Bullish Tesla Long TermTesla looks to potentially be going through a Wyckoff accumulation cycle. If confirmed, I would look to enter at the spring and for price to at least match its previous high (more likely to $1000 in my opinion).
Tslalong
Tsla Giant Wedge Entered Tsla on a swing long strategy. Seems like price action is breaking down of a wedge that formed.
Tesla 05/09/21 Possibilities Daily TimeFrame Supply area remains. Channel higher lows, consolidation, test, consolidation, followed by higher high, can it continue...? Notes on chart :)
TESLA to the MOON ! EV will boost your account TSLA LONGReasonable target price I would like to recommend is
$750
TSLA - Elliott Wave AnalysisTesla, the most favorite stock for retail investors, is in search of 'E' in correction pattern of Elliott Wave, once 'E is confirmed, the bull run begins for the next wave up and it's bound to surprise with the big bull run again.
~Happy Trading.
TSLA S3XY WEEKLY SETUP Last Trigger was a WINNERTSLA on the daily time frame is still consolidating and most likely building a base to move higher or lower. In the past, S3XY algorithm, which is a back-tested algorithm using 11 years of data, has produced some amazing results and gains, especially when two major time-frames are consolidating and trading within a price range +/-20. At the time of this writing, May 4, 2021, the S3XY algorithm is currently signaling SELL SHORT position, which as provided some profitable trades for time-frames lower than 30 mins. However, on the weekly time-frame, the S3XY algorithm is still neutral and both the daily and weekly are scanning or squeezing. The last time TSLA daily and weekly charts displayed a scanning/ squeezing position, TSLA moved from $167 to $896. We expect this to repeat again with Fibonacci projection targets near the psych level $1000 and above. This would require a firm breakout above 877. Our plan is to wait for the daily to at least trigger a BUY and then begin entering long term positions in the Sept and October expiration dates- monthlies in particular. For additional confirmation, it would require the Weekly signal to also trigger a BUY. If these two time-frames end up triggering BUY levels concurrently, then there is a high likelihood that the price action in 2020 will repeat itself and propel the TSLA share price well above $1019 and possibly toward $1724. At this moment, we will assume short term target is $1019 and any additional news that may drive the share price higher will encourage prices to move to the next fib targets as shown in the chart.
Enjoy
TSLA - Over 720 is BULLISHWedge pattern forming at the moment for TSLA.
Price action for TSLA and NIO was very interesting on friday. Of course, NIO follows TSLA and heavy buyers came in to buy the dip on TSLA. For the first time in a while, TSLA outperformed SPY which to me is a bullish sign. I think momentum will carry TSLA now.
Currently in TSLA options that are up 80% for next week as well as spreads for the week after. Looking to go heavy in on any TSLA dip.
Clear break above 720 is very bullish in my opinion and TSLA has had many PT upgrades and remains cheap compared to other big cap names. Many bullish catalysts such as FSD and gigafactory production coming. Q2 will likely be a blowout quarter again.
Cheers.
Tesla - Bearish bear flagIn contrary to my other post which pointed out a bullish pennant, there is also a bear flag forming on the daily chart. This does not look good for bulls since if there is a break below the flag, it may turn nasty. Hence, it is better wait out before impulsively buying solely on the bullish pennant.
Note: Not financial advice. I bring the evidence, you be the judge and jury (always do your own research).
Tesla - Bullish Consolidating Triangle/Pennant on DailyA bullish pattern is forming on the daily chart for Tesla, which is known to be a consolidating triangle/pennant. As we all know, TA is all about the price patterns repeating themselves. This can be a clear example of that. As you can see on the left, in 2020 we saw a clear consolidating triangle forming around $400-$500 range, and soon after, it broke out above towards $800+. Now, a similar pattern is forming, suggesting a move to the upside. The only problem is, pennants can also go the other way, so there is a slight chance that Tesla may drop. Additionally, we must be wary of the bear flag that is also forming on the 4-hour chart. A break below could see fresh lows. So it is worth to wait and see as there are a lot conflicting indicators at the moment. Long term, the chart looks bullish but on the other side, the bear flag (see other post) is immensely concerning.
Note: Not financial advice. I bring the evidence, you be the judge and jury (always do your own DD).
