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TSLA close analysis 6/21/2023Is this the end? Nah I don't think so. Not yet anyway. A bold prediction drawn in black. Sweep the lows, then shoot up after finding some buyers. But SPY also needs to hold and SPY sure looks alarming. Today was nothing but selling for TSLA though so bulls need to show some life early tomorrow and get that momentum going back up. Otherwise, that gap void at the 240 zone is going to be a magnet for price action. Zoomed out, I still really like the dashed trend line for support as well. Trade plan: Stick with longs unless 255 breaks, then I'd switch to scalping short. Look out if the bottom drops on SPY like it's threatening.
NASDAQ:TSLALong
by upslidedown
Rivian Joins Tesla's Charging Network - A Major Milestone!I am thrilled to share some exciting news that will impact the electric vehicle industry. Rivian, the electric vehicle startup recently made headlines for its highly-anticipated R1T electric pickup truck, has joined Tesla's charging network. This is a significant milestone for the industry and a clear indication that Tesla's technology is inching closer to becoming the industry standard. As you know, Tesla has been leading the charge in the electric vehicle market with its innovative technology and forward-thinking approach. Its charging network, the largest in the world, has been a major factor in its success. With Rivian now joining the network, it is clear that other automakers are recognizing this infrastructure's importance and looking to follow in Tesla's footsteps. This news is significant not only for the electric vehicle industry but also for traders like you. It indicates that Tesla's dominance in the market is not going away anytime soon. As more and more automakers adopt Tesla's technology and infrastructure, it will only strengthen its position in the market. So, if you haven't considered trading Tesla, now is the time. With this latest development, it is clear that Tesla is still the leader in the electric vehicle market, and its stock will continue to rise.
NASDAQ:TSLALong
by bryandowningqln
1
Tesla -> The Sky Is The LimitHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Tesla stock recently perfectly broke above a longer term bearish trendline in confluence with support at the $160 level and then created a rally of 40% towards the upside. You can also see that from a weekly perspective Tesla stock is currently testing a major weekly structure zone which could now act as resistance exactly at the $270 level so I am now just waiting for a minor pullback before I will then look for the continuation towards the upside. On the daily timeframe however you can see that Tesla is far from creating bearish market structure, there is no sign of weakness at the moment so I am just waiting for Tesla to slow down at the current leve and then I do expect a minor pullback towards the downside before the longer term bullish continuation. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:TSLALong
by basictradingtv
57
Is TSLA overbought and ready for a retracement?TSLA has run up over 100% this year in two separate waves. Some traders based on the the magnitude of the current wave say it is overbought? But is it or are they just trying to rationalize a short trade at what they think is the top? Are Jim Cramer and Kathie Wood wrong? On the daily chart of TSLA, I have added a long term volume profile, an anchored VWAP with lines for the mean and = /1 two standard deviations. I have drawn two zones of horizontal resistance based on pivots in the past couple of years. Zero-lag MACD and RSI indicators are added as well. I make the following points: (1) Price is above the high volume area of the profile but not significantly so. (2) Price is below the resistance zones and TSLA may have enough momentum to break through them without hesitation. (3) Price has crossed over the mean anchored VWAP but has a long way to go before it ascends to the second standard deviation where institutional traders may be prone to take short positions ( overbought) (4) The MACD indicator shows K/D lines in parallel and ascending above the histogram. With no lag to contend with a cross of the lines would be an early indication of an overbought condition. Bearish divergence would suggest TSLA is overbought but there is none. (5) The better RSI indicator shows the value rising from 40 to 70 in the current uptrend. A rise over 80 and then a drop to show bearish divergence would be an indication of an overbought condition. This has not occurred. Based on all of this, I can easily conclude that TSLA is not overbought. Any traders who say it is overbought may be simply trying to discourage further buying. I suppose that they might do so because they are in a short position that is now essentially self-liquidating. If that is the case, their better approach might be to get rid of their position, buy to cover and help TSLA move higher. I will continue to try to add to my long position in TSLA when I see daily lows on the 15 or less-minute time frame. From the overhead resistance, I can appreciate there is still significant profit potential with TSLA especially since the resistance may evaporate away letting TSLA bull run its way " blue sky".
NASDAQ:TSLALong
by AwesomeAvani
5
TSLA: IS THIS A HEAD AND SHOULDERS?The absolute rip out of TSLA has been a good one. As they say, "what goes up must come down" though too. If we are in need of a major pullback after this rip up, are we forming a head and shoulder pattern of sorts? Hard to say but given how violent the move has been, that often is met with an equal and opposite move and that puts the chart in a precarious position. If the pullback is not too extreme and we form a new base around $200, then we could be looking for new All Time Highs, on the next move up. I feel that this would most likely be the case because there is a lot of fundamental news to back up further growth in TSLA stock. The federal tax credits are big windfall for TSLA and was much needed. Is it enough? I think the TSLA bull case will require the mastery of hands free driving technology that has been promised since the beginning and their robotic products to retail and have a positive public reception of the technology.
