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)
Tslalong
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.
Tesla -> There Is Still HopeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock just recently perfectly retested and already rejected a quite obvious previous weekly structure area exactly at the HKEX:200 level.
You can also see that weekly market structure is now bearish, we are currently retesting weekly support though and there might just be a chance that we will see another bounce towards the upside from the current levels to then retest once again the resistance at the HKEX:200 area.
On the daily timeframe you can clearly see that market structure on Tesla is currently still bearish so I am now just waiting for some bullish rejection at the current support zone before we could then definitely see a daily short term rejection 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 Weekly Outlook Which Gap to Fill | NASDAQ at Key Resistance- TSLA trading in between 2 large gaps
- which gap it will fill will likely be determine by which way NASDAQ will move to
- NASDAQ & SPX closed right under Key Resistance
- if we fill the above gap then we are looking back at 186 resistance
TSLA Is Very Close To BounceTechnical Analysis:
- Tesla(TSLA) is now doing a WXY correction in blue. We expect it to be completed the wave ((2)) in the next 1~2 days
- TSLA must find the strong buyers at around HKEX:150 - $155 where we like to buy
- TSLA can't cross the green validation level in order to support higher bounce in wave 3
Tesla Right Side
- H1 right side is turning down
- H4 right side is turning up
Technical Information:
- Don't sell TSLA now
- Wait for wave ((2)) to be completed in 1~2 days to buy
$310 Target near the .618 extension reviewing TSLA weekly Chart, I can see a price target of $310.
1) First $tsla needs to get over $215
2) there was a bearish Harmonic Bat pattern that sold off from D leg, and retrace to the 1.618 fib level extension. Notice price action bounced off from that level, and formed a based untl it hit resistances .382 fb level, and currently is resting at the .236 fib level.
3) If market rallies over the next few months, and tesla closes above $215, price action is likely to retest D leg which is above the .618 extension. which I have as my target $310 area.
4) the .618 extension which is a resistances level (D leg sold off) would then become future support if the overall market is still bullish
5) there is a base formed on the weekly, the handle isn't true or confirmed. It wont be until a breakout above $215.. Many experience traders will attempt to get in front of this trade, but expect volatility
Also there is an apex forming by the AD, however it will take a few months to complete likely near end of 2023 or early 2024
$TSLA Weekly Downtrend Confirmed, $QQQ S&R Analysis - NASDAQ:TSLA broke weekly support confirmed weekly downtrend
- TSLA gap could be filled if we broke todays low of support
- NASDAQ:QQQ bounced off of megaphone pattern support still trading within
- QQQ likely break out of the range next week Tuesday 25th after big tech & MSFT reports earnings.
- Still holding onto my SOXS position
- check out my video from yesterday for big tech analysis key resistance
Tesla -> Last Chance For BullsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is actually currently rejecting a quite obvious weekly previous support/resistance area towards the downside exactly at the HKEX:200 level.
You can also see that the next major support zone is at the psychological $100 area from which we already had a strong rally a couple of weeks ago so I am now just waiting for another retest of the support zone and then I do expect another rejection towards the upside from there.
On the daily timeframe you can see that Tesla stock is retesting previous daily support at the HKEX:165 area, market structure is currently still bearish so I am just waiting for some bullish confirmation inside this zone before we could then see a short term 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 Earnings Report Price Action breakdown | Weekly Support |- NASDAQ:TSLA Weekly support $163.91
- currently a 15m bear flag after hours after earnings.
- now in a daily down trend
- next strong support zone in the $166s
- im currently not in the stock my after breaking out of the equilibrium (teal looking wedge) its favoring the bears at the moment.