Dell Technologies boosts outlook with Tesla partnershipDell Technologies Inc. has seen a significant uptick in its market valuation following an upgrade by Evercore ISI, which raised its target price for Dell shares from 140 USD to 165 USD. This positive re-evaluation stems from Tesla’s decision to source most of its artificial intelligence server capacity from Dell Technologies. This partnership positions Dell advantageously within the rapidly growing AI sector, which is expected to expand as AI tools become increasingly integral to various industries.
Through its collaboration with Tesla, a leader in the electric vehicle industry, Dell not only penetrates the competitive AI technology market but also sets a precedent that could attract additional partnerships with other automakers.
Given this backdrop, let’s examine the potential trading opportunities for Dell Technologies Inc. (NYSE: DELL):
On the Daily (D1) timeframe, Dell’s stock has recently surpassed the resistance level at 150.30 USD, establishing support at 145.00 USD. The stock is in a stable uptrend, indicating the possibility of reaching new price highs. If there is a trend reversal, a potential downside target could be 130.05 USD.
The continuation of the uptrend offers a short-term target of 165.00 USD upon a rebound from the existing resistance. For a medium-term investment strategy, the stock price might ascend to 170.00 USD if the positive momentum is sustained.
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Tesla Motors (TSLA)
Members Daily Analysis - May 22 2024Markets Sold off: IWM (Small caps) underperformed.
Most commodities hit on the downside: Gold, Silver, Copper, Oil
Natural Gas surging & squeezing
NVDA pumping on earnings: Our SOXL calls will print.
SemiConductors i'll be trading tomorrow. NASDAQ:ON , NASDAQ:SMCI , NASDAQ:ARM
TESLA My Opinion! SELL!
My dear followers,
This is my opinion on the TESLA next move:
The asset is approaching an important pivot point 177.57
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 174.77
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Tesla's kangaroo still hopping. 20/May/24TSLA kangaroo still boxing/ hopping inside the ring (triangle) since end of 2021. Strong support if there was a pullback toward 186 +/-. Which is confluence zone of 1) POC of Volume Profile (red horizontal line) 2) 233 weekly EMA (white MA Line) 3) Pitchfork lower channel (blue).
TSLA LONG - May 24 (MATREND v1.6)v1.6
Calibrated entry specs, to slightly loosen up the Stoploss
atr_x = 2.5
entry_atr_xfactor = 3.7
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This is a simple systematic Trend strategy where entry is based on two conditions
1. Price crossing over the EMA
2. The present ATR is less than an ATR multiple
The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback
Risk
Fixed & tight SL based on ATR multiples closes trades fast
Closing of the trades is a simple price cross over the daily SMA
This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.
LCID's vwap bounced after pullback LONGLCID trended up 40% from late June and then over 2-3 days completed a standard
Fib 0.5 retracement before bouncing off a longterm anchored mean VWAP and
reversing. The reversal is supported by the two time frame RSI indicator showing
the lower TF RSI crossing above the higher TF RSI and both of them approaching
the 50 level. The zero lag MACD shows the lines crossed under the histogram and
are now approaching the horizontal zero line. The relative rigor indicator shows
a line cross while the values were negative and now approach to the horizontal
zero line in parallel. Overall I conclude that LCID is set up for a long entry.
LCID Long Trade Setup VWAP and Falling Wedge BreakoutsLCID on a 30 minute chart showed a falling wedge from mid-December to late January then with
breakout which took it 30% in one and a half days. This was a previous idea. I believe the news
catalyst from Saudi Arabia prompted a burst of trader interest. The following day, the price
began another falling wedge pattern for one week. It then broke out for a 10 % move in a short
time interval.
The chart also demonstrates the bigger moves are centered around VWAP band lines where
trading volume and volatility are the greatest. The relative volume and volatility indicators
help emphasize this point.
At this point, LCID may be turning down into another albeit smaller and lower-duration
falling wedge and is well positioned for a brief short trade. The target would be the
mean anchored VWAP at 3.25. For a better entry selection, a zoom into 3-10 minutes would
be helpful
TESLA Massive Long! BUY!
My dear friends,
Please, find my technical outlook for TESLA below:
The price is coiling around a solid key level - 168.47
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 177.77
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Tesla Set to Cut 601 More Jobs in CaliforniaTesla ( NASDAQ:TSLA ) has announced plans to lay off an additional 601 employees in California, following a series of global job cuts initiated by CEO Elon Musk. The move follows a previous announcement that the company would lay off over 10% of its global workforce, which reached over 140,000 in late 2023. The latest layoff plan will affect employees at Tesla's facilities in Palo Alto and Fremont, California, starting on June 20, 2024.
Last month, Tesla ( NASDAQ:TSLA ) laid off 6,020 people in California and Texas as part of the headcount cuts. The global job reductions also included 285 employees at its Buffalo, New York facilities that house the labeling team for its Autopilot driver assistance software and fast-charging equipment.
Baidu, the general manager of Baidu's autonomous driving vehicle unit, has announced that it may collaborate with Tesla on self-driving Robotaxi production in China. If the collaboration proceeds, it will mark a significant advancement for Baidu's autonomous driving vehicle initiative. Baidu has projected that Apollo Go will break even by Q4 2024 and begin generating profit in 2025.
