Prediction to Earnings on TSLA (Closing gap slowly, then retest)TSLA is being tossed aside as all attention goes to NVDA and semiconductors. TSLA has been experiencing slow growth relative to the S and P. These are my thoughts on TSLA price action up to earnings in mid April. This is a prediction that is longer in time frame compared to my usual predictions, so take with a massive grain of salt. I'll update as more information comes up near earnings.
We see a channel formed starting from the previous earnings. With it's current growth speed, I expect filling the gap early March to the $210 range. I believe attention will continue into semiconductors, and bring TSLA along with them to this point. Since we hit new ATHs with the S and P and NVDA recently, this seems like a good estimate as to when we will see a market correction. Momentum into the S and P seems that it will carry it for a few weeks. The TSLA options market seems to align with this, since we have P/C ratios between 0.5 through 0.75.
After this upward leg, I expect investors to brace for earnings in mid-late March, early April. With no new exciting news coming from the EV space, I think investors will expect a similar results to the previous earnings report. This is where we may begin seeing price action back towards previous lows, potentially retesting $185 to $190 prior to earnings.
Post earnings: It's easy to think we will have a similar result as the previous quarter, since we don't have news, but the EV sector is looking to slash jobs and cut costs. This may help TSLA keep a larger margin that may potentially be lost by Tesla car price cuts. With more information leading up to earnings we may be able to refine this.
As always, significant market news can change things to unpredictable places, so I'll be keeping an eye out and updating.
Tesla Motors (TSLA)
TSLATsla share repumped today to retest the broken upper trend
There are a lot of movement expectations :
1- The Price close above the Key LVL 205.30 then we can find the prices go up again to try to rebuild new wave (not expected by myself)
2- The price is retesting the upper trend showing at the drawing, so later on we will see push of selling the share and this is my expectation.
if the price go down i preferer to invest on it with the suggested percentages
Thanks and Best regards
TSLA Long Monday intraday movementThis is my predicted price action for Monday 4/29. I will update the trades I take as the day goes on, obviously if price action moves against me completely I will have to change my strategy. This may include me not taking a trade on NASDAQ:TSLA at all for the day. To make this price prediction I only used VWAP and Volume Profile
Tesla Surges as China Clears Path for Self-Driving TechnologyIn a dramatic leap forward for Tesla ( NASDAQ:TSLA ), the electric car giant witnessed a staggering 12% surge in its share price following a pivotal breakthrough in China. The monumental milestone revolves around the green light received by Tesla to roll out its full self-driving (FSD) technology in the world's largest electric vehicle market.
The buzz surrounding Tesla ( NASDAQ:TSLA ) intensified after CEO Elon Musk's visit to China culminated in the removal of restrictions imposed on Tesla cars, paving the way for the deployment of FSD. This development, coupled with China's stringent data security requirements being met, sparked a flurry of investor optimism.
For years, Tesla ( NASDAQ:TSLA ) has tantalized Chinese consumers with its FSD technology, albeit with limited functionality primarily revolving around automated lane changing. However, with the shackles of data security concerns gradually loosening, Tesla enthusiasts in China can anticipate a broader array of features synonymous with FSD.
The significance of this regulatory breakthrough cannot be overstated, especially considering China's pivotal role as Tesla's largest market. Despite Tesla's popularity in China, concerns over data security have cast a shadow over its operations, with reports emerging of bans on Tesla vehicles in certain government-related properties.
The Biden administration's probe into potential national security risks posed by imported Chinese cars further underscored the urgency for Tesla ( NASDAQ:TSLA ) to address data security concerns. The removal of restrictions represents a significant step towards assuaging these apprehensions and bolstering Tesla's foothold in the Chinese market.
A potential partnership with Baidu, one of China's tech giants, could further bolster Tesla's foray into the Chinese market. Reports suggest that Tesla may gain access to Baidu's mapping and navigation technology, essential components for the seamless operation of FSD in China's complex urban landscape.
This breakthrough not only signifies Tesla's resilience amidst fierce competition but also underscores its commitment to innovation and regulatory compliance. As local rivals such as BYD, Nio, and XPeng intensify their efforts to challenge Tesla's dominance, securing regulatory approval for FSD in China emerges as a pivotal win for the electric car pioneer.
With Tesla's share ( NASDAQ:TSLA ) price experiencing a notable uptick following the regulatory breakthrough, the company is poised to capitalize on its momentum and solidify its position in the fiercely competitive Chinese electric vehicle market. As Tesla ( NASDAQ:TSLA ) rises from its recent lows, the stage is set for a new chapter in the company's journey toward revolutionizing transportation on a global scale.
Bank of America recommends buying Tesla shares. Idea 29/04/24Bank of America has recently upgraded its rating on Tesla Inc. from 'Neutral' to 'Buy', highlighting a promising outlook for the electric vehicle giant. Analysts point to several growth drivers, including shorter timelines for launching new models, significant investments in artificial intelligence, and expanding autonomous driving technologies.
