Tesla (TSLA) | A great opportunity to invest🎯Hello traders, Tesla in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Counting has taken on a new form and this counting wave is in a higher degree of fractal than the previous counting.
When the warning range was broken in the previous analysis, the wave count was performed and now we will explain the new count.
According to the wave count of and , has ended and there is no normal ratio between these waves.
The wave starts the correction and according to the current structure of this wave, we assume that the pattern is flat.
This plate is located in its initial wave, wave (a), and we assume that after another descent to the ceiling of the channel, an upward movement will begin for wave b, and this movement will be confirmed when the bottom of the channel is broken.
If the decline continues beyond Fibonacci 0.5, the pattern will change and there may be a correction phase for wave 4 in a shorter time.
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Tslaanalysis
$TSLA - $1,500 Channel Trajectory INTACT-Stock price can trade outside of the channel,
but has in the past revert back into its channel.
-Stock Price has many times bounced off its 200MA.
The upward direction of the Channel is still well intact.
Price target herein purely based on technical channel. Fundamental target in my opinion is much higher by year end for the bull case.
TSLA Downward channel break?TSLA retesting resistance at 942 level.
If 942 level is rejected the bear trend started in January will continue downwards for possible targets @847.94 and @780.21
Also tesla can reclaim the level above 942 aiming for resistance from bear channel started on November and have 986.20 level as a target.
Tesla Analysis 13.02.2022Hello 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!
TSLA TrendDespite the sales result in China tonight, and considering that Tesla's fundamental data is solid, and beyond the possibility of a slowdown in demand at some point, there is no doubt that this company is in financial and innovation terms super solid.
The sale of Evs is a unit in the business universe of TSLA. With this said, the technical analysis shows a clear upward trend since March 2020.
The volatility and its swing range perhaps did not allow it to be seen clearly for a moment, but now, and due to the time that has elapsed, with its financials results and congruent volume the trend It's clear, and it's on the upside.
Price zone to observe might be 880 usd, for a double reason: a) it is an important support and technical buying zone, and b) could be the limit of the upward trend.
If it loses this zone, we would be facing another scenario.
It seems to be the ideal technical chart, as the volume confirms this potential rise that is observed. That is, the price has dropped, but nobody wants to get rid of Tesla Stock, which could make it an even stronger long-term holding.
Hope you have enjoy this analysis!
This analysis is not a recommendation to buy or sell. It is based on published financial data and technical analysis. Trade at your own risk and responsibility. Namaste
Tesla Analysis 22.01.2022Hello 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!
Tesla's range is beginning to look bearishTesla has moved into an extremely volatile range where bulls have managed to double tap the top of the range twice, failing to break out each time. This is a sign of weakness that I believe should be taken into consideration for long term TSLA strategies.
The Andrew's Pitchfork is anchored at an abstract point to avoid the gap-up fractals that are seen on the daily chart with traditional candles. The pitchfork validates much more strongly from the position shown and it shows TSLA price action interacting with the centerline.
According to econo-physics principals such as the Von Restorff effect and Hausdorff dimension, TSLA price must move to the outside edge of the pitchfork and breakout, otherwise it will likely retest the centerline. A break of the centerline of the pitchfork could lead to a movement toward the lower boundary of the pitchfork array. This movement would put price near the bottom of the range and near critical support.
Bulls appear exhausted propping up these higher prices and a correction could be in order. Targets to the down side would be the 61.8% and 100% retracement levels along with static levels of support along the way.
For the time being, TSLA is in my day-trade watchlist and I am not considering long or short swing positions while it remains in this ranging motion. I'm looking for a breakout to either side of the range for (hopefully) more predictable trending conditions and less whip-sawing in the market. I'm favoring a bearish breakdown based upon my understanding of the technicals but am not bold enough to count a giant like TSLA out of the bullish game quite yet.