NASDAQ:TSLA
by Goontata84
7
TSLA tyring to get to blue skyTSLA on the daily chart descended from a triple top Summer '22 into a downturn which reversed after earnings in late January. Since then with the usual waves of up action and retracement it has risen into its current range also going through a cup and handle pattern from early April into late May. On the chart with the volume profile and anchored VWAP overlaid, price is at the confluence of the POC line and the mean anchored VWAP - over the past year the highest volume of trading was at about $185. RSLA is now above that bullish momentum. TSLA short-selling bears are getting destroyed right now. Their buying to sell is the genesis of a potential short squeeze. The latest trend started after an announcement of partnership with Ford regarding charging stations. I have drawn onto the chart what I see as horizontal resistance lines for targets in a trade. Aslo on the chart is a set of zero-lag EMAs to provide further context. I will take a trade of four additional call options with a strike of $185- I will close one for each horizontal target reached. I will run the last contract on a trailing stop loss of 20% while expecting an overall conservative realized take profit of over 300%. The stabilization of macroeconomic headwinds in both the US, Europe and China will allow significant tailwind to push TSLA higher. One of those tailwinds could be the imperative that a rising price places on short sellers including a vast array of put options.
NASDAQ:TSLALong
by AwesomeAvani
22
Buy now for TSLS or wait for next dip I am thrilled to share with you that Tesla chargers are gaining more supporters as the company's plug becomes the American standard. This is a significant milestone for Tesla and a clear indication of the company's commitment to providing sustainable transportation solutions.   Currently, the $210 level is acting as a support level, as it did on Friday and again on Monday. It's important to keep an eye on this level. However, if the stock manages to break through this level, it's crucial to pay attention to the $258 mark. This level not only represents the 161.8% extension of the recent range but also the 50% retracement of Tesla's bear-market correction. In short, it's essential to exercise caution when it comes to Tesla stock in the short term. It may be wise to look for opportunities to buy the dip.
TLong
by bryandowningqln
Tesla -> Not Slowing DownHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Tesla stock is currently breaking a bunch of resistance towards the upside, showing very strong bullish buying pressure overall. You can also see that Tesla is approaching resistance at the $270 from which we could see a short term rejection towards the downside considering that over the past couple of weeks, Tesla stock rallied roughly 70% towards the upside. On the daily timeframe you can see that market structure and momentum is still massively bullish so there is no reason to short Tesla now, I am personally waiting for a retest of the $230 level before I then do expect another bullish rally from there. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:TSLALong
by basictradingtv
43
GM Ford commit Tesla EV charging network so new standard setGM and Ford joined Tesla's EV charging network, bringing us closer to a US industry standard. This collaboration is a significant milestone for the EV industry, marking a new era of cooperation and innovation. By joining Tesla's network, GM and Ford are committed to providing their customers with the best possible charging experience. This move will make charging more accessible and convenient for EV drivers and help reduce range anxiety, a significant barrier to EV adoption. As a trader, you can invest in Tesla, a company leading the way in the EV industry. Tesla's innovative technology and visionary leadership have made them a force to be reckoned with, and their commitment to sustainability and clean energy make them a great investment choice. I encourage you to consider investing in Tesla and join the movement toward a more sustainable future. With the support of industry leaders like GM and Ford, Tesla is poised to continue its growth and success in the years to come. Thank you for your time, and I look forward to your comments on this exciting development
NASDAQ:TSLALong
by bryandowningqln
TSLA hit 7 Month as Good Times RollHave you heard the news? Tesla Rides Tech Rally to 7-Month High as Good News Piles Up! It's almost as if Elon Musk has a secret stash of good news that he's been saving up for a rainy day. Well, it looks like that rainy day has finally arrived, and Tesla is soaking up all the good news like a sponge. As a Tesla investor, I'm sure you're already aware of this company's incredible potential. From cutting-edge electric vehicles to revolutionary solar technology, Tesla is leading the race toward a sustainable future. And with the recent surge in the tech market, it's clear that investors are starting to take notice. So, here's my call to action for you: if you haven't already, consider investing in Tesla. With all the positive momentum behind the company, there's never been a better time to jump on board. Sure, there may be some bumps in the road ahead, but with Tesla's innovative spirit and unwavering commitment to sustainability, I do not doubt that this company will continue to thrive. So, what do you say? Are you ready to join the Tesla revolution? Let's ride this tech rally to the top!
