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Tslalong

TSLA - 12.06% Potential Profit - Bullish PennantShort-term Bullish Pennant following a 1-month correction interrupting a massive bull run. Multiple new support confirmation in the past few days. I am being very selective lately and I only trade when I see very limited risk, with potentially great rewards. This is why I like this setup. There is no clear technical target, this is why I will adjust stop-losses daily (and intraday) based on how the market behaves. - Target Entry $442.04 - Target Stop Loss $436.02 - Target Exit $495.31 About me - P/L September +49.18% | August: +232.32% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NASDAQ:TSLALong
by maschera
3
TSLA anticipated move to $540 then $600? Medium termTSLA has been the center of attention for the bulls and volatility for quite some time and it is forming a very interesting pattern that I cannot ignore. There are die hard TSLA fans there that believe in the company, there no real reason not to, and there are swing traders that love swinging it because it moves. It is due for a volatile move once again, should we break resistance we'll see a pop that could take up through the high once again. The technicals are building up for it, higher lows, EV potentially, a strong bull market its all coming together, just volume needs to come on board to the upside. We need to see a drastic increase in volume as we break the $460 threshold for the next leg higher. With the S&P 500 potentially hitting 3,600 and the Nasdaq futures led by tech about to make a new high. It just seems likely that TSLA is about to make a leg up pop that we've been waiting for. The targets to the upside are based on Fib extension lines and the volatility that TSLA is associated with could bring us there no problem. The prior TSLA idea we had, the market was forming a symmetrical triangle that could have sprung either way, the more recent price action is expecting a pop higher! this idea is for educational purposes only, any trade or investment is taken and the traders personal risk.
NASDAQ:TSLALong
by TRADEPROAcademy
4
TSLA under pressure from rise of EV! Coiling for a break. UorD? The EV space is growing really fast! With TSLA at the helm so far it's seniority is not being questioned as the stock price stays very much afloat. Tesla so far is the leader and holds true to its product on the streets and continued delivery of cars. However, there are some car makers in the industry that are making a push like Chinas NIO. TSLA has been feeling the pressure from the incoming new "EV" space like SPI. We will have to see a physical product for those companies and the ones to come to be a real threat. Otherwise, it's just like the DotCom boom. Throw EV in your company and the stock price rises 1000%. Due to that TSLA has been coiling. We saw a recent lower higher that suggests some of these bears are coming into this market for a slight push lower. We are coming into that same area and if we print yet another lower high we are going to see some downside pressure come into this market. The key support is at $335-340 should that support break we are going to see $280 on TSLA fairly quickly. Some of the downsides could be attributed to the recent market and economic downside as well. To the upside for the TSLA bulls and the optimistic traders, we are also seeing higher lows. The volume is a little weaker on the upside but the bull side can easily break a new high and TSLA could be headed for the $500 level yet again. It's just a matter of buy pressure. The downside target would be the 100-day moving average which could be around $300 should the price consolidate. Under that level should the market spill TSLA's volatility will cause the stock to plunge.
NASDAQ:TSLA
by TRADEPROAcademy