The Two Reasons I Might Go Long On TeslaOn the weekly timeframe for NASDAQ:TSLA , I noticed two things immediately.
- A candle closed above the downwards trendline indicating strength in buyers
- NASDAQ:TSLA recently bounced off of a Fair Value Gap (FVG)
Given these two reasons, I am bullish on NASDAQ:TSLA as of now.
Stop Loss / Take Profits
Stop loss:
The stop loss of this trade is set at a close below the low of the candle that bounced off of the FVG. A close below the FVG would signify that the bounce was fake, and there is still more downside.
Take Profits:
All of these take profits are set at levels that were recent highs.
My plan would be to scale out half of my position at TP1, 1/2 of the remaining position at TP2, and fully out at TP3
Let me know what you think of this trade!
Tslaanalysis
TSLA Tesla Options Ahead of EarningsIf you haven`t bought the trend reversal move:
or the Bullish Pennant Pattern:
Then analyzing the options chain of TSLA Tesla prior to the earnings report this week,
I would consider purchasing the 280usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $21.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$TSLA topping?NASDAQ:TSLA has the potential to see one more push higher to the upper resistance, or it could top right here.
Regardless of what happens in the very near term, this chart shows the range that price should trade in over the next year (which is largely to the downside).
If price decides to roll over here, then the first big target should be $184.
However, I don't think NASDAQ:TSLA will bottom until it hits one of the two lower resistances sub $100.
Tesla -> The Strongest Stock Of AllHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla💪
After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of months of more than 100% was no surprise at all.
On the weekly timeframe you can see that Tesla stock is still in an overall strong bullish market, there is resistance coming in at the $320 level but until then there is no reason why Tesla stock should start a correction.
Looking at the daily timeframe you can see that Tesla stock is once again creating a new swing high and there was no bearish rejection at the previous resistance at all - therefore I simply do expect another rally of 15% towards the upside to retest the weekly resistance at the $320 zone.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Tesla's 2000 Cybertruck Production Underway!As you may already know, Tesla has officially commenced the production of 2000 Cybertrucks this year, and we believe this development presents a unique opportunity for traders like yourself.
Tesla has consistently demonstrated its ability to disrupt the automotive industry, and the Cybertruck is no exception. With its futuristic design, cutting-edge features, and impressive performance capabilities, the Cybertruck has garnered immense attention and anticipation from consumers worldwide.
Given Tesla's track record of delivering groundbreaking products, we believe that the production of 2000 Cybertrucks this year will undoubtedly significantly impact the market. As traders, it is essential to stay ahead of the curve and seize opportunities that arise from such developments.
Hence, we encourage you to consider placing Tesla market orders, considering the potential impact of the Cybertruck production. However, we advise approaching this opportunity cautiously, as any investment involves inherent risks. Conducting thorough research, analyzing market trends, and consulting with financial advisors is crucial to making informed trading decisions.
Tesla's market orders for the Cybertruck are expected to surge in demand, especially with the growing interest from individual consumers and commercial buyers. By placing market orders, you can benefit from the potential rise in Tesla's stock value, which has historically responded positively to significant product launches.
To capitalize on this opportunity, I recommend visiting Tesla's official website or contacting your trusted brokerage firm to place your Tesla market orders. Remember to evaluate your investment strategy and risk tolerance before trading carefully.
As always, staying updated with the latest news and developments surrounding Tesla and the automotive industry is essential. By closely monitoring market trends and emerging technologies, you can make informed decisions that align with your trading goals.
TSLA Elliott Wave Analysis (13/07/2023)Although we are overall bullish on TESLA, a pullback as a wave (4) might be near. We see three waves up and divergence in the 4h. If divergence is not erased, a pullback is our primary scenario. In the 1h, the upward structure looks incomplete so we expect a bit more upside.
Tesla -> EV Market On FireHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪
After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of weeks was no surprise at all.
On the weekly timeframe you can see that Tesla stock is currently retesting previous weekly structure and since Tesla is a little bit overextended we could see a short term drop from here.
However by looking at the daily timeframe you can also see that Tesla stock is not slowing down at all so not all three timeframes are pointing towards more growth yet so I am waiting for a daily and weekly break above the current resistance level and then I do expect more bullish upside.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Tesla: The Only Foreign Automaker Committed to China's CompetitiI am excited to share that Tesla, the renowned electric vehicle manufacturer, has become the only foreign automaker to sign China's competitive pledge. This remarkable commitment showcases Tesla's dedication to the Chinese market and its determination to lead the sustainable transportation revolution in the region.
China, the world's largest automotive market, presents immense potential for growth and innovation. By signing this pledge, Tesla has positioned itself as a unique automaker in China, setting it apart from its competitors. This move solidifies Tesla's presence in the Chinese market and reinforces its commitment to fostering healthy competition and driving the industry forward.
