TSLA had a beautiful bounce from support Using Aspen Trading Support & Resistance Levels, TSLA has bounced from 982 support and can face the resistance at 1208.
A move above 1208 level will see further upside to TSLA.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
Tslabuy
10/24/21 TSLATesla, Inc. ( NASDAQ:TSLA )
Sector: Consumer Durables (Motor Vehicles)
Current Price: $909.68
Breakout price trigger: $900.40 (hold above)
Buy Zone (Top/Bottom Range): $894.00-$834.00
Price Target: $1120.00-$1128.00
Estimated Duration to Target: 41-46d (1st)
Contract of Interest: $TSLA 12/17/21 1000c
Trade price as of publish date: $20.40/cnt
TSLA all time high$TSLA (TESLA) just reached all-time-high! Very bullish news especially for the stock that makes up the bulk of my portfolio. Congrats to those who followed me as well. My $TSLA portfolio is up by approximately 30% - with averaged price right below $700.
However, $TSLA is at $900 right now and RSI and bollinger bands is indicating that $TSLA is current very overbought right now. The rally came from their bullish earnings report that just got released recently: www.cnbc.com
Overall, i'm still very bullish on $TSLA and is holding it for the long run. Crypto gains might be hard to beat compared to equities but its very important to diversify and have both asset classes.
TESLA breaking resistance lines and moving upHello everyone, as we all know the market action discounts everything :)
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TSLA has been doing great for the last couple of days the stock price jumped from 718.33 and reached 799.38 today. That is an 11% increase in 6 days.
The long and short term trends are both positive. and looking at the yearly performance, TSLA did better than 87% of all other stocks. We also observe that the gains produced by TSLA over the past year are nicely spread over this period.
Possible Scenarios for the market :
Scenario 1 :
The market is trading near 791.36 and nearing the resistance line located at 794.82 if this momentum continues then we will see a breakout from that level that will push the market up where the first stop will be at the 814.84 resistance where the Bears might step in an attempt to drop the price back to the 794.82 level. In case the Bulls were able to keep control over the trend we could be seeing the stock reaching the 849.43 level soon.
Scenario 2 :
When the market reaches the first resistance at 794.82 a battle will happen between the Bears and the Bulls to gain control over the market, In case the Bears were able to strip control from the Bulls then we will see a drop in price that will reach the first support level located at 754.36.
The bulls will step in at that level to take control again and keep the uptrend going which will lead to an increase in the stock value that will reach 794.82 again and from there breaking out and reaching the 814.84 level
Technical Indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The RSI is at 69.25 showing Great strength in the market and almost reaching the overbought zone.
3) The MACD is above the 0 line indicating that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line.
Daily Support & Resistance points :
support Resistance
1) 754.36 1) 784.60
2) 734.34 2) 794.82
3) 724.12 3) 814.84
Weekly Support & Resistance points :
support Resistance
1) 737.08 1) 793.26
2) 699.76 2) 812.12
3) 680.90 3) 849.43
Fundamental point of view :
TSLA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.10%, which is quite impressive and the Altman-Z score of 16.91. This indicates that TSLA is financially healthy and has little risk of bankruptcy at the moment.
TSLA's Return On Assets of 3.90% is amongst the best of the industry. TSLA does better than the industry average Return On Assets of 0.02%.
The shift to electric vehicles will force huge changes in the auto industry and require EU backing for 'reskilling' programs to help workers prepare for a zero-emission future, according to a report published on Tuesday.
The Platform for Electromobility, an industry group, said a report by the Boston Consulting Group showed by 2030 European auto industry employment will drop by less than 1% from 5.7 million people today amid the transition to electric vehicles. according to Reuters
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
TSLA 3/day and weekly Trend ReversalOn the weekly for tesla, we are seeing a trend shift on the trend bricks and all 3 trend meters. This is a good confirmation for an entry on a short position.
We will have a 3-day close also in the red.
I would look for an entry on a weekly close confirmation.
Great long-term potential setup.
