TSLA: Crashing! Is there any hope for it?• TSLA is in a bear trend, and it lost the previous support level at $198 (daily chart);
• The volume is quite high, and today, TSLA is doing another gap (yellow square);
• Since the trend is bearish, and it lost the previous support level, in theory, TSLA is heading to the $179, our next support level as seen in the weekly chart (red line);
• The $179 is a key support from March 2021;
• There’s not a single bullish sign indicating that we found a bottom or that we’ll reverse from here – at least not right now;
• If TSLA fills the last gap today or tomorrow, it will be an Exhaustion Gap, and this might indicate a bounce to higher levels, but again, we lack bullish evidence at the moment;
• For now, let’s focus on the $179, on the last gap, and on how TSLA will close today.
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Tslaanalysis
Strong Sell Signal On Tesla For Swing TradingI analyze on daily and weekly chart. Here are the list of indicators that Tesla is going down:
1. 100 SMA and 25 SMA crossover on weekly timeframe. SMA crossover is the first indicator I look for because it is the first indicator to show up.
2. Support line is being break by today's candle from the consolidation in the past month and the support from past few months. You can see my support line in color white in my chart.
3. -DI is above the ADX and the +DI is below the ADX which means it is very bearish. The slope of the ADX also counts. The higher the slope, the stronger the signal.
I'm currently looking for 130-150 for possible support. My first signal to close the position is when the -DI goes under the ADX but I will still wait for further indicators of reversal before taking profit.
📈⚡TSLA is in Buying situation!!! TSLA is in Buying situation!!!
It is searching for its previous resistance (SURELY), 80% of Probability.
And it is searching for the previous resistance (MAYBE).
The Market will show us in next days what will be happening.
So we have now at least an easy money to earn by buying now at 222.03 and taking profit at 257.10
We-are-making-money-TSLA
10/16/22 TSLATesla, Inc. ( NASDAQ:TSLA )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: $642.33B
Current Price: $204.99
Breakdown price: $207.50
Sell Zone (Top/Bottom Range): $211.25-$255.00
Price Target: $182.80-$186.00 (1st), $83.80-$78.40 (2nd)
Estimated Duration to Target: 14-17d (1st), 123-129d (2nd)
Contract of Interest: $TSLA 11/18/22 200p, 2/17/23 180p
Trade price as of publish date: $16.05/contract, $20.10/contract
TSLA - Triple top formed 15 % drop (NEW)The price formed a triple top pattern.
How to trade:
- enter short only if /when the price breaks the neckline (support) with the volume increase.
- target and stop loss are shown in the chart
Last daily candle shows that sellers are still in control and more downside is likely.
Macro is bearish overall, nothing changed.
Good luck
TSLA oversold and ready for Bounce This could be an infamous dead cat bounce but if history rhymes then we should see everyone start talking about TSLA towards earnings and media coverage means meme stock action that defies fundamentals.
Bears are in a lot of profit and market makers may be ready pull it up towards the longer term MAs real quick to screw both calls and puts expiring this week.
"Bespoke Investment Group took at look at prior periods when Tesla stock fell more than 20% over a seven-day stretch. It found 23 instances since 2010 and found that big declines are a set up for big gains.
Tesla stock typically rises about 37%, 84%, and 238% over the next month, three months, and six months, respectively, after a the rapid 20%-plus drop."
HOOD double top 22 % drop possibleHOOD price is forming a double top pattern.
How to trade:
- enter short only if / when the price breaks below the neckline
- Volume surge on the breakout point will be a confirmation for a real breakout
- stop loss and target shown in the chart
Fundamentals:
- Macro remains bearish overall.
- DXY still strong.
- More downside expected in the stock and crypto markets
Good luck
TSLA EASY SCALPING IDEA (little risky) $$$TSLA is oversold on the RSI, and we may see a lot of buying pressure this week to close the gap we made today. Looking at previous RSI bounces, we bounced off levels 29-30 twice recently, so it is possible we bounce back when the RSI reaches around 29 - 30. Please keep in mind that my outlook on TSLA remains bearish, but it is more likely that we may see bullish price action in the short term
TSLA INCOMING BLOODBATH $$$As I said in my prior analysis, breaking this main support will be quite negative for TSLA, but this week we ended up finishing just below the key support that had been holding TSLA for so long, but now that we have broken it. Expect a bearish October in which we will test the next levels of support shown on the chart.
TSLA BULLISH AND BEARISH CASE SCENARIO $$$I've highlighted the critical support and resistance levels, where we see more volatility and volume. If we are able to break through that resistance, we will see bullish price action, and if we retest and see a pullback, we will see bearish price action. In both cases, you can use the support and resistance to your advantage.
Elon short because he said not to?What you see here is TSLA in somewhat of a range after repeatedly failing to create a higher high on larger timeframes. Look out for the retest of 280/281 for another small drop with potential of a larger drop. Although I am confident in the short term drop of tesla I do not believe that a bull run starting between 260 and 266 is impossible due to the volume of buyers previously interested at those levels, only time will tell.
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.