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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.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
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!
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:
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.
If you enjoyed my TA, please send a boost my way and comment below. Thanks :)
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 $188
- We are forming a double bottom which is great news
- Fib retracement should hold at 0.5 at least to 0.618
Do you agree we will retrace to Fib level 0.618?
TESLA's short term downtrend ENG:
- I adjusted the tend line going from the top to the bottom of the channel just a bit.
- Once adjusted, you can see price using it as a support on it's way down.
- RSI losing strength
- And all the negative press Elon Musk is getting will continue to get worse for a bit with the release of the Twitter Files.
TESLA is one of the very few things I'll buy when I deem it to be BUYING TIME.
For now, we wait.
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ESP
- Ajusté un poco la línea de tendencia que va desde la parte superior hasta la parte inferior del canal.
- Una vez ajustado, puedes ver el precio usándolo como soporte en su descenso.
- RSI perdiendo fuerza
- Y toda la prensa negativa que está recibiendo Elon Musk seguirá empeorando un poco con el lanzamiento de los archivos de Twitter.
TESLA es una de las pocas cosas que compraré cuando considero que está COMPRANDO TIEMPO.
Por ahora, esperamos.
MY MINIMALIST CHART ANALYSIS FOR TESLA$TSLA
01.24.22
1522H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
This will be a good season for ENTRIES. The market has found strong support at a very bargain price for cryptos.
We will be focusing on BITCOIN and ETHEREUM as our TOP CRYPTOS. As for ALTS, ADA, POLKADOT, MANA, SAND, CURVE, MATIC, and a few others.
Basically, the outcome of BITCOIN, the ALTS tends to follow. So I am limiting my published ideas to a few, quality over quantity.
ALERT:
Looking now for an ENTRY to a short to midterm LONG SWING trade.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy:
1. RSI is still above the midway, still room for the market to go down.
2. STOCHASTICS is LOW. We can expect a temporary push upwards on a daily.
3. Volume still needs to generate more SUPPLY for a huge volume of BUYERS to come in, but I am afraid a lot of HODL at this point.
4. Looking at key support at 891 zones.
5. We can then expect strong support at the 786-785 right at the bottom of the MAJOR BLUE BOX, MINOR YELLOW BOX, and the ENTRY AREA OF VALUE MARKER.
Hoping that the market does not break any MAJOR or MINOR BOTTOM of our BOXES for a REVERSE in TREND. Again, if it does, it will be a BUYERS MARKET and good for us all RETAILERS.
Looking back months ago when the MINIMALIST BOX ANALYSIS was made.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
PUBLISHED IDEA is created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
Q/A : What are the BOXES for? It is a ROAD MAP for TARGET ZONES IDENTIFICATION.
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS, Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology .
Stay away from FOMO and FUD.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
It is all based if the right conditions are met. Generally, it will follow the MINIMALIST BOXES.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of my work.
Much thanks to my 3 great mentors. They are so much of a blessing that I also wish to share my knowledge of what I was taught.
Vive Le Autist!
Vive Le Diamond Hands!
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 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!
The Secret Behind TSLA's 8% Jump on 11/23 - just getting startedI noticed the stars aligning on TSLA, and now much that has happened since Elon took over Twitter is starting to make sense.
1) Elon mentioned back in October it was likely TSLA would do a $5-10B buyback
2) Biden's inflation reduction act creates a 1% excise tax on all Stock Buybacks starting 1/1/23. At a $10B buyback, this represents a $100,000,000 unnecessary liability to the company - meaning Tesla is either going to do a buyback before end of year...or never. A $10B leaves the company in a very strong position w/ a Debt Ratio of .27. The benchmark for a strong company is .4 - meaning Tesla could easily buy back anywhere between $10B or as much as $13.5B of stock and stay in a strong position.
