Tesla ........... bulls in control ???Observations : TIme Frame 2 - 3 weeks
CMP : 960.91
Every rise to 973 will be sold into
Below 953.6 target of 945.67 / 940.25 / 938.75 / 925.65
Any weakness below 920 will eventually lead to 888
Happy Trading....
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Teslashort
🤣 Yo! Elon! Whatchu Wanna Do? (TSLA)💰 LET'S GET INTO SOME TESLA ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
- Most of the market is bleeding currently. Zoning in on a 2 day chart for tesla entry.
- Look for the compression on the Crossover strategy and align the red ema dots for a long term play.
- No confirmation just yet.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
🤔 Compression Shows signs Of Potential Tesla Selloff. (TSLA)💰 LET'S GET INTO SOME TESLA ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🤷♂️ Neutral
- We are seeing 2 compression candles known as dojis relativity towards the top of previous Resistance. This is where we would like to look for distribution. We do not have 100% Crossover confirmation on the Crossover strategy. It's not a confirmed play just yet. Need a little more time.
- Only 1/3 ema dots are firing red as of now. This also does not show a trade confirmation.
- We are playing in a nice size range, if we get a Crossover and selloff we could play a short for up to 10% for a potential test on support. If we were to collapse and break old support, chances are that this break to the upside was just a fakeout.
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
💥 The Highs Are On High Alert! (TSLA)🤔 Just looked at amazon, facebook and now tesla all show correlation to testing the highs.
Look for it to play the red upward support and squeeze in the compression point. Break below look for a short back down. I think we are still evaluating if the breakout at 902 to the new highs is a fakeout or going to see if support can hold. You see that we did drop all the way back down but bounced right back up off that old major Resistance level.
The larger timeframe like the daily and 3 day are still green so I don't have that long term confirmation yet.
My main concern is how I'm seeing the Resistance levels across the board be tested right now.
Have an awesome trading day and weekend. ❤❤
🥇MLT | MAJOR LEAGUE TRADER
Tesla Searching For Support. (TSLA)🚨 Very critical price action move for the next big tesla play.
We did get our breakout to attempt to push up, but fakeouts can happen.
You're going to look for 926-930 to test for support. We are pretty much testing it now!
If this was a fakeout expect a big selloff. You can play aggressive here if you wanted to catch this as a level support only if the Crossover strategy plays and the ema dots line up for a curl back up. Otherwise for a longterm position you will want to look for 1024 to breach to shoot for a new bull trend.
Good luck! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
TSLA: Likely an $850 Short, then Retracing towards $1.2k+First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think Tesla is still a dip, but it is likely to be shortened even more. I believe the next buy target is at $850, and then you are looking at a possible retracement that can go all the way up to $1.2k by September. I feel like it is one of those wave cycle patterns that may happen w/ Tesla, and if correct, it would be a strategic profit turnover.
Told You Play $910 Level, Look What Happened. (TSLA)June 7th , we approached a very key level of $910 and I alerted you to play this edge on breakout. Now Tesla has printed around a %12 gain in just 3 days! 💰💰 Congratulations if you played it.
All indicators from the ema dots to the Crossover strategy candles showing strong green pressure.
Best of luck,
🥇MLT | PRO TRADERS
Fun Time Approaching For Tesla! (TSLA)I am highly interested on tesla as we approach an edge play at all time highs!
Followed by the massive market crash tesla has ran non stop on the larger timeframes to the current position of 885.66, that is a lot of rocket fuel! 👨🚀
BEAR SCENARIO:
What your going to want to look at on the daily timeframe is to watch for the Crossover strategy take place. We want to see the green candles compress for a red doji crossover for interest on a potential massive short position. Once we ge the cross confirmation the next step is to start to see the red candles cross over the green line that it has been trending above since the bottom. That is how we will spot the Resistance pressure.
We notice on the ema dots below we have one confirmation of red dots printing, we need to see them all line up and follow. Your strongest confirmation is when the candles and the ema dots align. That is the money shot. Like we say in say in our course we always use tight stip loss in case of a reversal! 1-3%
BULL SCENARIO:
We already have green candles in motion but the current Resistance level we are watching is 910.04.
As we approach this edge we want to look for a breakout to fire long. So if we can get price to break we will fire long and apply our stoploss and continue to track tesla based off the ema dots and the Crossover strategy. Our stoploss will become 1% on a break back low then to reverse to a short and play this level till we get pull on the new long term trend. (Tight risk management on breakouts) A breakout like this your going to see a pullback to test it to see if the highs are a new level of support or just a fakeout. If bull pressure can snap it and really kick in you should be solid. If it hesitates then you know something is up.
All time highs are a great spot to look for a very long term position. 910.04 is your money level. Play the strategy to the book. We will be using the daily and the 3 day charts for this one. Will stay updated on tesla as I scout it.
