TSLA Weekly Outlook Which Gap to Fill | NASDAQ at Key Resistance- TSLA trading in between 2 large gaps
- which gap it will fill will likely be determine by which way NASDAQ will move to
- NASDAQ & SPX closed right under Key Resistance
- if we fill the above gap then we are looking back at 186 resistance
Tslashort
Lower prices ahead for TSLAYou can see the oscillators are wanting to reset and converge on the weekly as well as the daily after making yet another failed higher high. If we were treating this Elliot wave theory then we are in the B phase of the 3 count. This could make a same low as previous or go to the overall .886 fib level of the chart before making some kind of bullish divergence on the oscillators and finding bids at a more fair value received area. Watch the key levels and don't FOMO. We all know it won't be a straight line down and TSLA has wild swings. Good luck and be safe, lmk your thoughts below! All consecrative criticism is good criticism as long as it's backed with TA!
TSLA going to January Lows
TSLA - Elliott Wave Analysis
There maybe more dramatic Waves out there for Tesla. But for me I had this count since April last year so I am gonna stick with it.
I see a WXY correction. And we are now in minute wave iii of minor wave C of intermediate wave (Y).
Foron this WXY pattern the most common Fibonacci ratio is equality between W= Y. In our case equality is around 103.95
We also have natural graph support around 103 from the previous low in January our wave A of (Y).
What are your thoughts on TSLA ?
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purpose and does not serve as financial advice.
$TSLA Weekly Downtrend Confirmed, $QQQ S&R Analysis - NASDAQ:TSLA broke weekly support confirmed weekly downtrend
- TSLA gap could be filled if we broke todays low of support
- NASDAQ:QQQ bounced off of megaphone pattern support still trading within
- QQQ likely break out of the range next week Tuesday 25th after big tech & MSFT reports earnings.
- Still holding onto my SOXS position
- check out my video from yesterday for big tech analysis key resistance
TSLA Tesla Options Ahead of EarningsIf you haven`t bought TSLA here:
Then analyzing the options chain of TSLA Tesla prior to the earnings report this week, I would consider purchasing
Puts with a $183.33 strike price and an expiration date of 2023-4-21, for a premium of approximately $6.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
TSLA Post Earnings Risk Off Scenario TSLA 390m Short Setup: Risk off scenario challenging auction lower last seen EOY 2022: Using levels from December 14, 2022 published study: <165.63: 162.42, 157.67, < GAP Fill Watch: <155.95, 151.08, 147.41, 145.13//Invalidated if auction holds > 164.15// Beta: 2.01, ATR: 8.03, IV: 34/05%// Price at time of publish: 165.47
TSLA Earnings Report Price Action breakdown | Weekly Support |- NASDAQ:TSLA Weekly support $163.91
- currently a 15m bear flag after hours after earnings.
- now in a daily down trend
- next strong support zone in the $166s
- im currently not in the stock my after breaking out of the equilibrium (teal looking wedge) its favoring the bears at the moment.
Don't Buy Tesla Now - Short Term is DownAs we can see in our weekly chart, Tesla(TSLA) is continuing to do the correction in wave 2 in black.
- Around $150 we expect the smart buyers as it's a buy edging area
- Around $250 we expect sellers
- Around $190 we expect a big decision in Tesla(TSLA) to follow PATH 1 or PATH 2.
We also need to follow correlation with NASDAQ and SPX Indices. Now the Right Side of H4 and H1 are turning up
TSLA Future Outlook | Technical Analysis | Support & Resistance - TSLA is currently in a neutral trend, sitting close to support but also right under 186.5 range resistance
- TSLA has been performing relatively weaker than QQQ as of this week.
- Earnings seasons are coming up and there's fear of earnings recession so either earnings come in normal and the fear alleviated and we get bull moves or vice versa.
- QQQ also closed right at resistance on Friday, if QQQ dont continue moving higher its going to drag TSLA down as well.
TSLA Break-Out & Fake-Out?Tsla has been consolidating and broke-out of a bullish bullish flag today with weak conviction ...
Bulls need to see a big volume break-out tomorrow and regain $200 as support.