TSLA explodes higher into August 2021 with defined targetTSLA has been a trading like fud for the past few months and this was expected after a parabolic move in 2020. The monthly setup shows a high tight monthly darvas setup. The TOSOPTION algorithm on the monthly continues to trade long. If the upper channel of the darvas gets taken out then TSLA moves to 1126 which is our fibonacci 1.272 extension. With earnings around the corner, the price either reaches the target pre earnings run or post earnings. We have opened a series of directional contracts for July 23 800C. A close above 665.59 on July 9 would be ideal for tsla to push higher next week into July 13 and July 14.
TSLA LONG on the Daily algorithmTSLA S3XY algorithm initiated a long position on the daily time-frame on June 23. The weekly signal remains neutral and if both daily and weekly are long then we have a potential price explosion for tsla that could retest and break thru $1000. Daily Long position is very bullish and likely the early signs of TSLA making another attempt to run up to $1000. Before $1000, there are three psychological levels - 700, 800 and 900. There are two time aggregation periods that suggest the price level of 700 will be taken out this week based on the famous BLT candlestick combination. These combo candlestick setup can be viewed on the 2D and 3D aggregation period. We have opened two positions and likely to continue to add more for July and august monthlies. S3XY on the 30min time frame is long and we also have a full position using common shares.
TSLATesla, Inc. (NASDAQ:TSLA) started the day negative but turned things around to close up nicely on decent volume. Keep an eye to see if it can break out above the $635.59 level next week. The stock shows signs of a trend reversal. Trajectories of momentum indicators on daily charts also suggest uptrend for the stock. Long setup on watch.
UPDATE on the MOTHER OF ALL WEDGES (TESLA)What I'd like to see now:
-The fill of the gap at 775
-A retrace to the broken consolidation area
-The fill of the gap formed today at 700
Here is where I will add more shares to my Tesla position (trying to make Tesla 65% of my portfolio from 60%)
-And then a continuation to A: break the wedge and go back to 800+. Or B: Consolidate between 720-780 range waiting for Q2-3 catalysts.
What do you guys think?
My portfolio was really happy with TSLA, PLTR and BTC today
TSLA PT 04/2021Many bullish indicators for TSLA, falling megaphone retest, inverse h&s throughout the last month, Wave 1 impulse post-correction, currently riding Wave 3 which is set to take off during this April melt-up. We just finished our Wave C corrective pattern & are back on the bull for TSLA.
Betting on 700 next week.
TSLAI think Tesla, Inc. (NASDAQ:TSLA) will have a relief rally next week after its dramatic fall since the January peak of $900. The RSI history of this stock speaks louder. Notice that every time the daily RSI drops below the 30% level, the stock makes a dramatic rise in the weeks after. The performance history of a stock is always an important parameter in my technical analysis. Nowadays, a lot of traders sell any stock when the daily RSI touches 70 and buy when it falls to 30, however, you must analyze the RSI history before making any trade. History does tend to repeat itself and the majority of the stocks have more than one life in them. Another interesting factor on this long-term chart is that the uptrend of the accumulation line remains practically intact after this big drop, which means the stock is still on the positive swing. These are few reasons why I think now is the time to take a long position at this one, before the stock changes its trend and heads back higher. The bottom looks to be in and the risk of more bloodshed is a lot lower than it was weeks days ago. Lets see if I am right.
My long-term scaling in for TSLA stockDisclamer: I am extremely bullish on tesla, I have been a shareholder of tesla since 800 dollars pre split and I am planning on adding more due to the Q4 conference call and all the bullish catalysts that will occur in the near future (2021).
Considering that the stock is in a consolidation after a big push, I'll scale in at 840, 810 and 750. Short term I don't see the price going below 680 and I have a price target of 1150 for Tesla so I should get a 36% return for the 840 scale in in a year which I am happy for.
Remember that Tesla is super volatile, it could hit 1000 this month and the 600 the month after. However I am confident that TSLA long-term will be a bargain at these price as it was when I scaled in the other time at 600-650 range.