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$TSLA in accumulation againHello fellow traders and dear padawans. As we can see from the chart, after the March 2020 crash TSLA has been trading on a clear pattern of accumulation followed by steep rallies. It looks like we are in another accumulation ranging between $790 and $900. Although volume has been decreasing that OBV keeps going up like a rocket, which gives me confidence there will not be a big correction (given the market as a whole doesn't go through correction). RSI is holding above the 50 level but not on overbought zone, which is what we want to see. The MACD has been on a steady rise since the crash. It is now taking a breather from that long run. Last time it happened was on the previous accumulation on the $600s. Also, after that dip last week the price moved above the 21 and 14 emas. Today it found support on the 14ema and moved back up, which is a good sign. I bought a fair amount of shares when the price dipped to $795. I am still accumulating at these levels, specially when the price falls and responds to a fib level or ema on the daily or intraday timeframes. Along with APPN Tesla is by far the most profitable stock in my portfolio, and one of the most profitable that I trade so I keep buying on every dip and repeating the same process. 4hr chart Safe trades! Show your love: If you get anything out of this TA, please hit the like button so other can find this analysis quicker. Follow for more: If you want the best entry/exits just follow me, you won't regret. Thanks a lot! ***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
NASDAQ:TSLA
by Safe_Trades
TESLA ! ROCKET OR SUBMARINE ?! TESLA! Rocket or submarine. We must recognize that the evolution of the company last year, ignited a lot of imagination, and a lot of minds. Many fortunes were made and many were lost, in unnecessary shorts. Whether it was raining or windy, Tesla took off. The question is what's next ?! Well technically everything looks crystal clear, just news like today's about the stimulus, can shake the price for a few minutes more. But fundamental !? Well, it has 5 consecutive quarters on profit, ending the pandemic year with a 37% yoy increase in deliveries. And this in the year of the pandemic, I repeat, when we all stayed at home. Analysts see good reporting on Wednesday, and have a price target of $ 933. And basically the company looks good. But what we do to gentlemen is that everything that grows must decrease, that's how we know. Well, we'll see on Wednesday after closing. The thing is simple: it will be either a rocket or a submarine, but both nuclear, no doubt :)
NASDAQ:TSLA
by Viorex
Trading overextension of TSLA: Breakdown distribution channel 🧸Hi guys, here is my setup for shorting NASDAQ:TSLA for next week. As you can see NASDAQ:TSLA formed distribution channel where is traded several days.After inside bar at 19.1.2021 (on daily chart) bears defended level 861. Today, it seem there is the brakdown of distribution channel and beggining of markdown phase. There is data for my swingtrade: ------------------------Trade setup --------------------------- Entry: 831.70 Stop Loss: 846 Profit target: 762 Time stop: 5 days ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
NASDAQ:TSLAShort
by Tomasgei
21
TSLA Updated triangle - New OpportunitiesHey guys, the last triangle TSLA pulled, gave us a potential 2% unleveraged profit.(See related idea below) If you're short, this newly formed triangle could mean you should be careful. Taking into account the bad news of the callback for 158.000 Teslas, Michael Burry's mega short and on the other hand the relentless hype-fueled run to the upside, this is yet another great opportunity to get in wether you're a doubter or believer. If the triangle breaks decisively to the upside, thats where we go next. If the breakdown continues we should watch the lower channel to take some profit. As always with triangles, watchout for fakeouts , set your stops tight and prefer to re-enter your position over holding on to a loser- this next move could get big. No financial advice, just my personal opinion.
NASDAQ:TSLA
by MaPaC
The Tesla Bubble and why P/E Ratio's MatterTesla is high by any standard value or technical view. Here I use the PE ratio as compared to TSLA, AMZN, AAPL and GOOGL and a super stock I am going to call "Amagoogle" to demonstrate just how overdone I think Tesla is. To summarize, I will show: How relative P/E (Price to Earnings Ratio) compare. Growth stocks typically have very high PE ratio's , mature industries like utilities and consumer staples tend to be on the lower side. For a benchmark, the S&P 500 PE right now is 37.97 with it's all time high spike at 123.73 and it's low at 5.31. The average is 15.88. Telsa's is currently 1,637 ! www.multpl.com If Tesla had Alphabet's earnings but maintained it's current PE, it would have to trade at $84,708 PER SHARE If Tesla had Apple's very high PE, it would be trading at $45.50 per share. If Telsa had a double whammy of Alphabet's great EPS AND Apple's arguably very high PE, Tesla would be at $4,709 per share - but that would mean a growth in earnings of 103.58 TIMES. Book recommendation to help avoid these scenario's: read.amazon.ca Happy Trading! Rob
NASDAQ:TSLA
by rbarnesy
4
