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Tesla Motors (TSLA)

Tesla (TSLA) IdeaHey Guys, Yearly= In a Correction since 2022. 2023 managed only to retest the 50% of the Bearish Candle which is not Bullish but indicated a drop. Yearly Zones of Interest: 208 & 154 Q2= Bullish Candle at an important Yearly FIB. BUT still in a declining channel. Stochastic is neutral- bullish. Q4 could provide some bullish setup (according to the stochastics) since we might be forming a higher low here. Bulls must manage to break through at least the 222 Resistance. Monthly: Stochastic is bullish - candlestick as well… however the 205 level becomes critical as it is retested with this candle. we also are testing the upper line of a declining channel -> a warning of a possible decline for the next month or so. Warning line at 205 and the next at 222 as these zones have to be broken to attract more buyers into the markets. Below 205 I see a great likelyhood of a retest of 3D Lows Thanks for reading
NASDAQ:TSLA
by MeruEU
$TSLA #Tesla Inverse Head & ShouldersNASDAQ:TSLA #Tesla Inverse Head & Shoulders The Inverse Head & Shoulders pattern is a popular technical analysis indicator used to predict a reversal in a downtrend. Here's a description: ### Inverse Head & Shoulders Pattern The Inverse Head & Shoulders pattern is a bullish reversal pattern that often marks the end of a downtrend and the beginning of an uptrend. It consists of three main components: two shoulders and a head, formed by three successive troughs with the middle trough (head) being the deepest. #### Key Features: 1. **Left Shoulder:** - The price declines to a new low and then rises to form a peak. 2. **Head:** - The price falls again, creating an even lower trough (the head), and then rises once more. 3. **Right Shoulder:** - The price declines for a third time but does not fall as low as the head, forming the right shoulder, before rising again. 4. **Neckline:** - A horizontal or slightly upward-sloping line drawn through the peaks between the left shoulder, head, and right shoulder. This line acts as a resistance level. #### Trading the Pattern: - **Identification:** - Look for a clear formation of the left shoulder, head, and right shoulder during a downtrend. - **Neckline Break:** - The pattern is confirmed once the price breaks above the neckline. This breakout signals a potential reversal and is considered a buying opportunity. - **Volume:** - Volume typically decreases as the pattern forms and then increases on the breakout above the neckline, adding validity to the reversal. #### Measuring the Target: - **Price Target:** - The projected price target is typically calculated by measuring the distance from the bottom of the head to the neckline and then adding this distance to the breakout point at the neckline. #### Example: If the bottom of the head is at $50, the neckline is at $60, the difference is $10. If the price breaks the neckline at $60, the target price would be $70 ($60 + $10). ### Summary The Inverse Head & Shoulders pattern is a reliable indicator used by traders to identify potential reversals from bearish to bullish trends. When identified correctly, it provides a clear signal to enter long positions, aiming for the measured target based on the pattern's structure.
NASDAQ:TSLALong
by AlgoTradeAlert
5
$TSLA bottoming soon around $131-137 and then push to $200?NASDAQ:TSLA looks to be close to making a short term bottom. Thinking we could see price find support in the $131-137 range and then with earnings see a push to $200 or so. NASDAQ:TSLA has been the leader to the downside and it looks to be nearing exhaustion. Would make sense for the leader to the downside to end up being the leader to the upside should the reaction to earnings be positive. Let's see. This week should be telling on the directional move for equities.
