Tslaanalysis
Tesla Analysis 31.12.2022Hello 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.
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TSLA Bounced Off Support! What Next?The last time we made our Tesla chart, we were in a downward channel and expecting a bounce off support. It has since fell through that but looks to have found support at the $111 level.
Looking at the weekly RSI, we can see TSLA is at the same level it was at in May 2020 before it had its huge run (oversold). This, combined with the bounce off weekly support at $111 leads me to believe we could be at a reversal point for TSLA.
The next major resistance points are $128 and the bottom of the channel at $138. If we can break back into the channel, I believe $190 is highly likely. If we break back below support, then $92 is the next major level I'll be buying at.
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TSLA Reversal $we broke from our bullish flag , which gave us a change from our bearish trend, we've got a resistant to over come to continue that bullish momentum around the 123$+, to go towards the first poi taking 136$, and then the 167$.
on the other hand if we didn't over come that resistant around the 123$, we going to test our support above 114$, if we didn't hold it , we going to see continuation for the bearish momentum till the bottom price above the 91$.
Is TSLA coming back on track?NASDAQ:TSLA
My TSLA forecast was a bounce from 159 and, if failed, from 108. I started to collect a long-run position at 159 and bought the 2nd batch of stocks at 108. My risk plan includes the possible price fall to 50.50 with 90 in between Itechnically) - Jan'02-23 will showcase which direction TSLA will move next Q1'23.
Overall, I think TSLA is bottoming. I placed my 2 general visions of next TSLA price moves based on my TA.
TSLA REBOUNDS OF 105!!!!TSLA having a massive buy presence in the premarket this morning. Could this be a sign good things are coming? I think not, over the last 5 trading sessions TSLA dropped a eye watering 21% !!!
Here are some factors of why TSLA has declined a MASSIVE 72% this year :
Inflation -> Fed tightening -> Risk-off assets looking more attractive
Elon has sold $23bn worth this year alone to finance the twitter acquisition. If advertisers continue to flee, he will need to sell more to finance debt payments from LBO.
He has pledged not to sell anymore till 2024
There have been large concerns from major investors around Elon's time commitments as CEO given Twitter acquisition.
Fears of a global recession next year are causing concerns around luxury car demand. Consumers will be reluctant to spend $80,000 on a new car with used car prices tanking.
No $30,000 Tesla car yet.
Concerns about Chinese demand given COVID cases and lockdowns hurting demand for luxury vehicles.
No wide FSD rollout, No Cybertruck
Ouch......
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TSLA is having quite the move down atm. Coming up to an area of confluence though and Ill be curious to see if and how it reacts to this area for some clues. If it is an Elliott wave extended 5th wave it will be heading down quite low... but again, need some more TA printed before the official dooms day call.
CHEERS!
Possible TSLA targetWhere is TSLA headed?
Well, if we look at the longterm weekly timeframe, we can nicely see an Eliott-wave like structure, with 5 waves up, and now it's quite likely we get a classic ABC type correction.
A very likely target would be the .618 fibonacci level, which is, as you can see from my previous TSLA analysis, also the point where TSLA likes to find support historically.
Therefore I think this is a multi month correction, and we will see the low sometime in summer this year at around 380 USD.
If it will happen like this, it will be an epic entry point for longterm holding of TSLA stock.
TSLA Tesla: Price ConcernToday you can review the technical analysis idea on a 1D linear scale chart for Tesla (TSLA).
Tesla is below a major Support and Resistance Line and now the price has the potential to fall to the $167-$170 range where there is major support. Anything is possible in these markets but the trend is your friend and currently the trend is heading lower.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
Tesla Analysis 20.12.2022Hello 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:
TSLA at Support! Will it Bounce?Looking at TSLA on the weekly, we can see it's still in a downwards channel but has a high possibility of bouncing here. Let's look over a few things:
1. It's at the bottom of the channel which it's been in since Oct 2021
2. It's also at horizontal support of $150 that was a key level back in Sep/Oct 2021
3. The weekly RSI is almost oversold and hasn't been this low since June 2020
All of the above signs show a good R/R level for buying or at least starting to DCA here. If TSLA bounces here, I'm looking at taking profit at the $190 level. If it continues to fall, I'm looking to DCA more at the $129 level (next area of major support), followed by $111, $92, $62, and $24 respectively.
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TLSA bears in full swingtsla boys about to get rekt it seems. moreso than they already have. lots and lots of hate out in the world for Elon at the moment, i think perhaps tsla will become a target since twitter went private and no one can short it. tsla is going to have rough times with the world moving to EV but ignoring the market leaders. seems suspicious as to why that would be the case, esp since his hands have been held by the alphabets the entire time. questionable at best but its not hard to see more downside for this asset at best. will follow the market if the market as a whole continues to downtrend. taking out the lows is positive for the bulls, but if momentum continues to wayne and elon continues to be targeted then more downside to come
Tesla Analysis 04.12.2022Hello 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: