TSLA: At Critical Resistance (~$208)TSLA hit critical resistance at ~$208 today and immediately sold off, finishing the day just under at around ~$207. If it can get above
this critical zone and flip ~$208 from resistance to support than we might have already seen the bottom on TSLA. Broader market
trends do seem to be taking hold and a pullback is long over due at this point. A number of factors could trigger a short term sell off
but in general we can expect price action to really take off once the market decides what it is doing in the short term. TSLA price action
looks to me to be following a fairly predictable path, as shown above. We get a push up, followed by distribution, capitulation and
that usually leads to a further push up, once all of that has played out.
Tslaanalysis
Tesla -> Breakout And New RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that as we are speaking Tesla is now once again retesting previous weekly resistance which is turned resistance again at the $200 level.
However you can also see that Tesla recently broke out of a quite nice flag pattern, which in this case is a bullish continuation pattern - Tesla is also creating weekly bullish market structure so from here I simply do expect a break and retest of the current resistance and then more upside potential.
On the daily timeframe you can see that Tesla stock is again retesting also daily resistance, so from here I am also waiting for a breakout before I then do expect another quite strong daily rally to retest the next resistance level at the $240 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
TESLA STOCKSWaiting for retest at 125$ zone.
Tesla might go rocket at 330$. This idea base on my own analysis on chart only.
This is not a financial advice.
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$TSLA - ELLIOT WAVE SETTING UP W/ Bull Flag Setting up This is a weekly chart of Tesla setting up with a very bullish F Flag. I applied an Elliot Wave on top which shows that its 2nd Wave is completed with ABC local waves also completed. This marks the start of a 3rd wave which is also the longest wave.
Tesla -> Bullish Continuation PatternHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla just recently retested and rejected a quite nice support zone at the psychological $100 area which was acting as support.
You can also see that over the past couple of weeks, Tesla has been forming a quite obvious weekly bullish flag, which is normally a continuation pattern, so I am now just waiting for a break above the resistance trendline and then I do expect another bullish rally.
On the daily timeframe you can see that Tesla yesterday retested and rejected a quite obvious previous structure level at the $190 area which was acting as resistance - I am now just waiting for a break and retest of this level before I then do expect also a daily rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
TSLA are you rdy for short after long?Tesla company, fraudster, man of history
A note for American shareholders, the stock of this company is on the rise, but it will see only two targets, then it will fall, and I will announce the targets.
The first target is $237.40 after the failure of this area, which will be broken because the crypto market will be bullish and Elon Musk's company's shares are in line with this market, he will see the next target and then the fall of $313.80.
After the second target, my suggestion to American shareholders is to sell Tesla shares because the price of this company is not the numbers you see.
bull flag on 2hr Chart of $tsla target $200reviewing the 2hr time frame I have a Bull Flag set up with a price target of $200.00
there is a bullish cypher set up w/ price action currently near B leg, which is currently acting as resistances. I anticipate price action to return to C leg of the bullish cypher which I have at $200.00
I've already done a weekly Technical Analysis on Tesla with a projection of $310.00, the $200.00 price target is for short term trading, but this is also a good entry point for a long term hold.
On the weekly chart, there is a Cup/handle pattern that needs to breakout above $215.. See below the weekly chart for $tsla
We Like TSLA but Stay Away from it Now !!Technical Analysis:
- TSLA is doing a WXY structure where the wave X in blue is in progress
- We expect that the correction will end when wave Y in blue will be completed at around 130 ~ 140
- WARNING : The invalidation level in green can not be crossed but if it's crossed then TSLA will go into more down side
- TSLA H1 and H4 Right Side is turning up. So we expect that the near term will extend higher
Technical Information:
- If you're a swing trader , don't buy TSLA now
- You must wait for the correction to be completed in wave Y in blue
Tesla (TSLA): Potential short swing tradeTesla's share price has made a mediocre attempt to rise above $180, yet Friday's bearish engulfing / outside day seems to have different plans. The fact the candle occurred on high volume following a bearish RSI divergence suggests it may have reached (or is close to) a swing high. Furthermore, the reversal candle has formed around the monthly pivot, 61.8% Fibonacci ratio and 50-day EMA and just beneath the 100-day EMA.
- Bears could fade into moves within Friday's rally to anticipate a break of last week's low
- Alternatively, wait for a break of last week's low to assume bearish continuation
- The lows just above 150 make a viable target for bears, with the potential for it to close the gap or test the monthly S1 pivot
TSLA and some good looking gap fills On Tuesday April 18th sellers gained control of the price due to an unfavorable earnings report and over the next six days they push price from 180.05 to 152.37 thus creating technical damage in the stocks chart and the gap to form between 180.05 to 169.70, a $10.35 gap. The stock lost multiple key intraday levels during this technical breakdown including the 50 SMA and the 21 EMA on the daily chart price then began to consolidate under the 166 level for 10 days before breaking out on Thursday May 4th with 69% of its relative volume. Durning this breakout it reclaimed the daily 9 ema which is the first demand level for price action according to my strategy once its confirmed. Price put up a high of 170.06 & closed in the top portion of its range resting directly beneath its daily 21 EMA which is the second demand zone at 170.19 according to my strategy. If price rejects the daily 21 ema and the demand becomes supply, I will look to target the daily 9 EMA supply at 163.07 with confirmation for reversal upon the close of a candle and volume. I will look to either bounce at the 159 for a new run of the levels to the upside after the fake flush of the daily
9 EMA or a real flush of the 159 level and the downside gap fill beginning at 152.37 to 146.50. This gap was created on a favorable earnings report back in January 24th 2023 resulting in a gap to be created from 146.50 to 152.37.