As savvy investors, we must identify companies with a competitive edge, especially in emerging markets like China. Tesla's decision to sign this pledge highlights its strategic vision and ability to adapt to local market dynamics, which bodes well for its long-term success.
I encourage you to take a closer look at Tesla's operations in China as they continue to expand its manufacturing capabilities and strengthen its foothold in the region. By doing so, you will gain valuable insights into the company's growth potential and ability to capitalize on the immense opportunities presented by the Chinese market.
As with any investment, thorough research and analysis are essential. I recommend exploring Tesla's recent achievements, such as the impressive sales figures and the positive reception of their locally produced Model 3 in China. These milestones validate Tesla's commitment to the Chinese market and provide a glimpse into the company's future prospects.
In conclusion, Tesla's status as the only foreign automaker to sign China's competitive pledge is a significant milestone that sets them apart. Their unwavering dedication to the Chinese market positions them as a unique player in the industry, making them an intriguing investment opportunity.
I encourage you to delve deeper into Tesla's operations in China and assess its potential impact on its growth trajectory. We can make well-informed investment decisions that align with our goals and aspirations by staying informed and proactive.
Thank you for your time, and I wish you continued success in your investment journey.
$TSLA - The ONLY CHART you need to know for the long term!Monthly chart is everything long term. TSLA has finally forked off its previous rising channel since IPO. Now, it has created a new channel. This is extremely bullish since it is just the start! Squeeze mod and MACD is also curling to a bullish long term run.
TSLA SMA Cross Signals Growth Opportunities - Time to Invest!Exciting News! TSLA SMA Cross Signals Growth Opportunities - Time to Invest!
As a fellow Tesla enthusiast, I couldn't wait to share the latest developments. Brace yourself for profound positivity because Tesla's future is brighter than ever!
You might have heard about Tesla's exceptional performance recently, but let me clarify the specifics. Tesla has been ramping up its production, delivering more cars than ever, and exceeding expectations. This remarkable growth has caught the attention of many investors, and rightly so!
Now, here's where it gets even more enjoyable. As Tesla continues to deliver more cars and increase its production capacity, we can expect a significant technical indicator to come into play - the TSLA Simple Moving Average (SMA) cross. For those unfamiliar with this term, it's a powerful tool to identify potential shifts in the stock's momentum.
With Tesla's expanding production, the TSLA SMA cross will likely signal an upward stock value trend. This means now is an opportune time to consider investing in TSLA stock. By taking advantage of this growth opportunity, you could be part of Tesla's remarkable journey toward a sustainable future while reaping the benefits of a potentially profitable investment.
So, my dear TSLA fan, I encourage you to seize this moment and seriously consider investing in TSLA stock. With Tesla's unwavering commitment to innovation, sustainability, and pushing the boundaries of what's possible, the potential for long-term gains is genuinely remarkable. Don't just be a fan; become an investor and be a part of Tesla's incredible success story!
If you need help getting started or need further information, please comment.
Wishing you an electrifying future with Tesla,
Tesla -> What About This?Hello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Tesla stock perfectly retested and already started to reject a major previous weekly structure area roughly at the $260 level.
You can also see that Tesla didn't retrace all the way back to the 0.382 fibonacci retracement level which is always the first strong support level after the recent massive pump so there could be a chance that we will see another short dip and then even more bullish continuation.
On the daily timeframe you can also see that Tesla just created bearish market structure by breaking the previous low towards the downside, however Tesla stock is still looking strong so I am also waiting for a short term daily drop before I do expect another bullish impulse leg.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Should you buy more TSLA with these big export numbers to CanadaChina-made Tesla Y has recently exported 6214 cars to Canada. This is a significant milestone for Tesla, and we couldn't be more excited about it.
The Tesla Y is a fantastic car for anyone looking for a luxurious and eco-friendly vehicle. Its sleek design and advanced features can turn heads wherever you go.
As a Tesla trader, I encourage you to consider buying TSLA. Tesla is an innovative company leading the charge in the electric vehicle industry. With its commitment to sustainability and cutting-edge technology, Tesla is the perfect investment for anyone who wants to positively impact the environment while also enjoying the benefits of a high-performance car.
bnnbloomberg.ca/china-s-ev-exports-to-canada-soar-as-tesla-starts-to-deliver-1.1936937
Concern about Tesla's recent Morgan Stanley downgrade I am writing to you today with a sense of concern about Tesla's recent Morgan Stanley downgrade ahead of their Q2 earnings report.
As you may have heard, Tesla has fallen from the downgrade, and this news is causing some uncertainty in the market. While we know that Tesla has been a popular stock for many traders, it's important to remember that the market can be unpredictable, and we must always be prepared for any changes.
