Tslaanalysis
Upside weakening or consolidation?The last two days of this week we have seen a hesitant push with a bullish sentiment.
Hesitant because of the sluggish price movement to the upside.
Friday retailers were waiting a pullback in price that did not materialized further squeezing shorts and yet the squeeze did not have the necessary strength to force the bears to cover.
My expectations for Monday morning as price action stands now would be for a continuation of the upward movement or even a fake out to the upside.
TSLA can climb as high as 303 and this might encourage buyers to push to the 314 mark.
I'm speculating on what might happen here, price action will tell us what really is going to happen.
If we do se the rejection or expected pullback for healthy continuation expect price to drop to 290 and maybe a bounce at this level. If we are unable to hold this level then 284 and 279 will be our targets.
TSLA is very promisingTESLA has been in a trading range since the beginning of January 2022 after a massive uptrend started at the beginning of 2020.
inside this trading range, TSLA stock has been a small rectangle for the last few weeks.
a breakthrough that range will signal a potential long position taking for investors.
Buying the Tesla breakout!Tesla - Intraday - We look to Buy a break of 315.11 (stop at 302.98)
The primary trend remains bullish.
Short term bias is bullish.
Daily pivot is at 314.67. Short term momentum is bullish.
A break of the recent high at 314.61 should result in a further move higher.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 344.98 and 349.98
Resistance: 315.00 / 320.00 / 330.00
Support: 305.00 / 300.00 / 290.00
All of our stock trade idea expires in 30 days.
Daily chart for context
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
$TSLA Upside (Pending)$TSLA, is eyeing to test some important levels in the next few days and is looking like the momentum on Oscillators is starting to pick back up and will try to power through. If it can break through and successfully back test $313 range and HOLD, we have some blue skies to $330 and possibly higher. The opening tomorrow will give us an idea where we are headed.... What do you guys think? We busting through or getting slapped in the face?
Sell-off Exhausted | TeslaUS markets (S&P 500 Index +0.3%) ended Wednesday in the green after a choppy session, perhaps exhausting the extreme sell-off sentiment from the previous day. The unexpected result from the US inflation report released on Tuesday had prompted speculation that stocks could start to head back to their June lows in reaction to a more aggressive Federal Reserve.
Tesla (+3.4%) was one of NASDAQ’s best performers on Wednesday.
TSLA’s rise places it back above $300 per share, a territory the stock fell below after Tuesday’s broad-market rout.
Helping TSLA fend off broad investor pessimism is the company’s improving supply chains.
On Monday, Tesla’s vice president of investor relations Martin Viecha spoke at the invite-only Goldman Sachs tech conference. Viecha noted that the company’s battery supply chains are the best they have ever been, and Tesla can now buy all the cells it needs, for both its vehicles and energy-storage products.
Tesla down trend !Tesla broke the uptrend before 2 months and more .
We still under selling pressure .
The green line is the uptrend , the yellow is printed new down trend .
Our top target is 296 maximum
Our down target is 206 and i will study it again after we reach there .
I spoke before that we will have a sort of pull ups due the over sold in RSI DAILY.
Weekly we still high enough to go down more than 206 .
WE ARE IN RESCISSION , Dont FOMO
Good luck all
TSLA Slide ContinuesEarly in the Week: TSLA & IXIC, along w/ the market as a whole have performed poorly the week after Labor Day. With the current market, I expect things to get very ugly this month. I see all kinds of resistance above TSLA's current stock price of $269 and very few things to stop a freefall to $253-$251, which is my current price target where some more serious long term and consequential levels will come into play.
Late in the Week: Watch for option strike pinning later in the week - thursday (9/8) and especially friday (9/9)
Current Option Open Interest Key Levels
Calls:
<265 - 821 or less - very weak
265 - 4,817 SOFT PIN > 265
266.67 - 4,387
270 - 3,941
275 - 3,034
280 - 3,844 HEAVY PIN > 280
285 - 4,473
290 - 5,298
295 - 3,296
300 - 8,994
Puts:
250 - 8,119
255 - 3,259
260 - 3,924
265 - 6,376
270 - 4,235
Tesla stalling? Tesla
Short Term
We look to Sell at 282.85 (stop at 294.03)
Previous support level of 280.00 broken. Posted a Double Top formation. The bias remains mildly bearish but there is scope for a move in either direction at the open. Further downside is expected although we prefer to sell into rallies close to the 282.00 level.
Our profit targets will be 249.72 and 216.00
Resistance: 280.00 / 313.00 / 383.00
Support: 249.00 / 217.00 / 207.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Readjustment of Tesla - Mini double Top formedAs per previous post....
Sign of Bearish Trend
-Magnitude of Downtrend Line B much stronger than Downtrend Line A
-Magnitude of Downtrend Line C similar to Downtrend B
-Momentum of Retracement line R3 much weaker than of Retracement line R2
-Candlestick currently challenging MA200
What retracement R3 are we looking for?
-R1 retrace more than 0.786fib of Line A
-R2 retrace more than 0.786fib of Line B
With R3 weak momentum, seems that candlesticks might fail to even reach 0.786 of line C. A double top already formed at the MA200 line below fib 0.618 as mention in previous post
Now ranging (290-320) where higher volume of trading are involved, shown in horizontal volume indicator(past 270 days). Holders might take a chance to offload/cut loss. A hurdle to pass through.
Stronger Support at 233-250 level.
$TSLA ready to boost production for the split?🔸️Ticker Symbol: $TSLA timeframe: 1 Hour 🔸️2X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: The whole market started to pullback at the end of last week; If we take a look back on $TSLA, we see that the indicators have been spot on with predicting market moves 1-2 days before price reacts correctly to the projections. I have two predictions for $TSLA moving into next week;
1.) We pull back into the 1-hr demand level from Friday; I will be personally looking for the Swing Fail Pattern if we can stay above 877.57; but it is very possible we retest the top of demand at $886.86; if price holds this demand, then look for a run up to the $930's before the split occurs this Thursday (25 Aug).
2.) Price breaks below 877.57, and we continue to our next support level at $855. This is not my favorite setup, as we have money momentum moving back into the market, we have a nice bounce off the bottom of our regression channel, and I will be looking for our middle band to turn green come Monday.
** Play smart on $TSLA, and react to these key levels (bounce at $886 to go long and a break below $877 for a short position)!
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2X $TSLA 1D Tech. Analysis! (DBL TOP/M Formation) (1:4 R/R) TSLA is headed for a downhill ride if this pattern plays out! Some may say a stock split is coming up but that only changes the price the chart is traded at! Do not buy calls unless you are scalping for a day trade, but I am bearish on TSLA based off price action!
2X $TSLA 1WK HEAD & SHOULDERS!TESLA is going to have a stock split, which will probably have the chart trading from the $350 area, but this still doesn't change the price action/technicals of the chart! Look for puts now and sell around these areas! The weekly head and shoulders pattern still has to form but on the Daily and 4HR timeframe you can see a double top forming as well. Tesla stock has been dropping all last week to so this is a clear sign!