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
Tesla to retest $500 mark.Tesla is in ascending triangle which has bias to break to the upside.
Good fundamentals and strong demand.
RSI is also in ascending triangle .
I expect the price to either retest the uptrend line or break the $460 mark and go for $500.
How to play this?
So either buy the break of $460 or set a long position at $415 for improved reward.
Good luck!
Tibor
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.
TSLA Still Range Bound, Can't Breakout Without A close Over 431Keep watching TSLA close, it's falling inline with a lot of the other QQQ and Big tech stocks we mentioned in other ideas. AMD, AAPL, QQQ, NVDA and TSLA are coiling tighter below key resistance levels.
If TSLA can get a close over 431 it could finally trigger the move the 450 and 500+.
TSLA bounces to $439 off double-bottomTSLA bounced off $408.5 low yesterday after-hours. This was the second bounce off this price for TSLA in the last 3 trading days, forming a double-bottom, which is a bullish pattern.
TSLA had a strong bullish day today and more importantly it's once again above its hourly 13 EMA and 30/50/100/200 SMA averages.
Our target for TSLA is $439 which is 161.8% of today's high.
Happy trading!