10% Gain Predicted on TESLAWe have reached equality of potential iii vs. i and we are close to the 61.8% retracement of the previous downmove. As we could still fall back lower I am considering closing my longs that I originally opened when I first shared my previous forecast on TSLA(find the link attached)
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Teslaanalysis
Tesla has never been so simple Tesla's trajectory is remarkably aligned with specific Fibonacci levels. A straightforward yet potentially effective strategy emerges: A decisive breach beyond 240 would pave the way for an upward progression towards 264. Conversely, a breach below 240 would likely trigger a descent towards 210. Be patient and act accordingly.
Tesla: Low in Place?I have been anticipating this pullback for a while now. Looking upside confirmation, even if we already have some interesting signals that could identify the resumption of the uptrend.
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Long DCFCLong DCFC last few days, average price around $1.00. Pretty heavy. Chart is beautiful.....massive H and S reversal pattern. If Daily closes like this epic hammer candle. Electric vehicle narrative only going to heat up. TP is retirement (just kidding lol). Not advise, good luck.
Tesla's stock has plummeted and broken the limit Tesla's stock has plummeted and broken the limit
This chart shows the weekly level candle chart of Tesla stock in the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, Tesla's stock has plummeted and broken the limit for three consecutive weeks, falling below the 2.000 level of the top to bottom golden section in the figure, and is about to hit the strong support of 2.382 level! For a period of time in the future, Tesla's stock will be judged by the top to bottom golden split of 2.382 ($185.2) as the long short divide, with a strong range above it and a weak range below it!
$TSLA -The Best to Ever Race (Supports) -Taking in to consideration an investor's POV of positioning,
aswell the point of view of Swing Trader who like to keep positions opened.
You should know that NASDAQ:TSLA is not out of the woods yet !
Here the Strong Zones of Supports to provide you with discounted Buys and high probable long opportunity outcomes for Swing Traders
TA speaking;
-First Support push occurred today at the previous High, a key level (dashed white line)
-Support Trendline should play a key role on maintaining the price to proceed
heading lower in to South direction at S/R and 166.7$ marked key level.
These Support are very great Buying Zones for investors and as-well market speculators
so called traders.
Losing these support, would put NASDAQ:TSLA on a huge pressure position despite stock's share
price decline.
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any Trading Activity based Solely on this Idea.
Does Tesla Lowering Car Prices Concern Among Traders?Introduction:
In recent news, Tesla, the renowned electric vehicle manufacturer, has made headlines again by announcing a significant reduction in the prices of their car models. While this move may seem appealing to consumers, it raises concerns within the trading community regarding the potential implications for Tesla's stock value. In this article, we will explore the reasons behind Tesla's decision, examine the potential impact on the car market demand, and discuss a call-to-action for traders considering shorting TSLA amidst this situation.
Understanding Tesla's Price Reduction Strategy:
Tesla's decision to lower car model prices can be attributed to several factors. Firstly, as the electric vehicle market becomes increasingly competitive, Tesla aims to maintain its market share and attract new customers by offering more affordable options. Secondly, the company's ongoing efforts to streamline production and reduce manufacturing costs have allowed them to pass on these savings to consumers. Lastly, Tesla's long-term vision of revolutionizing sustainable transportation involves achieving economies of scale, which can be facilitated by lowering prices and increasing sales volume.
Potential Impact on Car Market Demand:
While lower prices may initially spark interest and boost sales, considering the broader implications for the car market demand is crucial. As Tesla reduces its car model prices, other manufacturers may be compelled to follow suit, leading to a potential price war. This scenario could decrease profit margins across the industry and impact the overall demand for electric vehicles. Moreover, with the global economic uncertainty caused by the ongoing pandemic, consumer spending patterns may be more cautious, further dampening the demand for higher-priced electric vehicles.
Call-to-Action: Shorting TSLA Amidst Dropping Car Market Demand
Traders, it is essential to closely monitor the evolving situation in the car market and consider the potential impact on Tesla's stock value. As the demand for cars, especially higher-priced electric vehicles, faces potential challenges, shorting TSLA could be a prudent strategy. By shorting TSLA, traders can profit from the anticipated decline in Tesla's stock value.
