TESLA BREAKING UP!!!! Se you all at $260'sWe have flipped a key resistance level.
Long and strong now!
Patience pays
Tesla Motors (TSLA)
Tesla's Impressive RallyTesla Inc. has experienced a substantial upward surge, currently trading at $258.13 after a significant +21.13% move in a single trading session. The recent breakout is fueled by a combination of technical factors that suggest the rally may continue in the coming days.
1. Strong Breakout Above Resistance:
Tesla's recent price action broke past key resistance levels around $230 and $243, with the price surging above the 0.618 Fibonacci retracement level at $250.21. This clear breakout, coupled with a massive green candlestick, suggests strong bullish momentum.
The stock is now approaching the 0.786 Fibonacci retracement level at $260.30, indicating a potential target for continued upward movement.
2. Moving Averages Turning Bullish:
Tesla's price has surged above all major moving averages (20-day, 50-day, 100-day, and 200-day EMAs), which are now likely to act as support levels during any pullbacks.
The alignment of the EMAs, particularly the shorter-term averages crossing above longer-term ones, is a positive sign that the uptrend is gaining strength.
3. Volume Surge Confirms Momentum:
The recent breakout was accompanied by a significant spike in volume, indicating that the move was supported by strong buying interest. Such high volume on an upward day confirms that institutional and retail traders are confident in Tesla's future performance.
4. Bullish Momentum Indicators:
The MACD is showing a bullish crossover, with the MACD line crossing above the signal line. This suggests a shift from a bearish to a bullish phase, indicating that the recent upward move has solid momentum.
RSI is currently at 64.65, just below the overbought level of 70. This position indicates that there’s still room for Tesla to move higher before hitting overbought conditions, allowing for more potential upside.
5. Pivot Points and Fibonacci Targets:
Tesla is comfortably above its key pivot level at $243.12, suggesting that previous resistance has now turned into support.
The next targets for the stock are around the 0.786 Fibonacci level at $260.30, with potential to challenge higher resistance levels if the rally sustains its pace.
Tesla’s sharp upward movement, backed by strong volume, suggests that a new bullish phase has begun. As long as Tesla maintains its position above key support levels, especially above $243, the technical outlook remains promising. Investors could see this as a strong buying opportunity, with the potential for the stock to challenge new highs in the near future.
TESLA Have today's upbeat earnings erased the Robotaxi disaster?Tesla (TSLA) reported yesterday third-quarter results that beat Wall Street estimates and said it expects to achieve "slight" growth in deliveries this year. This was enough to send the price in an after-market frenzy and so far in-session rising almost by +20%.
In fact, Tesla's market cap has increased by $126B today, the largest single day jump ever! Those earnings may prove to be pivotal for the automaker as they come just a few days after the Robotaxi event, which the market considered disappointing.
So can those earnings result be enough to reverse Tesla's fortunes, which has been massively underperforming relative to (particularly) the rest of the Magnificent 7? Well this can be answered through a technical perspective, with a chart that we published more than 2 months ago (August 15, see chart below):
That was Tesla's Channel Up since the January 06 2023 market bottom on the 1W time-frame, where we caught a buy just after the August 2024 Low. We projected that to be halfway through the new long-term Bullish Leg of the Channel. The recent October correction can be viewed as the April 24 2023 2nd wave of the mid-term pull-back of the Bullish Leg.
On the current analysis we view the same pattern but on the 1D time-frame, where the 1D MACD in particular excels at illustrating the identical nature of the two Bullish Legs price actions.
Right now the MACD is forming the 2nd clean Bullish Cross under the Lower Highs belt, a formation which on May 04 2023 turned out to be the confirmation that started the 2nd phase of the Bullish Leg that completed a +195% rise from the January 2023 bottom.
As a result, not only do we expect the stock to reach Resistance 1 (299.50), which is the July 19 2023 High before the year ends but also test Resistance 2 (385.00), which is the April 05 2022 High by January 2025.
Our Target long-term remains a straight up $380.00 as we pointed out those months back.
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Tesla Weekly to 4 Hour Deep Analysis EVERYTHING YOU NEED TO KNOWMorning Trading Family
Tesla broke out of the zone we expected it would with a quick fake for the bears then the positive news punched Tesla up like no tomorrow.
Today I break Tesla down into the nitty gritty using all the tools to give you levels to look out for in the coming days.
Overall Tesla can hit 300 and beyond but we have a few levels to hit before we get there.
