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
Tslaanalysis
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!
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Thank you for watching and I will see you tomorrow!
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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.
TSLA Downside Reaction AreasWith TSLA falling off a cliff and approaching the 100 handle I thought I’d share what my trade system and methodology says from a TA perspective.
TL:DR
I really should put this section here, but I know most are lazy.
97 – key reaction area
79 – PAC key level
44 – this level or so is the first test of the inflection area and would mark 1st crisis test for TSLA
The setup:
We could use the daily chart but in most cases, using the 4D provides the best probability in reaction areas and zones.
In OCT 2022 when the chart officially gave up the RDA (RexDog Average) TSLA officially turned BIAS short. The next bar it turned momentum short. From that point on it has adhered to all bias and momentum checks.
Of note is the mixed 200 AVG is still green. This one factor might be why it’s good to start looking for potential downside reaction areas. These reaction areas will most likely result in upward impulses to either momentum or bias checks that will ultimately fail.
Downside Areas:
The first obvious downside area is right around 97.00. This is the obvious key 4D level from JUL 2020 or so. It was the final momentum check before TSLA had the first momentum run and ATH of DEC 2020. That resulted in an RDA bias check that held and ultimately created the new ATH to 420 or so, ELON pun intended.
The PAC
The JUN 2020 PAC is a major inflection candle that I would expect if the price gets to this area we will see some upside reactions and even some value range creation. The 78 level of that PAC is critical to hold for any serious upside in the first few quarters of 2023.
Also of note is the extreme band of the RDA is sitting right at 59. This is the upper level of the important Value Channel (20-60) that on this chart shows is the launch area for the last few years of price action.
Generally, I look at these areas as areas of what I call “crisis.”
You can see them as a price crisis or viability of the brand, company, idea, or market. Just about any chart you pull up, you can outline the crisis areas, typically, there are 3 before a chart enters what is called the mature phase. The mature phase is where the company or chart becomes part of society and the ecosystem as a whole. Think IBM, Boeing, etc.
Any questions or if you want more clarification ask questions on this idea. I’ll keep it updated as time goes on.
#TSLA Big Heads have big Shoulders. The weekly chart on #tsla has formed a massive head and shoulders. you see the high volume enter the left shoulder, then the depreciation in volume another smaller volume but higher price making the head, and the lowest volume right shouler, followed but some nice volume.
*can bulls hold? it is a musk company, tis the season and all. But this big head here does not look Bueno! good luck traders, im looking for low volume in premarket sustained after open, and possible long put. no entrys or exits because ill be observing as data comes in.
Tesla Analysis 18.01.2023Hello 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:
Musk's LAWSUIT and CRUDE OIL BULL?OIL (CRUDE/BRENT):
Oil edges higher start of the week with an "optimistic demand outlook".
- Chinese central bank says growth is back on track.
- WTI (type of crude oil) climbs above $74 a barrel
Factors of reason oil have risen:
- Investors weighed the outlook of China's demand recovery.
- Weighed outlook on the prospect of less restrictive monetary policy from the US.
- West Texas Intermediate futures (WTI) climbed above $74 a barrel after ending 8% lower.
- The Federal Reserve may lean toward smaller interest-rate rises after wage growth cooled.
Why oil has had a weak start to 2023:
- forward curves signal ample supply and thin liquidity leaves futures
- provides high wild swings
- top hedge fund manager Pierre Andurand saying crude could exceed $140 a barrel this year,
if Asia fully re-opens after Covid-related lockdowns.
Key Price levels:
77.35
73.75
70.50
Crude OIL 4hr Chart:
- Double Tap Pattern
- Creating LH
- Needs to break 70.50 to show the continuation of a bear trend, creating
a LL
TSLA potential bear trend this week factors:
- Elon cites ‘local negativity’ around Twitter layoffs
- Trial over Musk’s 2018 take-private tweet slated for Jan. 17
Factors for bear trend:
- Elon Musk wants his upcoming fraud trial with Tesla Inc. shareholders moved out of San Francisco due to thoughts that
jurors in the region will probably be biased against him because of recent layoffs at Twitter Inc.
- Investors suing Tesla and Musk argue that his August 2018 tweets about taking the electric-car maker private with “funding secured”
were “indisputably false” costing them billions of dollars by spurring wild swings in Tesla’s stock price.
Factors for bullish:
- Musk has maintained that Saudi Arabia’s sovereign wealth fund had agreed to support his attempt to take Tesla private. (The trial is set to begin January 17.)
TSLA 1HR CHART:
- Not Creating new HL
- Creating new LL, shows a still ongoing bearish trend.
- Show key price level of $105
Tesla Analysis 08.01.2023Hello 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:
Let's talk about Elon & Tesla...Happy New Years people! 🎇 🎉
Starting 2023 off with another one of our Nostradamus style predictions. 🔮
Since Elon's massive selloff, speculation around Tesla has heated up.
So we figured we'd throw in our two cents...
Looking at the Tesla and SP500 daily charts here, we can see a few potential scenarios playing out.
We've mapped some key levels; the major 2020 support of $60, the $80-$120 zone it recently dipped into, and the bounce zone of $130-$160.
After the Elon-induced selloff, we saw a very nice bounce with 3 green candles last week. Definitely some short-squeezing taking place before years end.
This bounce can easily make a run back up towards $130 if we see a sustained pump across equities. 📈
Of course, which direction Tesla will move in the short-mid term depends on the stock market as a whole. That's why we included (as always), the SPX.
We can see a clear bounce off the top of the channel on the SPX that took place in early-mid December.
We've crabbed along the last week or so, and our gut tells us a broader sell-off might be incoming in Q1. 📉
If you're a long-term older of Tesla, setting up a dollar-cost average grid on the way down in that $80-$120 zone, might not be a bad idea. 💪
Especially if we really nuke down towards the $60 major support.
Long term we are VERY bullish on Tesla and all things Elon, but we might see some great buying opportunities here in 2023.
Eyes peeled.👀
-TucciNomics
Chief Overlord, AlgoBuddy
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.
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:
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.
If you enjoyed my TA, please send a boost my way and comment below :)
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!