TSLA: Defined Level - Watch to See It! TSLA has a defined level for this week! Watch our video to see where it is!
Tslashort
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.
TSLA leading us up or down?Be careful if you're a bull this week on TSLA unless it overtakes the 21d and the 1050 area. There could be a trade there to 1080 on a market relief day. Otherwise, we are looking at at the break below 1010 to get short to 950. Big opportunity at the 100 day. Don't think we get to the 200 which would be an epic buy.
TESLA IMPULSE (OR) CORRECTION PHASE? I did Tesla analysis on Apr 12, 2021 and it hit $1200 exactly as predicted
Following is the analysis of Tesla Inc coming in for the next few weeks/months.
1) Wave 1 started low at $70 in Dec 2019
2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2% correction at $407
3) Wave 3 started on Sep 2020 and had a good run-up of FIB 127% from $407 to $900 ending on Jan 26, 2021
4) Wave 4 is a sharp zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter and sharp correction ending around $555
5) Wave 5 is still going on and might go to the following
a) Calculate the length from the start of W1 ($70) and end of W3 ($900) = 900-70= $830
b) Calculate the length FIB levels ratios of this length of $830
38.2% ($830) - $317
50% ($830) - $415
61.8% ($830) - $512
100% ($830) - $830
127%(830) - 1054
141% (830) - 1170
6) Now add each of these levels to the end of W4 which is also the start of W5 i.e. $545, so we get 862, 960, 1057, 1375, 1599, 1715
---------------- Summary --------------
1) I believe Wave 5 is going to be an extended wave because Wave 1 & Wave 3 are of normal length
2) My prediction for Wave 5 is a minimum of 100% extension which is around $1375 ior
1599 ??
ppreciate everyone's feedback, happy trading
Tesla We like at $1000 more than $1100 TSLA a very nice rebound going into last week. Not a huge fan of it here around 1100. I like it more near 1000 and 950. Possible it breaks through to test 1177.09 before it fades back to the 1000 magnet in the January downtrend. I'm still buying shares under 1000 as long as I can. Target is $3600 (current split) by the end of 2024.
TSLA in a make or break modeTSLA is in a decisive point now at the 65 min chart. I like using 65 min instead of 60 minutes to get 6 equal bars per day. As you can see it is currently above the current support line, if it breaks it, watch out below if it spikes higher above the resistance line, then we could start the new up trend. If it breaks resistance to the upside we could go to first target of 1120, if we break it to the downside first support is at 1040. I am no guru and thought of contributing to the community to learn more.
TESLA BEARISH CHANNEL 20% SELL OFFTesla is currently facing a high level of volatility, now we can see that is respecting a descending channel forming new lower highs and lower lows. The current price (1090) represents a good position to enter for a sell, whit a tight stop loss above the new lower high formed (1130) and a take profit at the support zone (880).