Enjoy the video
If you liked this content, follow, like, share and boost: truly grateful for your time and your comments
Mindbloome Trading
Trade What You See
Tesla (TSLA) Shares Surge by 11%Tesla (TSLA) Shares Surge by 11%
As shown by Tesla's stock chart, trading closed below $213.50 yesterday. However, following the main trading session, the company reported its third-quarter earnings:
→ Earnings per share (EPS): actual = $0.72, expected = $0.59
→ Gross revenue: actual = $25.46 billion, expected = $25.18 billion
Additionally, Tesla forecasted a sharp increase in vehicle sales, assuring investors that CEO Elon Musk remains focused on expanding the company's core electric vehicle business.
According to Reuters, this earnings report positively impacted investors who were previously concerned about:
→ Profit margins shrinking due to price cuts.
→ Musk potentially being distracted by new projects like the Cybercab robotaxi, Robovan, and humanoid robots (Optimus Gen), which were unveiled during the "We, Robot" event that caused a TSLA stock drop on October 11.
As a result, Tesla's pre-market share price shows a rise of over 11%, indicating that today's trading may open around $235.
The technical analysis of Tesla's (TSLA) stock chart provides crucial insights into the stock's recent bullish momentum:
→ Since May, Tesla's stock has moved within an upward channel (shown in blue), with the lower boundary acting as significant support (indicated by blue arrows).
→ The downward rounding in October (shown by the red arrow) may signal bearish pressure aimed at testing this support.
The bullish momentum following the earnings report suggests that the attempt to break below the channel's lower boundary failed. Therefore, bulls may continue to push TSLA's price upwards within the existing channel. It's possible we could see another attempt to challenge the key resistance level at $260 by the end of the year.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Volatility in Consumer Discretionary driven by AMZN and TSLA.The heavy presence of AMZN and TSLA in Consumer Discretionary makes the sector more volatile. However, I don't see an issue with the trend. Buyers may view levels up to $192.55 as a buying opportunity, especially with AMZN’s high potential from its broad range of innovative ventures. Although TSLA raises some concerns, AMZN could act as a balancing force, or TSLA might follow AMZN’s lead. My price target for the fund is around $212.55, aligning with the 1.618 Fibonacci level, and AMZN could reach Wall Street's $220 target, which I find reasonable.
Tesla Great Bearish Trade if We go South Good morning Trading Family
Currently with Tesla, an update we made a lower low which is great news for the bears. However we can still go to 213.82 and punch up hard with a bullish movement up.
However if we break down further this can be a great trade for the bears down to 190
Put your alerts in for 213.80-90 zone and lets see what happens with this news coming out today
Mindbloome Trading
Trade What You See
Tesla Analysis: Stuck in the Zone – Waiting on a Breakout ??Morning Trading Family
Here is our Tesla Update
We’re still holding within the range, waiting for a move. Keep your alerts set for a breakout above $224.20 or below $213. Not much action yet, but Wednesday’s data could be a game-changer. That last Tesla rocket was wild—let’s see if we get another one!
Trade What You See
Mindbloome Trading
Market Forecast $SPX (Oct 20th—> Oct 26th)Market Forecast (Updated 10/20/2024)
SPX - Economic data for September was very good and supported the soft landing narrative for the stocks to go up, Based on NFLX ER, the TECH sector is still strong and bullish.
Next resistance: 5,891 and then 5,913
Next support: 5,750, followed by 5,560
Weekly Sentiment: Mixed/Consolidation Period
TESLA: Long Signal with Entry/SL/TP
TESLA
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long TESLA
Entry - 220.72
Sl - 211.69
Tp - 239.42
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
$NQ outlook headed into OCT. 21 WEEKMarket structure still shows us that it is bullish based on Technicals.
No catalyst yet for a big bearish move/correction/pullback.
Friday ended as an inside bar /1 / harami.
Means an explosive move is coming.
Got a 2-1-2 going into Monday.
The overall market structure is still bullish with higher lows and higher highs.
Rejection off the order blocks from April time frame and the SEPT bounce off the imbalance created in AUG.
There's no real catalyst 'yet' for a big bearish move.
I'd watch how Sunday night's global opens and see what transpires during the London session of NYSE:ES SEED_ALEXDRAYM_SHORTINTEREST2:NQ
Similar to my NASDAQ:QQQ post a week ago, price is still respecting the upward trendline which is now annotated with the green triangle.
Watch for price for the rest of OCT attempt to take out ATH (Liquidity) at 20983.75 and potentially reverse/stall at 21,000. Why that number? Psychological level along with where many algos most likely set their orders along with those who went short at ATH set their stops ABOVE entry.
THIS IS NOT FINANCIAL ADVICE but an OPINION.