NASDAQ:TSLALong
by bryandowningqln
Bullish reversal with simple Support Resistance TSLA is slowly creeping up back to its previous ways of making HH and HL If we stick to simple technical analysis of HH HL and Support Resistance Then its very simple The strong resistance of 215-217 has been broken finally and now the next resistance is 235 It will probably retest 215 to 217 or might even re-test 209 support levels But next stop is 230-235 Breaking through 235 it will enter the FIB golden pocket that will confirm the full bullish reversal of the previous HIGH that is 300+ Entry @ 217+ SL @ 205 TP1 @ 230 TP2 @ 235 TP3 @250 TP4@260 TP5@300
NASDAQ:TSLALong
by vortexTradingSolutions
Tesla -> The Bottom Is Finally InHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that Tesla stock is currently retesting quite strong previous weekly structure which is now turned resistance at the $220 level. However you can also see that the weekly moving averages are finally crossing bullish, weekly market structure is also shifting back towards the upside so in my opinion there is a significant chance that Tesla found a bottom over the past couple of weeks and is now ready for an agressive push higher. On the daily timeframe you can see that Tesla stock is currently a little bit overextended towards the upside so I am now just waiting for a retracement back to a previous daily resistance area which is now turned support at the $210 area and then I simply do expect more continuation towards the upside from there. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:TSLALong
by basictradingtv
78
Tesla is BullishTesla is Bullish, high quality, financially sound company and the eight indicators I analyzed suggest all those eight are Bullish, namely Trend, On-balance volume (OBV), Accumulation/distribution line, Average directional index, Aroon oscillator, Moving average convergence divergence (MACD), Relative strength index (RSI) and Stochastic oscillator. Additionally, on the Weekly chart, I am seeing a "Double Bottom". So, I give it 9/9 score for Bullish price action. Good to mention here, on the Daily chart I do not see any major resistance ahead. Buckle your seat belts, anything is possible. *Disclaimer* The information is purely for *entertainment* purposes, and is not meant to be, and does not constitute, financial, investment, trading, or other types of advice or recommendations. Do Your Own Due Diligence (DYODD)
NASDAQ:TSLALong
by VIN786
TSLA: Can it get and stay above $221TSLA is sitting at very precarious area of price right now. This week should most likely give us the information we need to know what the next few months will look like, if it can get above about $221 and stay there, the measured move bull flag pattern should get us to somewhere between ~$294 to ~$313 and that would make sense in the macro formation of a head and shoulders for TSLA because there are definitely some head winds for the the stock now that other car companies are finally catching up with the technology and taking market share from TSLA. If the price cannot get above ~$221 and stay there, then we have a measured move that would put us somewhere between ~$60 and ~$80. There is no way to know what will play out in this market, although I still lean somewhat bearish due to the overall economic conditions worldwide. It just seems to me that we are still due for a real "acknowledged" recession at some point. Once we get that I think we will then see the bull market of the is century but I have a hard time believing we are there yet. I will be keeping my eyes on TSLA specifically, in order to give me an idea of things going forward. It seems to be a good gauge for market sentiment.
NASDAQ:TSLALong
by Goontata84
2
Tesla is undervaluedTesla is undervalued, high quality, financially sound and data it collects about it's vehicles is a great advantage over other auto makers. Expected ER in August. Several indicators and machine learning scripts suggest, that NASDAQ:TSLA could get to $225 this week. *Disclaimer* The information is purely for *entertainment* purposes, and is not meant to be, and does not constitute, financial, investment, trading, or other types of advice or recommendations. Do Your Own Due Diligence (DYODD)
NASDAQ:TSLALong
by VIN786
TSLA: At Critical Level That has Been Both Resistance & SupportTesla is at a critical level that has acted as both resistance and support in the past. At the moment it is straddling this price and it has not made up its mind which it will be. Until it gets above its current level and tests it as clear support, I will be leaning bearish. It does look like it could break out and flip the script though. It is definitely trying to do so. Not sure if the bulls have it in them though. I will keep up on this chart and update as things move forward. I am very interested in going long on TSLA if it can up above this level. Once it does that we can start looking out for levels, anywhere between ~$265 and ~$300. If price gets smacked down, then we are looking for the ~$95 to ~$65 levels and a really nice short setup will present itself.
NASDAQ:TSLA
by Goontata84
2
Tesla -> Breakout And New RallyHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that as we are speaking Tesla is now once again retesting previous weekly resistance which is turned resistance again at the $200 level. However you can also see that Tesla recently broke out of a quite nice flag pattern, which in this case is a bullish continuation pattern - Tesla is also creating weekly bullish market structure so from here I simply do expect a break and retest of the current resistance and then more upside potential. On the daily timeframe you can see that Tesla stock is again retesting also daily resistance, so from here I am also waiting for a breakout before I then do expect another quite strong daily rally to retest the next resistance level at the $240 level. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:TSLALong
by basictradingtv
59