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Teslatrading

TESLA: Can it reach $500?Tesla is overbought both on its 1D (RSI = 76.375, MACD = 28.880, ADX = 43.174) and 1W (RSI = 76.043) technical outlooks. This however isn't by any means a bearish sign, at least not on the long term. Tesla appears to be aiming for $500 in the immediate future and in our view even higher on the long term. The reason is the convincing 1W Golden Cross that is about to be formed and the last time we had such a clear Cross was on January 21st 2020. The stock was ona bullish breakout after a Channel Down correction. The breakout initiated a rally that was supported by the 1W MA50 all the way until the November 2021 Top on the 4.5 Fibonacci extension! Tesla's 2025 target shouldn't be $500 but instead the 2.0 Fibonacci extension at $640. As long as the 1W MA50 supports, we will stay long term bullish towards that target (TP = 640.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
3
TESLA: Hit the July 2023. Doesn't look it will stop before $400.Tesla is approaching the overbought state on its 1D technical outlook (RSI = 68.976, MACD = 8.690, ADX = 38.748) but the 1W chart still on healthy enough levels (RSI = 63.761) to keep fuelling the uptrend despite today's enormous +15% rise approximately. The reason is that the double testing and hold of the 1W MA50 in October kickstarted Phase 2 of the bullish wave of the 2 year Channel Up. That can keep rising until the 1W RSI is well overbought. The first bullish wave completed a +194.25% rise at the top of the Channel Up, so there is no reason to expect otherwise on the current wave also. That is our long term target (TP = $400). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
1
TESLA: Building up the next bullish wave to $300.Tesla is in the upper levels of neutrality on the 1D technical outlook (RSI = 54.149, MACD = -1.520, ADX = 23.400) as it remains marginally under the 1D MA50, but a crossing over it should restore the buying sentiment. Long term the stock is inside a Channel Up that is technically in the build up of the next bullish wave after the HL on August 5th, also backed by the 1D Golden Cross of July 29th. We anticipate the new rally to cross above both R1 and R2 and target R3 (TP = 300.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
Tesla 4 hour- Daily are we correcting up if so how high ? Good afternoon traders Currently basing on my thesis I see a correction of some sort how high this correction will go I am unsure however we do have some levels in place that will allows to understand where this market can go to. Currently right now lets see how the market opens and see which levels hold which levels break. Watch the video and let me know if you like it, hate it or want me to create more videos on how I trade and why in more specific detail. Happy trading everyone MB Trader
NASDAQ:TSLALong
by Mindbloome-Trading
9
Tesla Four Trend Analysis ? So right now we need more clarity and more data to determine will this market correct more up and will this level it is holding on hold and back down via where the red line is. Personally my thesis is 3 scenarios: Scenario 1:We hold on this pitchfork line and book it down. Scenario 2: We correct up to the 50% Fib and more pitchfork resistance at the 218 level then head back down Scenario 3: The market disregards all two scenarios and we punch up which then makes us revaluate our thesis's for the daily trend possibly Weekly and Monthly Let's see what the market does tomorrow and then we update our thesis from there What are your thoughts on this analysis ? Do you find it helpful? MB Trader
NASDAQ:TSLA
by Mindbloome-Trading
TESLA: Oversold. Can the price cuts stop the bleeding?Tesla announced aggressive price cuts globally on their main model lines as well as its FSD and is reported that a 20% headcount reduction is pushed. Further decline on today's opening has pushed the 1W technical outlook to the brink of oversold territory (RSI = 32.105, MACD = -19.430, ADX = 47.504) and bottom of Channel Down that started last July. So can these brave measures to a dismal Q1 delivery report counter the declining global demand and price competition from Chinese EV producers and restore the stock price to where it was earlier this year? Well one thing's for sure, TSLA has been in this situation before. The growth pattern from 2019 to today is very much like the one from 2012 to 2017. Both started with immense parabolic growth that peaked and declined towards the 0.382 Fibonacci and rallied again after forming a bottom. We are now at the stage where Tesla founf support in late 2016 near the 0.786 Fib of the corrective wave. The 1W RSI patterns are similar as well. As long as the 0.786 Fib holds we expect at least $500 by mid 2025. It is very likely that tomorrow's earnings report coupled with the price cuts will be the fundamental base that the company needs to restore investing appetite back. On the long term this appears to be a worthwhile low risk entry for the undisputable leader of the EV market. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
