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
Tslalong
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)!
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TSLA Early BULL Signal on RSI / MACDNASDAQ:TSLA
On the 1H timeframe chart, TSLA is showing an early reversal as follows:
(1) It is ascending in a downtrend parallel channel
(2) On the MACD, the signal line is below the histogram, and
the K & D lines are converging on this lagging indicator.
The histogram bars are decreasing in negative height.
(3) the color-coded RSI candle indicator shows bullish engulfing
strength candles.
All in all, I see technical signs of a reversal as described here
TSLA POTENTIAL GROWTH 1500TSLA POTENTIAL GROWTH 1500:
1. Benefit from global public investment
2. Benefit from the eco-friendly car trend
3. Nice car, special marketing
4. Base completed (Phase E or S2)
5. Strong EPS growth, average 70% per quarter
6. Favored by financial institutions
TG 1: Zone 1119
TG 2: Zone 1340
$TSLA's macro cup-and-handle pattern ahead of split$TSLA managed a classic reversal on Friday as it reclaimed $857.50 for a move above $900. The overall chart pattern looks like a cup and handle which will trigger above $915-930 for a move past $1000. See if it absorbs early weakness today and manages to stay above $890 in order to keep this pattern intact. We are long calls for this week and for mid-September in case this pattern materializes. The stock splits on Friday. Elon Musk just announced a new milestone as the EV leader produced 3 million cars. See if poor Chinese data impacts the stocks this week or not!
TSLA IN 4H dear traders and investors tesla still on bearish trend on daily but we see this jump means correction and we have a trend line bearish since 21 april and we see this breakout came with impulsive and huge volume that means investors are intrestiong in selling tesla next week take this positon and hit your target at 800.00
TSLA LongIn Q1 2022, Tesla Outsold All Luxury and Premium Car Brands In The U.S. and gained 8.6 percent of the total market share of luxury automotive sales. Tesla is showing no signs of slow down. We are now currently at a 1 hour supply zone level and I'm looking for a continuation to the upside because break of previous structure to the upside was broken at 790.00 area. I'm looking for a projection to 1002.00 area first TP. We will react to whatever the market shows us and trade accordingly.
$TSLA bulls is back!$TSLA stock climbs after beats its earnings expectation few days ago and continue to soars after fed meeting. No major news about the pipeline just pure technical breakout.
as for the chart pattern, TSLA is making lower high and i expect TSLA will pull back tomorrow, before is starts to push to high again.
here my price target for $TSLA for monday 08/01/22.
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For calls; buy above $911 and sell at 935 or above
For puts, buy below 880.89 and sell at 874.18 or below
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TSLA awesome day 1500% trade per yesterdays plan880C up 1500% for today. 870C for AUG 5 are up 150% from yesterday. Sold them at 865 and rolled them out to 900C AUG 5. Those are up 120% into close. Closed those and opened 920C into next weekend.
Looks really good but markets are pretty extended short term imo. Will be careful next week. If we see a gap up, i might sell into strength.
This week alone TSLA gave us multiple 200% trades.