$TSLA bulls keeping the TSLA alive!$TSLA holding it own this morning, keeping the momentum up just above $200 level. tesla must stay above the $190 to $200
to continue its momentum to upside. no new catalyst for tesla except the anticipation of the new tesla model 3 which still no
further announcement. also Elon Musk face class action lawsuit from shareholders, overstating the effectiveness and safety of
the company's autopilot and full self driving technologies.
below is the price level I'm looking for $TSLA:
TGT average price move per day is $7-12 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entry and exit for TSLA:
Buy call above 209.26 and sell at 211.73+ or above
Buy puts below 204.17 and sell at 201.52 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
Tslaanalysis
Tesla Time To RetraceHere Is My Study on Tesla Chart. Is To Much Extended. I Think Its Time To Retrace a Bit.
This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this analysis is based on my own research and is subject to change without notice. The analysis is not a recommendation to buy or sell any specific cryptocurrency Stocks Or Forex, including This Pair. Please conduct your own research and consult with a financial advisor before making any investment decisions.
TSLA setting up for a pull back?$TSLA slightly pulls back after soaring for couple of weeks. this pulls back is expected and it might setting up for another pulls back or consolidate
if needs to cools off. TSLA bulls needs to hold the 190 level or bears might gain some momentum here to break below 190.
no majors news to push the TSLA except the analyst upgrade to buy rating.
TSLA average price move per day is $7-$13 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entries and exit for TSLA:
Buy call above 203.31 and sell at 205.90+ or above
Buy puts below 196.61 and sell at 194.50 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
Why you should get out of your TESLA Long positions soon TSLA has been on the rise from the beginning of the year with a wave of optimism. It bottomed out at 104 and has risen to 218. If you were fortunate enough to get it at that price, perhaps it is time to think about closing your long as the market looks like it will come down again.
1) The Daily RSI is overbought
2) The H4 RSI is overbought
3) There is a lot of H4 RSI divergence
4) The S&P has topped out at around 4180 and heading lower
The reality of another round of rate hikes in March (Perhaps another 0.5%) has also spooked the market. Inflation isn't abating with the last one being at 6.4% which was higher than the Fed and market expected so don't be surprised if we see a few weeks of weak stock market movements.
As for me, I will go short on the stock with stop losses above 245 and aim for the 100 barrier.
Will Testa stay above 200? Hmmm...Like all stocks, also Tesla recovered strongly since the beginning of the year, and, in its case, this recovery is, in fact, a doubling of its value.
At this moment the price of Testa is 208 and, one may wonder if it will continue its rise.
Leaving aside this extreme optimism since the start of the year and getting back to Earth, there are no fundamental reasons for continuation.
Technically, this zone is very strong resistance and even considering only profit taking we will have a ceiling in this zone (100% gains in 2 months is immense as a return)
In my opinion, Tesla will roll back down, and is more probable from this point to drop to 150 than to rise to 250.
Continue, Pullback or Markdown PhaseI feel that TSLA is in or heading into correction. $214 pullback, continue or correction. Original Thesis was $234-$238 Correction zone with Pullbacks and gap fills before big Correction.
This would also be a great BullTrap so that Wall-street can bank on the $200 Call Options this week.
*TSLA is STRONG, The Markets have been Rallying but there are Warning signs that we are in or going into correction.
Bullish Thesis Continuation idea: this is a set-up for impulse move to $223, pullback then or continue to then $238 & gap fill with big sell-off
Lots of TSLA Events coming up which is bullish for next couple of weeks
*Pullback/Correction Idea:
Measured Moves: Extension and Retracements are matching. Extension: 2 Retracement 0.618
Date Range from capitulation event to now are equally measured.
If $215 is broken then TSLA can continue to $223 for wave 5 and correct (Bullish Final Move Idea: this is pullback for pop to $223 and pullback)
If TSLA stops here and the Markets Correct then this could be the set-up for Pullback or Correction. (possible sideways trading for next 2 weeks)
*Daily Volume is showing only Buying - Small Time frame is showing Steady Selling and Impulsive Buying with Automatic sell-off. These are signs of Wyckoff Distribution Phase. *** Pullbacks being bought up are Strong Bullish signs* but TSLA Price has Moved up only 6% in 10 days...on large volume, so distribution is happening, amount of effort to move price is becoming harder to maintain price markup...but is it in correction mode yet is the question.
TSLA can still go higher to extend Impulsive wave 5* currently Wave 3 and 5 are of equal distance which could represent end of Markup. note:I am not an Elliot Wave Expert*
Bearish Sentiment:
Greed is strong
*Seasonality- Markets tend to Drop off Mid February
Vix above 20
us 2y, us10y, dxy,vix all breaking out.
