TSLA short soon readyHi there,
Tesla still looks bullish but price action is preparing a big bearish move to the downside, wait for wave 5 to complete to short it, or just go long with it till we near the top.
Target 400
Good luck
Tslastock
TESLA breaking resistance lines and moving upHello everyone, as we all know the market action discounts everything :)
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TSLA has been doing great for the last couple of days the stock price jumped from 718.33 and reached 799.38 today. That is an 11% increase in 6 days.
The long and short term trends are both positive. and looking at the yearly performance, TSLA did better than 87% of all other stocks. We also observe that the gains produced by TSLA over the past year are nicely spread over this period.
Possible Scenarios for the market :
Scenario 1 :
The market is trading near 791.36 and nearing the resistance line located at 794.82 if this momentum continues then we will see a breakout from that level that will push the market up where the first stop will be at the 814.84 resistance where the Bears might step in an attempt to drop the price back to the 794.82 level. In case the Bulls were able to keep control over the trend we could be seeing the stock reaching the 849.43 level soon.
Scenario 2 :
When the market reaches the first resistance at 794.82 a battle will happen between the Bears and the Bulls to gain control over the market, In case the Bears were able to strip control from the Bulls then we will see a drop in price that will reach the first support level located at 754.36.
The bulls will step in at that level to take control again and keep the uptrend going which will lead to an increase in the stock value that will reach 794.82 again and from there breaking out and reaching the 814.84 level
Technical Indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The RSI is at 69.25 showing Great strength in the market and almost reaching the overbought zone.
3) The MACD is above the 0 line indicating that the market is in a Bullish state, With a positive crossover between the MACD line and the Signal line.
Daily Support & Resistance points :
support Resistance
1) 754.36 1) 784.60
2) 734.34 2) 794.82
3) 724.12 3) 814.84
Weekly Support & Resistance points :
support Resistance
1) 737.08 1) 793.26
2) 699.76 2) 812.12
3) 680.90 3) 849.43
Fundamental point of view :
TSLA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 172.10%, which is quite impressive and the Altman-Z score of 16.91. This indicates that TSLA is financially healthy and has little risk of bankruptcy at the moment.
TSLA's Return On Assets of 3.90% is amongst the best of the industry. TSLA does better than the industry average Return On Assets of 0.02%.
The shift to electric vehicles will force huge changes in the auto industry and require EU backing for 'reskilling' programs to help workers prepare for a zero-emission future, according to a report published on Tuesday.
The Platform for Electromobility, an industry group, said a report by the Boston Consulting Group showed by 2030 European auto industry employment will drop by less than 1% from 5.7 million people today amid the transition to electric vehicles. according to Reuters
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
TSLA heavily shorted by Michael Burry!SCION ASSET MANAGEMENT, the hedge fund owned by Michael Burry - the man who bet against the housing market in 2008, if you are too young, you know him from "The Big Short", is now heavily betting against TSLA!
He owns puts on Tesla for 35% of his portfolio, with a market value of $731,017,000!
Besides the strong competition that TSLA has now in the EV sector, the U.S. National Transportation Safety Board would open an investigation into a fatal crash earlier this month involving a Tesla vehicle in Florida that led to the deaths of two people.
My first price target is 690, but it can drop even further, to 601usd.
TSLA, the 5th elliott wave has been started. 150% gain ahead.elliott waves are drawn on the chart . the fifth wave's target is also in the chart . it's the zone between 38.20% of Fibonacci extension and 261.80% of Fibonacci retracement.
TSLA 4H BUY AND SUPPORTTSLA 4H support is at ~$680
Also try to set some buy orders near the support zone
If TSLA holds above the trendline,
the Take-Profit target would be $710, $738 and $755
TSLA 3/day and weekly Trend ReversalOn the weekly for tesla, we are seeing a trend shift on the trend bricks and all 3 trend meters. This is a good confirmation for an entry on a short position.
We will have a 3-day close also in the red.
I would look for an entry on a weekly close confirmation.
Great long-term potential setup.
TSLA SIDEWAYS until August$TSLA is showing very strong support $600 levels and resistance around $700s. For my options brothers can trade Jade Alligator options strategy. try to trade next weeks expiry for max profit potential,
if you like the idea then please support by liking and sharing.
Thanks
TSLA LONG on the Daily algorithmTSLA S3XY algorithm initiated a long position on the daily time-frame on June 23. The weekly signal remains neutral and if both daily and weekly are long then we have a potential price explosion for tsla that could retest and break thru $1000. Daily Long position is very bullish and likely the early signs of TSLA making another attempt to run up to $1000. Before $1000, there are three psychological levels - 700, 800 and 900. There are two time aggregation periods that suggest the price level of 700 will be taken out this week based on the famous BLT candlestick combination. These combo candlestick setup can be viewed on the 2D and 3D aggregation period. We have opened two positions and likely to continue to add more for July and august monthlies. S3XY on the 30min time frame is long and we also have a full position using common shares.
$TSLA VIDEO BREAKDOWN AND ANALYSIS 6/1-2Video update on $TSLA
As always looking at both sides of the coin on this one. $635 is our main resistance that needs to be broken for continuation
TSLA is seeking direction. However, because this 30 min wave is ending, the chance of going down is bigger. But don't long or short right now on 30min chart
$TSLA Friday Pre Market Update! 5/28Video update on $TSLA ! Looking forward to see where we finish today. Price Action is still consolidating.
