Get started

Tslalong

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
TSLA. Is the correction over? Time to Buy!After my idea about a correction in NASDAQ:TSLA , it's time for a follow-up. There is strong support at $560, while our target for 2021 is above $1200. So it makes sense to buy and buy aggressively at these levels. I see pre-market today opening lower than last close, but that doesn't bother me at all. The scare from rising interest rates is already priced in and has already taken effect over the past two weeks. Do not over-lever your trade. That's just my opinion. The absolute low in my estimation is at $440. So if you lever 5:1 for example, you might easily get liquidated. Dow Jones ( TVC:DJI ) has room to fall until 27000. That's a 10% drop from current levels. See the following chart. But the S&P500 has only 8% room to fall before it reaches major support. Judging by previous drops, that usually translates to a 16% drop in TSLA, which takes us to $560. Conclusion : TSLA is at a strong buy in my opinion right now and all the way down to $560. The risk is low but the reward is high short-term and extremely high long-term.
NASDAQ:TSLALong
by TechNerdOmar
TECHNICAL - GAP FILL - Tesla - The Beast Will Rise AgainTesla has entered my buy zone from my previous short on Feb. 9. I like to take the trades that no one else will take... That is the life of a contrarian investor. FA: - Jerome Powell speaks today at 10am... Market overreaction to speculations of liquidity crisis, bond yield curve, interest rates, etc. - Tesla is still one of the most important companies TA: - Perfect Bullish Bat - Oversold on Bollinger - Strong support level here from previous resistance - 0.618 Fib level would be better, but I think that's too greedy - Speculating that daily candle will be reversal candle STRATEGY: - Entry: 676 - Entry 2: 575 - TP1: 788 - TP2: 1035 - SL: 521 - RRR: 2.35 - Wave 3 PT: 1400 The Bubble is just beginning my friends, "The Big Short" is not so easy of a trade...
NASDAQ:TSLALong
by UnknownUnicorn1043646
TSLA recovers!TSLA on the opening hours made a huge drop of 10 per cent down but then it recovered back from its 600 low all the way back to 700 after hours today! This is an amazing buying opportunity as it showed in times of turmoil, stocks recover back. This resembles the SPX drop of 30 per cent while not as big in magnitude, it had the same huge drop then a V-shaped recovery back to normal and this may show we are heading to all-time highs! Warning! I am not a financial adviser and take this with a grain of salt. Happy trading!
NASDAQ:TSLALong
by informalStar16695
TSLA's doing it again. Don't be fooled. 1:5 Risk-Reward Trade.I'm expecting a great 2021 for TSLA overall, regardless of what investors and traders decide. I've drawn a premature triangle representing the region between two levels which I believe are crucial support and likely resistance for the next month and a half. The resistance I based on multiple different Fibonacci extensions drawn out from multiple swings. The support is crucial, not because I believe firmly that it will not break. Rather, it is crucial for this moon move. If we are going to the moon in March, then this support should not break. That is my thesis. I've also drawn out some key levels from previous charts. Bear in mind that this triangle matures once we have hit and reversed off of its top and bottom sides at least three times in total. So until now, the trade is not confirmed. However, if you're already long TSLA from my previous posts, then the stop loss should remain as it was at $722.9. This makes the potential loss about 9%. The target is the height of the triangle, supposing the triangle will mature and then break to the upside. That's a target of $1270, a 49% potential profit. Of course the moon is much higher than $1270. That's why I call it an initial target. The achievable moon for the year 2021 is at $2400 as I imagine it. Either way, let's observe and I will keep updating this idea as exciting TSLA price action unfolds.
NASDAQ:TSLALong
by TechNerdOmar