However, exercising caution and conducting thorough research is crucial before making any investment decisions. Analyze Tesla's financials, monitor market trends, and stay updated with the latest electric vehicle industry news. Remember, shorting a stock involves risks, and it is advisable to consult with a financial advisor or professional trader to determine the best course of action based on your individual risk tolerance and investment goals.
Conclusion:
As Tesla lowers car model prices, it is natural for traders to express concern about the potential impact on the company's stock value. By closely monitoring the evolving car market demand and considering shorting TSLA as a possible strategy, traders can capitalize on the anticipated decline in Tesla's stock value. However, it is crucial to approach this decision with caution and seek professional guidance to mitigate risks and make informed investment choices.
Tesla Pullback Targets + Major Bull Signal NearingHi Guys! This is a Technical Analysis on Tesla (TSLA) on the 3 Day Timeframe.
So we are continuing the move on Target from our Rejection, our Downtrend held by the Resistance Trend Line.
A break and confirm above the Resistance Trend Line will indicate a "Trend Change".
Till then we are being pushed DOWN in track on hitting our Targets:
1. 0.618 FIB level, around $224
2. Blue Moving Average, the 100 SMA
3. Green Moving Average, the 50 SMA
4. 0.5 FIB level, around $200
Our 1st target is the 0.618 FIB level, but notice how the 100 SMA is hovering just below it. So its likely that we test both.
So the natural order of things is that when Price moves above a Moving Average, we need to test it as SUPPORT before moving higher. So this is why i believe we test both 0.618 level and 100 SMA, since we have not yet tested SUPPORT.
Watch how we interact with this moving average.
Depending on when momentum comes in (indicated by indicators), we may have a strong bounce here due to convergence of 100 SMA & 0.618 FIB and continue upwards.
For this reason, this would be my 1st BUY ZONE.
Also Note the 50 SMA:
We are currently curved upwards, indicating further movement UP. So this line is continuosly changing. Since currently its ABOVE 0.5 FIB level, this area would be my 3rd target to watch.
If we end up breaking the 50 SMA, we may go to the 0.5 FIB level. But for now its less probable.
A Major event is also nearing. The 50 SMA/ 100 SMA GOLDEN CROSS.
Notice on your own charts, how everytime this occurs, TSLA explodes in price.
This cross may also prevent TSLA from reaching the 0.5 FIB level.
We would need to keep an eye out on the Macro timeframes for further specifics as well.
To get details on the Momentum lets look at the MACD.
We have recently crossed BEARISH on the MACD. With increasing size and number of RED histogram bars.
We need to see lighter colored RED bars. Eventually seeing GREEN bars for momentum to change BULLISH.
Also NOTE -> I'd prefer the BLue/Orange lines stay ABOVE the 0 level, indicating the continuation of the overall BULL trend in TSLA.
The STOCH RSI -> Also a momentum indicator. We have moved below the 20 level. It's crucial to watch out for the BULLISH cross (Blue line over Orange line) back above the 20 level. This will indicate injection of momentum back into TSLA.
The RSI -> Notice our current pattern where the Orange line has CROSSED below the Black line. Normally this indicates Price Declines.
So watch where the downward curve of the Black Line and downtrend of Orange line stops
Look for a Bullish cross of Orange line getting ABOVE Black line.
And just to give perspective, the Price we are at right now while i post this idea. We are 20% cheaper from th current highs.
TSLA has out performed many stocks in 2023. So this pullback presents great opportunity. Continue to watch these levels. Take action accordingly.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
***Read my Previous Analysis BELOW From 08/03/23 For More Context!
Stay tuned for more updates on TSLA in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
Tesla Slashes Model 3 and Model Y Prices in ChinaIntroduction:
In a surprising move, Tesla recently announced a significant price reduction for its Model 3 and Model Y vehicles in China. This strategic decision aims to boost sales and maintain Tesla's stronghold in the world's largest electric vehicle (EV) market. However, as traders, it is essential to exercise caution and carefully evaluate the current stock outlook before making any investment decisions. Let's explore the details and why a pause on Tesla might be prudent until the stock outlook turns up.
