downward movements to reach previous price levels. The current situation suggests that if the support levels represented by rectangles do not hold, there is a higher likelihood of rapid downward penetration.
Investors and traders should closely monitor these support levels as they play a crucial role in determining the stock's future trajectory.
TESLA Breaking below the 1W MA50 again but NOT a BUY yet.Three weeks ago we mentioned the importance of the All Time High (ATH) Lower Highs trend-line on Tesla (TSLA) and how critical it would be for the price to finally break above it for the first time in more than 2 years:
The 'Do or die moment' as we called it failed to deliver and the price got emphatically rejected on the Lower Highs for the 5th time. This rejection has brought the price below the 1W MA50 (blue trend-line) yet again on pre-market. The natural zone of Support now is the January 06 2023 Higher Lows trend-line (Cycle bottom) and the April 27 2023 Higher Lows (dashed) trend-line. As long as it holds, we expect a short-term bounce and another test of the ATH Lower Highs trend-line.
If the stock breaks above the ATH Lower Highs, we will buy for a long-term rally and target 345.00. If the price breaks below the (dashed) April 27 2023 Higher Lows, we can expect a bottom as low as even 180.00, which is the Lower Lows (bottom) trend-line) of the Channel Down that started on the July 19 2023 High. If the 1D RSI though breaks first the 30.00 oversold barrier, we will take the profit on shorts and turn into a long-term buy (Target at $345.00 again) as every time the RSI turned oversold at 30.00, since December 2022, it was the most efficient buy opportunity we could get.
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TSLA_1WTesla shares are in the position of buying and long-term investment
In Time Weekly, there is a possibility of the formation of the head and shoulder pattern of the floor, and with the breaking of the upward trend line, it is a confirmation for the growth and value of Tesla shares, which can advance the 500 target.
The main and important support is the 215 range.
Tesla - Expecting The BreakoutHello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
All the way back in 2019 Tesla broke out of a longer term falling triangle formation. This breakout was followed by a crazy pump of more than 1.500%. At the moment Tesla is once again forming a falling triangle formation and if Tesla breaks above the resistance trendline which I mentioned in my analysis, we could certainly see another crazy rally with new all time highs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
GOLD LONG UNTIL 2033Throughout history, gold has been recognized as a reliable store of value. It doesn't corrode, tarnish, or decay over time, making it an enduring asset. This stability makes gold an attractive option for preserving wealth across generations.
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💹 TSLA next week prevision 💹Bearish beginning of the week looking for 100% of movement 3 of the Elliot wave. It can go down to the 231.16 area at least. Afterwards it can have a slight rise looking for movement 4 to 238.85 minimum to continue falling to 225.51 or more. In general bearish trend during this week with few options to go long.
Short $TSLA at $260. Target $77As you can see from the chart, TSLA broke down from a flag, hit the flag target and then bounced.
What makes the most sense to me here is that the flag gets retested as resistance before falling further.
That would make the top target around $260 around 6-8% higher.
If that level gets tagged, then I think that would setup a great short opportunity down to the $77 final support on the chart.
Let's see how it plays out.
TESLA: Trading plan.TSLA has turned neutral on the 1D technical outlook (RSI = 46.287, MACD = 3.350, ADX = 20.984) as it dropped to its 1D MA50. On the short term the most optimal buy entry is at the bottom of the Channel Up (TP = 279.00). If it breaks, we will sell towards the S1 level (TP = 206.15). The next long term buy (again to target 279.00), will be when the 1D RSI forms HL (as in the last two bottoms).
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Cathie Wood’s Ark Invest Sells Coinbase, Buy Tesla ($TSLA)
In a recent bold move, Cathie Wood's Ark Invest has strategically reallocated its investment portfolio, selling off millions of dollars worth of Coinbase ( NASDAQ:COIN ) shares amidst a crypto market downturn and acquiring substantial positions in Tesla ( NASDAQ:TSLA ) stocks. This strategic shift reflects Ark Invest's active fund management approach and presents an intriguing narrative for potential Tesla investors.
Ark Invest's Coinbase (COIN) Divestment:
On January 2, Ark Invest, led by prominent investor Cathie Wood, sold a significant portion of its Coinbase holdings, offloading 166,183 NASDAQ:COIN shares worth over $25.3 million. The move coincided with a challenging period for the crypto market, marked by a substantial decline in Coinbase's stock price from a recent high of $187.39. The decision to divest from Coinbase seems to align with Cathie Wood's apparent bearish stance on Bitcoin, anticipating a market correction following the potential approval of spot Bitcoin ETFs by the SEC on January 10.
Strategic Purchase of Tesla ( NASDAQ:TSLA ) Stocks:
Simultaneously, Ark Invest strategically utilized the proceeds from the Coinbase share sales to acquire Tesla ( NASDAQ:TSLA ) stocks, increasing its holdings by purchasing a total of 105,201 NASDAQ:TSLA shares worth nearly $25.3 million. This move not only underscores Ark Invest's dynamic investment strategy but also positions Tesla as a key focus for the firm.
Reasons to Consider Tesla Stock:
1.Strategic Allocation of Funds:
- The reallocation of funds from Coinbase to Tesla suggests that Ark Invest sees considerable potential in Tesla's growth prospects, despite the short-term challenges faced by the electric vehicle (EV) sector.
