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Tslalong

TSLAI think Tesla, Inc. (NASDAQ:TSLA) will have a relief rally next week after its dramatic fall since the January peak of $900. The RSI history of this stock speaks louder. Notice that every time the daily RSI drops below the 30% level, the stock makes a dramatic rise in the weeks after. The performance history of a stock is always an important parameter in my technical analysis. Nowadays, a lot of traders sell any stock when the daily RSI touches 70 and buy when it falls to 30, however, you must analyze the RSI history before making any trade. History does tend to repeat itself and the majority of the stocks have more than one life in them. Another interesting factor on this long-term chart is that the uptrend of the accumulation line remains practically intact after this big drop, which means the stock is still on the positive swing. These are few reasons why I think now is the time to take a long position at this one, before the stock changes its trend and heads back higher. The bottom looks to be in and the risk of more bloodshed is a lot lower than it was weeks days ago. Lets see if I am right.
NASDAQ:TSLALong
by SmoothJB
1
TSLA longConfluences: -Tesla broke out of the bearish down trend -Yesterday Tesla gapped up, and closed the gap, retesting the broken (previous resistance) support zone at 668. Therefore it is experiencing very healthy price action -Also lower than inflation numbers report yesterday and the stimulus check will give a good support for TSLA -Tesla is an amazing long-term technology play, especially with FSD coming at the end of 2021 and of course, the massive growth of energy and automotive side. -Short term we may experience draw down but long-term these prices will be very good. Side note: -I scaled in again bringing my average up to 540
NASDAQ:TSLALong
by Fed02
TSLA correction to upside? Should we begin buying the dip? As title states, Tesla is at a demand, S/R zone. Should we begin seeking long opportunities to our prior supply zone which would complete formation of a double top at resistance? With just under 100% to gain, risk to reward is most favorable now if you ask me! Confluence of fundamentals are essential before placing any order. Standby for Elon to save the day, not just for Tesla but NAS100 holistically. All the best
NASDAQ:TSLALong
by rushnft
2
Did Tesla Find its bottom? We will see; $1000+ By summer? 1hr1 hour chart! Hey guys been following Tesla closely! Was hoping for a bull back to break trend and go down to the 400s and possibles 300's. It looks like it may have found its bottom and we may be on track to its previous $1000+ projection! It has got a $900 Price Upgrade this morning and The U.S. 10 Year Treasury yield is going down slowly, Tech is making a comeback! Lets go baby! I go both ways (not litterally) Can I say that any more? Not sure haha! Anyways I am down for Tesla to go down and ride it down and super bullish on way up! Overall long on Tesla! but will make money on the way down! Will update progrress!
NASDAQ:TSLALong
by ArmaanOG
TSLA rocket loading to 1k!? TSLA 4HR - The EV sector has taken a hit all around for the past couple weeks which create great buying opportunities! ...Tesla is in my larger degree wave 4 correction, price seen a steep drop due to overall market sentiment this past week but I can see a possible flat consolidation period before we start a nice bull run... S&P 500 had a decently bullish close Friday and I am expecting we see a green beginning of the week and continue to see corrections for most stocks depending on overall market sentiment (bond yields, interest rate, stimulus, etc.). I can see price going to retest 700 and a drop down to 480-500 level before we see 1k. Keep an eye on volume to validate price action. Lots of Investors, Institutions buying this dip so IMO great point to scale in to shares for your long term. Key Levels --------------------- S: $538.50, $496, $413 R: $615.66, $693.95, $784, $874.37, $905.41
NASDAQ:TSLALong
by jUiCE_Trades
7
TSLA consolidation after S3XY algorithm SELL short positionOn Feb 10, 2021, the s3xy algorithm initiated it's first SELL SHORT position in TESLA. Since it's alert, TESLA has dropped more than 35%. What Next? We believe TESLA will under go consolidation around the 640 to 550 range and then begin to sell off down to 400 by mid June or July. This assumption is based on the daily s3xy continues to remain in SELL SHORT position. Price estimation and target can change if TESLA can trade above 640 for 14 days. If this happens then I would look for a ttm squeeze daily to setup and anticipate an Earnings run up to 900 or 1000. This condition would likely play out as long and increase in probability if the daily ttm squeeze develops prior to earnings AND price trades at least 7 days consecutively above the 6 day ma.
NASDAQ:TSLA
by TOSOPTION
TSLA very clear 5 waves down - The 'A' wave may be finished TSLA very clear 5 waves down and measurement levels are clean. 5 waves down is corrective and has 2 possible outcomes, this being the less bearish of the 2 and i lean towards this more conservative count for now. It looks like tsla has put in an A wave of an ABC correction, and its very possible the A wave down is done. Looking for a B wave bounce to start soon. Other tickers as well as the QQQ have very similar 5 waves down. Price bounced at the 50% fib of an extension fib setup. The longer term target for this fib setup is 1068 as long as 465 doesnt break. Trendline Support. Volume climax at lows. RSI and Stoch oversold. Watching for the start of the B wave up. Resistance into recent supply levels would make sense possibly up to 840.
NASDAQ:TSLALong
by FourC