$TSLA NOT SO FAST BEARS!NASDAQ:TSLA is my bread-and-butter stock. Yet I remain unbiased until a I have a reason. That being said, even with today's bearishness we still have much to break to the downside.
I see a reason to be bearish with selling being seen into these pops, and typically that's something to note, but in the same breath this can cause tension on the sell side, making it easy to pop.
Tomorrow, I see 253.50 as the candle close if we drop and chop.
IF this acts as a reversal point, we still have yet to fully test our downtrend. So, I will be looking for a potentially STRONG reversal up. This again will drive buyers into that move, and without 275.50 broken, we have no signal for CONTIUNATION.
Teslachart
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 SHORT TO $650 Following is the analysis of Tesla Inc coming in for the next few weeks/months.
1) Wave 1 started low at $70 in Dec 2019
2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2% correction at $407
3) Wave 3 started on Sep 2020 and had a good run-up of FIB 127% from $407 to $900 ending on Jan 26, 2021
4) Wave 4 is a sharp zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter and sharp correction ending around $555
5) Wave 5 went ended at 1235 last November
Now we are in a correction (A-B-C) that's going to correct the whole 5 impulse waves
I believe we are only in Wave A and this might come down to 50% or 61%, since Tesla had a huge run-up in a very quick time I expect it to correct at 61% in the next coming months so those values are $789 and $650 that needs to be closely watched.
Appreciate feedback and omments, please share
TESLA IN DISTRIBUTION ZONEAs my chart explains everything, no words needed to explain , that simple ELLIOT wave principle will tell you what's happening NOW.
TESLA will not make new high now. ALL car manufacturers in the world clossing their IC engine plants
Young traders buying in a hurry to accumulate this stock BUT will not knew that one more DROP is there.
ER.Selvam.B
Neo wave,Price action practitioner
Tesla long buy chartsConsidering i am long and currently hold 13 shares in my portfolio (for disclosure purposes) i have and extra buy zone for Tesla included. Normally I wouldn't sell Tesla and would just recommend buying when it goes down, if you are swing trading these are zones that could be useful. The most optimal buy zone is started at 318 and below. Most likely it is unlikely we see Tesla dip that far is still is a possibility that investors would be foolish to not jump on when the time comes. The second zone starts at 319-382. If you would like to add small amounts to your position 393-420. 421-447 is a holding zone and upwards from that is where you should start taking profits
TESLA - are we done ? Looking at Tesla , the Sell Signal occured pointing on the ongoing correction. We already sold the excess at 1780$ (previous Idea) Waiting for confirmation if 1485$ can hold to get back in or we going to see some lower correction levels around 1250$ - 1050$. The Buy signal will be the final confirmation.
No financial advice, only my idea.
$TSLA Increase until EarningsOn April, 2nd 2020 $TSLA reported that they had delivered a little over 88,000 vehicles.
This has been strong support for BULLS entering into Q1 Earnings season.
$TSLA is expected to report earnings on or about April 22nd (maybe as far out as April 29th).
The general consensus for the EPS is $-1.31.
I'm seeing $TSLA continue to rise until then with the strong BULL support with 3 possible resistance levels.
$675
$700
and
$750
After that the BULLS (and anyone covering their SHORTS) will begin to sell:
Tesla continued to work through most of the start of the lock-downs, but eventually had to oblige to lock-down orders.
They have put many of their sales and delivery staff on furlough and slashed employee pay since.
I believe Tesla stock will feel the BEARISH consensus following earnings.
Looking to buy in long then.
The shaded box is the range I am giving for their Earnings, however general expectations would be April 22nd.