Tslalong
breakout of tsla, be awareTsla for most of the week has been repeating, sideways and bullish to rejections!
squeeze coming be ready and as for the options trading remember to add stop loss, tsla deals with alot of volatility, if u do not understand ur setup or are nt getting any opportunity wait or do not trade hot stocks like tsla
It will once again a good day for those who will be at the right side
Did Tesla really reach the low?Did Tesla really reach the low? - the answer is YES! (Probably) as we did a analysis weeks ago providing the 0.66 of the Fibonacci as the low but for the people who think its over you can still daytrade at the VAH or at the top blue line and take a short position since we're still in a "Range"
TSLA LONG on the Daily algorithmTSLA S3XY algorithm initiated a long position on the daily time-frame on June 23. The weekly signal remains neutral and if both daily and weekly are long then we have a potential price explosion for tsla that could retest and break thru $1000. Daily Long position is very bullish and likely the early signs of TSLA making another attempt to run up to $1000. Before $1000, there are three psychological levels - 700, 800 and 900. There are two time aggregation periods that suggest the price level of 700 will be taken out this week based on the famous BLT candlestick combination. These combo candlestick setup can be viewed on the 2D and 3D aggregation period. We have opened two positions and likely to continue to add more for July and august monthlies. S3XY on the 30min time frame is long and we also have a full position using common shares.
TSLA wedge breakout attempt on dailyI have been watching and trading TSLA for a long time and this wedge breakout is finally coming, if you take this it will move fast one way or the other, My target is at least 770 because a major peak is there, but I am very bullish on this, you can also take profit at the levels I marked in red if you want to exit before 770, this is not financial advice. I do have a position, a very big one. #tsla
TSLATesla, Inc. (NASDAQ:TSLA) started the day negative but turned things around to close up nicely on decent volume. Keep an eye to see if it can break out above the $635.59 level next week. The stock shows signs of a trend reversal. Trajectories of momentum indicators on daily charts also suggest uptrend for the stock. Long setup on watch.
TSLA : Possible Breakout Or Another False Break?Hello Everyone!
NASDAQ:TSLA has been struggling to break above 21 day EMA since it became bearish (in short term) in March when the 21 day EMA fell below the 50 day EMA. One exception happened in April due to sales reports, analyst price targets and earning expectation (?) when it succeeded to go above the 21 day EMA but that move did not sustain as we can see. In May it even went below the 200 day EMA to retest the strong support around $546.
Since then it has formed a wedge structure testing the 21 day EMA multiple times. It is expected that at some point NASDAQ:TSLA will break out of that structure. Price actions in last 3 days have formed a "variation" of the Morning Star pattern which is signaling towards a bullish move tomorrow or early next week (Friday, June 18 onwards). Whether this move will follow through and the wedge structure will be broken in the upward direction can only be verified by the price actions in coming days. Which will also depend on the economic news and overall performance of NASDAQ:NDX given the index has hit all time high today.
Assuming that NASDAQ:TSLA will sustain above 21 day EMA with this move, we can expect it to test recent highs such as price level $635, the $10 Gap fall between price levels $723 & $733 and price level $780.
If in case the upward movement doesn't sustain and the wedge is broken in bearish direction, NASDAQ:TSLA will again test the support level $546. For now I am leaning towards the bullish position more but the possibility of a false break cannot be overruled given the stock's recent performance.
Hope you will find this analysis useful. Please feel free to post your opinion and support my posts if you find them useful.
Thanks!
TESLA LONG intraday fibonacci trading $TSLAIntraday trend likely DOWN
We can take BUY positions at these fibo levels :
N1: 598
N2: 586
N3: 567
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (542)
TP could be @ Fibo level 0 (616)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
TESLA LONG intraday fibonacci trading $TSLAIntraday trend likely DOWN
We can take BUY positions at these fibo levels :
N1: 607
N2: 602
N3: 593
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (581)
TP could be @ Fibo level 0 (616)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
$TSLA bounce hereWhats up everyone, first time posting here. Had to get confident enough to pretend like I know what I am talking about. 🤪
So Tesla has been on a continuous downtrend since its last peak of $850-885. Many factors have played into this; including Elon Musks negative tweets on (Bitcion/Doge) overall the crypto space, and due to precious materials like lithium and the data chips inflating due to less supply... This In my opinion dropped the price, with the help of downtrend pressure, bad news just adds as a catalyst.
As of June 10th, Elon is about to surprise his awaiting investors/customers with the new car trim "Plaid" this with the addition of weekly support both vertical and horizontal on the (W) chart (red colored lines), can be a juicy catalyst setup for a good bull rally.
I am personally longing 2 contract calls expiring next Friday the 18th. What signaled me to buy in was rejection of both the weekly uptrend being used as support still and the fact that the 50 EMA was used as support as well.
Now personally I've noticed in my years of studying, that Weekly and Daily have to sing to each other and be tuned perfectly for a breakout of either side from PA if not it will range which can be way worse than just being wrong on a trend trade. As you see, Daily uptrend/downtrend are in orange, and currently we have broken out of the short term downtrend and now made a new short term uptrend. Daily has also taken back EMA 8 20 and 50 showing short term uptrend has strong momentum along with the MACD flipping green I believe we might have some space for more upside movement.
My entry for my options currently are @ $599 strike, my SL will be if any Daily lands under $590 and my TP is the 200 EMA for the (D) $635+ which on the (W) chart shows it is currently the 20 EMA and the top range of the downtrend.
This is not financial advice, just my TA on my bias for Tesla🦬
❗IMPORTANT❗
(W) Red Lines
(D) Orange Lines
(EMA 8) Blue
(EMA 20) Green
(EMA 50) Yellow
(EMA 200) Red
If you understood my TA and liked it, please give me a fat thumb and drop a comment, would really give me insight on how I'm doing, and it would really help me out alot by adding to my strategy. Markets are consistently changing its behavior so learning is abundant in this sector!
TESLA LONG intraday fibonacci trading $TSLAIntraday trend likely DOWN
We can take BUY positions at these fibo levels :
N1: 597
N2: 588
N3: 574
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (555)
TP could be @ Fibo level 0 (611)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL
TESLA LONG intraday fibonacci trading $TSLAIntraday trend likely DOWN
We can take BUY positions at these fibo levels :
N1: 595
N2: 578
N3: 551
DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME
Examples of SL and TP :
SL could be @ Fibo level 4 (513)
TP could be @ Fibo level 0 (623)
Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL