BREAKING NEWS The Real Estate and Banking Crisis in China!
The Real Estate and Banking Crisis in China Is Spreading to Other Aspects of the Chinese Economy!
A lot of information is coming out that the Citizens can't get any money from their banks.
We have seen that before! Never ends very well.
Apart from China's problems, Tesla has been experiencing problems in China.
1. The cameras on the Cars, that they can't be used anymore.
China thinks they could SPY on Them!
Good luck with a Tesla without cameras ¿?
2. Tesla reduced vehicle production at its Shanghai factory this week due to parts shortages caused,
in some measure, by a supplier's Covid lockdown nearby.
According to research by JL Warren Capital, Tesla specifically stopped production lines for its crossover electric vehicle,
the Model Y, at its Shanghai Gigafactory
3. Tesla faced multiple accusations of brake failure in China
4. China helps NIO to become the number one Electric Car for sure.
Made in China is always better for the Chinese Government.
5. China and USA aren't getting closer because of the Ukrainian War and Nancy Pelosi's visit to Taiwan.
Teslamotors
TSLA LongIn Q1 2022, Tesla Outsold All Luxury and Premium Car Brands In The U.S. and gained 8.6 percent of the total market share of luxury automotive sales. Tesla is showing no signs of slow down. We are now currently at a 1 hour supply zone level and I'm looking for a continuation to the upside because break of previous structure to the upside was broken at 790.00 area. I'm looking for a projection to 1002.00 area first TP. We will react to whatever the market shows us and trade accordingly.
$TSLA Tesla Head & Shoulder c'mon Elon!$TSLA TELSA
I have been waiting so patiently for TESLA to meltdown and it just keeps showing strength and pulling through.
Elon fans are still strong while Elon is out frolicking on a boat shirtless with skin that hasn't seen sunlight since the pandemic looking for baby mama number 5.
As you can see above, TESLA has formed a head & shoulder pattern on the larger time frames, the monthly shows it best.
Head and shoulder criteria:
1. Buying volume is diminishing and showed most strength on the left shoulder.
2. The head is much higher then the left shoulder.
3. The neckline fits the description of a proper head and shoulder pattern.
4. We are beginning to form the right shoulder currently as Tesla broke out of the pennant to the upside after printing solid earnings and sharing its sale of BITCOIN.
Tesla hasn't even shown signs that it is breaking down yet, it hasn't capitulated or showed strong signs of weakness in this bear market.
I will be waiting patiently like a snake in the grass for my buying target near the Gap (red bar).
Tesla TSLA - Not a BEAR PENNANT.I'm a little upset to see ideas like "TSLA is a bear pennant."
Honestly, TSLA is a strong stock, the market is giving signs that the bear market has slowed, which means we are potentially preparing for a reversal.
So here's the question - would you really want to trade BEAR PENNANT in a strong stock in a bull market?
Tip:
You will trade better if you use more than just patterns from the internet!
Translated with www.DeepL.com (free version)
Don't stop believing in Tesla stock 🔥Don't stop believing in Tesla Stock
Tesla's stock is at a very low point, its fallen by almost 40% this year!
During the negative market phase, Tesla has experienced a greater decrease than the typical corporation, making its value appear more and more appealing!
The business will undoubtedly outperform profit projections when it reports earnings today! ei - 20th of July.
Comment below what you think will happen with the Tesla stock?
Tesla Analyze 🚗(🦋Butterfly🦋Harmonic Pattern!!!Tesla Was able to Break the Support Line .
Tesla can make Bearish 🦋 Butterfly 🦋 Harmonic Pattern for around 830$ and at my TRZ (Time Reversal Zone), and I expect this price to end the Uptrend rally .
Tesla Analyze Timeframe 4H ( Log Scale / Heikin Ashi )
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Tesla deliveries fall. Is its stock price next?Tesla's stock price last Friday jumped from $673.42 to $681.79, gaining 1.24% after the end of the session.
