As long the resistance $ 950-960 holds, we should see a break of $ 868 trend line support. Further, we got a large M-top formation, and usually this suggest lower medium-term levels. For now, the strategy is SELL $ 925-30 with a stop-loss $ 965. The profit objective $ 750. The weekly chart stochastic is positive right now as a note.
For now I remain being a preferred SELL strategy. We got resistance $ 978 and strong cloud resistance $ 1,021. We need to break the support line of the previous uptrend to confirm, however negative stochastic and overall a likely M-pattern suggests we should see $ 750 or lower. Strategy SELL current $ 905-935 ith stop-loss $ 1,025 now. Profit target $ 750-600.
It starts looking tired and running out of steam. We have resistance $ 978 ( maybe $ 1,015 better to use for stop-loss). I feel a SELL strategy is fine, and we keep stop-loss $ 1,015 selling at $ 930-940 for a move to $ 765 profit objective.
I do not like the pattern and moves of late, and it starts looking negative overall. We have broken below $ 1,000 support, and we are below cloud and the conversion line has gone through the base line now, and this suggest much lower levels to come. I have aborted my long strategy, and feel we should be selling now current $ 985-1,025 range with stop-loss above...
Looking at the end of the week, and it's failure to build on positive news to go beyond $ 1,200 makes me wonder. I felt we could buy into weakness during the week as indicators were still supporting it. Now end of the week, we go negative stochastic on weekly chart (day starts as as well), and the MACD weekly chart is showing we should go south a lot more. That...
Hi All, I'm a long term Tesla Bull, but bearish short term, the price action suggest short term bearish price action. Reasons - No Catalyst until July Delivery Numbers - No S/X Deliveries yet - Nasdaq still in correction mode and has a room to come down, pressure on tech/growth stocks. - Elon's tweets about FSD subscription(impacts financials) and FSD V9...
I'm bullish on TESLA TECH but there is a limit for anything & there is no exception. It's too pricey at the moment and could be end of PARABOLIC move & has to correct 60-80% I laid down the target in the chart. However, require confirmation on the same if it hits my First downside target $485. Good luck both BULLS & BEARS.
I won't pretend that Tesla's valuation as anything to do with reality, but signs are pointing to a significant pullback in the short term to the $1765 area. Volume has increasingly fallen off each time it has tested the $1910-15 area. Expect $TSLA to test this level one more time. If it fails, it'll like fall through the support line unless the rest of the...
💰 LET'S GET INTO SOME TESLA ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🤷♂️ Neutral - We are seeing 2 compression candles known as dojis relativity towards the top of previous Resistance. This is where we would like to look for distribution. We do not have 100% Crossover confirmation on...
🤔 Just looked at amazon, facebook and now tesla all show correlation to testing the highs. Look for it to play the red upward support and squeeze in the compression point. Break below look for a short back down. I think we are still evaluating if the breakout at 902 to the new highs is a fakeout or going to see if support can hold. You see that we did drop all...
🚨 Very critical price action move for the next big tesla play. We did get our breakout to attempt to push up, but fakeouts can happen. You're going to look for 926-930 to test for support. We are pretty much testing it now! If this was a fakeout expect a big selloff. You can play aggressive here if you wanted to catch this as a level support only if the...
Tesla, wait for that 3 day to Crossover to the dark side. Green and red support and Resistance levels drawn for you on breakouts. Implement 1% rule on edge plays. You know the rules. Get that money 💰💰💰💰 🥇MLT | PRO TRADERS
Can the big V hold up strong to return to the top of the channel? Could be juicy+
It will be a Fib. level. previous resistance. last drop started from here. Target : based on how market is doing ... TSLA is one of the strongest stocks, don't hold for too long.
Hey everyone, here's the analysis on Tesla. Please give us a LIKE and leave a comment on ideas you would like to see next! Summary: As illustrated by the yellow dotted lines, price can rally higher to our R1 zone between 641.35 - 668.00 before dropping to our S1 zone between 502.00 - 524.00. Action: Sell Limit: 668.00 Stop Loss: 735.00 Take Profit:...