The idea of a bull marketEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
Tessy for the Win ($TSLA)Need above 176 to confirm move up. Looks to potentially be in a 5 wave move up.
If we reject 176 to 180 expect lower to come
if not this is upside just about
Looks to be in five wave like apple
Sub waves so within next few weeks to week
If not though probably lower than last low coming for sure. We need to break trend
Update as we go
www.tradingview.com
Tesla - Clear flag formation!Hello Traders and Investors, today I will take a look at Tesla .
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Explanation of my video analysis:
After the triangle breakout and the bullish break and retest on Tesla stock back in 2020, we saw a significant rally of 1.500% towards the upside. For 3 years Tesla has now been trading in a decent bullish flag formation and just broke an important support area towards the downside. However at the moment Tesla is literally in no man's land so it is better to wait for the next retest of structure.
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Keep your long term vision,
Philip (BasicTrading)
Tesla $TSLA #TSLA #TSLT $TSLTMy plan for Tesla over the next few sessions of ideas.
Its rather clear what I'm looking for here.
I'll use NASDAQ:TSLT (leverage) to average out the larger DCA issues should it start to get away from me while using regular NASDAQ:TSLA for the main idea.
I like doing this so that it is a lot easier IMO to catch back up with the in between moves as well as have a secondary way to TP while still holding the larger position for the bigger move etc.
Profits from one can be rotated into the other making it not only your hedge but also a bit of a self sustaining play.
Should we get some sort of flash crash I'll happily take that as an opportunity to build a larger long-term play in the $75-$125 ranges.
Once they get passed this next cycle of manipulation and back to the ones who control the media and analysts pushing it we will see it blow through most of these levels with ease and back to $200+
Once we get some news one of these months/years about bigger companies buying the A.I. tech etc. we will have a whole other narrative besides selling cars and hype.
Should You Short Tesla? A Look at China's Potential RisksShould You Short Tesla? A Look at China's Market Rebound and Potential Risks
Tesla (TSLA) stock has been on a downward spiral in 2024, and some investors are considering shorting the stock. This strategy involves borrowing shares, selling them at a high price, hoping the price falls, and then repurchasing them at a lower price to return to the lender. While China's electric vehicle (EV) market rebound and competition from local players present challenges for Tesla, shorting the stock comes with significant risks.
China's EV Market Rebound: A Double-Edged Sword
China, the world's largest EV market, experienced a slow start in 2024 due to various factors, including supply chain disruptions and COVID-19 lockdowns. However, recent reports indicate a significant rebound in April. This is good news for the overall EV industry, but it's a mixed bag for Tesla.
Tesla's China Woes:
• Sales Slump: While Chinese EV makers like BYD and NIO reported strong sales growth in April, Tesla's sales in China dropped significantly compared to the previous month. This could be due to a combination of factors:
o Increased Competition: Chinese manufacturers are offering a wider range of EVs at competitive price points, catering to local preferences.
o Brand Perception: Recent quality control issues and negative publicity might be impacting consumer trust in Tesla.
Headwinds for Tesla:
Beyond China, there are other concerns for Tesla:
• Job Cuts and Demand Concerns: Tesla's recent job cuts fueled speculation about weakening global demand, potentially leading to production slowdowns.
• Macroeconomic Factors: Rising interest rates and inflation could dampen consumer spending on high-priced EVs.
• Increased Competition: Legacy automakers are aggressively entering the EV market with advanced technology and established production capabilities.
The Case Against Shorting Tesla
Despite these challenges, shorting Tesla comes with inherent risks:
• Short Squeeze: If Tesla's stock price unexpectedly rises, short sellers face significant losses as they scramble to repurchase shares at a higher price. Tesla has a large and passionate fanbase who might jump in to buy the dip, further squeezing short positions.
• Elon Musk Factor: Tesla CEO Elon Musk is known for his unpredictable actions and ability to rally investor sentiment. A positive announcement or innovation could trigger a sharp stock price increase, catching short sellers off guard.
• Long-Term Potential: Tesla remains a leader in EV technology and innovation. The company continues to invest in R&D and expand its production capacity, potentially positioning itself for future growth.
Alternative Strategies
Instead of shorting Tesla, investors might consider these options:
• Put Options: Put options allow investors to profit if the stock price falls. This strategy offers limited downside risk compared to shorting.
• Investing in Competitors: Investors could look at Chinese EV companies that are gaining market share, potentially benefiting from the rebounding market.
• Hedging: Combining long positions in Tesla with short positions in other EV stocks can create a more balanced portfolio.
Conclusion
TSLA LONG - May 24 (MATREND v1.5)This is a simple systematic Trend strategy where entry is based on two conditions
1. Price crossing over the EMA
2. The present ATR is less than an ATR multiple
The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback
Risk
Fixed & tight SL based on ATR multiples closes trades fast
Closing of the trades is a simple price cross over the daily SMA
This strategy only has a 34.87% win rate. So most trades will end up as losers until we hit a strong upswing.
TSLA PatternTesla's breakout signals a significant shift in price direction. If the breakout is upwards, it suggests bullish momentum, possibly driven by positive news or strong fundamentals. Conversely, a downward breakout might reflect concerns or negative sentiment. Traders watch for confirmation through volume and sustained movement, taking positions accordingly. However, breakout trading carries risks, so caution and risk management are essential.