Divergence of NYSE ADV/DEC
Current Sentiment: Bearish* Drop here or possible Upthrust to $223 with Hard-sell below $200
Let me know what you think
$TSLA pull back is a bear trap?$TSLA soars after beating the eps couple weeks ago, along with the market bounce from inflation data and other news.
i think this pull back is a must to cool off after soaring almost 100$ in a month. daily chart rsi shows its over bought and
4hour chart show its entering the squeeze zone. but the momentum of tsla still looking strong for now until the higher time
frame breaks below moving average.
TSLA average price move per day is $7-$13 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entries and exit for TSLA:
Buy call above 200.60 and sell at 204.90 or above
Buy puts below 192.09 and sell at 188.06 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
Tesla + Trade Setup
I think that this share is in an upward trend.
Currently, the ascending wave 3 has been completed and the share is in a corrective A B C trend, in this A B C wave A is completed and we are building wave B, wave C will be much bigger and faster.
Trading tip: Personally, I will trade wave c, and the return point or trading target may be a little lower than the parts specified and a candlestick with a very long shadow will be formed. As a result, I will do the opposite transaction with more patience and at the bottom of the shadow.
General conclusion: This share has a lot of growth potential and the best point of selling and exiting the entire share is as follows: 35% is at the price of 3150 and 65% is around the price of 9000 to 1000 dollars.
Warning: This analysis is valid until the previous ceiling of $410 is completely broken with a powerful candlestick. If it is not broken and the double ceiling is formed, scenario 2 will be activated, which I will definitely update at the right time.
In any case, the transaction up to the previous limit has a low risk.
Be successful and profitable.
TSLA spicing up - but important to be cautious Hi Guys thought id put out this idea.
Just for educational purposes & also my dad owns TSLA (majority of which he bought at higher levels) so i did this to see if i can advice him a bit with my limited knowledge, safeguard some of his capital.
But alot going on in my snap shot
Lets start from price action to indicators.
Firstly, in my opinion real bullishness in terms of major trend would be price action against the major red trendline that originates from Nov-2021 and ofcourse taking out previous highs. Which we are no where near.
So currently we've made huge recovery and that Red hammer candle from 1st week of Jan could be the bottom at least for now. If we close tomorrow with this engulfing candle, that would be real good.
We are however getting close to 2 major MA i follow. The 200SMA and 21EMA for longer timeframes. With how macro shapes out, ie. how the Fed moves and overall strength of broader markets like SPY, DXY, this could turn to resistance. Keep watch.
Im also liking the volume spike (last time we had these levels were in march 2021) and the decent sized wick of the hammer candle showing maybe bottom buying? That $100.00 level is a nice psychological level.
Just note, if things turn to more negative news, not much structure holding us up under $100.00 if we re-test and we could go down to $60.00
Now indcators:
1st - Is the RSI - WE bounced up from major oversold conditions and broke through our intermediate red trend line that has been bearish since 09-2022. We've moved above the MA of the RSI which is nice, if we stay above we can keep moving higher in prices, provided we make higher highs and higher lows on this indicator. We are now battling the yellow major major trendline that dates back from 11-2021. If we can confirm and it become support, thats a great sign.
2nd - MACD which is a momentum indcator. As you can see bearish momentum is decreases as shown by the yellow sloped line. AND we are getting close to a cross, if it crosses thats bullish. And adds to uptrend momentum.
3rd - Is the Stoch RSI which is also a momentum indcator - We are currently crossing above the 20 level which is indicative of bullish momentum, however we havent closed it yet. If tomorrow we are above the 20 level and we close the weekly above. That is great sign.
Conclusion:
The green highlighted area was a nice place to buy shares. If you did Kudos to you, my dad did as well to decrease his average cost. I would say however, don't be stingy. This could be an area to sell some. If i was holding i would absolutely take profit. As we must also consider overall macro situation and are still in a bear market.
This is not financial advice. I am not a financial advisor.
Hope this was insightful. Please do comment and let me know what you think. Please correct me also if theres any mistakes. As this is for educatinoal purpose. Thanks.
TSLA Re-Accumulation/DistributionTSLA price swings are signs of accumulation/distribution. Weakness in small time frame / Strength on Daily - this is either correction or liquidity grab into next move up
$190 support - Weakness under $188, $182 is LPS
*1hr support 21 EMA Resistance 8ema
*5ma Daily Support
Weekly anchored VWAP: $188
*1hr indicators are showing triple negative divergence
Powell could be the catalyst to push markets & Tesla into correction territory
*Options - $200 weekly Call Wall Wallstreet max pain will be between $188-$190 (this changes daily)
Weekly expected move: $207 high $197 low
Intraday: 2/7 (Bearish)
Trading between $198-$190 then $188-182
I was expecting an upthrust to $200-201 for a liquidity grab before correction... still possible, but 1 hr. bullishness is weakening
current bias is bearish for the short-term. *above 201.8 I can see this going to weekly highs
*Pay attention to Volume of Selling and Buying - Buying Volume is still larger* Low Volume Sell-off is a sign of re-accumulation
TSLA Opened above previous candle so I took a bullish tradeI moved my stop accordingly, the stock closed above the high from the previous candle, Got in at 10EMA bear candle closed above so i went long. I gave it the ‘newsome nudge’ after price almost hit my target but was not ‘paytient’ enough to have my holding muscle long enough. Glad i was green for the day :+1::skin-tone-4:.
2.57R:money_mouth_face: for the day.(‘if i held long enough’ i would have been up more). But I'm glad I my analysis was correct! The goal is to win more than you lose.
Tesla -> The Bulls Are Pushing HigherHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Just a couple of weeks ago Tesla stock perfectly tested and rejected a quite strong previous support zone towards the upside.
However this bullish move of about 80% is still not over yet in my opinion, since we still have some room towards the upside until we retest the next resistance area.
From a daily perspective I am now just waiting for a short term retracement back to the previous resistance zone which is now turned support, then I will wait for some bullish confirmation and then there is a high chance that we will see the next weekly push 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 at weekly resistance. A pullback expected.TSLA hitting a weekly resistance here. A pullback is expected here even if the momentum is there to break it in coming weeks.
In case of pullback from the current weekly resistance, price should find a support here and continue its upward journey from here. The probability of this scenario is very high.
If the price breaks the first support then the probability of this monthly support holding the price is extremely high.
TSLA Re-Accumulation to Big DistributionTopping reversal candle on the 4 hr. I see Bullish and Bearish scenarios- * Yes Tesla can go to $180 first, it has to happen before Wednesday
Bearish- pullback and double top , Rising Wedge or complete breakdown from here.
Bullish-continuation on new support trend-line past $200… to confirm V bottom recovery (Tsla is one of few stocks that will be green while Markets go red)
*** everything dependent on Markets to confirm Bull cycle or to fade the rally and begin the Final leg Down of Correction.
My Thesis,( until price action delivers a different scenario)-
I’m leaning Bearish, but with a possibility of higher high along with Bearish Divergence confirmation. Just to accumulate more retail liquidity before February selloff -Smart Money began buying in December- taking profits in February lines up with lower Tax on gains and portfolio rotation
I believe economic data or FOMC will maintain hawkishness and rug-pull the markets next Wednesday.
Macro Data:
- NYSE advance decline is supporting weakness in markets
-Retail & Smart money are completely divergent
-Put/Call ratio beginning to favor Bears
-Vix bullish divergence setup forming
-DXY, 10yr & 2yr bond yields are all rising with markets
-HYG Bonds are falling while markets advance
-Retail influx & euphoria is at highest level since 2021 & 2022 August high (LARGE SELLOFF)
- Feb & March seasonally are sell-off & Volatility spikes until April
***Everything is pointing to a Large pullback or “The Final” leg of Bearish Correction
TSLA $ SQUEEZE we about to have huge test around this level (180$/200$) if we break that level we have a bullish reversal for Tesla and going towards the 230$ and then 313$, if we got rejected we have to hold above the 150$ in order to confirm that we dont have a sell off then bounce from our ascending line and try again to break that level .
Tesla Analysis 26.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Short-term Bullish Breakout attemptTSLA broke out of the falling channel with back test today-and could be attempting a 16% measured move up to fill the gap around $137.
*There will be resistance between 124-128.
If..IF Markets maintain bullishness we could see Tsla Move Towards $161-168 area, which coincides with: ~ Previous Support + 200WMA + 0.618 Golden Fibonacci Retracement, before moving back down to complete accumulation bottoming pattern.
Data to keep in mind:
THURSDAY: **CPI data expectations where just changed this morning - expectations of -0.1 instead of 0.0
JAN 23rd. *Earnings expectations are bearish
Protection Ideas:
if bullish pattern plays out - sell Early Feb $140 Calls to protect position
Pattern Failure: Close Below $108 (you could set a stop loss at $117 - Tsla may want to fill gap at $114 first or test 110 area
*** I do not believe the Markets are primed for THE Bull run yet (soon.. not yet) ... New Lowes are coming in Feb. Just an opinion..
Good luck & let me know what you think or if you have any good trade set-ups you want to share or discuss.