With this in mind, I would like to encourage you to take profit from TSLA. We must be cautious as we approach the Q2 earnings report and consider taking some profits off the table. This will help protect your investments and ensure you are not caught off guard by any unexpected market movements.
In conclusion, I urge you to consider your options carefully and take action to protect your investments. While we cannot predict the future, we can take steps to prepare ourselves for any potential changes in the market.
thestreet.com/investing/stocks/tesla-stock-slides-after-morgan-stanley-downgrade-into-q2-earnings
Rivian Joins Tesla's Charging Network - A Major Milestone!I am thrilled to share some exciting news that will impact the electric vehicle industry. Rivian, the electric vehicle startup recently made headlines for its highly-anticipated R1T electric pickup truck, has joined Tesla's charging network. This is a significant milestone for the industry and a clear indication that Tesla's technology is inching closer to becoming the industry standard.
As you know, Tesla has been leading the charge in the electric vehicle market with its innovative technology and forward-thinking approach. Its charging network, the largest in the world, has been a major factor in its success. With Rivian now joining the network, it is clear that other automakers are recognizing this infrastructure's importance and looking to follow in Tesla's footsteps.
This news is significant not only for the electric vehicle industry but also for traders like you. It indicates that Tesla's dominance in the market is not going away anytime soon. As more and more automakers adopt Tesla's technology and infrastructure, it will only strengthen its position in the market.
So, if you haven't considered trading Tesla, now is the time. With this latest development, it is clear that Tesla is still the leader in the electric vehicle market, and its stock will continue to rise.
Tesla -> The Sky Is The LimitHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Tesla stock recently perfectly broke above a longer term bearish trendline in confluence with support at the $160 level and then created a rally of 40% towards the upside.
You can also see that from a weekly perspective Tesla stock is currently testing a major weekly structure zone which could now act as resistance exactly at the $270 level so I am now just waiting for a minor pullback before I will then look for the continuation towards the upside.
On the daily timeframe however you can see that Tesla is far from creating bearish market structure, there is no sign of weakness at the moment so I am just waiting for Tesla to slow down at the current leve and then I do expect a minor pullback towards the downside before the longer term bullish continuation.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Detail Price Level Trend Guide | NVDA TSLA AAPL AMZN GOOGL MSFT- NVDA short term 15m time frame bull break lacking follow through then weaker compare to QQQ into end of day on Friday
- TSLA still relative stronger than QQQ gap filled 4h 12 EMA still full bull control guide
- AAPL zero red flags trading around ATH, 2 day time frame 12 EMA full bull control guide
- AMZN weaker of the big tech closed right at support into end of day potentially may break below it on Tuesday
- GOOGL weakest of the big tech, may form a daily downtrend if we break prior pivot 121 level
- MSFT similar to AAPL trading in ATH range, no red flags yet need to confirm hourly downtrend for bears, for bulls still in full control.
TSLA: IS THIS A HEAD AND SHOULDERS?The absolute rip out of TSLA has been a good one. As they say, "what goes up must come down" though too.
If we are in need of a major pullback after this rip up, are we forming a head and shoulder pattern of
sorts? Hard to say but given how violent the move has been, that often is met with an equal and opposite
move and that puts the chart in a precarious position. If the pullback is not too extreme and we form a new
base around $200, then we could be looking for new All Time Highs, on the next move up. I feel that this
would most likely be the case because there is a lot of fundamental news to back up further growth in
TSLA stock. The federal tax credits are big windfall for TSLA and was much needed. Is it enough?
I think the TSLA bull case will require the mastery of hands free driving technology that has been
promised since the beginning and their robotic products to retail and have a positive public reception
of the technology.
$TSLA Pull Back?Yesterday noticed a lot of tickers suggested "Shift in Sentiment", I thought it could be Bullish, but several tickers I checked this morning on the Daily frame chart, suggests pull back is coming. Let us watch how this 5-3 move (Elliott Wave) goes for TSLA, there are similar for some other tickers, but so far this is only indicator out several I am seeing that is bearish. Federal Reserve's position may move the stock market either way.
Buy now for TSLS or wait for next dip
I am thrilled to share with you that Tesla chargers are gaining more supporters as the company's plug becomes the American standard. This is a significant milestone for Tesla and a clear indication of the company's commitment to providing sustainable transportation solutions.
Currently, the $210 level is acting as a support level, as it did on Friday and again on Monday. It's important to keep an eye on this level.
However, if the stock manages to break through this level, it's crucial to pay attention to the $258 mark. This level not only represents the 161.8% extension of the recent range but also the 50% retracement of Tesla's bear-market correction.
In short, it's essential to exercise caution when it comes to Tesla stock in the short term. It may be wise to look for opportunities to buy the dip.