3) TSLA's super hyped and long anticipated Semi 1st delivery event is slated for 12/1. These events have typically sent TSLA shares soaring (even the cybertruck debacle)
4) The chart below shows abnormal relative volume by time period. I recognized a similar pattern when Elon was SELLING shares to finance Twitter earlier this month. Tesla's board isn't dumb and w/ Elon as CEO knew this would depress the price and create a buyback opportunity.
5) Tesla is presently flush with cash ($21B) and has easily manageable debt ($3B). A $10B buyback at $170-180/share would equate to 56M shares. Tesla's 3M average daily volume: 74.7M - volume today: 108.2 (45% ABOVE avg volume) - 33.5M excess shares. This likely indicates TSLA bought back around 25-28M shares.
6) TSLA is well in the green this year - yet the don't issue dividends. I'm not 100% certain on this point, but I believe a company purchasing it's own stock can offset profits and reduce it's tax liability. Tesla doesn't issue dividends, so there's no reason to hold the cash reserves to incur the 21% corporate tax rate. Add to this the fact that the stock got crushed the last 2 months - falling from $308 to $168 (45%), and every Tesla share holder is very eager to stop the bleeding. What to do...what to do???
7) Elon's tweets have been a hotbed for moving TSLA, DOGE, and TWTR shares in the past. Since the Twitter takeover, Elon has been mostly mum aside from some very vanilla posts about TSLA - nothing that would dramatically impact the price.
8) Short volume, while not excessive, will add some fuel to the fire as they cover positions.
Tesla will rebound in dramatic fashion the next few weeks as will the broader market. Corporations saw record profits in Q2 of this year, and if my assumptions on buybacks reducing a corporations tax liabilities are correct - the entire market will likely see a very merry santa rally. Even if a corporation is forced to pay tax on stock buy backs that is similar to corporate tax of 21%, delaying beyond 12/31/21 makes zero financial sense for companies in a strong financial position like Tesla.
My very bold prediction: Tesla finishes 2022 in dramatic fashion over $250/share. Closer to $300/share isn't out of the question.
TSLL | Tesla 1.5X Bull ETF | OversoldThe fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. The fund is non-diversified.
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.
Tesla 20 % bounce comingRecently we published where we explained that there´s more downside coming. So far the idea is playing out as expected.
We expect the price continue down as angles of the Keltner channel are still pointing to the downside . We expect the price to reach the buy zone in the next days. Next we expect the bounce and filling the gap which corresponds with the price resistance .
Summary of the trade:
20 % gains to be made by bulls.
Buy at the support
Sell at the resistance / the gap
Good luck
Tesla, the stock market daring no more?I've never been a big fan of Tesla, especially since speculation is rampant on a stock that does NOT pay dividends, but I digress... Tesla look to have coiled up in a symmetrical triangle or what could also be a head and shoulders pattern, "IF" the pattern were toplay out we could see price fall as far as $110. So far my short from $275 is in profit, but I'll be closely following as this trade develops.
TSLA Tesla Double Bottom | Call Options to Buy ! If you haven`t sold the Double Top:
Then maybe you should buy the regional Double Bottom now.
Looking at the TSLA Tesla options chain, i would buy the $220 strike price Calls with
2022-11-18 expiration date for about
$13.55 premium.
Looking forward to read your opinion about it.
TSLA Potential for Bearish Continuation | 18th October 2022On H4, with the price moving within the descending channel and below ichimoku cloud , we have a bearish bias that the price may drop from the sell entry at 233.10, which is in line with the 23.6% fibonacci retracement and previous swing low to the take profit at 181.54, where the swing low support is. Alternatively, the price may rise to the stop loss at 260.86, where the 50% fibonacci retracement is.
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Tesla has no more battery.I was in a Tesla not too long ago. Really mediocre interiors that feels of nerd design inside and out. I do not know what all the hype is all about with this Elon Inc pseudo innovation. And now back to technical analysis.
Flat formation to head for C Wave. Still a fair way away from confirmation, but when I see a familiar pattern, I take the chance.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.