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Fun Time Approaching For Tesla! (TSLA)I am highly interested on tesla as we approach an edge play at all time highs! Followed by the massive market crash tesla has ran non stop on the larger timeframes to the current position of 885.66, that is a lot of rocket fuel! 👨‍🚀 BEAR SCENARIO: What your going to want to look at on the daily timeframe is to watch for the Crossover strategy take place. We want to see the green candles compress for a red doji crossover for interest on a potential massive short position. Once we ge the cross confirmation the next step is to start to see the red candles cross over the green line that it has been trending above since the bottom. That is how we will spot the Resistance pressure. We notice on the ema dots below we have one confirmation of red dots printing, we need to see them all line up and follow. Your strongest confirmation is when the candles and the ema dots align. That is the money shot. Like we say in say in our course we always use tight stip loss in case of a reversal! 1-3% BULL SCENARIO: We already have green candles in motion but the current Resistance level we are watching is 910.04. As we approach this edge we want to look for a breakout to fire long. So if we can get price to break we will fire long and apply our stoploss and continue to track tesla based off the ema dots and the Crossover strategy. Our stoploss will become 1% on a break back low then to reverse to a short and play this level till we get pull on the new long term trend. (Tight risk management on breakouts) A breakout like this your going to see a pullback to test it to see if the highs are a new level of support or just a fakeout. If bull pressure can snap it and really kick in you should be solid. If it hesitates then you know something is up. All time highs are a great spot to look for a very long term position. 910.04 is your money level. Play the strategy to the book. We will be using the daily and the 3 day charts for this one. Will stay updated on tesla as I scout it. Best of luck, enjoy your sunday and have a blessed day! 😁❤✌😁❤✌ ⬇️ Drop some comments and let us know what you think will happen next! ⬇️ 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:TSLA
by UnknownUnicorn2319099
35
TESLA (TSLA) to trade at 1,426 $Big bullish call on Tesla. OVS squeeze pattern on the 4HR timeframe giving us a projected price of 1,426 $ for Tesla before the end of July. Our entery was at 816.35 $ with a SL at 798.60 $ First projected target is around 894 $ and we expect the market to 'stall' and take a little break there before moving on the the second projected key level at around 995 $ before we expect a little further 'rest' and a pullback before heading on to our full target price of 1,426 $ for a R/R ratio of 33.8/1. This comes quite a bit later then when we entered a trade, but better late then never. If you have questions on what the OVS is and how it is traded feel free to post your questions. Remember; Trade smart & Trade safe
NASDAQ:TSLALong
by samurai110
8
Tesla May Rip Toward $1000Yesterday, U.S. equities closed in the positive after posting losses early in the trading session. It was an impressive rally off the lows, with strong buying across the board. Notably, market leaders such as Tesla and Zoom were able to hold support during the decline, further cementing the bullish case for more gains in the coming weeks. This morning we look at Tesla (TSLA), Zoom (ZM) and the SPDR S&P 500 trust (SPY). Elon for President Elon was all over the news this week when news broke that he was reopening the Tesla Fremont factory despite restrictions. This act was viewed as heroic and as stupid by others. In my view, go Elon! Below is the daily chart of TSLA. I am on the record of being bearish TSLA two weeks ago. I'll never hide a call here. I was wrong! What we see on the chart is obvious consolidation and higher lows being established. There is a lower high, but I chuck that out as FOMO buyers. With volume in decline, along with price being supported by the 20 SMA and the appearance of an ascending triangle. The TSLA chart primed for continuation to the upside. The question now remains, how much upside? Above, is a 4-hour chart of TSLA. Here, I place my proposed Elliott wave count. If you are not familiar, wave 4 consolidations tend to be triangular. TSLA is within a potential ascending triangle and could be setting up for one last push higher before a correction. I think the TSLA chart will test and potentially break its all-time high. The 1000 psychological resistance could be a logical area where selling comes in strong. This morning I look to buy any dips. Bias: Bullish . Zoom Remains a Leader I have been watching ZM very closely over the past week and full disclosure, I have bought some stock as of yesterday. Sometimes simple is better. The chart below is ZM on the 4-hour. Another ascending triangle . There are probably loads of other stocks with this same pattern but the reason why I like ZM and TSLA is because eyes are all on these companies. People want a piece of what is hot. If price ends up breaking out to the upside with only blue skies above... just use your imagination. Bias: Bullish . Sorry Bears The only explanation of what is happening in the stock market is irrational exuberance. Instead of fighting it, let's play it to our advantage. Below is the 4-hour chart of the SPY. The buying off the low yesterday suggests that the interim low is in and the trend remains intact in favor of the bulls. More proof? The charts above. The market leaders have not retreated nearly as much as a bears would have wanted. It is simply too difficult to trade this market to the downside. Don't over think it. Bias: Bullish . I'll be back later today with an analysis on the weekly candle close. Happy trading!
