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Tslashort

TSLA longsTsla has gone down since my last analysis but, the sell price was never reached and I believe a complex correction is about to finish forming contrary to my previous analysis. After this formation if we get a nice bullish candle in the $380's-$400's I believe Tsla will continue higher to the $600's. Tsla is one of the only stocks to actually rally (a historic rally at that) during lockdowns and I believe the second wave of corona (regardless if we shut down or not) won't affect the company and the stock.
NASDAQ:TSLALong
by snipdapipz
2
TSLA under pressure from rise of EV! Coiling for a break. UorD? The EV space is growing really fast! With TSLA at the helm so far it's seniority is not being questioned as the stock price stays very much afloat. Tesla so far is the leader and holds true to its product on the streets and continued delivery of cars. However, there are some car makers in the industry that are making a push like Chinas NIO. TSLA has been feeling the pressure from the incoming new "EV" space like SPI. We will have to see a physical product for those companies and the ones to come to be a real threat. Otherwise, it's just like the DotCom boom. Throw EV in your company and the stock price rises 1000%. Due to that TSLA has been coiling. We saw a recent lower higher that suggests some of these bears are coming into this market for a slight push lower. We are coming into that same area and if we print yet another lower high we are going to see some downside pressure come into this market. The key support is at $335-340 should that support break we are going to see $280 on TSLA fairly quickly. Some of the downsides could be attributed to the recent market and economic downside as well. To the upside for the TSLA bulls and the optimistic traders, we are also seeing higher lows. The volume is a little weaker on the upside but the bull side can easily break a new high and TSLA could be headed for the $500 level yet again. It's just a matter of buy pressure. The downside target would be the 100-day moving average which could be around $300 should the price consolidate. Under that level should the market spill TSLA's volatility will cause the stock to plunge.
NASDAQ:TSLA
by TRADEPROAcademy
TSLA - SHORTLooking at TSLA on Weekly we can see that TSLA completed it's impulse wave up which started the beginning of dec,19. I think we are in a correction ABC pattern which should touch .618 fib extension or possibly go down even further to .786. RSI has been overbought since June and it is about time for this bad boy to take a breather. MACD is also ticking downward and reversing direction. In a healthy bull run scenario I can see TSLA bouncing off the 55 MA or at least holding it as a support for a while. This is if we think that the market will keep on going up. There are a lot of factors in play which will affect the market sentiment. One of the biggest being the presidential election in a little over a month. This will impact the general direction of the market as whole. I think a good buy zone will be $150-200 range. Any thoughts and feedback are always welcome! Good luck trading!
NASDAQ:TSLAShort
by Technical_Perspectives_69_420
4
Tesla in October 2020 I've highlighted or marked the double-top pattern that IS NOT YET CONFIRMED. This week we got the news of Battery Day and the hype has died down. Both rejections on the Weekly chart show more Bear Volume than Bull. MACD hasn't flipped bearish since March. RSI is still over-heated. The U.S election is 40 days away and there has always been a market dump around this time. These are all prime factors to consider for what Tesla's price action will look like in the next month or so. Being short or cash is the best move at the moment with all of this uncertainty.
NASDAQ:TSLAShort
by tired_man_willis
1