TESLA Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
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1-16-2024
RED TrapZone with RED UMVD. Price sliding as US MSI also points to weakening in the market. Hold On to You Hats I Say :)
Tesla Motors (TSLA)
The idea of analyzing the bull market in TeslaDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
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TESLA The Target Is UP! BUY!
My dear friends,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 163.56 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 180.44
Recommended Stop Loss - 154.73
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
TSLA analysis: Price Returns to Above the $170 LevelTSLA analysis: Price Returns to Above the $170 Level, But for How Long?
After forming a low of the year on March 14, the TSLA share price managed to rise above the USD 170 level — investors reacted positively to Tesla’s decision to increase prices for electric vehicles in the US and Europe.
However, the TSLA stock market remains under pressure:
the TSLA price performs noticeably worse than the S&P 500 index;
the price forms a downward channel (shown in red);
Goldman Sachs analysts cut their forecast for Tesla shares to USD 190 from USD 220 for the next 12 months due to problems with production and sales.
Yahoo writes that investors are not happy with Musk's attitude. The fall in Tesla shares could quickly stop if the company gets a “real CEO” or Musk changes his position and returns to work and positively promoting the brand.
What is the market outlook?
Bullish arguments:
→ the price is near an important support zone, which is formed by the 2023 pattern: a bullish gap that has been successfully tested;
→ a decrease in the TSLA price below the lower border of the downward channel creates short-term oversold conditions in the market.
→ Fortune reported on March 15 that Cathie Wood's fund bought USD 35 million of TSLA stock.
Bearish arguments:
→ the bearish gap of early January works as resistance;
→ resistance may also include the psychological level of USD 200 and the median line of the descending channel.
At the same time, Barron's writes that the approaching earnings season is the biggest risk for Tesla shares right now. Tesla is expected to report electric vehicle deliveries of about 480,000 units in the first quarter of 2024, according to estimates from Bloomberg and FactSet. However, investors should pay attention to more recent estimates that have emerged in the last couple of weeks — they point to a figure of around 430,000 units.
Actual values below expectations may significantly lower the price of TSLA shares — it is possible that the price will continue to move within the descending channel, breaking through the support area. The news release is scheduled for April 17.
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.
How to Trade with the Inside Bar PatternHow to Trade with the Inside Bar Pattern
The inside bar pattern is characterised by two consecutive candlesticks that often suggest a period of consolidation or indecision in the market. Traders and analysts can find value in identifying the setup as it can provide insights into potential future price movements. In this article, we will explore different examples of this formation on price charts and discuss how to interpret their signals for trading purposes.
What Is an Inside Bar Candle Pattern?
An inside bar is a two-candlestick formation that occurs when a candlestick's high and low range is contained within the high and low range of the preceding candle. In other words, the entire price action of one candle is confined within the previous candlestick's price range.
The setup signifies a period of consolidation or indecision in the market; however, it doesn’t identify a trend reversal. The price may continue moving in the prevailing trend or turn around. Also, the pattern may appear both in an uptrend and in a downtrend. It indicates that the trading range of the current candle is narrower than the range of the previous candlestick. This contraction in price volatility suggests a temporary equilibrium between buyers and sellers.
The inside bar can be observed across different financial instruments such as stocks, cryptocurrencies*, ETFs, indices, and forex currency pairs and can be traded using contracts for difference (CFDs) provided by FXOpen.
Identifying the Inside Bar on Trading Charts
To identify this formation on trading charts, traders follow these steps:
Look for two candlesticks: Start by identifying a candlestick with a defined high and low range and check a subsequent candlestick.
Compare the high and low range: Check if the high and low range of the subsequent candle is entirely contained within the high and low range of the preceding candlestick. The entire price action of the following candles should be within the boundaries of the last candlestick.
Confirmation: Once identifying that the subsequent candle meets the criteria, traders can confirm it as an inside bar.