Tesla's CEO Elon Musk's recent visit to China also plays a crucial role in this positive shift. During his trip, Musk discussed the deployment of Tesla's fully autonomous driving (FSD) software and data transfer regulations with Chinese officials. Chinese state media notably reported Musk's meeting with Premier Li Qian in Beijing as a testament to the robust economic and trade cooperation between the US and China, further cementing Tesla's foothold in the Chinese market.
Given these developments, let's review the technical analysis of Tesla Inc. (NASDAQ: TSLA) for potential trading opportunities:
On the Daily (D1) timeframe, Tesla's stock demonstrates resistance at 175.90 USD and support at 138.80 USD. Last Wednesday's notable surge of 14.54% marked the most substantial one-day gain in three years, suggesting the possible onset of an uptrend. However, if the price resumes its previous downward trajectory, a target level of 111.05 USD could be expected.
For traders, breaching the resistance at 175.90 USD could offer an attractive buying opportunity, with a short-term target of 205.60 USD. In a medium-term perspective, holding a long position with a target of up to 233.80 USD may be advisable.
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TESLA Has Elon made his miracle again? 4 month Resistance brokenNews quickly broke out that Tesla (TSLA) has received tentative approval from Beijing to launch its driver assistance software in China. This development occurred during a surprise visit by CEO Elon Musk to Tesla's largest market outside the US. Chinese authorities have agreed to allow Tesla to introduce its Full Self Driving (FSD) solution, leveraging mapping and navigation technology from Baidu (BIDU), the Chinese tech giant. This has so far pushed Tesla's shares more than +7.00% premarket.
Just 2 weeks ago (April 15, see chart below), while TSLA's price was at $166, we made a case why a potential 1D MA50 (blue trend-line) bullish break-out after laying off more than 10% of its staff, could be its 'META moment', just like the social media giant did in November 2022 and bottomed:
Of course each case has its differences but as we can see, Tesla did make a similar bottom on April 22 and will most likely open above the 1D MA50 today for the first time in almost 4 months (since January 08 2024)!
That is a major bullish break-out for at least the medium-term as each time the stock did that in 2023, it didn't stop there and rather went for a Lower High on the dotted trend-line. Technically it should make contact with as least the 1D MA200 (orange trend-line), in order to allow the market given the fundamentals at the time to decide upon the longer term trend.
As you can see, there is a huge Bullish Divergence on the 1D RSI, which has been trading within a Channel Up against the price's Channel Down since late January. As a result we set a minimum $210.00 Target on a 6-week horizon and then we will re-evaluate the longer term on the 1W time-frame.
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TSLA bullish reversal partial confirmationTSLA reaching 180 today pre-market is confirmation of bullish reversal after testing 140 support
the confirmation will only come after TSLA breaks 240 strong bear trend channel resistance . only then it will confirm a complete breakout but still pre-cauations must be taken as TESLA did a fake breakout last time.
for short term gains
Tsla entry at 183
TP @ 230
Tp2 @ 240
SL @ 160
TSLA ON A DEMAND ZONETSLA is clearly playing inside a bearish channel and we have witnessed a bullish reversal recently on the demand zone identified. If this level remains strong enough, we will see a potential continuation of the rally. Also on the lower timeframes, we see a bearish channel which indicates a bullish breakout.
TSLA Bullish Piercing candle at support TSLA support and resistant price structures formed at every 50$ range
Finally it hit 150 support zone !
This week open gap down but ended strong rebounce forming Bullish Piercing reversal candle with VOLUME at 150 Support and Trendline Support.
Weekly Chart - Long Term
Generally still downtrend (Red MA Rainbow) and Bearish (Candle below Moving Average)
FiFT still -ve indicating Bear still dominant
MCDX 69% with selling volume vs Buying volume with just 9%
Daily Chart
Generally still downtrend (Red MA Rainbow) and Bearish (Candle below Moving Average)
However, there's sign of reversal spotted.
Bullish Divergence - Price lower low but FiFT Higher low, MCDX Selling volume capped at 50%
Morning Star Reversal candle with FiFT turning +ve on daily chart.
MCDX Buying become active with 36% vs 31% selling volume.
Summary
Generally still downtrend and bearish. No buy signal yet BUT there's sign of reversal (Bullish Piecing and Morning Star) happen at right place (150 and Trendline Support)
Risk buy at support for short trade or
Monitor for price break and close above 180-185 zone for further buy opportunity.
TSLA should be able to move higher if MCDX Institution volume manage to break above 10% on DAILY and WEEKLY chart .
TESLA Set To Grow! BUY!
My dear subscribers,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 147.01 pivot level.
Bias -Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 155.99
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GOEV -Canoo reverses while TSLA slumps into earnings LONGGOEV was in the $ 4.50 to $5.50 range 1-2 months ago and on the 60 minute chart appears to
be in a round bottom or doble bottom reversal concurrently with TSLA continuing to fall on
the expectation of an earnings miss. GOEV's last earnings was a beat. It burned about half the
cash that the analysts forecasted. The relative trend index indicator suggests a trend up is
developing. A red flag is that volume is at or below the running mean. My plan is to watch
GOEV for a rise in trading volumes before entertaining a long trade here. The Price Volume
product Trend is helpful in that regard. While it currently has a positive slope it is minimal.