Tesla stock showed signs of range contraction during the day, making an intraday range from $666.36 day low to a day high of $690.69, the narrowest in the last seven days. The stock volume was 79% of the average volume on the previous trading day, down by 11 million shares and $14 billion in value. This low volume might signify possible price changes for the subsequent trading sessions.
For a longer-term view, Tesla's stock price, which is currently on a downtrend, is down by 35% this year, slightly more than the Nasdaq Composite (at -30%). Tesla stock might continue this downside as the market digests its quarterly report for the second half of this year. Tesla reported just over 250,000 deliveries, its first decline in deliveries since quarter one, 2022.
On the technical side, looking at the 4-hour chart, a trend channel indicator shows a clear downtrend as candles create lower highs and lower lows.
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The price, now sitting at the top of the falling trend, might see a continued move to the downside and create another lower low at $560 after breaking the $620 support and potentially targeting the $450 price point. However, a break to the upside on the $785 resistance might indicate a potential short-term buy and target at least $865 to fill the gap. Watch for trading in the tight range of $734 and $784 in this case.
Price rejecting at the $785 resistance or $620 support level means that we will see an extension to its period of consolidation in this price range, which it has held since May 11, 2022.
$TSLA TESLA Motors Bearish Pennant vs Bear Flag$TSLA TESLA
I wouldn't ignore this bearish pennant on the 1 Day - daily.
It had a death cross on daily at the end of MAY. This is generally a lagging indicator and it appears it might be ready to show out after printing a bearish consolidating pattern.
Support levels are marked below. Also a GAP marked in RED.
I am wishful hoping the gap will fill because I would love to load up on shares but I'm not sure if it will go that low ever again.
Tesla loses billions With US stocks officially entering the bear market recently and with concerns that the next recession is upon us, companies are walking another tightrope.
Consumer goods companies including big multinational brands have employed various measures to protect their profit margins and cushion the impact of skyrocketing inflation and weakening consumption. Even household name brands have not been spared from these factors.
Tesla loses billions
Silicon Valley-based car giant Tesla (NASDAQ:TSLA), which many consider as a tech company rather than a carmaker, recently acknowledged that it is losing “billions of dollars” from the global battery shortage and supply chain disruptions in China.
Tesla operates a ‘gigafactory’ in Shanghai, which was shuttered for weeks due to the COVID-19 lockdown in the city.
Aside from the disruptions caused by the lockdown, Tesla is also facing challenges in procuring batteries to power its cars. The company recently hiked the prices of its China-made Model Y due to the higher costs of the raw materials included in batteries.
Tesla CEO Elon Musk also revealed that the company’s newest car factories in Texas and Berlin are losing money “because there’s a ton of expense and hardly any output.”
“Getting Berlin and Austin functional and getting Shanghai back in the saddle fully are overwhelmingly our concerns. Everything else is a very small thing basically,” Musk said.
Tesla investors appear to have taken the news in their stride, with TSLA stock price hugging close to US $700 per share, and the Chaikin Volatility Index not indicating any abnormal change in daily price ranges.
Tesla: when are sellers coming back? Tesla
Short Term
We look to Sell at 774.80 (stop at 827.00)
We look to sell rallies. Trading within a Bearish Channel formation. A higher correction is expected. Expect trading to remain mixed and volatile. Previous resistance located at 775.00.
Our profit targets will be 621.11 and 539.00
Resistance: 775.00 / 1000.00 / 1240.00
Support: 621.00 / 540.00 / 350.00
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URBN Vs TSLA , Similar Breakout Coming? Both URBN and TSLA experienced initially a large rise followed by a long consolidation period of choppy price action
TSLA completed this price action and broke out spectacularly
URBN is still within this up channel (which is slightly less inclined), will a break out comparable to TSLA follow?
I understand that TSLA is more of a growth stock compared to URBN but the charts are very similar.