Inside Bar vs Outside Bar
The inside candle pattern occurs when the high and low of a candle are contained within the range of the preceding candlestick, indicating consolidation or indecision in the market. It suggests a potential reversal or continuation of the current trend. On the other hand, an outside bar, or engulfing pattern, happens when the high and low of a candlestick completely engulf the previous candle, signalling a potential reversal. A bearish engulfing indicates a bearish reversal, while a bullish engulfing suggests a bullish reversal. Both are widely used by traders for technical analysis and identifying potential trading opportunities.
Traders can analyse outside and inside bars on forex, stocks, and other markets for free using the FXOpen TickTrader platform.
How to Trade Inside Bar Pattern
Trading with the inside bar candlestick pattern involves using it as a signal for potential breakouts or continuation of the prevailing trend. Here are the steps traders usually follow when trading with the pattern:
Determine the direction of the preceding trend: Traders assess the overall trend leading up to the formation. If it's an uptrend, the preceding candles should be mostly bullish. If it's a downtrend, the prior candles should be mostly bearish.
Wait for a breakout: The formation indicates consolidation and potential price compression. Traders often wait for a breakout from the setup's range to initiate a trade. A breakout above the high of the formation suggests a bullish signal, while a breakout below the low indicates a bearish signal.
Set your entry: Once the breakout occurs, traders may set the entry order slightly above the high of the bullish breakout or slightly below the low of the bearish breakout.
Consider additional confirmation: To increase the probability of a successful trade, traders may look for additional confirmation indicators such as volume analysis, trendlines, or other technical indicators to support your trade decision. An increasing volume at the breakout or the breakout from a trendline may provide additional confluence.
Manage your trade: As the trade progresses, traders monitor price movements and may want to adjust your stop-loss level to protect profits or limit losses.
Take profits: Traders may decide on your profit-taking strategy, whether it's a predetermined target, a trailing stop, or monitoring key levels of support and resistance.
Live Market Example
Below we present an inside bar stock pattern on Tesla. It contains a bullish inside bar. Following the inside bar trading strategy, the trader waits for the breakout above the setup marked by a horizontal line. The stop loss is set below the low of the formation, and the take profit is at the next resistance.
Final Thoughts
While the setup can be a useful tool for identifying potential breakout or continuation opportunities, it's important for traders not to rely solely on this pattern for their trading decisions. To enhance their analysis, traders combine the formation with other technical indicators and utilise effective risk management strategies to manage potential losses.
It's crucial to exercise caution and be mindful of false signals that can occur. Traders try to adapt their trading strategies accordingly to improve their chances of success. To develop your own trading strategy with this pattern, you can open an FXOpen account.
FAQ
Is an inside bar bullish or bearish?
It does not inherently indicate a bullish or bearish bias. It simply represents a period of consolidation or indecision in the market. So, the formation occurring within an uptrend can be bullish and signal a trend continuation or bearish and signal a trend reversal.
What does an inside bar bullish mean?
The meaning of an inside candle that is bullish refers to an inside bar, after which the price moves upwards. When this pattern forms during an uptrend, it suggests a temporary pause or consolidation in price before the uptrend potentially resumes. When it is formed in a downtrend, it signals a trend reversal.
How do you use the inside bar strategy?
To use the strategy, traders wait for the inside bar to form and then look for a breakout above the high of the formation to enter a long position or below the low to enter a short trade. A stop-loss order is typically placed below the low of the pattern in a long trade and above the high of the pattern in a short trade. Profit targets can be determined based on the trader's trading plan, technical indicators, or key support and resistance levels.
* At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients.
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.
TSLA Rebounds from $164.76 Support LevelMy TSLA forecast has been one of my most accurate predictions so far, and TSLA has reached the $164.76 price target discussed in my previous updates. NASDAQ:TSLA initially dipped below the $164.76 support level, but had a bullish rebound at the support line. TSLA is red today, but could be forming a bullish retest of the $164.76 support line. I would keep an eye on the $164.76 support level on the way down to see if it holds or whether TSLA loses support here.
TSLA - Solid Bullish Divergence TSLA has been a solid short but I have a hard time believing that this stock is down for the count. Apparently I am not the only person who is thinking this way because in spite of the downside price action, the RSI (Relative Strength Index) is indicating that sentiment is overall bullish still and price should reflect it in the short term. I don’t know if I feel super bullish with the macro outlook but as far as expecting a decent bounce out of TSLA in the short term- probability points to more likely than not- upside price action in the short term.
Tesla Shares Up 6.3% on Model Y Price Hike in US, EuropeIn a strategic maneuver to bolster sales and navigate shifting market dynamics, Tesla ( NASDAQ:TSLA ) recently announced price hikes for its Model Y electric vehicles across select regions, triggering a surge in its stock price amidst a backdrop of evolving challenges and opportunities.
Seizing Momentum Amidst Price Adjustments:
Tesla's decision to increase Model Y prices in both Europe and the United States has sparked a flurry of investor interest, propelling its shares by nearly 7%. The move, which includes a $1,000 hike for U.S. customers and a 2,000 euros increase for European buyers, underscores Tesla's agility in responding to market conditions while seeking to optimize revenue streams.
Navigating Market Sentiments:
Despite the immediate market enthusiasm, analysts remain cautious, citing concerns over persistently high Model Y inventory and interpreting the price adjustments as a short-term sales stimulus rather than a reflection of robust demand. Goldman Sachs analysts, in particular, have revised their 12-month price target downward, highlighting challenges in Model 3 production ramp-up and operational disruptions at Tesla's Berlin gigafactory.
Evolving Market Landscape:
Tesla's strategic maneuvers unfold against a backdrop of evolving market dynamics, including reduced electric vehicle subsidies in Europe, intensifying competition in China—the company's second-largest market—and signs of slowing demand. While analysts acknowledge Tesla's strong position in the electric vehicle and clean energy sectors, they caution that near-term market conditions could impact earnings and growth trajectories.
Strategic Outlook:
Despite near-term headwinds, Tesla ( NASDAQ:TSLA ) remains well-positioned for long-term growth, leveraging its market leadership and technological prowess in the electric vehicle and clean energy sectors. The company's ability to navigate market challenges while sustaining innovation will be pivotal in shaping its trajectory in the competitive landscape of the automotive industry.
TSLA at weekly support, likely to bounce to at least 200 areaThe price had hit the weekly support WS1 after getting rejected from weekly resistance WR1. After hitting WS1, the price has bounced and I believe this bounce will continue towards weekly resistance WR1. Therefore, this present an opportunity to go long on this one for the target at least to the weekly resistance WR1. There is a possibility of it breaking this resistance and move towards monthly resistance MR1. However, we shall re-evaluate the price action in case it reaches to the first target at WR1.
$TSLA recovery sooni expect a recovery from NASDAQ:TSLA in the next weeks.
But currently MACD, KDJ and Vortex Indicators show oversold levels but no reversal signs yet.
Tesla needs to show a structure of reversal first (higher low, higher high)
For long-term accuulation this is a good entry level also for dollar cost averaging.
TESLA: Long Trade Explained
TESLA
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long TESLA
Entry Point - 163.56
Stop Loss - 152.38
Take Profit - 186.82
Our Risk - 1%
Start protection of your profits from lower levels
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Institutional purchase at $165 : I hope I'm not mistaken.I bought earlier because I couldn't manage my emotions hahaha. Since it was at 210 or 215, I had placed my orders at $165, but I couldn't resist FOMO during the drop lol.
Earnings are forecast to grow 10.62% per year
Earnings grew by 19.2% over the past year
TESLA The time to buy is NOW. Huge +40% upside.Tesla / TSLA hit the Falling Support today, which is the bottom of the Bearish Megaphone started after the July 19th 2023 High.
On top of that, the 1day RSI turned oversold, entering the Support Zone that has priced all 4 bottoms and buy opportunities since the April 27th 2023 Low.
That Low was at 152.40, marginally under the current price.
As you realize, this is technically the strongest buy opportunity of the year and in price action terms, looks very much like the April 2023 bottom.