I will watch for something a bit steeper. I am expecting the Price Momentum Oscillator will
soon cross the horizontal zero and provide another entry signal.
TESLA $TSLA | TESLA MOMENTUM AFTER EARNINGS - Apr. 24th, 2024TESLA NASDAQ:TSLA | TESLA MOMENTUM AFTER EARNINGS - Apr. 24th, 2024
BUY/LONG ZONE (GREEN): $165.00 - $181.00
DO NOT TRADE/DNT ZONE (WHITE): $160.00 - $165.00
SELL/SHORT ZONE (RED): $141.25 - $160.00
Weekly: Bearish
Daily: Bearish
4H/2H: DNT, lean bullish
NASDAQ:TSLA earnings report yesterday had price move around 16% to the upside. Currently price has pulled back to around only a 10% gain. I tightened the new DNT zone so bears and bulls can have early entries in their respective directions. Bulls should be looking for a close above 165.00 and bears should be looking for a close below 160.00.
I did not label every level of importance because I didn't want to make the charts too messy and I used the 2H timeframe today instead of the 4H because I wanted to show the extra price action.
Linked below are the two previous ideas from this year!
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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Tesla Stock ($TSLA) Up 13% Despite Earnings MissedIn a surprising turn of events, Tesla ( NASDAQ:TSLA ) has defied market expectations, with its stock soaring over 13% despite falling short of analysts' projections for its first-quarter earnings. While the electric vehicle (EV) giant reported weaker-than-expected revenue and earnings per share (EPS), investors remain bullish, largely due to CEO Elon Musk's ambitious plans for the company's future.
Tesla's Q1 earnings report revealed revenue of $21.3 billion and EPS of 45 cents, marking declines compared to the same period last year. Analysts had anticipated revenue of $22.2 billion and EPS of 51 cents, according to CNBC. The decline was attributed to lower average selling prices of vehicles and a decrease in vehicle deliveries.
However, what captured investors' attention were Musk's remarks during Tesla's conference call. Musk unveiled plans to expedite the launch of new, more affordable vehicle models, leveraging both next-generation and current platforms. This move aims to diversify Tesla's product lineup and cater to a broader market segment.
Even more compelling was Musk's announcement regarding Tesla's foray into the autonomous taxi market with the Cybercab service. Described as a fusion of Airbnb and Uber, Cybercab will feature a fleet of Tesla-owned vehicles supplemented by privately-owned cars. Users can opt to share their vehicles with others, earning income when not in use, akin to Airbnb rentals.
The Cybercab service represents a paradigm shift in transportation, offering convenient and cost-effective mobility solutions while tapping into the burgeoning sharing economy. Musk's vision has resonated strongly with investors, as evidenced by the surge in Tesla's stock price following the announcement.
Analysts are particularly optimistic about the potential of the Cybercab service, with many revising their price targets upwards. Notably, Ark Invest has set an ambitious $2,000 price target for Tesla stock, citing the expansion of the robotaxi fleet as a key driver of future growth.
Despite the initial setback in Q1 earnings, Tesla's long-term outlook appears robust, fueled by innovation and strategic expansion into new markets. Musk's ability to disrupt traditional industries and his relentless pursuit of technological advancements continue to inspire confidence among investors.
In conclusion, while Tesla ( NASDAQ:TSLA ) may have missed the mark in its recent earnings report, the company's forward-looking initiatives, including the launch of lower-cost models and the expansion of its autonomous taxi service, have reignited investor enthusiasm. As Tesla ( NASDAQ:TSLA ) charts a course toward a sustainable future, its stock remains a beacon of innovation in the landscape of electric mobility.
TSLA rallies based on comments, it wont lastAfter an earnings call, TSLA rallied overnight by 10%. The financials show the company failed to beat reduced expectations from analysts, so what gives?
Elon Musk has proven once again his skills at being a show man.
Rallies based on comments and hype of whats to come dont last.
AAPL recently went through a similar situation, stock rallied on news they finally would release AI products in the future, soon after it continued dumping.
People are buying the
$TSLA 4 hour after Q1 2024 earnings - not for the average traderA volatile stock with so much FUD, so many unknowns, should not logically align with a chart of trend line continuation and geometric formation. I am being as imprecise as i can be without negligence to the study. Free hand no measurement just visual spacing. Lets see how this Legal entity moves through time and if there is any fractal patterning resonate within that movement.
Bullish market in TeslaEsteemed 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
TESLA ready to start it's run? Long with a 300$ TARGETTesla has been one of the worst performing NASDAQ100 listed stocks for the past year.
Now its the time for the trend to change. In our humble opinion of course.
We finally have an actionable set up with a falling wedge and the completion of a bullish 886 harmonic. The trade set up is standard and what really were looking for, for a long term run, is a break and confirmation of 180$, as shown below.
The 4h targets are traditional targets for the 4h set up.