TESLA SETUP and BREAKOUT ATTEMPT Part 1There is a wolfe wave setup on the 4 hour time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target using this 4 hour period is greater than 900 which is expected to reach this price target before Aug 2022. This particular pattern allows us to position long term contracts at specific time periods. Short term target is $800 which is a level where profit taking will occur. Any pullback should be bought especially premarket gap down.
Tslabuy
TSLA-BUY strategyElon is selling and might be selling more.
For now, regression channel seems supportive region, and we are flattening on selling pressure. Further, we are below the cloud, which does not bode well.
However, we are looking to get some value on short-term trade and I feel we may buy between $ 860-880 for recovery 960 again. Stop-loss likely below $ 780 for now.
TESLA-BUY strategyLooking at the chart and Ichimoku support around $ 700, it feels we should be starting to look at buying.
The VIX also is very high, and this could spell for a turn around of stocks in general.
For that reason strategy may be BUY $ 750-770 for a move to $ 950 again. Stop-loss should be below $ 650 for now.
TSLA- BUY strategyThe behavior of the share price shows we are not ready as yet to move lower breaking supports.
The rectangle formation shows the solid ranges, and with stochastic being positive and the tendency to break outside the resistance level around $ 950, it feels we are better of trading it short-term to the upside for now.
the medium-term may not change seeing lower, but we are always seeking an opportunity, and buying is likely the right thing to do.
Strategy BUY current $ 925-935 for a move back to $ 1,075 and place stop-loss below $ 865 for now.
TSLA-BUY strategyNo change in view.
We are below a major trend line which has resistance now $ 868. However, I feel that we are bottoming (small inverted hammer) and also DC support gives a reasonable chance for recovery $ 985.
Buying into $ 840-860 with stop-loss $ 750 below for now. If we do get stopped out, it may mean we are seeing likely much lower levels. Let's see by the time it gets there, if we will.
TSLA-BUY strategyWe have taken profit at $ 860 below now, and started a BUY strategy as analyzed last few days.
The move down no doubt on disappointing results. Now we focus o the low stochastic, and also trading below Donchian base or touching it. I feel a BUY strategy is advised, but keep stop-loss at aroun 737 for now. Entry current $ 830-850 area and profit $ 985 for now.
TSLA- some what a weak BUYIt is clear that most asset classes are a little confusing right now. The directional bias feels changeable a lot.
TSLA first tried to attempt the high, and it started looking to move towards $ 1,336 but stalled at $ 1,200 region. We declined afterwards to $ 1,000 and now back-up once again $ 1,106. The MA-10 vs M-30 is positive and the stochastic as well. So it feels BUY is likely better then short.
Strategy BUY $ 1,090-1,110 for a move of $ 1,200 and observe. Stop-loss below $ 990.
Medium-term we need to look for selling levels, which I suspect is somewhere between $ 1,200-1,350. I am still eyeing $ 600-700 long-term correction.
TSLA LONG?Its been a long time since my last opinion on Tesla therefore im here with a potential long position!
I'll keep it simple, we were in an uptrend, still no sign of reversal. so we expect more rise! can enter after stabilizing over level of 1115. (which as for myself I've already taken a risky position around 1020 and will consider the rejection of 1080-1115 as failure point of idea).
targets 1350-maybe 1560 . lets see!
TSLA - BUY strategyWe were not able to reach $ 1,336 and stalled after the sharp GAP.
Currently we have GANN support below $ 1,000 and resistance $ 1,169 (we did spike above that previously).
For now, we have positive MACD and DMI, so one should view the decline as a correction and not a change of trend.
Strategy is BUY current $ 1,050 -1,075 for a move back to $ 1,200. Stop-loss $ 975.
Let's see as the movement has been somewhat erratic.
TESLA (TSLA) - Buy strategyTesla shares spiked and now we have broken through GANN resistance, likely we may see this even be extended towards $ 1,336.
Buying should be with caution, and feel this should be somewhere $ 1,125-1,150 area for the final move towards $ 1,336.
Once we reached that level we may start considering being on sell side.
Strategy BUY $ 1,125-1,150 with a stop-loss $ 1,025 and profit objective $ 1,330.
1/2/22 TSLATesla, Inc. ( NASDAQ:TSLA )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: 1.061T
Current Price: $1056.78
Breakout price: $1117.50
Buy Zone (Top/Bottom Range): $1028.30-$950.15
Price Target: $1230.00-$1244.25 (2nd), $1440.00-$1488.00 (3rd)
Estimated Duration to Target: 60-64d (2nd), 146-150d (3rd)
Contract of Interest: $TSLA 2/18/22 1100c, $TSLA 6/17/22 1400c
Trade price as of publish date: $76.30/contract, $73.00/contract
TSLA- Medium term BUYThe weekly chart shows a FALSE BEAR FLAG which usually suggest that once the channel is broken upwards, a sharp move will occur.
The resistance is around $ 1,110 and the objective of the break will be $ 1,250. The lower side of the channel is $ 830.
Medium-term I suggest buying $ 950-1,050 for the profit objective of $ 1,250.00.
Stop loss perhaps a financial one.
TSLA-Buy strategyTSLA feels we may climb back higher short-term, and think it is possible to see $ 1,150-$ 1,200 once again.
The MACD starts turning positive, and we are within cloud cover with resistance $ 1,070.
It is retesting of a previous high, so buy current $ 1,000-1,020 for move to 1,200. Stop-loss below $ 900.