TSLA INCOMING BLOODBATH $$$As I said in my prior analysis, breaking this main support will be quite negative for TSLA, but this week we ended up finishing just below the key support that had been holding TSLA for so long, but now that we have broken it. Expect a bearish October in which we will test the next levels of support shown on the chart.
Tslalong
TSLA BULLISH AND BEARISH CASE SCENARIO $$$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.
TSLA SWING TRADEMy original setup has followed through so now we will take advantage of some small upside to come after the beatdown the past couple days... The 886 fib levels have been hit IEW the last local high to the swing low. Going to price action go green for a bit, so this may be a opportunity to get in on a bounce to some upside. No edge on oscillators, but it seems very practical to get market mercy. We are defiantly not bullish long term, as i expect to hit the 189-200 levels in the future. Thanks tradaaaas
Tesla Cup and HandleList of Important points:
1.Cup
The Cup is usually “U” shaped and may be considered as a rounding bottom with almost equal highs on either side. However, a “V” shaped cup also qualifies as a Cup and Handle pattern but the conviction is higher in “U” shaped due to the consolidation at the bottom.
2.Handle
The handle is usually the pullback from the higher end of the cup which may be rounding, triangle, or a descending channel. Usually, the pullback is about 1/3rd of the size of the prior advance.
Learn to trade with Technical analysis made easy course by Market Experts
The smaller the pullback, the better is the strength of the formation and the higher the possibility of a breakout.
3.Volume pattern
The breakout from the handle’s resistance should be accompanied by increased volume thus confirming the same.
4.Period
The cup usually forms over a period of 1-6 months or even longer those formed in weekly and monthly charts. The handle ideally forms over a span of 1-4 weeks or even higher depending upon the time period of the cup.
5.Target
The projected target from the breakout is usually the vertical distance from the high to the bottom of the cup.
6. Stop loss
Traders may place a stop loss at the lowest point of the handle and may trail it to a recent swing low as the stock makes a higher high within the consolidation area of the handle; depending upon the risk appetite of the trader.
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.
Buying the Tesla breakout!Tesla - Intraday - We look to Buy a break of 315.11 (stop at 302.98)
The primary trend remains bullish.
Short term bias is bullish.
Daily pivot is at 314.67. Short term momentum is bullish.
A break of the recent high at 314.61 should result in a further move higher.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 344.98 and 349.98
Resistance: 315.00 / 320.00 / 330.00
Support: 305.00 / 300.00 / 290.00
All of our stock trade idea expires in 30 days.
Daily chart for context
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses
$TSLA Upside (Pending)$TSLA, is eyeing to test some important levels in the next few days and is looking like the momentum on Oscillators is starting to pick back up and will try to power through. If it can break through and successfully back test $313 range and HOLD, we have some blue skies to $330 and possibly higher. The opening tomorrow will give us an idea where we are headed.... What do you guys think? We busting through or getting slapped in the face?
Sell-off Exhausted | TeslaUS markets (S&P 500 Index +0.3%) ended Wednesday in the green after a choppy session, perhaps exhausting the extreme sell-off sentiment from the previous day. The unexpected result from the US inflation report released on Tuesday had prompted speculation that stocks could start to head back to their June lows in reaction to a more aggressive Federal Reserve.
Tesla (+3.4%) was one of NASDAQ’s best performers on Wednesday.
TSLA’s rise places it back above $300 per share, a territory the stock fell below after Tuesday’s broad-market rout.
Helping TSLA fend off broad investor pessimism is the company’s improving supply chains.
On Monday, Tesla’s vice president of investor relations Martin Viecha spoke at the invite-only Goldman Sachs tech conference. Viecha noted that the company’s battery supply chains are the best they have ever been, and Tesla can now buy all the cells it needs, for both its vehicles and energy-storage products.
TSLA $TSLA Initial LongTSLA $TSLA Initial Long. This is a momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: TSLA is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
$TSLA - Bullish Channel Intact $347 price TargetLooks like a clear channel has been formed to the upside with the price target at the intersection between the top of the channel line and the Pennant line at around $347. All Moving Averages looks like a bullish squeeze and converge about to take place
Bull TrendSimple analysis-- NASDAQ:TSLA is fighting the 50 day MA currently, however it appears it may have broken from a descending parallel channel on the lesser timeframes. I believe this, concurrent with the bounce off of the larger parallel channel support line, signals a bullish trend up until our major resistance around the ~$360 area.
TSLA heading lower or bouncing up from support ?NASDAQ:TSLA
TSLA on the daily chart has mid-Fibonacci levels on the retracement of the uptrend serving
as support. The MACD has the K/D lines with a crossover above the low amplitude histogram.
So the question is wil TSLA break those supports and head lower or instead
will it bounce off of one or the other and uptrend towards overhead resistance.
What is your optinion?
TSLA Slide ContinuesEarly in the Week: TSLA & IXIC, along w/ the market as a whole have performed poorly the week after Labor Day. With the current market, I expect things to get very ugly this month. I see all kinds of resistance above TSLA's current stock price of $269 and very few things to stop a freefall to $253-$251, which is my current price target where some more serious long term and consequential levels will come into play.
Late in the Week: Watch for option strike pinning later in the week - thursday (9/8) and especially friday (9/9)
Current Option Open Interest Key Levels
Calls:
<265 - 821 or less - very weak
265 - 4,817 SOFT PIN > 265
266.67 - 4,387
270 - 3,941
275 - 3,034
280 - 3,844 HEAVY PIN > 280
285 - 4,473
290 - 5,298
295 - 3,296
300 - 8,994
Puts:
250 - 8,119
255 - 3,259
260 - 3,924
265 - 6,376
270 - 4,235
Great place to execute a quick tradeSince this will be a short term trade, I won't be going into the fundamentals as much and focusing on the technicals.