#SPY #MSFT NASDAQ:AAPL #AAPL NASDAQ:AMZN #AMZN NASDAQ:QQQ #QQQ #ICT NYSE:ES #ES SP:SPX #SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY #NQ NASDAQ:MSFT NASDAQ:TSLA #TSLA NASDAQ:NVDA NASDAQ:AMD #NVDA #AMD
$SPY Outlook for OCT 21, 2024AMEX:SPY headed into this week is an inside bar / 1 / harami.
Means an explosive move is coming.
Got a 2-1-2 going into Monday.
The overall market structure is still bullish with higher lows and higher highs.
There's no real catalyst ' yet ' for a big bearish move.
I'd watch how Sunday night's global opens and see what transpires during the London session of NYSE:ES SEED_ALEXDRAYM_SHORTINTEREST2:NQ
There still a GAP downside that was not completely filled last week.
#SPY is in this rising wedge pattern and been respecting the TL (Green/Red).
The pivot for SPY will be 583.99 - 584.55.
If the bulls hold above that, you will see 585.39 get taken and then potentially 586.12. Failure by the bears to stop the move up and 587/587.35/588 will be on the path.
If the bears take control and break the pivot zone, then you will see 583.67 / 583.2 / 582.6 / 582.33 and 581.82 / 581.5 / 580.9
Market Structure starts to change with a break of 582.16.
A true MSS comes at 565 break.
Keep in mind, there is a divergence between NASDAQ:QQQ and AMEX:SPY
This is NOT FINANCIAL ADVISE!
#SPY #MSFT NASDAQ:AAPL #AAPL NASDAQ:AMZN #AMZN NASDAQ:QQQ #QQQ #ICT NYSE:ES #ES SP:SPX #SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY #NQ NASDAQ:MSFT NASDAQ:TSLA #TSLA NASDAQ:NVDA NASDAQ:AMD #NVDA #AMD
TSLA Tesla Options Ahead of EarningsIf you haven`t bought the dip on TSLA:
Now analyzing the options chain and the chart patterns of TSLA Tesla prior to the earnings report this week,
I would consider purchasing the 210usd strike price Puts with
an expiration date of 2025-9-19,
for a premium of approximately $32.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Overall, I’m bullish on TSLA in the long run, so this might just be a short-term play.
Stock Market TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast
Nvidia Stock NVDA Forecast Technical Analysis
TESLA Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for TESLA below:
The instrument tests an important psychological level 220.72
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 232.78
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
$TSLA - BEAR FLAG $174 PT, Medium Term PT $138 at Double BottomBear Flag is setting up nicely like the previously bear flag. Length of Pole - Measured downside move to a price objective of $174. There is also a major gap that hasn't been filled. The stock will eventually fill the gap with a support at a double bottom of $138. Overall, Tesla is more bearish and than bullish. Short on further downside. Fundamentally, it is trading at an egregiously overvalued Forward PEG of 6.53 and a forward PE of 81 while growth is expected to be stagnant YOY with no concrete evidence of renewed growth for the next year. Even if you assume the company gets back to 50% growth next year, its current valuation on forward PEG and PE would still be overvalued and would need time to grow into its valuation.
$TSLA DOIN THE ROBOT DANCE TO $270-$300 PARABOLICThe target patterns are right on the chart. Invest smart, invest hard. Buy the dip thst just happened. You want to make sure you'll be in trade in these next few rallies.
Stock Wrangler out.
Like, comment, subscribe. I love to answer people's questions!
Tesla 4-Hour Chart: Path to $191 or $261?Alright, trading fam, grab your boards—Tesla’s (TSLA) chart just served up a crucial break below $213.78, and things are starting to get spicy. Think of that level like a solid wave that held you steady for a bit—until it dumped you off the board. Now that the market’s broken out of the channel, we’re eyeing $191.20 as the next potential landing spot. This could be where the bulls regroup and paddle back in for another try, but if they miss the chance, the market might pull us further under.
Now, here’s the exciting part: it’s not over for the bulls. If Tesla regains its footing and pushes above $223.70, that’s our green light to ride toward $261–264. This area is prime territory for locking in some early profits—it’s like the perfect wave where some surfers might hop off and call it a day. But if the bulls stay committed, they could break through that resistance and catch even bigger waves ahead.
So what’s the plan? Below $213.78, we stay cool and watch for $191—it could be a solid zone to hop back on. But if we reclaim $223.70, we ride that momentum to $261 for a sweet first profit. No need to rush or panic—just like surfing, it’s all about waiting for the right set and not forcing things.
If this breakdown gave you good vibes, boost it with a like or follow—let’s keep riding the markets together, one wave at a time.
