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
Tslalong
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.
TSLA LongThis past week, lot of retail traders were taking profits out of energy & commodity options/swing trades and plowing the money back into their favorite meme stocks. TSLA is seeing the same basic chart action as ARKK & MEME (the meme stock ETF). (chart).
Retail traders, acting as a hive of investors, take profits out of basically every trade that makes sense due to market fundamentals and short the hell out of that sector as they leave, no matter what the outlook is for the sector going forward. Then they plow the money into the same overvalued set of stocks.
You can see this effect in late Fall 2021 as commodities & energy sectors got plundered and then each time that happens the retail investor favorites, depicted in the chart by the etfs ARKK, MEME & MGK (mega cap growth), shoot up. You can see how the commodities ETFs (particularly energy) chart is the mirror image of the meme stocks. What's so interesting about the chart is that the whole time these mirroring trades occur, there's every reason for commodity stocks to rise (limited production & increasing demand) and no reason for the wildly overvalued meme stocks to rise more. Yet people keep taking money out of commodities and putting them into meme stocks anyways. This irrational pattern has existed all through 2021 and continues through 2022 so far.
The effect of irrational retail traders piling into the same overvalued stocks and holding them no matter what is what has been driving increases in these overvalued stocks for at least the last year (and maybe two years). It's becoming more and more volatile.
In my opinion, it's probably not over yet, and this is a bear market rally in Cathie Woods/mega cap growth stocks that will peter out once retail traders are done selling out of commodities & oil & putting their gains back into their favorite stocks. Then these stock will resume falling and commodities will start to climb again.
But I may be wrong, because at some point higher interest rates will be fully priced in and the overpriced growth stocks will bottom out, which can happen at any time. Also, at some point commodity & oil stocks are going to be fully valued and the companies will be adequately capitalized, even after retail traders & shorts are trying to drive them down irrationally.
The other thing that happened to lift broad indexes this past week was options expiring and shorts covering, which also lifted stocks because everything was heavily shorted.
tldr; I could see shorting TSLA because this is probably a bear market rally, but then again the bear market in growth stocks can reverse at any time and that time may be near at hand.
now going long on tsla.
Coast is clear for $TSLAWith earnings out of the way and a new clean energy bill signed, $TSLA looks set for the next leg higher. Yesterday, the stock defended its 200EMA and made a push above the post-earnings high of $842. With better-than-feared earnings from $AAPL and $AMZN, the market looks set for higher prices in the coming period. As a result, the coast is now clear for $TSLA to clear $850 and reach the next resistance area around $875. Careful adding on strength, but keep it on your radar for overall sentiment in the growth sector.
TSLA gap fill tradeTSLA had a really good day. Looks like momentum is coming back into this name. As long as TSLA holds above 817, there is a good chance it can fill the gap 845.63 - 865.65. If we open down, i will buy near 817 or i will buy over todays high on gap up for the gap fill.
JUL 29 850C should work
$TSLA Tesla Head & Shoulder c'mon Elon!$TSLA TELSA
I have been waiting so patiently for TESLA to meltdown and it just keeps showing strength and pulling through.
Elon fans are still strong while Elon is out frolicking on a boat shirtless with skin that hasn't seen sunlight since the pandemic looking for baby mama number 5.
As you can see above, TESLA has formed a head & shoulder pattern on the larger time frames, the monthly shows it best.
Head and shoulder criteria:
1. Buying volume is diminishing and showed most strength on the left shoulder.
2. The head is much higher then the left shoulder.
3. The neckline fits the description of a proper head and shoulder pattern.
4. We are beginning to form the right shoulder currently as Tesla broke out of the pennant to the upside after printing solid earnings and sharing its sale of BITCOIN.
Tesla hasn't even shown signs that it is breaking down yet, it hasn't capitulated or showed strong signs of weakness in this bear market.
I will be waiting patiently like a snake in the grass for my buying target near the Gap (red bar).
Tesla Fundamental, Technical and IdeasTSLA—Tesla Fundamental and Price Chart Analysis ( Concluding and comparing historical financial health, stability, growth and value of company to current and future projections to help make investment decisions. )
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TSLA Fundamental Analysis
Income Statement
- Income, Earnings and profit margin for Tesla all increased over past 5 years
- Tesla reported higher than forecast earnings for company for the past 4 quarters
Balance Sheet
- Increasing Assets and liabilities with a shrinking Debt-Asset Ratio
Cash Flow ( Value of the Company is ALWAYS a reflection of FREE CASH FLOW )
- 2018-2019 Tesla free cash flow growth risen by 442.2%.
- 2019-2021 Telsa free cash flow growth is still increasing but by smaller percentages. Since 2019
Tesla free cash flow growth decreased by -455.04%.
- Trailing Twelve Month free cash flow for TSLA is nearly 70% higher than free cash flow ending year 2021.
Source: tradingview.com
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TSLA Price Chart Analysis
Tesla decreased more than 50% in value since November 4, 2021 bringing the value of the company near 52 weeks low between 790.00 - 640.00 on Daily timeframe. Largest movements to downside are near Company Earning Announcements ( though Tesla has reported higher than expected earnings for 4 consecutive quarters, the growth rate between the both has been declining.
*Tesla is expected to announce lower than previously forecasted and actual earnings ( @ 1.81/per share ) and
revenue ( @ 16.5 billion ) report today July 20, 2022 during after market hours.*
Sub-chart indicators demonstrates indecision in direction of price with 750.00 being close to the highest price investors are currently willing to pay for stock. Near 790.00 is assumed to be safest and most profitable position to enter a short term sell entry.
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Sentiment for TSLA:
-Short Term Bearish
- Mid Term Bullish
Entry and Exit Levels for TSLA:
-Short Term SELL - up to 2.5 months Holding period )
- Limit 790.00
- Stop Loss 900.00
- Take Profits 400.00
- Reward-Risk 3.50/1.00
Mid Term BUY - up to 5 month Holding period )
- Limit 500.00
- Stop Loss 400.00
- Take Profits 1000.00
- Reward-Risk 5.00/1.00
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