Let's talk about Elon & Tesla...Happy New Years people! 🎇 🎉
Starting 2023 off with another one of our Nostradamus style predictions. 🔮
Since Elon's massive selloff, speculation around Tesla has heated up.
So we figured we'd throw in our two cents...
Looking at the Tesla and SP500 daily charts here, we can see a few potential scenarios playing out.
We've mapped some key levels; the major 2020 support of $60, the $80-$120 zone it recently dipped into, and the bounce zone of $130-$160.
After the Elon-induced selloff, we saw a very nice bounce with 3 green candles last week. Definitely some short-squeezing taking place before years end.
This bounce can easily make a run back up towards $130 if we see a sustained pump across equities. 📈
Of course, which direction Tesla will move in the short-mid term depends on the stock market as a whole. That's why we included (as always), the SPX.
We can see a clear bounce off the top of the channel on the SPX that took place in early-mid December.
We've crabbed along the last week or so, and our gut tells us a broader sell-off might be incoming in Q1. 📉
If you're a long-term older of Tesla, setting up a dollar-cost average grid on the way down in that $80-$120 zone, might not be a bad idea. 💪
Especially if we really nuke down towards the $60 major support.
Long term we are VERY bullish on Tesla and all things Elon, but we might see some great buying opportunities here in 2023.
Eyes peeled.👀
-TucciNomics
Chief Overlord, AlgoBuddy
Teslamotors
Tesla Analysis 31.12.2022Hello 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 of this asset:
$60 to $40 Tesla in the Next 3 MonthsIn the short term I could see a $66 to $40 $TSLA....
There's concern that the brand image has been damaged. Investors are calling for proper evaluations of the damage done, others are seeking to have Elon flat out replaced at Tesla.... simply spending $44Bn on Twitter and having 100M followers hasn't put a smile on everyones faces. Recent antics continue to have Tesla at the forefront of public discourse for rather trivial and immature reasons. Strong selling pressure supports the negative sentiment, & the disapproval of his "neglect" of Tesla.
There's a desire for him to focus more on Tesla.... why not spend the money necessary to get Twitter to where it needs to be. He should just rebrand w/ a gold bird and step back. Tesla needs his attention. Its not the end of the world.... $66 to $40 is a fantastic buy zone.
Personally I don't see Elon finding a CEO for Twitter in the next 3 to 4 months. I don't see him managing his impulses to troll. I don't see him rebranding twitter. He spent $44bn.... and he should spend another $2 to $5 billions so it can run itself while he focuses changing the direction of Tesla. One of the things that exacerbate the situation is the lack of communication between the board and investors.... yet he owns Twitter. Tesla is incredibly unsophisticated when it comes to communications.
15 to 20 years from now it will be but a blip on the radar. At the core of things the future of Tesla is bright... and we're still so early on the adoption curve, but there's nothing that can stop the slide....except a change of behaviour, and a refocusing of Elon's attention.
Also, once you by-pass the Twitter noise.... and Elon's antics, there's macro pressure on the stock as well.
And these are things outside of the Fed.
Take it for what it is, and recognize that the best buying opportunities are months away.
This should be a $300 stock, but those verticals wont get unlocked until years down the road....
if it doesn't bounce by the end of Jan, adjust perspective.
Be prepared to visit $40, before retesting $60.
It's a strong sell imo... for the time being. What your buying now can be bought for half price. It's not even worth scalping till after the next big drop.
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.
If you enjoyed my TA, please send a boost my way and comment below :)
Tesla TSLA Market Cycle Signaling Capitulation Stage Coming? Lots of hype about the moves as of late in Tesla TSLA stock price, so I wanted to compare the Market Psychology & Cycle Timing phases to the Monthly Chart on TSLA.
Do you think we are in the latter stages moving toward capitulation ?
My take is that if we see a bounce from these levels into the new year (January 23'), it is likely another opportunity to short TSLA to under <$100 per share — potentially to a long-term trendline on the monthly chart that resides in the $80 area.
Monthly TSLA Market Psychology & Cycle Timing 📊
Monthly Chart w/ Regression Channel
Weekly TSLA Market Psychology & Cycle Timing 📊
Weekly Chart w/ Regression Channel
Daily TSLA Market Psychology & Cycle Timing 📊
Daily Chart w/ Regression Channel
Monthly TSLA Market Psychology & Cycle Timing w/ Yearly Returns Since IPO 📊
Indicator by @tradingview user @Botnet101
Indicator by @tradingview user @everget
TESLA might be trading at 60-70$ 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.
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 TSLA - Downward Support AreasToday you can review the technical analysis idea on a 1D linear scale chart for Tesla , Inc. (TSLA).
On November 11, 2022, I posted a concerning chart for Tesla stock. Since that point, Tesla stock is down 42% and still looks concerning.
I noted various support areas on the chart including a long term trend line that may help create a possible bottom for Tesla stock.
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 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.
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 $188
- We are forming a double bottom which is great news
- Fib retracement should hold at 0.5 at least to 0.618
Do you agree we will retrace to Fib level 0.618?
TESLA's short term downtrend ENG:
- I adjusted the tend line going from the top to the bottom of the channel just a bit.
- Once adjusted, you can see price using it as a support on it's way down.
- RSI losing strength
- And all the negative press Elon Musk is getting will continue to get worse for a bit with the release of the Twitter Files.
TESLA is one of the very few things I'll buy when I deem it to be BUYING TIME.
For now, we wait.
-----------
ESP
- Ajusté un poco la línea de tendencia que va desde la parte superior hasta la parte inferior del canal.
- Una vez ajustado, puedes ver el precio usándolo como soporte en su descenso.
- RSI perdiendo fuerza
- Y toda la prensa negativa que está recibiendo Elon Musk seguirá empeorando un poco con el lanzamiento de los archivos de Twitter.
TESLA es una de las pocas cosas que compraré cuando considero que está COMPRANDO TIEMPO.
Por ahora, esperamos.
MY MINIMALIST CHART ANALYSIS FOR TESLA$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!