Tslalong
TSLA classic daily Elliott Wave StructureTesla moved off it's lows in March and formed a classic Elliott Wave Structure. Currently the structure is in Wave 4 and may pull back for the next 2 to 3 days. I am planning to initiate a LONG position first week or seconds week of april. Wave 5 should attempt to make new 52 wk highs.
TSLA: Buy zone is 917-960Tesla just completed a powerful W-3. However, now the uptrend has become exhausted and needs time to rest. Fibonacci extension targets have been achieved and MACD/RSI are showing bearish divergences. I expect the retracement to reach about the .382 - .500 level. If you own TSLA, you may want to consider selling covered calls to protect some of the gains you had over the last couple weeks.
TSLA LONGFor More Daily Detailed Analysis, Go ahead and click on the follow Button..
TSLA is a Stock with growing fundamentals. As the World becomes more dependent on electronic power we see ever growing upside BIAS amongst similar stocks.
From a TECH perspective, we are seeing CLEAR Uptrend. On the current drop in price we have seen a rebound and the price action area getting rejected, followed by a minor move to the north side. We can look for a continuation in this movement and a continuation to the long side. We can EXIT gradually as price increases. Remember, We SEE a dip before, we are in UP trend. Worrying that price will fall through is NOT market based. Prices will not move in a straight line and they must drop naturally amongst a longer term trend.
Bears caught of guard by TSLAThis morning the market opened to a surprising rally to the upside leaving all expecting Bears open mouthed and wondering what the fuzz was about.
A 50% retracement affirmed the upwards movement when it quickly returned to the upside aiming at the once contested 850.
A move above the 850 could really spur Bullish momentum and place the eager bears back into Hibernation.
Will update with opening bell 3/17/22
TSLA slow climb to 886?TSLA has temporarily climbed its way back with Higher highs and rebounding with strength creating Higher lows.
TSLA's true test of strength against bulls is waiting in the form of resistance at 886 above.
Before this we must watch for Price action in range 159-10 since it will act as resistance for a 823 retest or use this range 159-160 as spring board towards 886
Tesla (TSLA) | A great opportunity to invest🎯Hello traders, Tesla in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Counting has taken on a new form and this counting wave is in a higher degree of fractal than the previous counting.
When the warning range was broken in the previous analysis, the wave count was performed and now we will explain the new count.
According to the wave count of and , has ended and there is no normal ratio between these waves.
The wave starts the correction and according to the current structure of this wave, we assume that the pattern is flat.
This plate is located in its initial wave, wave (a), and we assume that after another descent to the ceiling of the channel, an upward movement will begin for wave b, and this movement will be confirmed when the bottom of the channel is broken.
If the decline continues beyond Fibonacci 0.5, the pattern will change and there may be a correction phase for wave 4 in a shorter time.
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TeslausdTesla is in an uptrend since the start of the market, we had on flag retracement which broke upwards and now we see second retracement to the trendline, we reached 50 fib zone, and bounced back since we are in an up trend we should see higher higher highs being formed so our safe target is where recent highest high was.
Aroon: After retracement aroon is showing bullish momentum, which indicates that we should break the down retracement a push trough the flag upwards.
MACD: Is a bit slower to catch up and give us an entry, but is already showing gain in a bullish momentum.
Bollinger bad: Market already bounced off of bottom Bollinger band and started rising indicating bullish direction.
Entry:885
Invalidation: 770
Target: 1224
Ratio 1:3.2
GOOD DAY TO BUY "TESLA"after the downward trend in the last 4 days today there is a big green volume and although it's so far under the VWAP and the candles is under the resistance but there is a broadening triangle and a few wedges and I think it's the end of the broadening triangle and there is an upward tendency and I think it's good time to buy although the war between the Russia and Ukraine
TSLA at the edge of it's seat!TSLA's price has spent the last week whiting a range between 817-942.
The break of 817 on Friday came as the bulls exhausted gave way to Bears and rumors of War.
TSLA began its upward rally on Monday and pushed forward above the 915 resistance/support.
Will TSLA have enough to break the 950 resistance?
And even then it should not be considered completely Bullish until it claims the 980 mark.
The Bears might pile on the price if the see a clear rejection at 950 and if so they might be encouraged by the gap left behind on Tuesday premarket form 873-891.
One thing is for sure as long as TSLA continues to trade sideways above 950 the Bulls can give themselves a brief pat in the back, below 950 the Bears remain in control with an opportunity to hold the position for sometime.