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.
Tslalong
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:
Tesla is going higher?Tesla is going higher? Three Outside Up/Down Bullish Reversal candle stick pattern detected. Several indicators and my scripts suggest, that NASDAQ:TSLA could go another 5% up next week, say $256 soon.
*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)
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
TSLA Upwards Channel - Possible LongNASDAQ:TSLA has been creating a strong upwards channel in which it is breaking out of the flag which was shown in the linked idea. If it does break out of this channel in the upwards direction (the current price to break out of would be around $208.17), then it may have around a 7% push upwards to a new smaller target of around $221.78.
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!
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
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:
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)
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.
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)
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.
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:
$TSLA - ELLIOT WAVE SETTING UP W/ Bull Flag Setting up This is a weekly chart of Tesla setting up with a very bullish F Flag. I applied an Elliot Wave on top which shows that its 2nd Wave is completed with ABC local waves also completed. This marks the start of a 3rd wave which is also the longest wave.
Tesla -> Bullish Continuation PatternHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla just recently retested and rejected a quite nice support zone at the psychological $100 area which was acting as support.
You can also see that over the past couple of weeks, Tesla has been forming a quite obvious weekly bullish flag, which is normally a continuation pattern, so I am now just waiting for a break above the resistance trendline and then I do expect another bullish rally.
On the daily timeframe you can see that Tesla yesterday retested and rejected a quite obvious previous structure level at the $190 area which was acting as resistance - I am now just waiting for a break and retest of this level before I then do expect also a daily rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
TSLA are you rdy for short after long?Tesla company, fraudster, man of history
A note for American shareholders, the stock of this company is on the rise, but it will see only two targets, then it will fall, and I will announce the targets.
The first target is $237.40 after the failure of this area, which will be broken because the crypto market will be bullish and Elon Musk's company's shares are in line with this market, he will see the next target and then the fall of $313.80.
After the second target, my suggestion to American shareholders is to sell Tesla shares because the price of this company is not the numbers you see.
bull flag on 2hr Chart of $tsla target $200reviewing the 2hr time frame I have a Bull Flag set up with a price target of $200.00
there is a bullish cypher set up w/ price action currently near B leg, which is currently acting as resistances. I anticipate price action to return to C leg of the bullish cypher which I have at $200.00
I've already done a weekly Technical Analysis on Tesla with a projection of $310.00, the $200.00 price target is for short term trading, but this is also a good entry point for a long term hold.
On the weekly chart, there is a Cup/handle pattern that needs to breakout above $215.. See below the weekly chart for $tsla
TSLA: Respecting FibThe past year has been so clean for TSLA in terms of respecting the fib retracement levels. The 1M and 1W MAs have also been respected.
Using the fib retracement levels starting from the bull run back in 2019 until the high in late 2021, we can easily find TSLA's support and resistance levels.
I am currently bullish on TSLA for these reasons:
- We are currently sitting at the base of 0.618 as support, moving up towards 0.5.
- The RSI has recently touched the green support Bollinger band.
- The price has gone above the 1W MA.
- There is a bull flag forming, waiting to be broken.
Technically, this is enough support for me to go long.
My price target is at 200 by June 9th, but 212 is also possible.
This is not financial advice. Please trade and invest at your own discretion. Do your own research before making investment decisions.