TSLA - Hidden Divergence? NASDAQ:TSLA
Yo!
So.. Looks like a bullish sign!
kind of crazy with all the news and reports...
you can see on the snap all targets and resistance
Have a nice week end ;)
t347.
TSLA at pivot point for move upTSLA has the ability to test up to $718-$720 within the next week.
If it can hold demand above the $701-$704 range after a test of those levels, the next price targets in the above range start at $729.40 with a high range of $749.30
Topside supply of this move comes in the ranges between $760 and $780.
A break of this upper supply range gives TSLA the ability to retest the red-trendline gap resistance. The price target for this move would depend on when TSLA is able to find a lack of supply below $780.
The drawn arrowed lines indicate an important trend progression for TSLA in deciding whether it will be able to test the above range.
A break below the drawn tan downtrend line will likely see TSLA retest the lower light-blue trendline support.
$TSLA - charting stonks stinks, make it 24/7A good place to bid some TSLA may well be this ascending trendline that has confluence with the golden pocket of previous up leg
Could treat it as a swing with stops below 619 and TP's around 815
Might make this trade on a crypto exchange to try the tokenised stonks out
I hate charting the gaps. Bankers need to control the open and close so they can manipulate when they are awake!
TSLA - BREAKOUT JUST BEFORE EARNINGSMultiple indicators pointing to a big breakout just before earnings for Tesla this coming Monday. Dogecoin has distracted a lot of investors in the news lately, but is losing steam. Tesla will undoubtedly smash earnings estimates - the question is by how much. Tesla started off today with a big gap up that was filled shortly thereafter, and was weighed down by S&P headwinds with the overall market down on the day. Aside from the Chauvin circus coming to a close and the potential ramifications it could have, expect the S&P and Tesla to finish the week strong in preparation for next weeks earnings.
This weeks target: $755-$772
Expect moderate resistance at the $745 level, but short of the market at large weighing on tesla if other earnings reports come up short, expect Tesla to continue trending upwards with a price north of $800 by earnings day not out of the question.
TSLA Sling Shot?The PE of Tesla worries tha hell off my guts, but as a trader my greedy side tells me there's still a bit of money to be made. MACD looking like it still has some leg to go up, Stoch RSI Bullish but Overbought, bullish symmetrical triangle... this consolidation in this symmetrical triangle is my bullish bias looks like it's preparing to blow that resistance trendline, now let's look from a bearish perspective, TESLA has the highest PE in history :D, ABC correction in play? Earnings will be announced on the 5th of May 2021 (ok ok this is not a bearish sign itself but none the less...) RSI almost hitting resistance area (however this can be broken thru) Stoch RSI Bullish but on the overbought area I'm not in a position in TESLA at the moment but will Long if symmetrical triangle breaks to the upside.
This my opinion and mine alone don't take it as an investment advice, i'm not a financial adviser!!!
I am bullishIt hit the 78.60% fibonacci line on the nose and is oversold. I am bullish with this one .
(not advice)
780 USD is the key level on Tesla chart780 USD is the critical level on TSLA chart. I think so, it will be broken. The question is: if it happens before the earning (26th April) or just after that.
TSLA bounced from top of the box! Still on target to 800 !So far, nice bounce from top of the box. As long support holds (on top of inside box), I think it is on it's way to next target of 800.
TESLA Journey to Double Top?G'day Guys
Here we go for today analysis for TESLA. As projected previously, this pair heading north.
In weekly perspective, this pair look like on the journey creating Double Top. A lot things happen recently with Tesla which is, push the price go higher.
Yet we already see this happen what a next move on the pair.
Let's see what happen next on this pair.
Cheers
UPDATE on the MOTHER OF ALL WEDGES (TESLA)What I'd like to see now:
-The fill of the gap at 775
-A retrace to the broken consolidation area
-The fill of the gap formed today at 700
Here is where I will add more shares to my Tesla position (trying to make Tesla 65% of my portfolio from 60%)
-And then a continuation to A: break the wedge and go back to 800+. Or B: Consolidate between 720-780 range waiting for Q2-3 catalysts.
What do you guys think?
My portfolio was really happy with TSLA, PLTR and BTC today