NASDAQ:TSLALong
by benjihyam
21
TESLA It has begun...Tesla (TSLA) is on almost a +5.00% rise today an aggressive reaction to the market news and technically extending an Inverse Head and Shoulders (IH&S) pattern as we mentioned on our previous analysis (see chart below): It is a good time to shift to the longer term time-frame of 1W, where this IH&S pattern is a bottom formation that Tesla has registered before all of its major long-term rallies. The one that looks from cyclical start to finish with today's pattern is the period of 2014 - 2016. Once the price broke above the 1W MA50 (blue trend-line) on that pattern, Tesla started a rally that peaked on the 1.382 Fibonacci extension level. Observe similar the 1W RSI patterns are as well between the two Cycles. If the stock repeats that Fibonacci target, we can get a price as high as $700.00. That is of course a very optimistic scenario but even the more pessimistic one, has a (dotted) Channel Up targeting its top on the 3.5 Time Fib at around $400, which is almost the All Time High (ATH) for Tesla. As a result, we see $400 as a real posibility for the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
2
RIVN falls to fair value for swing LONGRIVN is here on a 30 minute chart with VWAP bands and a dual time frame RSI added. Price fell from the top of the trend up after the last earnings. It is now between the mean anchored VWAP and the first lower VWAP line which is where the reversal occurred on May 8th. I will look for an entry long on a lower time frame chart. I am looking for a 1.75 move up toward the second upper VWAP line in this trade while risking 0.25 making the reward for the risk taken about 7.
NASDAQ:RIVNLong
by AwesomeAvani
TSLA: Key Support Levels and Potential Breakout (1H/D charts).Hourly Chart: Critical Support at 167.75 The hourly chart for TSLA highlights a crucial support level at 167.75, reinforced by the 50% Fibonacci retracement, marked in yellow. This price area acted as a support twice, one time in May 10, and another one in June 11, indicating its importance. The purple ascending trendline suggests a potential upward movement if the support holds. However, the resistance level at 186.88, marked by the black line, must be closely monitored as it has repeatedly acted as a barrier to price advances. Daily Chart: Congestion and Key Levels On the daily chart, the congestion zone around 167.75 is evident, indicating a period of price consolidation. This congestion area suggests indecision in the market, often preceding a significant price move. The key resistance at 186.88 aligns with the hourly chart, making it a crucial level for us to watch. A break above this level could signal a potential breakout, while a failure could lead to a retest of lower support levels. The 186.88 level is a significant resistance point. A break above this level, confirmed by strong volume, could indicate a bullish breakout, providing a potential buying opportunity. If the support at 167.75 fails, the next significant support level is at 138.80, marked by the black line. This level should be monitored for potential buying opportunities if prices decline further. Key Considerations - Support Holding: The double support at 167.75 has shown strength. Its ability to hold in the future will be crucial for any bullish scenarios. - Breakout Potential: The congestion and repeated tests of resistance at 186.88 suggest a significant move is imminent. We should be prepared for a potential breakout or a sharp move downwards if resistance holds, and if its price misses the short-term support lines seen on the hourly chart. Conclusion The TSLA charts suggest a period of consolidation with critical support at 167.75 and resistance at 186.88. We should closely monitor these levels for potential trading opportunities. A break above the resistance could signal a bullish move to the $206, while a failure to hold support might indicate further downside. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “ To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate. ” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
TSLA : Big Resistance Ahead ? (READ THE CAPTION)By analyzing the #Tesla stock chart, we can see that the price has once again reached the supply zone at $185 and has been unsuccessful in breaking through the resistance. For this reason, our previous analysis remains valid. We need to see when this decline will finally start! The supply zone is between $191 and $206, and the bearish targets for this stock are $168, $153, and $139 respectively. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
NASDAQ:TSLAShort
by ArmanShabanTrading
4
TSLA : its now or never!TSLA is coiling to make a large directional move. The Question is...up or down? With August appraoching quickly, this could be a key pivotal shift in TSLA business model Once they announce their ROBO - TAXI, this could be a huge winning success for the company and stock . A ROBO - TAXI could be a mega disruption for many sectors and companies. I think theres a strong chance that investors are going to start bidding up this name ahead of that 1st week of August in anticipation of the massive launch. Keep in mind with every new launch comes hiccups and capital expenditures so its not always smooth sailing. Lets face it though...no other company has attempted this yet and if anyone can have success it would be Elon. I also think now that Elons pay package has been approved, he really is incentivized to grow this business. Will his Optimus Robot be the new taxi, uber or Lyft drivers?
NASDAQ:TSLA
by Trading-Capital
12