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TSLA looking weak SHORTTSLA is continuing to trend downward while China is melting down and the TSLA giga factory is underproductive. The chart shows a fall from the upper trendline of resistance confirmed by the MACD lines flipping above the histogram. Targets for the trade are the mid-range Fibonacci levels in the retracted of the up trend so about 258 and final take profit heading towards all earnings where the current trendline hits the horizontal support at about 205 about October 1st. Stop Loss nominally at $10 above the current market price. Accordingly expecting a reward to risk of more than 5 to 1. All in all, the short setup or put options appear to be an excellent setup, The best question is whether others in the sector are following the market leader and dropping even faster or instead, are they holding up better because they have less China exposure
NASDAQ:TSLAShort
by AwesomeAvani
TSLA descending widening channel MEGAPHONE SHORT NASDAQ:TSLA TSLA on the daily chart has a megaphone pattern showing increasing volatility as the price action is downward. Supportive and resistance trendlines are touched multiple times. At present, the price is also at a horizontal S/R line being the 2021 year high. Another horizontal line is the double bottom of Spring 2021 forming a support zone. My analysis is that TLSA will downtrend from here heading down until the mid-Fibonacci retracement levels and perhaps further to support zone at 188-208 and potentially lower if short sellers aggressively gain directional momentum. I have taken an out-of-the-money put option with a strike of $ 200 for October 21st mindful of the earnings date.
NASDAQ:TSLALong
by AwesomeAvani
1
Tesla stalling? Tesla Short Term We look to Sell at 282.85 (stop at 294.03) Previous support level of 280.00 broken. Posted a Double Top formation. The bias remains mildly bearish but there is scope for a move in either direction at the open. Further downside is expected although we prefer to sell into rallies close to the 282.00 level. Our profit targets will be 249.72 and 216.00 Resistance: 280.00 / 313.00 / 383.00 Support: 249.00 / 217.00 / 207.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:TSLAShort
by Saxo
1
TSLA 7D chart UPDATE POST SPLIT / FED NEWSTSLA as shown on the weekly chart has hit the top of a megaphone pattern ( increasing volatility) where it printed a Doji candle to demarcate a reversal while the relative strength topped out testing its Ichimoku Cloud but failing. The ADX has little magnitude ( distance from zero) nor rate of change ( momentum) and is now pointing downward. All in all, TSLA on the weekly chart is at a bearish inflection in the context that TESLA has put out more news about impending layoffs.
NASDAQ:TSLAShort
by AwesomeAvani
2
TSLA SHORT NASDAQ:TSLA TSLA on the 4 hour chart appears to be in a downtrending parallel channel and presently at the upper resistance boundary of the channel. This could also be a megaphone pattern as the channel is widening a bit as it descends. I see the horizontal resistance of February 2021 market high as resisting any breakout to higher prices. I see horizontal support below at 190 from the market lows in March and May this year. The MACD oscillator is in mid-range as is the RSI oscillator. The latter shows some bearish divergence suggesting an impending reversal. I see this as a short setup to synergize with the general market the downturn from the current market price to 190 or until just before the earnings report in mid-October. This is about $100 of profit I will set a stop loss of $5 above the current market price Thid is a great reward-to-risk ratio even if the price gets jammed up at Fibonacci retracement levels on its way down. The low-costTR bearish ETF is a consideration as are out of the money put options.
NASDAQ:TSLAShort
by AwesomeAvani
TSLA SHORT now SETUPNASDAQ:TSLA TSLA has hit heavy resistance on the 2H chart as it came up on the heavy sell order zone and the POC of the volume profile TSLA reacted with Doji candles demonstrating buyer versus seller push and pull dynamics The RSI is decreasing with a rise in price showing divergence and suggesting TSLA is about to roll over. The Choppiness Indicator is still moderately elevated showing buyer. seller action is sideways. All in all, I forecast that TSLA is set up to short ( or via put options ) with targets of 790 and 705. For a great reward-to-risk ratio, the stop loss can be $1.00 above the top of the sell order zone. Please review and offer your opinion in a comment ! ( As an aside take a look at my idea of Sell Tesla Buy Ford using a TSLA / F ratio over time as the key data for the analysis)
NASDAQ:TSLAShort
by AwesomeAvani
BREAKING NEWS The Real Estate and Banking Crisis in China! The Real Estate and Banking Crisis in China Is Spreading to Other Aspects of the Chinese Economy! A lot of information is coming out that the Citizens can't get any money from their banks. We have seen that before! Never ends very well. Apart from China's problems, Tesla has been experiencing problems in China. 1. The cameras on the Cars, that they can't be used anymore. China thinks they could SPY on Them! Good luck with a Tesla without cameras ¿? 2. Tesla reduced vehicle production at its Shanghai factory this week due to parts shortages caused, in some measure, by a supplier's Covid lockdown nearby. According to research by JL Warren Capital, Tesla specifically stopped production lines for its crossover electric vehicle, the Model Y, at its Shanghai Gigafactory 3. Tesla faced multiple accusations of brake failure in China 4. China helps NIO to become the number one Electric Car for sure. Made in China is always better for the Chinese Government. 5. China and USA aren't getting closer because of the Ukrainian War and Nancy Pelosi's visit to Taiwan.
NASDAQ:TSLAShort
by TraderMentorX