TSLA 1D ChartHello there,
As we can see TSLA still above the support line, if TSLA can hold this level we can see a wave to the green line in upcoming days with +26% possible gain.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Than you.
$TSLA Michael Burry Adding Gas to A House Fire!Video breakdown and Technical analysis on $TSLA
We are at our 200 EMA on the daily or our last daily support.
TSLALooking for a long-term entry on TSLA but it seems to have lost a key trendline on the weekly chart. No trade zone at the moment.
Will look for Buys at the Support zones mapped horizontally - otherwise I will await confirmation of a reclaim of the trendline to enter
TSLA - Elliott Wave Analysis - CorrectionHi All,
I'm a long term Tesla Bull, but bearish short term, the price action suggest short term bearish price action.
Reasons
- No Catalyst until July Delivery Numbers
- No S/X Deliveries yet
- Nasdaq still in correction mode and has a room to come down, pressure on tech/growth stocks.
- Elon's tweets about FSD subscription(impacts financials) and FSD V9 release dates(impacts no financials on short term, helps perception which is good) are still in the air with no factual date of release.
- Elon's sudden move on BTC adoption, then again sudden reaction on it's rejection, creates only confusion and markets don't like it, but this will have only short term ~1 day impact on trading.
PS: This is just my opinion based on price action and macro level economics. Please be careful picking your trades.
$TSLA PROCEED WITH CAUTION PROCEED WITH CAUTION WHILST BUYING THE DIP!
Things are trending down and there are no straight lines in the market $TSLA is no exception. Uploaded late due to server issues.
$TSLA BEFORE YOU BUY THE DIP, WATCH THIS! (Technical Analysis)A video update on $TSLA
WE have lost our daily support on $TSLA and are currently loosing our channel support as well. We are looking for a correction tomorrow potentially back above support but will do further analysis at the bell.
$TSLA 5/4 Update and Technical Analysis BreakdownVideo update for those of you watching $TSLA WE could be consolidating here on support but yesterdays 50%+ loss is indicative of a reversal. Ill be going over a couple of different scenarios
Previous breakdowns linked below.
$TSLA Perfect Bounce! Target Lock on $750 Next WeekIf you find these charts or video breakdowns useful be sure to leave a like and follow for more daily breakdowns.
We got our bounce today! and it was STRONG! Heavy pockets unloading on this bounce giving us a bullish engulfment.
Going into next week I am setting my first target at 750 for the EOW
Monday I would like to see $TSLA above the 9MA (white line) or 720. The 9 MA is only confirmation that we will see continuation and a stock will ride that MA during a bull run
After seeing the strength that was exhibited today and looking back at similar movement we could see a 3 bar play here on the daily time frame up to resistance around 765-755
But getting past 725 is our first challenge
WHY $TSLA BOUNCED TODAY! T&A, PREDICTIONS, AND BREAKDOWN!Make sure to like and follow if this video helps you for more daily content.
Its a great feeling when your technical analysis hits, but the dms I have gotten on my social media are the best! Glad you guys caught my previous breakdown on $TSLA If you didnt make sure to follow!
Today was a perfect example of the lucrativeness of options. Some options opening up at .50 and closing over 15.00 (or $50 to $1500) and I saw a lot of people in their bag today!
But moving on into next week we could see 750 action with the right market conditions. In this video ill be giving a brief explanation on what I expect going into next week!
More within! Have a great weekend!!!
$TSLA Post Earnings (Update 4/29)So as posted before $TSLA has followed that downtrend set in my last $TSLA Idea published.
Market conditions have been an added damper but $TSLA appears to be making way down to our daily support in the 675-665 range. I expect a bounce up to resistance tomorrow (purple line) perhaps 692 if we bounce at the bell tomorrow.
Ill be waiting for the bounce off support and a bullish daily candle for confirmation. (See previous video and idea post below)
Good trading
$TSLA Pre-Earnings Price Targets (Technical Analysis)We Ended Friday under resistance (purple line) and relatively low volume. Going into earnings which good earnings could be crucial for holding up a bull market. Based on the structure of this daily pattern, if earnings does not go well, we could see a trip to support (not immediately)
Support (RED TREND LINE) for $TSLA would be in the $645-$660 Range if we do see a drop. If we bounce off said support bullishly then I will take a starter position with an anticipated break of downtrend (purple line)
Resistance (GREEN TREND LINE) is around $765 and if earnings goes well and investors react positive we could see an initial push to $788 and in trend move up to $835 as a second target. Price targets are high and the bull are waiting for this earnings to step up. This weeks earnings will more than likely dictate where we trend for the rest of April and May. I will link my previous video breakdowns below, if you haven't seen those, I give an in depth look on the setup going into earnings. Good luck traders and if you like this content make sure to leave a follow and a like!! I will be posting a video breakdown on Monday as well. Stay tuned!
$TSLA REPEATING PATTERNS (UPDATE 4/20-21)Video update on $TSLA (last video linked below. Still in trend and I have a plan for both the upside and the downside.