2. Market Trends and Technical Analysis:
- Despite a 4.01% decline in Tesla's stock price on Thursday, technical indicators such as trading above the 200th, 100th, and 50th day Moving Averages signal a potential trend reversal.
3. Long-Term Vision for Electric Vehicles:
- Tesla remains a frontrunner in the electric vehicle market, with an established brand, innovative technology, and a global footprint. As the world continues to shift towards sustainable energy solutions, Tesla's long-term vision aligns with the growing demand for electric vehicles.
4. Innovations and Future Catalysts:
- The company's ongoing commitment to innovation, including advancements in autonomous driving technology and plans for new vehicle models, positions Tesla as a key player in the evolving landscape of the automotive industry.
Conclusion:
Cathie Wood's Ark Invest has made a strategic and notable move by selling off Coinbase shares to bolster its holdings in Tesla. This shift not only reflects Ark Invest's proactive approach to portfolio management but also highlights the firm's confidence in Tesla's potential for future growth.
Big Tech Stocks: Macro Fib SchematicsThis one might be a doozy to look at and I understand. However... Companies that make up trillions of dollars of the broader market are obviously going to be extremely complex using Mathematical Fib Schematics.
These schematics were NOT easy to organize and lay out together so give me a break.
Each one of these companies has MULTIPLE Fib tools on each of them. This is called Fibonacci Clustering. You can also call it a cluster F***...
All I can say for this one is, You either see it or you don't. I am certain of the veracity of these charts so I don't care what plebs have to say about how this looks. I am the ONLY person who has ever laid this out so perfectly you will EVER see. Quote me on it because good luck finding this material literally anywhere on the internet unless you break into Blackrock's HQ.
Easter Egg: Click Logarithmic mode on NIVIDA for an extra Fib view of why NIVIDA topped out where it did.
Diagonal or 1.2 and 1.2?Hello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market.
Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision.
To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand.
I hope my analysis will be useful to you in your business journey, and I wish you the best.
I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely,
Tesla's Record-Breaking Q4 Deliver Strong Momentum for Investors
In the dynamic world of electric vehicles, Tesla ( NASDAQ:TSLA ) has once again proven its resilience and dominance with a groundbreaking fourth quarter, setting new delivery records and meeting its ambitious 2023 targets. Despite facing headwinds in the third quarter, Tesla's recent performance has not only surpassed market expectations but also highlighted its ability to navigate challenges and maintain an upward trajectory.
Record-Breaking Deliveries:
Tesla reported a staggering 484,507 deliveries in Q4, surpassing Street estimates and setting an all-time quarterly record. This figure not only exceeded the previous record set in Q2 of last year by nearly 20,000 units but also demonstrated Tesla's unwavering commitment to meeting growing global demand for electric vehicles.
Production Excellence:
From a production standpoint, Tesla produced 494,989 vehicles, comfortably surpassing estimates and showcasing the company's manufacturing prowess. The production of 476,777 high-volume Model 3 and Model Y EVs alone exceeded expectations, indicating Tesla's ability to scale its operations efficiently.
Year-Over-Year Growth:
In 2023, Tesla reported impressive year-over-year growth, with vehicle deliveries increasing by 38% to 1.81 million and production growing by 35% to 1.85 million. Although the delivery growth rate fell slightly below the 50% compound annual growth rate (CAGR) target, Tesla attributed this to necessary factory shutdowns and improvements in Q3, demonstrating a strategic focus on long-term sustainability.
Global Market Dynamics:
While Tesla faced increased competition, particularly in China, where it was recently dethroned as the global EV leader by BYD in Q4, the company's robust performance in its key markets remains noteworthy. The global EV landscape is evolving, and Tesla's continued growth in established and emerging markets positions it as a formidable player in the industry.
China Market Stability:
Despite challenges in the Chinese market, Tesla weathered the storm with stable pricing and even witnessed an increase in China during the quarter. This stability is a testament to Tesla's adaptability and resilience in a market known for its volatility. Analysts believe that the calm period in China is favorable for Tesla bulls, offering a positive outlook for the company's future.
Analyst Endorsement:
Wedbush analyst Dan Ives expressed optimism in a note to clients, stating, "This was an important quarter for Tesla to show strong deliveries with clear momentum into 2024 as demand has upticked since 3Q based on all our global checks." Ives emphasized that hitting 1.8 million vehicles for 2023 was a major achievement, especially in a challenging macro environment for EVs.
Technical Analysis Insights:
From a technical analysis perspective, Tesla's stock is currently in a falling trend channel in the medium long term. While falling trends often indicate negative development, it's essential to note that Tesla has faced similar trends in the past only to rebound strongly. The stock has identified support at $214 and resistance at $276, providing investors with clear levels to monitor.
In conclusion, Tesla's exceptional Q4 performance has solidified its position as a leading player in the electric vehicle market. The company's ability to overcome challenges, coupled with impressive production and delivery figures, paints a compelling picture for investors looking to capitalize on the future of sustainable transportation. Despite short-term technical trends, the long-term growth prospects for Tesla remain promising, making it an opportune time for investors to consider adding NASDAQ:TSLA to their portfolios.