*Call Wall Options may have prevented Tsla from advancing with a strong break-out
$197 is strong resistance + weekly resistance line just above @ $198 $198.84
If Tsla does not open above $198 we may see a drop to test bull flag break-out & gap-fill.
Close below $195 Tsla will consolidate until re-testing highs.
*Bulls: Tsla is above 8 ema, 20 ma & 50 ma -Cup & Handle on Daily w/ Bullish Flag Break-Out....
Dips are being bought up *APRIL is STRONG Month for Growth & Tech
Bears- Weakness compared to overall Bull Run in Tech & Markets - Selling volume has been larger on 1 hr, 4hr, daily. Markets are feeling pretty Frothy
Possible Bearish Wedge Pattern...this could be wave a of c in Correction Pattern - lack of testing or either Strong Rejection at $200 could begin wave b.
Bearish Divergence on MACD & RSI 1hr & likely forming on Daily if we see the move past $200.66
This could go Bullish or Bearish *Key Points of interest: Key Close above $198.84 / Ability to Test $200.66 & Rection off of that will give us a better Idea of where TSLA Plans to go for the next 3 weeks until next Earnings
Current Bias: Neutral to Slightly Bearish
TSLAUpdate! I gave you the bottom of TSLA at 100, but we're in need of an update. TSLA's gigarange, from its 420 highs to 100 lows has a 258 mid, which is confluent with a variety of open (unfilled) gaps in that vicinity. So long as it holds above its first quartile retracement of the gigarange (180-190 area) then I'd anticipate that it makes its way to range mid 258s.
TSLA possible Bearish PathWe have formed a bearish Rounding top today after rejecting off the bottom channel of Larger Bearish Ascending Wedge.
Rounding Top measured move: $185-$184 area.
*Rounding Top patterns tend to test the neckline $192-$193.75 & have false bullish breaks -keep an eye on volume with price action
if TSLA breaks through $186 and does not recover quickly, it will become resistance. ( FYI never breaking $186 could setup bullish H&S)
next support will be $176 area with a gap that needs filled at $174.5
possible consolidation & new trading range between $176-$186... H&S pattern created if Neckline @ $176 is broken (also confirming Bearish Flag) (Measured move is to $151 area)
Retest of previous low $163.76 .. next support $155
This is just a "possible path" to fill the gap at the $145 area.
If Market decides to go Bullish then $186 support should hold and set-up for move back to $200's
*I have not done a volume analysis on this theory yet, I will try to confirm or provide contrarian view of this Bearish analysis when I can.
If you have some ideas or analysis to point out- please feel free to comment.
TSLA $200's ResistanceTSLA opening above $198.5 should go up towards $204 gap fill possibly $206 retracement ...
resistance @ $$199.5-200.5 then $204 (2 sigma weekly Move)
If Fed is Dovish today with a 25bp hike this will help to push bullish narrative
Fed with 25bps and Hawkish rhetoric can stop the bull run.
Below $194, we could see Tesla go for Gap fill below and settle around $190 to finish the week
This Feels like a Bull Trap set-up- just my opinion
I bought back in @ 175
Since I plan on taking Profits for this week I will look into selling $200-$205 calls against my $175 price positions *** this is a profit taking options position,
I would not sell calls if I did not own shares at that lower price.
TSLA Mechanical Rally Failed To Hold MomentumTSLA has been lackluster while the broader market is finally catching a bid. The momentum behind TSLA is gone. Volume is drying up. The Market maker has already bought an un-holy amount of shares in the previous gamma squeezes. TSLA will only see a bounce if there is a huge resurgence of volume and with the uncertainty of the FOMC meeting coming, I do not see that volume entering into TSLA.
I will say there is a bull flag consolidation that is very apparent on the 1 hour time frame that may cause a bounce in TSLA, however, I believe that would be short-lived.
Not financial advice just my opinion.
TSLA Down Trend Signal: Sensitive LineTSLA (Tesla, Inc.) currently trades at a price of 179.0314 USD with a change of 0.32580555% and a change of 0.5814 USD. Over the last month, TSLA has traded between a high of 217.65 USD and a low of 163.91 USD.
The oscillators rating for TSLA is currently neutral, with an average directional index (14) of 27.54. The stock has seen a trading volume of 18,041,026 and a volume*price of 3,229,910,142.22 over the last 24 hours.
