💹 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.
Tesla
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.
15 and then 28?It looks bearish and remain so for couple of months, it could hit 15 and if it forms a base around 15, then expect it to move higher towards 28. This could all happen by July-Oct 24. Happy trading !!
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.
Short EURUSD 60 PIPS In the current market environment, there are indications that suggest a potential short opportunity for the EUR/USD currency pair. It's crucial to conduct thorough research and analysis before making any trading decisions, but here are some factors to consider:
Technical Analysis:
Look at the recent price action and identify key resistance levels that the EUR/USD pair has struggled to break above.
Use technical indicators such as Moving Averages, Relative Strength Index (RSI), or Bollinger Bands to assess the current market sentiment and potential overbought conditions.
Fundamental Factors:
Monitor economic indicators for both the Eurozone and the United States, such as GDP growth, inflation rates, and employment data.
Keep an eye on central bank policies and statements from the European Central Bank (ECB) and the Federal Reserve, as these can impact currency values.
Market Sentiment:
Analyze market sentiment through tools like the Commitments of Traders (COT) report to understand the positioning of large traders in the market.
Follow economic news and geopolitical events that may affect the Euro or the US Dollar.
Risk Management:
Establish a clear risk management strategy, including setting stop-loss orders and determining the size of your position relative to your overall trading capital.
Be prepared for potential volatility and have contingency plans in place.
Monitoring and Adjustments:
Regularly review your trade and stay updated on relevant market developments.
Be open to adjusting your strategy based on changing market conditions.
TESLA's price pattern is not badI saw a chance that at 250 it would drop to at least 200 and it did.
Now is the time to share it, it might help someone.
Can it go a little under 200? Yes, it is possible, but it may not happen.
At the moment, the small light blue point c has reached a minimum.
What will happen to Tesla in the future, I don't know. I will only share with you a favorable price pattern
APPLE BACK TO 182 SOLID POSITION Long Position:
Key Points:
Strong Fundamentals: Apple has a history of solid financial performance, driven by its diverse product ecosystem, including iPhones, iPads, Macs, wearables, and services. The company's consistent revenue and earnings growth make it an attractive option for long-term investors.
Services Segment Growth: Apple's services segment, including the App Store, Apple Music, and Apple TV+, has been a significant contributor to revenue. Continued expansion and growth in the services sector can provide a more stable revenue stream for the company.
Innovation and Product Pipeline: Apple's commitment to innovation, evidenced by new product releases and technological advancements, keeps the brand at the forefront of consumer technology. Anticipated releases and advancements in products like the iPhone and wearables can drive excitement and demand.
Share Buybacks and Dividends: Apple has a history of returning value to shareholders through share buybacks and dividends. Share repurchases can contribute to stock price appreciation, and dividends provide income to investors.
Tesla - My Trading Plan For 2024Hello Traders, welcome to today's analysis of Tesla.
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Explanation of my chart analysis:
Tesla has been trading in a triangle continuation pattern for a very long time now. We saw the same type of pattern back in 2019 followed by a 1.500% pump. A breakout above the current resistance trendline could lead to a similar price behavior.
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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.
NIO 9.50 THEN 10 THEN 11 LONG Trading Idea for NIO Inc. (NIO):
Long Position:
Key Points:
Electric Vehicle (EV) Growth: NIO is a key player in the electric vehicle market, and the global shift towards electric transportation provides a favorable backdrop for the company. Growing awareness of sustainability and government incentives can drive increased demand for NIO's electric vehicles.
Market Expansion: NIO's expansion beyond the Chinese market and its efforts to enter international markets, particularly in Europe, could open up new revenue streams. Positive developments in international expansion plans may boost investor confidence.
Innovative Technology: NIO's focus on innovation, including battery technology and autonomous driving features, positions the company competitively in the EV space. Positive advancements in technology may attract investors seeking exposure to cutting-edge developments.
Battery-as-a-Service (BaaS) Model: NIO's unique Battery-as-a-Service model, allowing customers to purchase electric vehicles without the battery, could appeal to cost-conscious consumers and potentially expand NIO's market share.
ADOBE LONG 620 LONG 620 TP
Long Position:
Adobe has consistently demonstrated strong financial performance, driven by its leading position in the creative software and digital experience markets. The company's subscription-based model provides a reliable revenue stream, and its innovative product portfolio continues to attract a wide user base.
Key Points:
Earnings Growth: Adobe has shown impressive earnings growth in recent quarters, fueled by increasing demand for its creative cloud services. Positive trends in earnings can drive stock appreciation.
Subscription Model: Adobe's shift to a subscription-based model ensures a steady stream of recurring revenue. This stability may appeal to long-term investors seeking a reliable growth story.
Digital Transformation: Adobe is well-positioned to benefit from the ongoing digital transformation across industries. As businesses and individuals increasingly rely on digital tools for creativity and marketing, Adobe's products remain essential.
Innovation: Adobe consistently invests in research and development, ensuring a pipeline of new and improved products. The company's commitment to innovation may drive future revenue growth and market share expansion.
TESLA Do or Die moment to break the 2021 Resistance.Tesla (TSLA) is extending the rally following the buy signal (see chart below) we gave on November 07 at the bottom of the 1 year Channel Up:
The price has had 6 green candles out of a total of 7 and looks to repeat the Bullish Legs of April - July and January - February. What's more important than that, is that Tesla is approaching its 'Do or Die' moment as for the 5th time in 2 years (since November 2021), it is about to test the Lower Highs trend-line of the All Time High (ATH).
This huge Resistance level has rejected the price 4 times already, always initiating strong sell-offs. The 1W RSI has already broken above its own Lower Highs trend-line of July, so this could be an early signal of strength accumulation.
If we get a 1W candle close above the Lower Highs, we expect the final phase of the Bullish Leg to materialize and that would have practically confirmed that Tesla finally officially entered into a new Cycle of long-term growth. The target remains $345.00, representing a +75% rise from the recent Channel Low (-20% from the previous Leg).
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TESLA: Bearish Continuation & Short Trade
TESLA
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell TESLA
Entry - 253.23
Stop - 260.56
Take - 238.80
Our Risk - 1%
Start protection of your profits from lower levels
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TESLA: Buy this dip at the bottom of the Channel Up.Tesla is inside a Channel Up and right now is repeating the November 09 pull back.
This time it has the additional support of the former Lower Highs trendline and the formation of the 4h Golden Cross.
The technical upside is either the 1.786 Fibonacci extension or a +30.30% rise from the bottom, which is marginally under the 299.00 Resistance.
284.50 is the most realistic technical target early next month.
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