TESLA: Bottom is being priced. $470 end of year possible.Tesla is bearish on all long term timeframes 1D, 1W and 1M. The lowest RSI is on the 1W technical outlook (RSI = 37.118, MACD = -15.730, ADX = 32.394), which is the chart we focus today on. The stock has been inside a Channel Down since the July 2023 High, which was Lower High on the LH trendline that started on the ATH. We have spotted a striking resemblance of that pattern with 2014-2016. That pattern found support after the LH rejection on the 0.618 Fibonacci level and then rebounded aggressively to a new ATH on the 1.382 Fibonacci extension level from the pattern's Low. That rise was slightly greater than the last LH (+116.98% agains 91.32%). Tesla is on today's pattern very close to the 0.618 Fibonacci level, so we see it as a unique long term technical buy opportunity despite the recent negative fundamentals, which are being priced in since the start of the year. If you don't want to target as high as the 1.382 Fibonacci extension, take a more 'modest' approach and go for the analogous +195.79% rise, same as the last LH rally (TP = $470.00). Unique long term buy opportunity indeed to buy the industry leader. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
TESLA: Bottomed and has huge upside potential.Tesla got almost oversold technically on the 1D timeframe (RSI = 36.047, MACD = -6.760, ADX = 34.229) as it made a new 10 month Low trading under both the 1D MA50 and MA200. The 1D CCI though is reversing, being traded inside a Channel Down. The previous two times this pattern emerged, Tesla formed a bottom. In November-December 2023 , the price rallied by +35.91% and in May-July 2023, by +97.38%. This gives us a buy opportunity with a huge upside potential, a short term target (TP = 235.50) and long term (TP = 340.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
2
TESLA: New long term uptrend starting. $600 end of year possibleTesla has turned oversold on its 1D technical outlook (RSI = 27.952, MACD = -6.270, ADX = 56.430) and crossed under the 1W MA200 for the first time since October 30th. Even though further decline up until the Fed Meeting (January 31st) is possible, on a wider perspective, this is a long term buy opportunity in disguise. Why? Because the stock's Channel Down since July is repeating the same pattern of April-November 2016, which was eventually a Bullish Flag. The chart speaks for itself, they both started very low but grew exponentially on a parabolic curve, which after topping, it pulled back to the 1W MA200. After the Bullish Flag, Tesla hit the -0.118 Fibonacci extension seven months later. The 1W RSI patterns are equally identical. It is therefore more than realistic to expect a test of the new -0.118 Fibonacci level by the end of the year (TP = 600.00). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
1
TESLA: Trading plan.TSLA has turned neutral on the 1D technical outlook (RSI = 46.287, MACD = 3.350, ADX = 20.984) as it dropped to its 1D MA50. On the short term the most optimal buy entry is at the bottom of the Channel Up (TP = 279.00). If it breaks, we will sell towards the S1 level (TP = 206.15). The next long term buy (again to target 279.00), will be when the 1D RSI forms HL (as in the last two bottoms). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
1
TESLA: 'Final boss' Resistance test.TSLA was rejected on the November 29th test on the LH trendline of July's High but upon the pullback it held the 4H MA50 and reversed. Contrary to the previous LH rejections (Oct 11th, Sep 15th), the stock is being given the chance to make another test on a very short time. Being still bullish on the 1D technical outlook (RSI = 57.232, MACD = 1.890, ADX = 23.357) suggests that if the 4H MA50 remains intact, Tesla can finally cross over this five month Resistance trendline and start a new rally. The longer the price stays this high, the more quicker a 4H Golden Cross will be formed, which is will be a bullish signal validation. Last 4H Golden Cross was registered on June 5th, almost halfway through the three month rally. In any case, it the LH of July successfully breaks, we expect the established Channel Up pattern from the October 31st bottom to make another +20% rally to the R1 level (TP = 278.00). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
TESLA: Has seen this pattern before and can target $800.TSLA is on critical crossroads as it is approaching the LH trendline of the November 1st 2021 All Time High and that will basically be the third test in a little over 4 months. With the 1W technical outlook neutral (RSI = 53.560, MACD = 5.620, ADX = 26.050) we can't be sure it will break but if it does, a fractal from the distant past (2015-2017) shows that it can target the 1.5 Fibonacci extension. That is just over $800 and that will be our target once we close a full 1W candle above the LH. Even the 1W RSI patterns of the two fractals are similar. A third, not entirely similar fractal in 2019, also broke upwards (even more so) aggressively once the stock crossed over the LH trendline. Heading into 2024 our thesis is very bullish on Tesla. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
1