The Price Cut:
Tesla's decision to reduce prices for its Model 3 and Model Y vehicles in China has undoubtedly captured the attention of consumers and investors alike. The price reduction, ranging from 8% to 20%, reflects the company's ambition to remain competitive in China's rapidly evolving EV market. By aligning its prices more closely with domestic competitors, Tesla aims to attract a broader customer base and maintain its regional dominance.
The Rationale:
While Tesla's price cuts may initially appear concerning to traders, it is essential to understand the underlying rationale. China's EV market is becoming increasingly saturated, with numerous domestic manufacturers offering competitive alternatives. By adjusting its prices, Tesla seeks to solidify its market share and continue its growth trajectory in this crucial market. This move demonstrates Tesla's agility and willingness to adapt to market dynamics.
Evaluating the Stock Outlook:
As traders, it is crucial to remain cautious and evaluate the stock outlook before making investment decisions. Tesla's price cuts in China signify a potential shift in the company's profitability and future earnings. While the move may lead to increased sales volume, it could also impact Tesla's profit margins and overall financial performance. Therefore, monitoring the stock's performance closely and analyzing the long-term implications of this strategic decision is prudent.
A Cautious Call-to-Action:
Considering the current circumstances, traders should exercise caution and pause on Tesla until the stock outlook turns up. Traders can make more informed investment decisions by taking a step back and thoroughly assessing the market's response to the price cuts. This pause allows for a comprehensive evaluation of Tesla's financial performance, market positioning, and the potential impact of the price cuts on long-term profitability.
Conclusion:
Tesla's recent price cuts for the Model 3 and Model Y in China highlight its determination to maintain its dominance in the world's largest EV market. While this move aims to boost sales and adapt to market conditions, traders should approach the situation cautiously. Evaluating the stock outlook and considering the long-term implications of this strategic decision is essential. By exercising patience and prudence, traders can make informed investment choices that align with their financial goals.
Long Tesla Long Tesla here 60% of position allocation. Deviation out the wedge, Daily RSI crazy. Stops set at -2%. Still plan on shorting Tesla to the 200 weekly MA but think we get a reversion to mean here on daily. I posted my $281 tesla short and closed those positions yesterday. Perfect stop sweep on the June 23rd low. News is noise. Not advise, good luck.
Tesla -> Two Bullish Scenarios Now!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla💪
After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of months of more than 100% was no surprise at all.
With Tesla stock retesting the 0.382 weekly fibonacci retracement level we could already see a weekly bullish rejection away towards the upside from here.
However I am still waiting for bullish confirmation at the currect $245 support level - if we drop below the zone then I do expect a rejection at the next support which is sitting around the $215 level.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Tesla (TSLA) | Approaching a Strong Support Level!Hi,
The well-known Tesla (TSLA)
Just in case I have to "reveal" my next buying zone in time because the pullback has started and it can be quite aggressive. Preparing is the key, and let's prepare then ;) The last idea TP levels reached perfectly, ~$300...
To the point, my eyes are pointed around $180 to $215 and the criteria are:
1. The trendline - the trendline has been drawn from the closing prices to remove the noise from the candlestick chart. If you use a candlestick chart then the closing prices are the right way to go if you want to remove the extra noise that wicks can make. Atm this major downward trendline has been broken during June and if the price starts to reach back there to retest it then it acts as a support level, as a buying opportunity for you!
2. Strong horizontal price zone - the middle gray area has been worked as a support and resistance level multiple times. Basically, if the price reaches there then investors "feel" it and something always happens. Hopefully, this time is not an exception and we can see quite a solid reversal from there.
3. The round number $200 - it is solid confirmation to the horizontal area if it matches with the round number and currently there is $200 waiting for us inside the marked area.
