$TSLATesla’s looking very nice here.
Price broke out of the descending triangle to the upside and has currently retested previous resistance on the daily which ended up closing on a hammer.
Keep this on your watchlist.
Tslalong
Update- see previous chartsTSLA is forming quite a large rising wedge (Bearish) on its yearly chart after breaking out of the symmetrical triangle (see previous chart), which was preceded by TSLA breaking below the bear flag above. While TSLA did close on Friday sitting right on its 50-day EMA there is also a Bearish Gartley harmonic on the 4-hour timeframe (not pictured). Definitely will be keeping a close eye on TSLA in the coming weeks for potential long-term entries- just an updated chart with some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on
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TSLA closed on Friday sitting right on its 200-day SMA. It previously broke below the bear flag to test a long-term uptrend line, while simultaneously forming what appears to be another bear flag / rising wedge ( bearish ) going into earnings on 7/26'. If this long-term uptrend line is broken, TSLA could see sub $600 especially if the broader markets continue pulling back. Will be keeping a close eye on TSLA here for potential long entries.
Tesla ( $TSLA ) Potential Monumental BreakoutHow do you ignore this setup? $TSLA breaking out of a triangle to the upside with a BULLISH MACD crossover on the weekly & daily charts. Look for a monumental move in the coming week(s).
$TSLA - Diamond Reversal?Are we going to see a Diamond Bottom reversal on NASDAQ:TSLA ?
Right now, TSLA is riding its way up the price scale on an uptrend but is currently experiencing a local down wave which has brought us down past the current up channels 0.382 Fibonacci line. This lower 0.5 line of this upwards channel may save the day and help get things back on track. It looks like $TSLA is entering into a diamond pattern which could - if successful - help with the journey towards the $750 target before AI Day (Aug 19th), which people seem to have in mind.
If not currently holding $TSLA and looking to pick it up as a trade, it would be possible to pick up a safe entry just above the 0.618 in the $710 area , or a slightly riskier play may be to try and catch a wick down past the 0.5 @ $706.91.
A few points worth mentioning:
Volume is forming a U shape on the 15min chart where the possible Diamond Pattern occurs.
RSI nearing neutral territory
So far, candles are respecting the lower 0.618 & 0.5 of the upward channel and 0.382 & 1 Fibonacci lines of the downward channel (area highlighted in yellow)
$750 price range aligns with the 2.618 of the local fractal we are working through
* This Content is for informational purposes only. You should not construe any such information or other material as investment, financial, or other advice.
TSLA $750 IncomingTSLA consolidating nicely. Flipped resistance into support. I think a push to 750 is possible in the next few weeks.
Tesla (Update) : 1D TFAccording to the previous analysis of Tesla, the price is still moving towards our target and we will continue to expect it to grow.
TSLA: An impending 10% up side move?Broke out of a down trendline.
Had a 10+% surge up at end of July.
And price is not consolidating.
Anticipating another 10+% burst up soon. Perhaps a better time to enter is when the 20MA catches up.
Target profit also coincides with a resistance at about $780.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
TSLA / Tesla LongI entered the trade as shown on graph. From technical analysis we can see the neck and shoulders pattern directly before the price shot up. Using some graph theory maths I came to the following trendlines to fit data. Trendline 1 and 2 is both active lines over the medium term and looking at where they meet up, it looks like we hit that pivot point today but lets look if the momentum can be sustained so that the price is as close to pivot point 1 and 2 if not higher.
My Stop loss is indicated at $570 Personally , the lowest it should be is $545 and we are looking at taking profit above both trendlines at. $784
However if you don't mind risk and patience, I'm sure tesla will be over $1000 in probably less than a year.
Please view full graph for all levels and line explanations. With the last few days move on crypto you could expect Tesla shares to start showing the correlation more soon.
TSLA long triangle, low volatily, last up leg before top?3 highs and 3 lows triangle, squeezing into a low volatility funnel. Imminent breakout confirmed.
Increase in volume confirmed.
Overall market sentiment - good. SPX at ATH.
Not an ideal RRR, but you can lower the stop and increase your size - personal preference.
Hold open till last target at 1000$. I would say probability around 66%.
TESLA buying opportunitiesTesla has drawdown to EMA200 and low stoch. It has potential to grow again
Trade Opportunity Coming $TSLATesla recently broke out of the $690 resistance and there is a large sell wall at $750. Take profit area is first at $740 then $750. There is also a short opportunity here if Tesla breaks to the downside. Watch for a $709 downward break to go short. Volume has slowed down in recent days and plenty of catalysts coming tomorrow (Jobs, unemployment, anything Musk says...).
TL;DR
Long: break out of $725 triggers buy. TP1 = $740 TP2= $750
Short: Break of $709 triggers sell. TP1 = previous resistance @ $700 TP2 = Gap fill location $685
TSLA : Next Leg up ?TSLA Showing bullish patterns and it broke outside of the bullish accumulation outside the triangle. Expecting some good upwards wave in the upcoming days...
TSLA CallsSitting above the 200 Ma. W a parabolic Sar and a macd cross on the daily I’m liking the august 6th $720 calls. In and out for a day trade or possibly a one day swing
TSLA - If Price Makes The News...If price makes the news, and not the other way around - then around August 12th, 2021 seems like the right time to release some company specific breaking news.
In TSLA's case, we have a ~6 month wedge forming that converges on 8/12/21.
Price is currently coiling in a tight range, and will need to resolve itself directionally within 2 weeks.
Look for signs of accumulation and watch what price does at the lows for clues.
Where TSLA going?Nice move today. Once it closes above 670, retest of 690 possible. Since June, many attempts made to close above 690. If it does close above, can test 720, 745 or even 775 level. To see continued upside momentum, must hold 645, at last 640. Will earnings help?
TSLA 3/day and weekly Trend ReversalOn the weekly for tesla, we are seeing a trend shift on the trend bricks and all 3 trend meters. This is a good confirmation for an entry on a short position.
We will have a 3-day close also in the red.
I would look for an entry on a weekly close confirmation.
Great long-term potential setup.
[TSLA] TESLA BUY SETUP ... TARGETING 950$. looking for strong bounce if price holds above 540$ & equity markets continue to go up.
TESLA Potential BREAKOUT!Since the major breakout in November of last year, Tesla has been trading in a downward trend. Now we're on the verge of a possible bullish breakout. The price has been forming a triangle structure since the start of this year. As seen in the chart, TSLA has managed to break two resistance levels of the triangle pattern. We even see a re-test of the breakout on July 8th. Price also seems to be gaining momentum with three bullish candles since the re-test as well as a strong gain yesterday.
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 - Gearing up for a massive bull run!-TSLA formed the 135 elliot wave and looks like we're gearing up for the wave 5 which is the next leg up.
-Gap was filled below and bounced perfectly on that .382 fib retracement
-We also have a gap above around 724 - 732 which could be the target
-Waiting for a TTM Squeeze to form on smaller timeframes.
-I'm looking at a month out expiration for options.