NASDAQ:TSLALong
by DailyClose
5
Tesla Daily:- BullishFundamentals:- - US Factory & Giga Factory stopped production (Both Reopening!!) - COVID-19 (Fear of second wave, this may be a nay, as we might need to live with it till the vaccine day.) - Battery Day (Which likely will extend due to Covid-19) - Tariff (Might and might not impact ) Looks like Alameda county reached a deal with Tesla on Reopening, now it is all good to go bullish, a matter of how much sales that Tesla are capable to close then. Last but not least, be extra cautious on the COVID-19(second wave) and Battery Day (Plant resuming, discussion will begin asap.) Trend Next Resistance:- 820 Safe trade and stay healthy. Cheers.
TLong
by EricTayb0
Tesla Climbs The Highside. (TSLA)Symbol: TSLA Massive size swings with the wild beast Tesla. Late 2019 and 2020 have been a crazy ride from lows of $340 to the $905 range to only follow up with a drop to the mid 300s. This one has the Volatility that you need as a trader. Awesome stock. The breakout was around the $500 mark where the Crossover has been green since and with a fakeout to the downside 6 days ago. As we approach and test these highs it's quite simple to understand that the 905.72 level is Resistance and we must break out. A break on 842.77 could be a nice breakout to play for a move up to the 905.72, than the test. As we approach these levels we will pay close attention to the Crossover strategy for a signal of weakness to fire short. If we fail to breach up, I than think a short to 672.64 for a test as support than a break down I think we go to 540.54. Very high Volatility and lots of opportunity with tesla. I will stay updated on this post for further tesla updates below. Have an awesome trading week! ✌😁✌
NASDAQ:TSLA
by UnknownUnicorn2319099
7
Tesla (TSLA) AnalysisTesla (TSLA) Analysis for Week 5/10/20 TSLA over the past couple of weeks has shown a strong uptrend. It is no different here. It will continue up to price 942.00. As you can see, there is increasing volume, MACD > Signal, and it is nicely rejecting off the trendline. If the Volume Profile around 942.00 increases, expect TSLA to continue an upward trend. If it does not, we can expect it to knock out the High before shooting back down to wherever the POC will be at in the future. My bias is long here. Hope you all enjoyed the analysis and please feel free to hit the like button!
NASDAQ:TSLALong
by StarFoxGalaxy
What are Tesla Bulls Waiting For?U.S. Markets finished up over 1% for the day, setting up an interesting end-of-week trading session. The jobs report lands tomorrow at 8:30 AM EST. and will likely determine the next trend. Today we will go over the PowerShares QQQ (QQQ) and Tesla, Inc. (TSLA). But, first I want to mention that a few days ago I posted a GLD chart stating that it was setting up for some upside. Today may have the start of that upside. Could the market be front running the jobs report tomorrow and could Gold be the sole beneficiary? Another hot name of note today was Square, Inc. (SQ) which blew up for nearly 10%. If you read over a week ago I mentioned that SQ was setting up with a cup and handle pattern and a measured move target of 73... target met. All the "HOT" Tech Names Reported...Right? It's obvious, tech has contributed to a vast majority of the rally off the March low. That is why I have been tracking the QQQ so often. The question I have now is, have all the hot tech stocks reported earnings? Nividia is the only one I can think that hasn't reported yet. Just something to think about. Below is the 4-hour chart of the QQQ. I zoomed in a bit to get a cleaner shot of this rising wedge. Normally bearish, though there are instances when there are upside breaks. At times there are throw overs . Which happens when price breaks out from above the wedge then quickly reverses back into the wedge. Typically this turns out to be a strong reversal and has happened before on the Nasdaq-100 (NDX). Check the chart below. The result of the throw over can be seen above. Unfortunately, back in September 2018, price reversed back up but eventually met the lower bound of the rising wedge which acted as resistance. Eventually, the NDX declined 23%. This is the scenario I am looking at. Current price action may lead to a throw over so watch for this potentially tomorrow. Bias: Bearish . Elon and Joe...Again I haven't listened to or watched the latest stint of Elon Musk on the Joe Rogan Show, so I can't speak to that. I can talk TA, and TSLA, a normally volatile stock traded sideways today netting a loss of -0.32% for the day. Perhaps the calm before a larger move to come? Below is the 4-hour chart of TSLA. Chaikin continues to mimic itself from over a month ago. Price is also consolidating at the high below resistance while inching closer to trendline support. The longer it takes for the TSLA bulls to follow through the more bearish this chart gets. Keep an eye on TSLA the next few days, as it may be the key to the market. Bias: Bearish . I'll be posting early in the morning ahead of the jobs report. I'll be taking a look at the VIX and Silver. Have a great evening!
NASDAQ:TSLAShort
by DailyClose
2
TESLA: Can we exploit a tweet?Tesla did a sudden retreat over a few hours. It was caused by a tweet. Unfortunately I'm not at liberty to say who made the tweet. DYOR. The point is, if you look at the 1H chart TSLA is back on a bull run. The tweet in question was just a minor 'itch' caused by the tweet. Sorry - I don't do predictions, so there is no advice on entry points or targets. In fact I don't deal with targets at all. Note carefully that TSLA is a very volatile stock, especially on 1H time frame. If you take a position long on this you stand to lose money, in attempting to make money. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NASDAQ:TSLALong
by Captain_Walker
2