TESLA: Should HSBC's $146 target price scare the market?On first impression it is obvious that this reduced rating of Tesla shares by HSBC, did scare the market as the price is falling more than -6% intra day. The 1D technical outlook is now bearish (RSI = 37.472, MACD = -7.750, ADX = 34.942) with the price dropping below the 1D MA200, despite having it hold the last 4 sessions. Perhaps the most dangerous development is the rejection of the RSI on the LH trendline of June. That is also evident on the 4H timeframe, the same LH trendline is present and just rejected the RSI. On the bright side though, the 4H timeframe shows that the current pattern is an Inverse Head and Shoulders similar to the bottom patterns of August, April and January. All those patterns former the RS (Right Shoulder) under the 4H MA50 but over, even slightly, the 0.5 Fibonacci level. Now the price is slightly under it. If it closes there, consider it a bearish sign for the short term. On the long term, the key is where the 1W candle will close. With the 1W MA50 and MA200 on top of each other, the last two weekly candles closed over them, which hints towards a bottom formation. If the week closes again above them, consider it a bullish sign. If below, then HSBC's target may soon become a reality as selling order will pile up. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
2
TESLA Should the battery production drop scare you?Tesla dropped more than -5% intraday as Panasonic, a crucial supplier, revealed a reduction in automotive battery production during the September quarter. The announcement comes amidst growing concerns over a worldwide deceleration in EV sales. The fundamentals are obviously the opposite of ideal but the stock finds itself in a peculiar technical position that contradicts this fear across the market. The technical outlook on the 1D timeframe is oversold (RSI = 25.208, MACD = -13.090, ADX = 45.344) while the price came only $4 away from the bottom of the Channel Down pattern. The oversold 1D RSI makes these low levels an even stronger buy opportunity as the other two times it reaches such low levels this year, it rebounded immediately. Consequently, we believe that the negative fundamentals are already priced in on October's fall and the Channel bottom buy opportunity is too good to ignore. Buy and target the 0.786 Fibonacci level (TP = 250.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
Dont Bet Against Tesla while Bullish Strength ExistsHi guys. This is a Technical Analysis on Tesla (TSLA) on the 3 Day chart. BRUH.......I was aspecting prices to be around the FIB retracement levels i pointed out in my previous ideas (200-220 range) a little longer. Though its still possible we can retrace back down from this current area. BUT Some bullish signs exist, therefore in my opinion we are Bullish until Proven Otherwise. Jumping in, our current move is fueled by our Major bounce from a Critical Confluence of Supports. We have the RED ZONE We have the Black trendline We have the 50 SMA We are also ABOVE the 21 EMA, which when support is Confirmed it indicated UPTRENDS. As long as we respect the 21 EMA and stay above it. Volume is picking up as well. WHich is also indicative of the current move. To break ABOVE resistance lines, we need to continue to see VOLUME increase. MACD is also showing signs of waning Bearish Momentum, with Light Red histobar prints and flattening of the Blue line. We need to avoid printing a Dark Red Bar. Instead see print of Green bars with a Bullish Cross. RSI is also getting close to testing the Black moving average i have added. The way i use this is: Usually if RSI is ABOVE the Moving AVerage, it signifies UPtrends. But do note: This current candle closes on the 8th of September. And note that we are hitting some Major Resistance Area. There is always a risk of sell off. BUt as long as we continue the current trends in volume, stay above the moving averages, and maintain patterns in indicators Uptrend will continue. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on TSLA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:TSLALong
by SafofAllTrades
10
TESLA Over the 4H MA50 again. Hyper leg rally is starting.Tesla closed over the 4H MA50 again, a strong display of bullish momentum, turning the 1D technical outlook marginally bullish again (RSI = 55.241, MACD = -0.880, ADX = 30.931). The 4H MACD formed a Bullish Cross, same as April 28th that was a bottom on the Channel Up pattern. We stick to our long term TP = 325.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
2
TESLA: Is it still a buy after today's fall?Tesla is having an approximatelly -7% decline at the time of this analysis, the strongest we've seen since the April bottom. This was enough to turn the 1D timeframe neutral in an instant (RSI = 54.820, MACD = 15.050, ADX = 39.955). The question is obviously, is the stock still a buy? Yes but as close to the 1D MA50 as possible. This is a 1W chart, so the 1D MA50 is portrayed in green. The fractal is basically the same as November 2019. And the price action that led to it starting in 2018, is almost the same as the 2022 Bear Market for Tesla. In November 2019 the stock made the second (and last) small correction before skyrocketing on a multi-week rally. With the price already past a 1D MA50-1W MA50 Cross, we are going long on the first green 1W candle near the 1D MA50 and will target the All Time High (TP = 415.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
12