There is a nice symmetrical triangle which had a false breakout on the 15th and just retested the lower support (great place to enter trade).
MA is about to cross to the upside.
Squeeze mob finished releasing pressure and is consolidating (in the 15m timeframe, it has already started releasing to the greenside).
Stock split should allow more investors to buy shares and options (mostly retail who don't have access to fractional shares).
RSI is low and has starting going up strongly (Average hasn't moved up yet).
The overall company is doing great (see previous analysis)
The last time Tesla had a stock split, the stock rose over 80% from the date of the split to the end of the year (And 84% from the announcement to the date of the split for an overall increase of almost 200%).
I will be adding more Tesla to my long term position. I am trying to maximize my returns by buying when I feel as if it is under the intrinsic value of Tesla.
This isn't investment advice, do your own due diligence.
FA and TA - Tesla heading to 1040 before OCT, 1500 soonFA (Fundamental analysis)
Firstly, the shut downs in shanghai are allowing Giga shanghai to ramp up in production while Giga Berlin and Giga Auston are ramping up. (End of year deliveries est is over 1.7 mill as a base case)
Secondly, demand for the cars are incredible. Tesla has to increase the prices of the cars to reduce the amount of orders. They simply can't keep up with the demand (Good thing). EV credits (coming in september) will increase the already insane demand. Once factories are ramped, Tesla will bring prices back down (For every 7k drop in price, demand doubles)
Looking at the Bloomberg terminal (I will provide a link to Gary Black's tweet in the comments), every time the EPS estimates rise (Wall Street analysts realizing the company is growing), Tesla always shoots up and the EPS estimates rose while the stock fell. (Oversold imo)
In Q4, Tesla will open another factory (North American one. Likely in Canada, but could be in East USA).
In October, the twitter overhang will be lifted. The twitter shenanigans has brought FUD to the stock. It would've been valued at 1100 currently without it.
Stock Split. Tesla's options are quite pricey. This prevents retail investors from purchasing options (A contract is 100 shares. An ask of 150 would make each contract 15,000). A stock split would make these options significantly cheaper enabling a gamma squeeze to happen as the stock climbs. In addition, many brokers don't offer fractional shares. This will also allow retail investors with limited capital to purchase more shares.
Potential stock buyback. Tesla has lots of cash on hand. They are trying to spend it ramping factories and etc. If they still have significant pools of cash, they might just give some of it out as dividend (unlikely) or they could do a stock buyback. If Tesla believes that the stock has a good potential return, why wouldn't it use some of it's leftover cash to do a buyback? A buyback will reduce supply (bullish).
Earnings was great too.
TA (Technical analysis)
Firstly, I apologize for my messy chart
Triangle: There is a decently sized symmetrical triangle formation starting from May. Looking at the squeeze mob indicator, there was lots of consolidation (evident from the black dots) and the pressure released towards the upside and calming down (Bright green to dark green). It was aiming up towards 900 (which it reached).
RSI is heading up strongly making higher lows and higher highs. Volume is steady and will increase from stock split. MA crossed to the upside (I couldn't fit it on this graph) and Supertrend is green with a long way until it reaches red.
Cup and handle. There was a failed cup and hand from Jan to April. Bringing the line all the way down to the recent low, it suggests a 1040 price target.
Bull Flag. There was also a failed bull flag. Bringing that line down suggests a 1040 too.
The descending triangle from 2021 gives us a strong support and resistance around 840. The stock passed it and bounced off it several times and rebounding (bullish asf)
Strong resistance and support trendlines creating a wedge (I will also provide a link in the comments)
I wasn't able to draw these trendlines in my original chart so I drew them in the TeslaCAD chart. There is a strong trendline acting as a support from Dec 2020 with over 5 monthly candles hitting it and another one from Jan 2021 with several candlesticks using it as resistance. This wedge suggests a 2000 CAD price target (1555 USD).
I will continue to update this, but these are the strong catalysts suggesting an upside movement for the medium term (3-12 month timeline). I could care less about how it moves each minute as this is a long term play. Yes it's volatile and each drop creates a buying opportunity or a place to DCA (If you bought at a higher price).TSLA has served me well for the past 4 years.
TSLA still in Bullish structureNot a very fun Monday for investors. yet we experienced a much needed correction if the idea is to reach resistance on the dynamic trend line @1036.
The main question after todays close is are buyers willing to cary this across 950?
TSLA could have gone in Free fall after 851 but buyers stepped in even if hesitantly.
Consider that you did not see a Lower Low.
I would expect a fake out to the downside premarket and a retest of the $950 mark.
We will see what tomorrow brings.
Stay profitable
$TSLA ready to boost production for the split?🔸️Ticker Symbol: $TSLA timeframe: 1 Hour 🔸️2X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: The whole market started to pullback at the end of last week; If we take a look back on $TSLA, we see that the indicators have been spot on with predicting market moves 1-2 days before price reacts correctly to the projections. I have two predictions for $TSLA moving into next week;
1.) We pull back into the 1-hr demand level from Friday; I will be personally looking for the Swing Fail Pattern if we can stay above 877.57; but it is very possible we retest the top of demand at $886.86; if price holds this demand, then look for a run up to the $930's before the split occurs this Thursday (25 Aug).
2.) Price breaks below 877.57, and we continue to our next support level at $855. This is not my favorite setup, as we have money momentum moving back into the market, we have a nice bounce off the bottom of our regression channel, and I will be looking for our middle band to turn green come Monday.
** Play smart on $TSLA, and react to these key levels (bounce at $886 to go long and a break below $877 for a short position)!
🔔 Follow for daily stock, crypto and forex technical analysis .
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.