TSLA Bounced Off Support! What Next?The last time we made our Tesla chart, we were in a downward channel and expecting a bounce off support. It has since fell through that but looks to have found support at the $111 level.
Looking at the weekly RSI, we can see TSLA is at the same level it was at in May 2020 before it had its huge run (oversold). This, combined with the bounce off weekly support at $111 leads me to believe we could be at a reversal point for TSLA.
The next major resistance points are $128 and the bottom of the channel at $138. If we can break back into the channel, I believe $190 is highly likely. If we break back below support, then $92 is the next major level I'll be buying at.
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Teslaanalysis
TESLA: CAN THIS EVEN BE POSSIBLE?Hello traders, today let's talk about Tesla.
Since Mr. Elon Musk bought Twitter, Tesla's stock has been dropping pretty badly. Percentage-wise, Tesla is down by -50%+ and still counting. Till early December, Tesla's stock was close to $200 and now the price is almost half.
In this weekly chart, Tesla is trying to hold this support 1 level ($112). A bounce back from this level could possibly mean, Tesla, going back to $190 to $200 and then a dropdown toward $60 (support 2). The RSI is at the oversold area which indicates a bounce back. All I fear is, in a long run, Tesla stock might drop down toward $60 or even $40.
For now, $112 looks like good support.
What's your view on this? Do let me know in the comments.
Trade safely.
TESLA might be trading at 60-70$ in the near futureI have been shorting TESLA since it's last leg up. I think it's not necessary to explain why I am still holding this position and even adding more funds to my current positions.
TESLA is overrated compared to other manufacturers like Ford, BMW or Mercedes.
Targets on chart.
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TSLA is having quite the move down atm. Coming up to an area of confluence though and Ill be curious to see if and how it reacts to this area for some clues. If it is an Elliott wave extended 5th wave it will be heading down quite low... but again, need some more TA printed before the official dooms day call.
CHEERS!
Tesla 30 % dump / Where to buyTesla remains in a downtrend.
We expect Tesla stock to drop into $150-$135 area which isa target for shorts and a buy zone if you want to play a bounce in a downtrend.
As SPX is at the major resistance, Tesla should reverse soon as well. The last push towards 205 - 208$ which would be a short entry and we should see a nice 30 % dump.
Patience is a key
Good luck
Tesla huge technical and sentiment buy signalsTesla hit its target on log chart from head and shoulders pattern. Also huge deviation out of down wedge channel. Tesla bulls getting margin calls, people calling for 20-50$ targets. Hundreds of bulls with tsla cash tags in their twitters selling last few days vowing to never return. Best time to buy an asset is from forced sellers. I 50% deployed at $123-130. Monthly RSI is at zero. Flipping this trade a year from now for long term cap gains advantage Not advise, good luck.
TSLA Tesla: Price ConcernToday you can review the technical analysis idea on a 1D linear scale chart for Tesla (TSLA).
Tesla is below a major Support and Resistance Line and now the price has the potential to fall to the $167-$170 range where there is major support. Anything is possible in these markets but the trend is your friend and currently the trend is heading lower.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
Tesla Analysis 20.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
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TSLA at Support! Will it Bounce?Looking at TSLA on the weekly, we can see it's still in a downwards channel but has a high possibility of bouncing here. Let's look over a few things:
1. It's at the bottom of the channel which it's been in since Oct 2021
2. It's also at horizontal support of $150 that was a key level back in Sep/Oct 2021
3. The weekly RSI is almost oversold and hasn't been this low since June 2020
All of the above signs show a good R/R level for buying or at least starting to DCA here. If TSLA bounces here, I'm looking at taking profit at the $190 level. If it continues to fall, I'm looking to DCA more at the $129 level (next area of major support), followed by $111, $92, $62, and $24 respectively.
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$TSLA on 1hr Pullback incoming$TSLA on 1hr Pullback incoming
Quadruple (Quad) Witching:
The term quadruple witching refers to the simultaneous expiration four times a year of stock options, index futures, and index futures options derivatives contracts.
The fourth type of contract involved in quadruple witching, single-stock futures, hasn't traded in the U.S. since 2020 and was never a major contributor to equity trading volumes
Today is Quadruple witching day. My indicator shows a incoming downturn for TSLA.
"Quadruple witching day is a bearish day, quadruple witching week is bullish, and that the last hour of quadruple watching day is bearish."
What are your thoughts?
Thanks,
Kelly
TSLA to our Lower EndI provided some content around this stock, but let me also outline the intraday levels as you see on the chart. If price gets down to our 163.73 to 161.72 it is a buy, IMO. The same as I outlined this past Wednesday, but be patient and wait for the levels. You can check out my profile where you can find additional content on this stock and others.
Also linked some other stocks where I provided content.
Tesla TSLA Update TechnicalTesla TSLA Technical
TSLA has been getting hammered past week, it is down almost -15% from $180 to $169
What do I see on the technical side?
- Reached new lows
- Strong support at 170.00
- If support breaks we are coming towards 166.00
- We SHOULD see a retracement towards $188
- We are forming a double bottom which is great news
- Fib retracement should hold at 0.5 at least to 0.618
Do you agree we will retrace to Fib level 0.618?
Tesla Analysis 04.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
Tesla: Up in Space 🚀Tesla is on the rise and imminently leaving the grey target zone between $196.68 and $156.80 behind to surpass the resistance line at $237.40 in order to finish the green wave . After completing that movement, we're expecting the course to drop below the $237.40-mark to complete green wave and regain momentum to ascent back North.
TESLA MIGHT HAVE 7% UPSIDE Looking at TSLA's chart with the Ichimoku Cloud it looks bearish. The cloud has a fairly thick cloud which tells me TSLA is going to have a tough time breaking through to the upside.
-The white arrow I have placed on top of the red line (Kijun Sen) is showing the price of TSLA is in the middle between the red and blue line (Tenken Sen). I believe we push up towards the cloud again before resuming more downside.
- The X I have marked by the thickness of the cloud is where I expect TSLA to get too before falling again.
Tesla Analysis 28.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Tesla Analysis 15.11.2022Welcome to the BasicTrading channel.
My name is Philip and in todays analysis I quickly go over the situation which we currently have on Tesla.
I will analyse the asset both from a weekly and daily timeframe to show you the best possible trading opportunities.
If you enjoyed this analysis, let me know in the comment section which asset I should analyse tomorrow.
I will personally reply to every single comment.
Dont forget to smash that rocket and I will see you tomorrow with a new analysis.