Mindbloome Trader
Can NVDA hit 200 USD in Q1 2025?🔸Time to update the NVDA trade setup, previously was expecting
a correction in this market, based on fundamentals we are definitely
overextended, however NVDA so far is trading purely based on momentum
ignoring the fundumentals. It's the star stock of the 2024 stock market.
🔸Previous strong uptrend, we broke above key psychological S/R at 100 usd. Right now we got a compression setup, expecting limited upside / pullback heading into US elections, having said that probably any downside beyond 115/120 usd is very limited. current floor set at 100/110 USD.
🔸Compressing into wedge formation, most likely we will break out
to the upside following a shallow pullback in November 2024.
Also November/December is a very strong seasonal period for US stock
market, so it's really hard to recommend short selling NVDA.
🔸Recommended strategy bulls: expecting pullback near 114/118 USD
in November going into elections, limited downside beyond 110 USD.
BUY/HOLD near 114/118 TP bulls is 200 USD, which is almost 75% upside.
Most likely we will reach target somewhere in Q1 2025, probably January.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Tesla (TSLA): Stuck in a Range after Robo Taxi rumors fizzledAfter being stopped out on our second entry in Tesla, it's time to take another look, although it has been quite uneventful since the big rise on the Robo Taxi rumors back in July. It was a classic “buy the rumor, sell the news” event, showcasing how markets tend to price in events well ahead of their occurrence. Musk's statement that Cybercab production could begin "before 2027" is also seen as highly questionable, given his history of missed deadlines.
Tesla recently got approval from local authorities near its gigafactory in Berlin to move forward with its three-stage expansion plan. Despite protests from locals, this approval allows the company to start building infrastructure for storage facilities, a battery cell test lab, and logistics areas. All of this will take place on land already owned by Tesla. Whether this expansion will be beneficial or problematic for the company remains to be seen in the coming months.
Currently, we still have our limit order from $177 running, and things are looking alright. To better illustrate the situation, we added a fresh chart of Tesla’s range, which clearly shows the situation. After reclaiming the range middle in July, Tesla briefly dipped below but rebounded perfectly from $183, a critical POC (Point of Control). Since July, Tesla hasn’t made any new higher highs, nor has it made lower lows, placing the stock in a tight range. If Tesla loses the range middle, we could see a drop to $183 or even $160. On the upside, breaking above the range high would be essential for further momentum.
It's crucial to focus on higher time frame levels and avoid getting caught up in short-term news or noise. We’ll continue to monitor Tesla’s key levels and update you if any significant movement occurs. 🤝
Tesla - False Bullish Breakout!Tesla ( NASDAQ:TSLA ) is almost back below resistance:
Click chart above to see the detailed analysis👆🏻
Last month, Tesla finally managed to close above the resistance trendline of the long term descending triangle continuation pattern. However over the past couple of days, Tesla stock then tumbled and is now trading below the trendline, potentially creating a false breakout.
Levels to watch: $160, $220
Keep your long term vision,
Philip (BasicTrading)
TESLA – Slippery Slope to 208 or a Drop All the Way to 191?Alright, traders, here’s the lowdown on Tesla (TSLA). Things are looking a bit dicey as the price slips through key zones. If the bulls don’t step in soon, we could see TSLA sliding down to the 208-207 range (black box). But if that level doesn't hold, we’re in for a deeper pull toward the 191-188 zone (orange box).
Key Levels to Watch:
Current Price: 218
First Support: 208-207 (black box) – Bulls need to show up here, or it’s more downside.
Deeper Target: 191-188 (orange box) – If sellers keep control, this could be the next landing zone.
The sellers seem to have the upper hand for now, but a bounce from 208 could shift things in the bulls' favor. Keep an eye on lower time frames to catch any early signs of a reversal.
If this analysis helped you, drop your thoughts in the comments—do we hold 208, or are we heading for 191? Follow, share, and spread the word if you found this valuable. Stay tuned for more updates.
Mindbloome Trader
TSLA Best Level to BUY/HOLD 30% gains ABCD fractal🔸Hello traders, today let's review 4hour price chart for TSLA.
Recently we gapped down back into trading range, based on previous
update I still maintain neutral outlook until we complete the
re-accumulation structure, details see idea below.
🔸Having said that I'm expecting a decent 30% bounce in TSLA based
on the ABCD price fractal. ABCD fractal from 2023 projected into
the current market structure, point D expected near 188 usd timewise
most likely December/January. This will be a good reload for the bulls.
🔸Recommended strategy bulls: Bulls wait for pullback to complete
near 188 / point D and BUY/hold for a 30% bounce play. Exit/TP at 250 USD.
good luck traders!
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🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