The awesome oscillator for TSLA is currently at -12.36887088, and the average true range (14) is 6.41231939. The commodity channel index (20) is at -49.63085532, indicating that the stock may be oversold. The MACD level (12, 26) is at -4.86180021, and the MACD signal (12, 26) is at -4.93418895.
The momentum (10) for TSLA is currently at -3.0186, indicating that the stock may be experiencing a short-term downtrend. The relative strength index (14) is at 42.13, indicating that the stock is trading near oversold levels. The stochastic %K (14, 3, 3) is at 50.56, while the stochastic %D (14, 3, 3) is at 48.93.
The Aroon up (14) and Aroon down (14) are both at 0, indicating that the stock is in a sideways trend. The bull bear power is currently at 0, indicating a lack of momentum in either direction. The parabolic SAR is at 165.07969112, which is currently above the stock price, indicating a downtrend.
The simple moving average (10) for TSLA is at 176.90264, and the moving averages rating is strong sell. The pivot Fibonacci P is at 180.15326667, and the Ichimoku conversion line (9, 26, 52, 26) is not provided.
Overall, based on the technical analysis provided, TSLA appears to be experiencing a short-term downtrend, with oversold levels indicated by the relative strength index and commodity channel index. The moving averages rating is strong sell, indicating that the stock may continue to experience a downtrend in the near term.
Tesla's stock price to fall below $100?!
It is reported that Tesla's vehicles are not allowed to enter government institutions in China. Recently, there have been news that some cities in China have been planning restrictions, which will limit Tesla's access to more places. If this news is true, it will be very unfavorable for Tesla.
China is a populous country with a huge demand for vehicles, especially given the strong support from the Chinese government for new energy vehicles. By the end of 2022, Tesla's sales in China ranked first in the region. If Tesla loses the Chinese market, the consequences can be imagined, and its stock price may fall below $100!
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TSLA SHORT TSLA up trended well from a double bottom to close out 2022 to a head and shoulders pattern
through February and is now in a downtrend. Within that downtrend, there have been some small
pullbacks. The MACD indicator suggests with the lines crossing under the histogram, that a pullback
will soon occur.
I see this an opportunity to buy put options with mid-May expiration at a strike midway between
current price and the retracement zone from the January up trend.
Fundamentally, competition in China and maybe the USA with Lucid, continue to challenge Telse
as does union efforts in the NY solar panel plant, the delays in Cybertruck and rising interest
rates. Demand has been soft lately TSLA dropped its prices to stimulate interest and revenues
could stall one way or another. This suggests the downtrend may maintain its momentum.
TSLA G3 DUMP? Markets bounced strong today... but will Tsla join or be the one to take the hit so the other stocks can run?
TSLA had a Rough Day I'll Keep this simple..
Here are my thoughts on Distribution Schematic:
114% Bull Run in 1 Month - Mainly Short-Squeeze Move
We could see one more move up in a Wyckoff fashion - this will burn the $200 call options along with all the puts added in past 2 days, setting up a Bear Trap and generating more FOMO for Bull Trap 3 thus providing Liquidity for "Composite Man" to make the most $$$
-I also believe that a Markdown is needed for Institutional Buyers to get back into the stock @ lower pricing.
Both Scenarios are viable, yet I'm leaning towards#1 .. but will be prepared to go with the trend.
Long-Term Bull/ Short-Term Bear
good Trading Today
TSLA DROP & POPBearish Pattern upon Bearish Patterns ... 2-3% Drop expected $182.5 is my target
Bulls- TSLA needs to Bounce @ $187 -$185.42 , if not then tsla will see $183.7 -$182.56 ....below $182.56 we can see $179 then $176 *BELOW $179 is going to be tough to get back above $182.. the 50 Daily MA could be next target
Weekly Expected Moves:
High $210
Low:$184
Max Pain Options: $195
I do not see TSLA loosing $182 due to Options Wall. Most Likely, Wall-street will drop price to Liquidate positions and increase put buying.
Bullish Divergence is forming in 1 hr *Providing we drop below $186 and recover quickly, then We can see Tsla try to move to $194 Thursday