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!
Tslashort
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).
$TSLA short term extended, backtest of 1000 expected$TSLA is extended in the short term up over 300/share in 4 days, much of this is weekly call buying. We saw a lot of that fade away today with bearish bets increasing to end the week. Puts off the open, first target is 1070 (we might open at this level in pre market). Below 1070 looking for selling to speed up and take us to the 10 day target towards eow.
TSLA Descending Triangle Break Weekly Options PlayDescription
This idea originates from a different idea in which I interpreted the chart as a Symmetrical Triangle.
I believe this interpretation was incorrect due to the consideration I put on the beginning of the gap up into the pattern. The opening price of the first candle following the gap is a technically irrelevant fact, unlike the support found after TSLA falls from the high, in this case the ATH, where it bounced three additional times, each time producing a lower high (a Descending Triangle).
The Descending Triangle is bearish in purport, displaying a lower demand zone, and a descending liquidation zone, representing a growing overhead supply vs a stationary demand zone, until the sellers become stronger than the buyers (or buyers reverse), overtaking the lower boundary.
Historically speaking, it is common for the lower boundary of the preceding pattern to become a new resistance, where once-buyers will be happy to liquidate, having been "made whole".
The price target implied by the pattern is between 320 and 670 or less than 670.
As a take from contrarian traders, such as Brent Donnelly, there is an application of the Magazine Cover Bias today, as TSLA CEO, Elon Musk, has been chosen as "Person of the Year" in time magazine.
This is very reminiscent of 99', when AMZN CEO, Jeff Bezos, was chosen as "Person of the Year", shortly before the beginning of AMZN's two-year bear market.
(Related idea linked)
Using long puts to maintain a positive vega ahead of FOMC this week.
Long Put
Levels on Chart
SL > 1000
PT : 700
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/31 850P
R/R & Breakevens vary on fill.
The price target set with the idea is higher than the pattern implied price target due to the expiration of the position.
This position is updated in the linked Related Idea, where there is a better explanation of alternate short strategies.
Manage Risk
Only invest what you are willing to lose
TSLA Symmetrical Triangle Break Weekly Options PlayDescription
TSLA Began the formation of this Symmetrical Triangle after achieving an ATH @ 1243.49.
The Symmetrical Triangle is a common congestion pattern, typically indicative of continuations, accompanied by descending volume (on chart) and a heavy volume on the breakout.
My point of contention with this pattern is okay volume on the breakout. It is only slightly above average when calculated on a 60 day period, or slightly below on a 30 day period.
Although there is generally no advance indication of breakout direction, an indication can be what other stocks are doing - making bearish breaks through major trendlines and support levels since FEB - MAR of this year.
The resulting price move implied by the pattern is equal to price move that preceded the pattern.
So depending on where the measurement starts, the breakout, once confirmed, implies a 330 point minimum to a 680 point maximum move to the downside.
Intermediate price targets: 900, 775 and throwbacks to the triangle's apex are common @ ~1100.
My intermediate price targets are above the pattern-implied price targets due to the expiration of the position.
Long Put
Levels on Chart
SL is a daily close back in the triangle
PT : 900
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
12/23 900P
R/R & Breakevens vary on fill.
The price target is the support at 900, which is above the break-even at expiration, so the primary objective of the position is to capitalize on a quick downward move in TSLA stock price and profit on the increase in time value premium.
For those who didn't short @ 1200:
An ATM, further dated Long Put would serve the objective of the position better if it is within your risk tolerance.
Or an ATM synthetic short if you have the ability to sell naked options.
And without the ability to short effectively or sell naked options, an ITM put would serve best, if within your risk tolerance.
If you want me to build these positions, just ask.
Manage Risk
Only invest what you are willing to lose
TSLA: Pullback before the run-up? Quite the run on Friday as Alpha Traders members banked 400% twice! If TSLA opens over Fridays highs $1121.82 most likely comes. If we stall at $1100, it may end up being a great short into 1032 area. Keeping on watch.