Keep a medium term perspective, buy and target the 1day MA200, near the Falling Resistance and just under the 0.786 Fibonacci at 230.00.
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Tesla - Confirmed BreakdownHello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
For more than three years, Tesla stock has been trading in a bullish flag formation. Two months ago Tesla once again retested the upper resistance trendline and failed to break out towards the upside. There are two major support levels below current market price which I do expect Tesla to retest. Then you can absolutely consider long setups again on Tesla stock.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Worldwide misunderstanding for Polestar 😄Trading at 87.5% below our estimate of its fair value
Revenue is forecast to grow 35.64% per year
Trading at good value compared to peers and industry
Risk:
Negative shareholders equity
Has less than 1 year of cash runway
Currently unprofitable and not forecast to become profitable over the next 3 years
Volatile share price over the past 3 months
Polestar has tried everything. Collaboration with Renault to "sublet" production plants (future plant in South Korea). Breakaway from Volvo. Lower prices for Polestar 3 and 4 cars. But nothing worked. The stock continues to sleep, brain-dead.
The shorts keep piling up, day after day after day...
As a huge investor in this stock, I myself look away. I start buying a China ETF, Porsche, European stocks like Nestlé or Swatch or Zalando or Kering... no one in my entourage can hear about Polestar anymore haha
TSLA Bearish outlookTsla looks bound to hit the next bottom support which is 163
RSI is not even oversold yet so there is a chance that it can go below 163 and next stop would be 150-152 range
150 is the channel bottom as well . so we might have a chance of a bounce back technically.
If it goes below 150 and a trading day closes below 150 then we are going to 100-105 range which is the ultimate rock bottom for TSLA
Tesla Faces Headwinds: Analysts Downgraded TSLA StockTesla ( NASDAQ:TSLA ), the electric vehicle (EV) pioneer, finds itself at a crossroads as analysts' sentiments diverge on the company's prospects. Recent downgrades and contrasting opinions reflect uncertainty surrounding Tesla's ( NASDAQ:TSLA ) delivery expectations, pricing strategy, and the viability of its next-generation vehicles. Let's delve into the nuanced landscape of Tesla's stock analysis and the divergent views shaping its trajectory.
Downgrades and Concerns:
Wells Fargo's downgrade of Tesla ( NASDAQ:TSLA ) to underweight, with a reduced price target, highlights concerns over disappointing first-quarter deliveries and ongoing price cuts. The firm's skepticism extends to Tesla's next-generation offering, particularly the economics of the anticipated Model 2. Everscore's projection of delayed ramp-up for Tesla's cheaper vehicle further compounds apprehensions, indicating potential challenges ahead.
Optimism Amidst Uncertainty:
Despite the prevailing skepticism, Wedbush Securities' analyst Dan Ives maintains an outperform rating for Tesla, albeit with reduced Q1 delivery expectations. Ives remains bullish on Tesla's long-term prospects, emphasizing a positive outlook for deliveries throughout the year. His optimism stems from observations during a recent trip to Asia, suggesting a slowdown in price cuts and potential stabilization in demand, benefiting Tesla and the broader EV industry.
Contrasting Views on Earnings and Performance:
Analyst consensus for Tesla's 2024 earnings paints a mixed picture, with projections below 2023 levels, indicating another year of negative growth. Morgan Stanley's Adam Jonas echoes concerns, lowering earnings projections and envisioning potential losses for Tesla in 2024. Despite trimming his price target, Jonas maintains an overweight rating, underscoring the complexity of Tesla's performance outlook amidst evolving market dynamics.
Market Response and Outlook:
Tesla's ( NASDAQ:TSLA ) stock performance reflects investor uncertainty, with recent declines and contrasting analyst opinions shaping market sentiment. As Tesla ( NASDAQ:TSLA ) navigates through delivery challenges, pricing adjustments, and the development of next-generation vehicles, stakeholders remain vigilant for signs of sustained growth and profitability. With Tesla's position in the EV landscape evolving, market watchers await clarity on its strategic direction and execution in the coming quarters.