TSLA - Breaking out & set to jump - $765-785 by week's endChart is pretty self explanatory and simple to understand which means tons of other traders recognize the opportunity as well. Expect investors to start piling on to TSLA again in the very near term with next pullback in the 760s. Short of that double bottom upward trend line breaking - it's all systems go on Tesla
Tslalong
TSLA is always a long for me!Most people don't know how to evaluate a company. They take one good look at Tesla and think because the PE ratio is high that Tesla should be given the corporate pariah status. Tesla is much more than just a car company, it's an energy company and a software company. I also keep hearing people say that Tesla's competition is coming. They use GM, Ford, Hummer and other ICE vehicles manufacturers in order to perpetuate this false narrative that Tesla will reach a detrimental phase. While its true that these ICE vehicles companies are transitioning to electric vehicles it doesn't necessarily mean that they will be profitable. Let's not forget that Tesla is the only Electric vehicle manufacturer that has actually turned a profit. What's more, the so called "competition"
has only released proof of concepts and models to showcase what's to come and some of these cars are only coming out in 10 years. The only true competitor for the vehicle segment of Tesla is teleportation. I'm always long Tesla.
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TSLA another 61.8 fib rejection on the dailyWe again tried to break the Fib extension at 61.8 another rejection at the 706.8 level.
We are looking at three possibilities
1. a return to the .5 fib extension
2. a bounce off the fan trend line
3. a short-term consolidation and a breakthrough the 61.8 if congress extends the tax incentives for EV's to TSLA (and GM) for cars over 200K. This would bring huge buying potential to new cars and new production orders in the US market for the M3 and MY as their base models fit in that area.
Over the long term we are still bullish on TSLA and hope to be in the future. TSLA is more than a car company...
TSLA - Hidden bearish Divergence to a possible wolfe wave Yo!
The green and red boxes shows my targets ranges.. Im overall bullish.
Even if the wolfe wave failes this targets also found with Fib! ( so for me its two tools gave me same targets.. )
*The lower red box is just an extrem possible target.. ( no panic please :)
Have a good trading day!
t347.
The mother of all wedges, TSLA to MARSTesla has been repeatedly moving with the same pattern, the wedge.
Now, a massive wedge is forming, meaning a massive move is coming.
Tesla's future is bright, I'll definitely be adding in this consolidation area.
What do you guys think about Tesla's future?
Because for me I am extremely bullish!
TSLA - From 24 Feb - Harmonic in playYo!
700ish zone - Due to good news from tesla and Fib target looks like good target.. may overshoot or go down to resistance..
800ish zone - overall bullish till this zone. this harmonic in play for a while now worth looking into! (it may see all over the place you can switch to Daily candle you'll see better the harmonic)
Monday will be interesting!
t347.
NASDAQ:TSLA
TSLA PT 04/2021Many bullish indicators for TSLA, falling megaphone retest, inverse h&s throughout the last month, Wave 1 impulse post-correction, currently riding Wave 3 which is set to take off during this April melt-up. We just finished our Wave C corrective pattern & are back on the bull for TSLA.
Betting on 700 next week.
TSLA heading towards ATH and will continue the trendLooking at the chart, its clear that Tesla has bounced very nicely off the gan fan 1/1 line. It has followed this trend quite nicely and each time it tests this line, it tends to break out and continue it's move back up.
I like this trend and continue to see it following this range box. As you can see, we should break out to the upside, looking like we may even see $1300 price tag if the trend is our friend.
We also have the hull indicator turning green while the price has regained the EMA 12 line.
TSLA Algorithm looking to go long!TSLA algorithm went long on March 31st on the 30 min timeframe around the 613 level and ran up to 668! We were able to catch this wave and made a good profit. We are looking to build position once TSLA Algorithm signals long on the daily timeframe which could have huge move to the upside going into earnings!
The plan is to wait until the TSLA algorithm enters into a long position on the daily timeframe with TTM Squeeze setting up. RSI is also reversing back into the 50 level which is a good sign along with the MACD signaling a bullish reversal. This can be a big potential move for TSLA and could be our biggest trade for the year yet!
TESLA giving out Electric trades!!!Hey everyone, hope you all are having a great week :)
Today's stock analysis has been requested by my followers a countless of times. So by high demand, here it is the long awaited NASDAQ:TSLA analysis.
*PRO TRADER TIP*
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
NASDAQ:TSLA
Fundamental Analysis = LONG Term (BUYING)
Technical Analysis = SHORT-TERM (SELLING) (USD Value increasing causing stocks to pullback)
Sentimental Analysis = (BUYING)
To better explain:
This means that right now momentum is headed downwards technically but the overall trend is still up fundamentally and technically.
So since we know the overall trend is upwards but we are currently headed downwards in the short term it creates yet another perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market.For those of you who don't know. Which is traditionally applied to the low & high of a trend. Here were my results:
As you can see in the chart above we have already retraced with a spike that tapped our optimal 61.8% buying level at $547.20. Markets are still showing downwards momentum that can cause this to go down for a deeper pull back into the 78.6% fib level near $451.20 which would be an absolute bargain price.
*DISCLAIMER* Take the scalp short trades at your own risk these can be a bit more risky since we are still technically in an uptrend.
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
LOWER RISK, HIGHER REWARD TRADE
LONG (SWING TRADE) 1:5+
23.6% = $765.40 (BUY)
38.2% = $682.00 (BUY)
50.0% = $614.60 (Great trade opportunity) (BUY)
61.8% = $547.20 (What i consider the PERFECT IDEAL TRADE) (BUY)
78.6% = $451.20 (ABSOLUTE BARGAIN!!) (BUY)
Stop Loss @ 350
Take profit 1: $900.40 at the previous ATH . (All Time High) Be patient and trust the process. When this level arrives close 50-80% of your trade and allow the rest to run for risk free trades.
Take profit 2: $1000 any where from 5-10% of your original position should be left running beyond this price. (New entries will be given if this target is reached)
HIGHER RISK 1:2 SHORT TRADE (SCALPING ONLY)
23.6% = $625.00 (SHORT)
38.2% = $677.25 (SHORT)
50.0% = $719.50 (Great trade opportunity) (SHORT)
61.8% = $761.70 (What i consider the PERFECT IDEAL TRADE) (SHORT)
78.6% = $821.81 (ABSOLUTE BARGAIN!!) (SHORT)
STOP LOSS @ 903.50 (SHORT TRADES)
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