TSLA. Don't exit your longs just yet!TSLA has reached the target we set last week, but that's not all. There are many factors that suggest we should not exit our longs, at least not completely. But before I list those factors, let me first clarify that I'm talking about leveraged longs, not stock. If you own shares in Tesla, then I would not advise selling them, even if the stock price went down 50%. I'm talking about your trading position, not your long-term investment. Positive Indicators: Price gapping up for the past two days is a strong signal for bullish momentum. The shape of the last candle is bullish. The candle body is fully above the major resistance trend line in black. RSI still has more room to go up before it hits record high. Despite negative indicators which I will list below, TSLA is one of the safest stocks to hold when the whole market is red. Even though the entire market was struggling in the past two days, TSLA was going up very strongly, which suggests that if the market was doing well in general, we would've seen even more gains. This is a sign of strength and real demand. Negative Indicators: TD Sequential on the daily shows that the last candle is a green 9, which is a sign of reversal. The way to trade it is you take profit, and wait until you can identify the direction of the next momentum. However, historically, TSLA has not responded well to such reversal signals. On the weekly, TD Sequential shows the last candle as a green 8, which means there is one more week to the bullish momentum to go before it is exhausted. The problem is we can't tell whether the 9 candle will be green or red. Combined with the daily signal, the way it could play out is that we get a red weekly candle that completes the 9 count. We see general weakness in TVC:SPX and signs of the start of a bullish momentum in TVC:DXY . Now when DXY is going up, it means that the dollar is becoming more valuable, so people start cashing out of their positions, which affects the stock market negatively. However, like I said earlier, TSLA has proven to be one of the safest stocks to hold when fearing a market drop or correction. The last candle stopped at exactly the crossing of two Fib lines that I drew a long time ago. One is horizontal, and the other is descending. So I feel like there are too many resistance points there. The Trade: In my chart, I have a big black thick broadening wedge. I have a small ascending parallel channel that starts from Nov 2020 and has already been broken upwards. I have a descending Fibonacci retracement just above the last candle. This line has not been tested so we cannot be confident that it will resist the price. I'm assuming that it will resist it, together with the broadening wedge. I also assume that the top of the parallel channel can hold the price if it drops. I'm also assuming that the bottom will come after four daily candles. That is the typical correction time expected after a TD sell setup completes on a 9 candle. The correction could finish sooner of course. I picked my stop loss to be the bottom of the last full green candle. That is at $722.90, which also crosses the top of the parallel channel. A lower stop loss is at the bottom of the parallel channel and is below all the gaps. If gap-filling OCD is your thing. My target is the next descending Fib line, so it is around $1050. I've drawn two paths that are conservative, in my opinion, on where price might be heading based on my trend lines. Notice the similarity of this candle to Friday 10 July 2020. It was also a green 9. RSI was at a similar level. It was followed by a red candle, some sideways movement for a month, which calmed down the RSI, and then of course a new bullish momentum followed. The conclusion is that even though a small pullback is expected, it will be very hard to trade, very hard to call the bottom of the swing, and it's a much better option to hold your longs, or simply move your stop loss higher; because after all, TSLA might just do what it's been doing for the past year, ignore all the reversal signals and gap up!
NASDAQ:TSLALong
by TechNerdOmar
6
Bearish divergence on TESLAThere is a bearish divergence between the price and RSI (as well as Stochastic, not on the chart). MACD has been in overbought territory for quite sometime now. This doesn't mean the price has to go down but since there are a few indicators pointing to a move down as well as the fact the price is now at the top of the channel, I would not be surprised if TESLA revisited the lower line of the current channel, around $670-$690. I sold some shares for a huge profit at $700 and $716 (bought at $422). If the price retraces to the lower line of the channel I will add more to my position. My strategy for TESLA is to hold shares for the long term and take advantage of the big swings to trade a few shares and keep some profits in my pocket. ***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!*** ***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***
NASDAQ:TSLA
by Safe_Trades
8
TSLA continues upwards relentlessly. Short-term 12% rise coming.There is no doubt about the value of Tesla as a company. The proven value they provide is obvious: reducing EV manufacturing cost, making the best energy storage, launching self-driving, Tesla insurance, and more to come. However, regardless of fundamentals, this is a technical analysis that only considers the chart. That is generally my style. Today's green candle might not be huge, but it is a very strong signal of the bullish momentum to come. Yes, there is still bullish momentum in TSLA. This ascending triangle is getting broken to the upside. Taking the height of the triangle draws a target at $770, a 12% rise . Further is a higher target at $873 which I've set some time ago based on bigger scale trend analysis and Fibonacci which I might show later. The stop loss is at two points, depending on how reckless/conservative you are. The higher one is below the last swing low at $650. I don't see this one as a very convincing stop loss because price didn't linger there long enough to establish support. The lower stop loss is the support at $605 . This makes a 1:1 Risk-Reward trade; not very lucrative. However, it is a reason to hold on to your current longs. I see this as a strong signal of upward momentum and another reason to suggest $873 is achievable soon. Oh. You might wonder why my triangle is crooked. An ascending triangle is supposed to have its upper line horizontal. Well, that's simply my experience observing Tesla. Call it an inflation-adjusted triangle, or whatever reason is accelerating TSLA's upward moves and decelrating its corrections, but in any case, it is easily justifiable to look at TSLA chart skewed upwards.
NASDAQ:TSLALong
by TechNerdOmar
10