The RSI is curling up looking to confirm its moving average and the macd is curling up to confirm its moving average on both, a 2 day chart and the weekly but both are still in bear territory. sorry for the audio
15 min timeframe short ideaAfter rejecting the over trend of TSLA it's formed a H&S that's text book. Clear h&s with bearish divergence on the MacD and in a downtrend. Pretty easy and self explanatory. As always there's two, or you can use three TP, the first TP is the completion area of the H&S, second would be the closest gap fill/support area, third you can hold until the overall .618 or .886 fib levels.
Is this why TSLA is starting to increase car model prices again?When you take a look at this green trend line of 300 days which is starting to point up comment makes you wonder why Tesla has started to slightly increase certain car model prices. Do you really think Tesla has internal technical analysts to determine the points at which to start increasing the car model prices? It might be hard to think but the timing couldn't be more impeccable. NASDAQ:TSLA
It would be tought gauge stock price direction of TSLA as markets could be unpredictable with todays banking halts. How bad could it get?
TSLA Weekly Outlook Which Gap to Fill | NASDAQ at Key Resistance- TSLA trading in between 2 large gaps
- which gap it will fill will likely be determine by which way NASDAQ will move to
- NASDAQ & SPX closed right under Key Resistance
- if we fill the above gap then we are looking back at 186 resistance
Lower prices ahead for TSLAYou can see the oscillators are wanting to reset and converge on the weekly as well as the daily after making yet another failed higher high. If we were treating this Elliot wave theory then we are in the B phase of the 3 count. This could make a same low as previous or go to the overall .886 fib level of the chart before making some kind of bullish divergence on the oscillators and finding bids at a more fair value received area. Watch the key levels and don't FOMO. We all know it won't be a straight line down and TSLA has wild swings. Good luck and be safe, lmk your thoughts below! All consecrative criticism is good criticism as long as it's backed with TA!
TSLA Is Very Close To BounceTechnical Analysis:
- Tesla(TSLA) is now doing a WXY correction in blue. We expect it to be completed the wave ((2)) in the next 1~2 days
- TSLA must find the strong buyers at around HKEX:150 - $155 where we like to buy
- TSLA can't cross the green validation level in order to support higher bounce in wave 3
Tesla Right Side
- H1 right side is turning down
- H4 right side is turning up
Technical Information:
- Don't sell TSLA now
- Wait for wave ((2)) to be completed in 1~2 days to buy
$310 Target near the .618 extension reviewing TSLA weekly Chart, I can see a price target of $310.
1) First $tsla needs to get over $215
2) there was a bearish Harmonic Bat pattern that sold off from D leg, and retrace to the 1.618 fib level extension. Notice price action bounced off from that level, and formed a based untl it hit resistances .382 fb level, and currently is resting at the .236 fib level.
3) If market rallies over the next few months, and tesla closes above $215, price action is likely to retest D leg which is above the .618 extension. which I have as my target $310 area.
4) the .618 extension which is a resistances level (D leg sold off) would then become future support if the overall market is still bullish
5) there is a base formed on the weekly, the handle isn't true or confirmed. It wont be until a breakout above $215.. Many experience traders will attempt to get in front of this trade, but expect volatility
Also there is an apex forming by the AD, however it will take a few months to complete likely near end of 2023 or early 2024
TSLA Tesla Options Ahead of EarningsIf you haven`t bought TSLA here:
Then analyzing the options chain of TSLA Tesla prior to the earnings report this week, I would consider purchasing
Puts with a $183.33 strike price and an expiration date of 2023-4-21, for a premium of approximately $6.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
TSLA Earnings Report Price Action breakdown | Weekly Support |- NASDAQ:TSLA Weekly support $163.91
- currently a 15m bear flag after hours after earnings.
- now in a daily down trend
- next strong support zone in the $166s
- im currently not in the stock my after breaking out of the equilibrium (teal looking wedge) its favoring the bears at the moment.
Is TSLA Ready To Pump??Technical Analysis:
- Tesla(TSLA) is now doing a WXY correction in blue. We expect it to be completed the wave ((2)) in the next 2-4 weeks
- TSLA must find the strong buyers at around HKEX:150 - $155 where we like to buy
- TSLA can't cross the green validation level in order to support higher bounce in wave 3
Tesla Right Side
- H1 right side is turning down
- H4 right side is turning up
- Weekly right side is up
Technical Information:
- Don't sell TSLA now
- Wait for wave ((2)) to be completed in order to buy