Best of luck, enjoy your sunday and have a blessed day! 😁❤✌😁❤✌
⬇️ Drop some comments and let us know what you think will happen next! ⬇️
🥇MLT | MAJOR LEAGUE TRADER
Tesla - SpaceX and Red rockets ?!Hello everyone,
Tip1:
Good fundamentals usually means bad technicals and sell the news event (price drop)
Feb 4th Ive made a Tesla sell off Warning post with tips about supportive zone where to buy
Now when SpaceX and all good fundamentals are floating in the game and after for stocks insane & tasty 100% Gains !! on TSLA in just 70 Days !
I thought it would be good to take a look at technical side of the price develompet and woila in the chart is what I see and expect.
I see price to start create a rising wedge with slightly bearish divergence formation on it ( blue lines) so keep tracking how will price develop in upcoming days to be reactive
because thats whats trading is about too.
Tip2: This could be possible long closing zone (you might just moove your stop loss to supportive zones too if you think it will go higher or in case of breakout) or
Possible good short opportunity anytimesoon
Chachain
Cheers
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
update-broken to the downside of the wedgeIf you have been following along we have been in a wedge for a few weeks. Today looks to have broken to the downside (NA price reduction...no one saw it coming :)), I expect more downside still. Good luck and remember this is only advice. Make your own trades.
What is Tesla Waiting for?A few days ago I mentioned that I exited my Tesla position. My reasoning was somewhat based on what I went over yesterday. That there was a historic divergence taking place within the markets. The second is based on how price looks. As a trader I have come to realize that price is king above all indicators. No matter how positive indicators may look, if price is showing signs of breaking down why risk it? Same goes to assets that look bullish at the lows. Remember, normally indicators are lagging price.
Currently, that is how I am feeling with Tesla. In fact as I write this, the indicators are beginning to catch up to my sentiment on Monday. Let's take a look at some Tesla, Inc. (TSLA) charts.
Once Upon a Time
Once upon a time TSLA was a leader off the March lows. If you check the chart below, you will notice that TSLA actually bottomed out before the Nasdaq-100 ETF QQQ did. I am comparing the charts to further put into perspective how divergent the Nasdaq-100 truly is even compared to the most talked about stock by the public. Perhaps there are too many people on one side of the trade?
Another way at looking at this chart is in relation to time and destination. The stock markets tend to move together on average. I say on average because stocks do not move together all at once. Some stocks peak before other do but that does not mean the index (the average) peaks. Tesla, may have peaked and other stocks are supporting the index make new highs.
On the chart above I compare the CMF and MACD. Both of which looked a lot better earlier this week. Both indicators are confirming my sentiment, slowly trending lower as price grinds sideways. Not shown here are the 10 EMA and 20 SMA. Both of which are still supporting price. Quite frankly, that is the only bullish thing about the TSLA chart. I have one more chart below to show how perhaps the market is getting closer to a top.
The S&P 500 ETF SPY chart above illustrates the divergence within the market. Note the declining CMF and divergence on MACD as price makes a new high. Bull strength is waning. For TSLA, unfortunately...$1000 may have to wait. Bias: Bearish .
Talk of S&P 500 inclusion
As you all are aware there has been talks of TSLA being including into the S&P 500. This would surely be quiet the accomplishment for Mr. Musk and company. Though, in order for inclusion TSLA needs to be profitable in Q2. If TSLA dips I'll be buying heading into next earnings season as there will be plenty of hype heading into it.
Until next time. Happy trading!
Tesla Bad Candle Patterns and Fibonacci Halfway Back Short Does Fibonacci Retracements work on stocks? Yes, TSLA is in a topping pattern. Bad Candles Patterns & it's holding a daily HWB 50% short. 12 hours at it's short and it can't break it. 745 Target. Last time Tesla couldn't hold break a short, Late Feb - Early March - Target of 532.68 hit after getting no further than the sell zone.
We will be opening right on top of short term supportIt bounced yesterday from this support yesterday (along with the market). Today the market looks ready to finally start trending with reality. Tesla breaks 769ish convincingly this morning low 700s are next. Trade carefully and as always these are my opinions and you should make your own trades! Good Luck!
Tesla Climbs The Highside. (TSLA)Symbol: TSLA
Massive size swings with the wild beast Tesla.
Late 2019 and 2020 have been a crazy ride from lows of $340 to the $905 range to only follow up with a drop to the mid 300s.
This one has the Volatility that you need as a trader. Awesome stock.
The breakout was around the $500 mark where the Crossover has been green since and with a fakeout to the downside 6 days ago.
As we approach and test these highs it's quite simple to understand that the 905.72 level is Resistance and we must break out. A break on 842.77 could be a nice breakout to play for a move up to the 905.72, than the test.
As we approach these levels we will pay close attention to the Crossover strategy for a signal of weakness to fire short.
If we fail to breach up, I than think a short to 672.64 for a test as support than a break down I think we go to 540.54.
Very high Volatility and lots of opportunity with tesla.
I will stay updated on this post for further tesla updates below.
Have an awesome trading week! ✌😁✌