Tesla
GM Ford commit Tesla EV charging network so new standard setGM and Ford joined Tesla's EV charging network, bringing us closer to a US industry standard. This collaboration is a significant milestone for the EV industry, marking a new era of cooperation and innovation.
By joining Tesla's network, GM and Ford are committed to providing their customers with the best possible charging experience. This move will make charging more accessible and convenient for EV drivers and help reduce range anxiety, a significant barrier to EV adoption.
As a trader, you can invest in Tesla, a company leading the way in the EV industry. Tesla's innovative technology and visionary leadership have made them a force to be reckoned with, and their commitment to sustainability and clean energy make them a great investment choice.
I encourage you to consider investing in Tesla and join the movement toward a more sustainable future. With the support of industry leaders like GM and Ford, Tesla is poised to continue its growth and success in the years to come.
Thank you for your time, and I look forward to your comments on this exciting development
Looking at the long term, we are entering a buying period...Hello?
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(TSLA chart)
With support in the 225.17-239.57 section, it is expected to rise around 277.13-311.48.
If there is a decline in the 225.17-239.57 zone, you should check for support around 180.63-196.88.
The 232.08 point is the point of the HA-Low indicator on the 1M chart, so if it shows support around this area, it is time to buy from a long-term perspective.
However, since the HA-High indicator point on the 1M chart is formed at the 277.13 point, it corresponds to the first selling point.
The 239.57 point is a very important point as the divergence point between the bullish and bearish trends.
Therefore, the 225.17-239.57 area is an important area to determine the future trend.
The 196.88 point is an important support and resistance point on the 1W chart.
This point corresponds to the +100 point of the CCI indicator, and maintaining the price above 196.88 means that the strength of the uptrend and the buying force are quite strong.
Therefore, if it falls, it is likely to continue its upward trend only when it needs support in the 180.63-196.88 section.
If not, I expect it to decline around 95.38-138.96.
The next volatility period is around July 18th.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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TESLA: Consolidation in short term?Hello everyone!
In the last few weeks we have been following $TESLA (see chart below) trying to take a long position around the bottom (weekly support). That said, the triggered rally was very interesting, the value has almost doubled in less than a month and if we look at the intraday chart (1h), we see the rally developed with a bullish impulsive structure. From a technical point of view, the structure could be completed, or almost completed (see resistance area just above) and some corrective structure in short term cannot be excluded. If the bullish impulse will not be stopped by resistance area around 200/208, a rally continuation at 230 area is possible, before a corrective structure. In a similar context, often the consolidation pushes the price around wave (IV), we will see.
On Daily Chart (Log Scale), short and long-term trend is still bullish, but in the medium term, a consolidation phase cannot be ruled out, which should not, however, destroy the current trend.
As we have already mentioned, we followed the rally as shown on chart below:
(Click and Play on Chart)
So, technically speaking, if any reversal patterns will appear on intraday chart, it should develop at least two bearish legs, so after the first bearish leg develops, use the technical rebound to try short position taking.
...trade with care! 👍
Cheers!
N.B.: Updates will follow below
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Tesla is ready to rocket back to $364.28 thanks to W W Formation has formed on Tesla with the price breaking up and out of the neckline.
This shows strong rocket action and we can expect the price to rally on up from here.
7>21
RSI> to the moon!
Target $364.28
ABOUT THE COMPANY
Tesla, the electric vehicle (EV) and clean energy company:
Founder and Visionary:
Tesla was founded in 2003 by a group of engineers, including Martin Eberhard and Marc Tarpenning, with Elon Musk joining as an investor and chairman of the board later on.
Electric Vehicle Pioneers:
Tesla is known for revolutionizing the electric vehicle industry.
It introduced the Tesla Roadster in 2008, which was the first highway-legal electric vehicle to use lithium-ion battery cells.
Supercharging Network:
Tesla has developed a vast network of Supercharger stations globally. Even in Greece they are popping up everywhere!
These high-speed charging stations allow Tesla vehicle owners to quickly recharge their cars, enabling long-distance travel and reducing range anxiety.
Model S:
The Tesla Model S, introduced in 2012, became the company's flagship sedan.
It gained widespread attention for its impressive range, luxurious features, and acceleration, making it a popular choice among EV enthusiasts.
Autopilot and Full Self-Driving:
Tesla vehicles incorporate advanced driver-assistance systems, including Autopilot, which provides features like adaptive cruise control and lane-centering. Sounds like something into the future (Don't you love the future!)
Tesla has been working toward achieving full self-driving capabilities through software updates and hardware enhancements.
Gigafactories:
Tesla operates several large-scale manufacturing facilities known as Gigafactories.
These factories play a crucial role in producing electric vehicle batteries, energy storage products, and solar panels at a significant scale.
Energy Storage:
Tesla expanded beyond electric vehicles and entered the energy storage market with its Powerwall and Powerpack products.
These solutions store energy from renewable sources and provide backup power during outages.
Renewable Energy Integration:
Tesla acquired SolarCity in 2016, a company founded by Elon Musk's cousins, to integrate solar energy generation with its clean energy products. This acquisition strengthened Tesla's commitment to sustainable energy solutions.
Cybertruck:
Tesla unveiled its futuristic electric pickup truck, the Cybertruck, in 2019.
With its unique angular design and promised high performance, the Cybertruck garnered significant attention and generated a large number of pre-orders.
Market Capitalisation and Stock Price Surge:
Tesla's market capitalization grew significantly in recent years, making it one of the most valuable automakers globally.
The company's stock price experienced substantial volatility and dramatic increases, contributing to its status as a prominent player in the financial markets.
Should you sell your TESLA shares? ▼We can see price breaking out of a bearish pennant, resulting in a solid move down, retesting first, going down again and now going for a potential second retest of the previous support which now becomes resistance.
Looking for continuation to the downside.
Fundamental backup as the average analyst price target is 180$ a share which is about 20% lower than current prices
Tesla (TSLA): Major BULLISH signalThe "strongest trendline" indicator calculates the trendline with the highest strength based on the highest Pearson correlation coefficient. In this case, it calculates the trendline over a period of 200. This allows me to plot the linear regression channel using the indicator, which can be done on a logarithmic scale (similar to the "strongest trendline" indicator). This indicates the support and resistance lines.
If the price surpasses the green line, it can be considered a breakout, suggesting a potential upward movement. Conversely, if the price falls below the red line, it can be seen as a breakout to the downside. It's important to monitor the "strongest trendline" indicator as it may select a different "best trend" at any time.
Please note that this is a general explanation based on the given information and does not take into account specific market conditions or individual trading strategies.
Tesla -> The Bottom Is Finally InHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Tesla stock is currently retesting quite strong previous weekly structure which is now turned resistance at the $220 level.
However you can also see that the weekly moving averages are finally crossing bullish, weekly market structure is also shifting back towards the upside so in my opinion there is a significant chance that Tesla found a bottom over the past couple of weeks and is now ready for an agressive push higher.
On the daily timeframe you can see that Tesla stock is currently a little bit overextended towards the upside so I am now just waiting for a retracement back to a previous daily resistance area which is now turned support at the $210 area and then I simply do expect more continuation towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Tesla with a Bullish Cup and Handle Pattern holds Rally AheadTesla has formed a cup and handle pattern, with a confirmed breakout on the handle. To sustain the upward momentum, it is important for the price to confirm a bullish breakout on the key level. This confirmation will indicate a continuation of the rally to the upside.