TSLA SHORTD1 CHART. DOWNTREND
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Tslashort
2/21/22 TSLATesla, Inc. ( NASDAQ:TSLA )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: $885.695B
Current Price: $856.98
Breakdown price: $850.00
Sell Zone (Top/Bottom Range): $900.00-$965.00
Price Target: $778.00-$762.50 (4th), $690.00-$678.00 (5th)
Estimated Duration to Target: 28-30d (4th), 68-71d (5th)
Contract of Interest: $TSLA 3/18/22 800p, 5/20/22 750p
Trade price as of publish date: $34.11/contract, $55.40/contract
Weekly Trendline FailTSLA has decisively broken its weekly trendline to continue bouncing along its Bear Channel walls
TSLA Loves its channelsTSLA continues to create channels of travel and stay true to its pre imposed boundaries.
TSLA here to test support @893, encouraged by the gap
TSLA at the edge of it's seat!TSLA's price has spent the last week whiting a range between 817-942.
The break of 817 on Friday came as the bulls exhausted gave way to Bears and rumors of War.
TSLA began its upward rally on Monday and pushed forward above the 915 resistance/support.
Will TSLA have enough to break the 950 resistance?
And even then it should not be considered completely Bullish until it claims the 980 mark.
The Bears might pile on the price if the see a clear rejection at 950 and if so they might be encouraged by the gap left behind on Tuesday premarket form 873-891.
One thing is for sure as long as TSLA continues to trade sideways above 950 the Bulls can give themselves a brief pat in the back, below 950 the Bears remain in control with an opportunity to hold the position for sometime.
TSLA: Defined Level - Watch to See It! TSLA has a defined level for this week! Watch our video to see where it is!
TSLA been week lately and down more than the market todayGonna take TSLA bearish for with Feb 25 870/860 bear put vertical. As long as the market rolls over this should have a problem.
$TSLA — Gap Fill Role Reversal ResistanceTesla has been sitting under a very strong role reversal gap fill resistance area for quite some time now.
We keep seeing this negative divergence between price action and volume as well.
I think the likelihood of a breakout above the area is slim because of my views on the broader market.
Options traders should give themselves time with this one and roll your stops down as the market slips.
Nobody is talking about the 800,000 vehicles they have to recall...
I don't want my idea to get flagged so just google "CNN 800,000 TESLA CARS RECALLED"
Tesla Major Bubble?Tesla has absolutely exploded in value especially since March 2020, which we believe was the beginning of a massive equity bubble. Tesla began trading around $40-80 range for over 6-years.
The vehicles they produce now, they produced in 2017. The Tesla Battery and Tesla Solar Roof were all known back then as they are now. Tesla has not announced anything that should put their stock price at over $900. We know why the stock rallied to $1200, and that was solely the Fed.
Perhaps most shocking is Tesla's P/E ratio which is now over 100X their earnings. This is extreme, and it screams asset bubble. Not even Toyota which is the worlds largest car manufacturer which produces both electric and gasoline vehicles has a P/E of less than 10.
So where do we stand?
We see equities going into a bear market. The FOMC of 1-26-2022 confirmed this when the Fed announced they are continuing their plans for tapering, raising rates, and shrinking their balance sheet. This will adversely affect the stock market and bring equities below a 15% correction, into a bear market.
Key Factors
Buying Volume Weak
MACD Turning Bearish
P/E Ratio: Extremely Overvalued.
Fed Tapering, Raising Rates, and Shrinking Balance Sheet.
50MA is 1/3rd Current Value
100MA is $180 Range
With the biggest buying of equities calling it quits and essentially "selling" this is a stock that I would get out of the way, short but do not expect a continued rally.
TSLA: Defined Range and Consolidating for a Bigger MoveTSLA we see is consolidating nicely in this chop and have the levels I'm watching in the video!
Risky play, TSLA in a downtrendThe trend is your friend.
Tesla looks like it's continuing the downtrend, As much as I admire Musk and his vision, stock price is severely overvalued and needs to regress to mean.
Every bounce towards the upper trendline is an opportunity, my ideal entry is around $935-950. TP sub $700 then set trailing SL,
RSI downtrend too,.
(Not financial advice, just some logical opinions)
NASDAQ:TSLA
Short $TSLA $1026.96Short $TSLA $1026.96. $TSLA failed to break out last high of $1200 area. Price rejection at 50 SMA . Short target of $900 is in play now marked in red dashed line. Expect $1100 area to play resistance in coming days in case price bounced off of $900 area. Breaking support of $900 can take stock down to $750 area where it was trading before break out. Setup is invalid if price breaks above $1100 area and stays there on daily close for few days in row. Earning expectation/news will also play part in price action and invalidating this setup.
TSLA short to 2/4 @ $800Looks like TSLA is going downward for some time, let's see if $800 is a possible support
Possible TSLA head and shoulder formationThis is highly speculative yet it is based on the premise that TSLA might fill (with momentum) the gap it has @900's.
This is only one possibility of many yet keep in mind when trading to the upside.
TSLA earning idea; gap up fadeYeah, TSLA is not going to survive the inflated tech stock rout that has been going on. So I do expect TSLA to gap up, and sold off probably all day.
TSLA LONG TERM & SHORT TERM FORECAST ANOTHER 50% DECLINE
TESLA Hit extended wave 5 of 3.
TESLA need another 50% decline, not only the tesla, but also most of the us stock market will decline.
Let's see what is going to happened in the near future.
BIG CHANCE IS COMING
GOOD LUCK!
TSLA short term play ahead of fiscal earnings report With Nasdaq down an additional 2% as of Friday I am looking at short term bearish activity. Tesla (TSLA) stock has been making Lower Lows all week and breaking price action structure. I'm at looking for a continuation to the downside to the levels of 900-914.57 as a short-term play because on Wednesday, Jan. 26th Tesla will report its Q4 earnings for the fiscal year 2021 which could be bullish.
TSLA earnings in 2 daysIf you haven`t sold the double top:
Then considering the bearish market conditions, Tesla should reveal some amazing quarter earnings to justify its high PE Ratio of 308.
Meanwhile Elon Musk sold more than $15 billion worth of shares in the company since early November and said that he was "almost done" with his stock sales.
And most of the shares were sold above $1000.
Looking at the charts, i think that TSLA has entered a descending channel with a price target of $860 for this year.
TSLA Under 1000? Fade It!Would love an opportunity to short TSLA around the 1000 mark this week, but most likely will wait until 2:58pm central time to buy puts for earnings. NFLX set the tone as this is a fade earnings season, and I'm willing to follow that especially with growth stocks.
TSLA bear call vert for 1/28I do think TSLA will continue downward and will start to see more pressure. I am doing this knowing EARNING are next week. I typically don't have positions over earnings week but I'm not bullish on TSLA at all. Sold the 975/b955.
More red coming!Most of the time, Tesla fills its gaps, as seen in some examples by the blue rectangles. There are two gaps, as seen the orange ractangles. TSLA rejected the 50ema which is bearish. I think TESLA will fill its two gaps and find some support at the 200MA and the support line. This is a technical analysis only
Tsla hates gaps. Head & Shoulders formed , that gap ($937) looks like its going to get filled soon. Easy short.
TSLA: All Eyez On MeWatching the 50EMA for a bounce tomorrow and a generally green day for the market. If no bounce, short back to 1000 and then let the market take it below 980 if it wants. Any hold/open above the 50D is a long for me. Target 1116 if scenario plays out.