4. Minor trendline - the blue trendline, currently drawn from body to body, the third touch should add a bit of strength to the optimal buying zone.
5. EMA party - Moving averages on every timeframe which all should add strength: Weekly 50 and 200 are inside or close to the shown box, and Monthly 50EMA is inside the optimal zone to support the price.
6. Fibonacci retracement 62% , golden ratios, are inside or slightly under the buying zone.
7. The structure - it is mid-term bullish because we have there also a mid-term new higher high (HH) and probably this area around $200 can be a possible new mid-term higher low (HL)
* Considering technical analysis then the optimal buying zone should stay between $180 to $215
* First short-term targets updating on the chat room.
Good luck!
Tesla -> Protect Your Position Now!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪
After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of months of more than 100% was no surprise at all.
With the weekly timeframe being quite overextended on Tesla, I would actually love to see a retest of the 0.618 fibonacci level which is perfectly lining up with previous market structure.
From a daily perspective you can see that Tesla is starting to create lower lows and lower highs so there is the chance that we are ready for a shorter term bearish correction - I do expect this correction to end though after we saw a retest of the $220 level.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Tesla -> Bullish Or Bearish?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪
After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of months of more than 100% was no surprise at all.
Weekly market structure on Telsa is currently a little bit overextended so we could certainly see a retest of the 0.382 fibonacci retracement level which is sitting roughly at $245.
With the recent drop on Tesla after earnings we could certianly see some more bearish pressure and I would love to see a retest of the previous daily support at $245 and then from there I eventually do expect the creation of a new all time high.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
TESLA 120$Tesla rallies are for liquidity for most of it.
We might see 120$ again before we rally to 340$.
I see 3 days red thats a 3 soldiers falling.
This is not a financial advice, this is only my view.
Charts and volume would teach us on how to watch the stocks or FX markets.
Trade base on your own decissions.
Follow for more daily updates on FX and stonkss..
$TSLA -The Best to ever Race- Tesla Inc. ( NASDAQ:TSLA ) beat Earnings Report Date of Fiscal Quarter Q2/23 on 19th of July.
So far so good fundamentally speaking for Tesla Inc. ( NASDAQ:TSLA )
Moreover, jumping to the charts *3D(tf);
we can spot a Triangle being formed with its Apex approaching end soon.
Note how the red Trendline Resistance managed to reject the price by a lofty -12%
negative
Moving on the *Daily (tf)
short-term momentum is biased to the downside.
On the *Daily (tf) we can see a Bearish Pattern having formed (rising wedge)
which has broken to the downside with strong selling volume momentum above average.
(VRVP's POC sitting at 230-225$)
*D(tf)
Tesla 2019 Vs 2023 Breakout Comparison Tesla 2019 Vs 2023
- Repeat Megaphone pattern?
- Repeat Megaphone breakout?
- Repeat 10% pull back before major move?
If we confidently break through and close above resistance or get a 10% pull back, it could be worth putting in place a position with a stop under resistance or a tighter stop if its the 10% pull back scenario.
We could still revisit the 200 Daily SMA... and we need to be aware of that. That's why you have a stop because the 200 DSMA is idyllic but given the similarities of this pattern, it could play out and it might be worth taking a position SUBJECT TO having a tight stop under the resistance level (once we break above it) or having a tight stop under the 10% decline entry.
It will be interesting to see how this chart plays out. It could hardly be as exponential as 2019? but it could be a nice move.
PUKA
Tesla -> The Strongest Stock Of AllHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla💪
After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of months of more than 100% was no surprise at all.
On the weekly timeframe you can see that Tesla stock is still in an overall strong bullish market, there is resistance coming in at the $320 level but until then there is no reason why Tesla stock should start a correction.
Looking at the daily timeframe you can see that Tesla stock is once again creating a new swing high and there was no bearish rejection at the previous resistance at all - therefore I simply do expect another rally of 15% towards the upside to retest the weekly resistance at the $320 zone.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset: