TSLA BullsTSLA has buying interest at 185 levels because of the bullish engulfing candles at this key level.
TSLA trade ideas
Elliot Wave Chart Analysis for Tesla, Inc. (TSLA)This chart presents an Elliott Wave analysis of Tesla, Inc.'s weekly stock price, highlighting key wave patterns and potential scenarios:
Wave Structure:
The chart indicates two primary corrective phases labeled W and Y.
The first corrective phase (W) shows an ABC correction, marked with internal wave structures.
The second corrective phase (Y) also presents an ABC pattern with further internal structures.
An X wave connects the W and Y corrective phases, suggesting a complex correction pattern.
Corrective Patterns:
Within both corrective phases (W and Y), the chart uses Elliott Wave labels (A, B, C) to detail the internal structure of the corrections.
Wave (B) in phase (Y) appears to have completed a sharp upward move, potentially indicating the end of the corrective wave.
Trend Lines and Key Levels:
A red diagonal trend line connects significant peaks, indicating potential resistance.
The price level of 299.29 USD is labeled "INVALID ABOVE," suggesting that a move above this level would invalidate the current bearish outlook.
The price is currently at 263.26 USD, marking a crucial decision point.
Current Price Action:
The chart shows the price approaching the critical 299.29 USD level, testing the upper boundary of the potential corrective wave.
Trading Ideas:
Bearish Scenario: Fake Out and Five Waves Down
If the price is rejected at or below the 299.29 USD level, it could confirm a fake-out scenario.
This would likely lead to a five-wave down structure, targeting lower support levels and indicating a significant decline.
Traders might consider short positions below 263.26 USD, with stop-loss orders above 299.29 USD to manage risk.
Bullish Scenario: Running Flat Completion
If the price breaks and sustains above the 299.29 USD level, it could suggest the completion of a running flat correction.
This scenario would favor a bullish continuation, potentially leading to new highs as the price moves out of the corrective phase.
Traders might look for long positions above 299.29 USD, targeting higher resistance levels for potential gains.
Conclusion:
Monitor the 299.29 USD level closely, as it is critical for determining the next major move.
A break above this level favors a bullish scenario, while a rejection could lead to a bearish continuation.
TSLA on an uptrend on a 1M timeframeTSLA on an uptrend on a 1M timeframe. This analysis is for informational purposes only.
Technical Analysis: TSLA at Strong Resistance zone.In the chart
Tsla has reached strong resistance zone.
tsla → is it the end of correction?!hello guys...
I published before this analysis:
I believe the target of the short position was 127$!
but now the price made a three-drive pattern and showed us a manipulated area! I think if the price comes higher than 185$ it will mean the correction is done!
let's see what happens!
___________________________
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Tesla gains approval for government vehicle procurement in ChinaTesla Inc. has received approval for its Model Y vehicles manufactured in Shanghai to be included in the new vehicle procurement batches for official use by government and public organisations in Jiangsu Province, China. This marked a significant development for Tesla, indicating strong support from the Chinese government. It comes after assurances that Tesla's data collection practices meet local requirements following a data centre establishment and plans to release Full Self-Driving software in the PRC this year.
The recent engagements between Tesla CEO Elon Musk and Chinese Premier Li Qiang also seem to have contributed to bolstering the company's position amid the ongoing US-China technology tensions. This new allowance for government agencies to purchase Tesla cars could boost Tesla's sales and presence in the Chinese market.
Technical analysis of Tesla Inc (NASDAQ: TSLA)
Analysing the potential trading opportunities based on Tesla's stock performance:
Timeframe : Daily (D1)
Current trend : the stock is currently in an uptrend, demonstrating strong growth potential
Resistance level : the last known resistance at 198.85 USD has been surpassed, and no new resistance has been established
Support level : 179.65 USD
Potential downtrend target : if a downtrend initiates, the downside target could be set at 160.00 USD
Short-term target : if the uptrend continues, the next short-term target could be around 310.00 USD upon rebounding from the resistance level
Medium-term target : with sustained positive momentum, the stock price might rise to approximately 345.00 USD
Investors should closely monitor Tesla's performance, especially after these new developments in China, as they could significantly impact the company's stock valuation and market strategy.
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Will Tesla Double in Price This Year, Obliterate Bill GatesIt's gone a week or so, since Elon Musk gave Bill Gates advance warning last Tuesday not to truffle with him again. The Microsoft cofounder faces annihilation if he makes any further attempt to bet against Tesla.
That’s because Musk believes he will have transformed the carmaker into an AI colossus worth a staggering $30 trillion as soon as Tesla completes its pivot from selling EVs first and foremost to operating a lucrative fleet of robo-taxis and humanoid robots.
“Once Tesla fully solves autonomy and has Optimus in volume production, anyone still holding a short position will be obliterated,” he posted to social media on Tuesday. “Even Gates.”
Indeed Tesla stocks recently jumped, erased all the 2024Y losses, to print new 6Mo highs. 52-weeks SMA has been passed through also, while Daily RSI(14) skyrocketed to 85+ area.
Tesla is Dressed To The Nines.
This English idiom meaning “The highest degree of perfection.” Literally, the idiom means “Dressed like a brand new man.”
Btw, in financial circles, this is how they speak about assets after a Super Combo rally of continuous growth in shares or indices , after nine consecutive growing bars in a row (daily, weekly, monthly time frames).
That’s exactly how many (nine) daily growth bars in a row were recorded on the eve of July 8, 2024 in Tesla shares.
In nowadays even Tesla printed not 9-day but even 10-day winning streak, with the stock soaring 44% over the period. Prior to the rebound, shares were down 27% year-to-date, but they're now back in positive territory for the year, up nearly 6%.
And it marked the second biggest combo rally in Tesla shares after May-June 2023, when the stock rose continuously for 13 (!) trading sessions in a row.
It is worth to note that last time, after reaching “The Super Combo” in Tesla shares, Up/Down price deviations over the next 12 months were approximately equal, approximately 30-35 percent in each direction.
Who knows, how many extra days will last this series right now, and where this soap opera ends.
It's clear Mr. Elon wants to zap investors stress fast.
TrackerLet me show you a track code. Its all i want to share, but trading view is making me to type more before í can pass, so all i need to write is let me show you track code. By now trading view should let me go 🤣
#TESLATesla Stock Analysis
By examining Tesla's stock chart, we see that after reaching the first bearish target previously, the price rebounded. Contrary to our expectations, it didn't decline from that level. Instead, Tesla surged to $260 with significant momentum. Currently, Tesla is approaching a key resistance level, and we need to observe the initial reaction at this point. This analysis will be updated accordingly.
TSLAI missed the leg up, but there was no clear entry, therefore no regrets.
What is important, is that the moves that I placed within the converging lines - are all zigzags. That is why it is prudent to assume a triangle. If it draws the wave E, I will definitely join the bulls :)
$TSLA "Seasonality" aka #WHITEBOYSUMMERI put up some nice longer term #Fib levels and pointed out "Elon Summer Seasonality" with faces...
4/4 positive over past 4 years.
5th year inbound ? !
213 by 7/19... (battling with 186 level right now. check internals chart for live updates)
Hence the 200Cs for 7/19
-Prophecies
(Ignore the Yellow line, sorta)
tesla bears come out?tesla short at resistance
rsi on daily over 85
why pump?
earnings comes soon.
it will be a sour one as usual
tesla goes back to median in the coming weeks months(most likely)
Tesla TSLA Soars on Strong Q2 Deliveries
Tesla stock TSLA has surged remarkably by more than +10% near a six-month high Tuesday to close at $231.26, after reporting better-than-expected second-quarter delivery numbers.
Technically speaking, TSLA shows clear bulls' control, especially after confirming the breakout of the inverted H&S pattern and the downward medium-term trendline.
Targets: $256.00 - $276.00.
TSLA short at 265TSLA 1 week chart since 2022 has not broken TTCATR support or resistance levels. So now what? Well the higher probability is that TSLA gets rejected at 265. However, if TSLA changes it's trading pattern it could break out. I'm posting this as a short TSLA at 265 because of the higher probability trade.
Can Tesla Get Back to Even? What I'm WatchingI still can't believe that, back in April, Tesla was down 43% since the start of the year. It's been ages since we've seen a drop like that for Tesla. I circled that point on the chart with a red circle. Also, the yellow and orange lines are the 50 and 100 day moving averages, about to cross and seem to be turning upward.
Fast forward to now, and Tesla has bounced back, down just 6% since the year's start. If Tesla goes green on the year... watch out.
There are a number of reasons why Tesla might be turning the corner, and that especially seems to be its recent delivery numbers. But, before we go there, what really caught my eye is how quickly companies like NVIDIA have recently outpaced Tesla over the last 6+ months. I just can't remember such a hot stock becoming "left behind" in such a short period of time. Both TSM and Broadcom also passed Tesla rather quickly - also semiconductor stocks.
Now, why did Tesla pop recently? As many of you know, Tesla reported 443,956 deliveries in Q2, slightly above Wall Street's expectations of around 439,000 units. There's nothing quite like beating Wall Street and proving them wrong. But let's not forget that Wall Street can spin the numbers to fit their narrative. This delivery figure is still a 4.8% decrease from the same quarter last year, hinting at Tesla's resilience.
However, personally, I'm more intrigued by Tesla's product mix and the new projects they're working on. That's where the real story is. And I think this comeback is just the start of that.
Tesla: BE CAREFUL We are currently at the 0.5 / golden ratio resistance levels, the recent spike was the market taking out late shorts. Notice that we are about to hit the last local high as well. I caution anyone to buy here as we may be running out of fuel. Looking at the ichimoku the general trend is also bearish at the moment. I would suggest anyone bullish to wait until this level is flipped, let price break through this resistance and ideally retest this level as support. Don't get sucked into the hype, the market is still generally bearish and inflation is still high. The market may have some relief but wait for confirmation
Should we buy more TSLA(?) - July 5TSLA (Tesla Inc.) 30-minute chart, let's examine the key elements and indicators visible in the screenshot:
Time Frame: The chart is on a 30-minute time frame for TSLA on NASDAQ.
Trend Lines: An upward trend line is present, indicating a recent uptrend.
Candlestick Patterns: The recent candlesticks show a strong upward movement followed by some consolidation.
Volume Profile: The volume profile on the right shows areas of high trading activity, which can act as support and resistance levels.
Indicators: MACD is visible at the bottom of the chart.
Support and Resistance Levels:
Current Price: ~$251.03
Key Support: Around $249.89 and $236.31
Key Resistance: Around $253.68
Analysis:
Trend: The current trend is upwards, as indicated by the ascending trend line and recent price action.
Volume Profile: The volume profile suggests significant activity around $251.03 and $249.89. These levels often act as support or resistance due to the high volume of trades occurring there.
Support Levels:
First Support: $249.89 - This is a key level from the volume profile and also aligns with recent consolidation.
Second Support: $236.31 - This level is closer to a previous low and another significant volume node.
Resistance Levels:
First Resistance: $253.68 - The recent high and an area where price might face selling pressure.
Second Resistance: $260 - Not explicitly visible in the chart, but a round number and psychological resistance.
Indicators (MACD):
The MACD is showing a bullish trend with the MACD line above the signal line, which indicates upward momentum. However, watch for any divergence or crossovers that could indicate a change in momentum.
Projection for July:
Upside Potential: If the price continues to follow the ascending trend line, it is likely to test the first resistance at $253.68. A break above this level could lead to further upside towards $260.
Downside Potential: If the price fails to hold the first support at $249.89, it could test the second support at $236.31. Breaking below this level might indicate a shift in trend.
Entry/Exit Suggestions:
Swing Trading:
Entry: Consider entering a long position if the price pulls back to around $249.89 and shows signs of support (e.g., bullish candlestick patterns or increased volume).
Exit: Target the first resistance at $253.68. If the momentum is strong, consider holding for a move towards $260.
Stop-Loss: Place a stop-loss below $249.89, around $248, to manage risk.
Conclusion:
The current market sentiment for TSLA is bullish with an uptrend in place. For swing trading, look for entries around support levels with targets at resistance levels. For scalping, focus on quick trades based on breakouts and price action around key levels. Always manage risk with appropriate stop-losses.
TSLA-SELL strategy 4-hourly Heikin AshiThe shape of the pattern feels like "false bull flag" pattern, and further, we seem to have good selling pressure amidst the move higher (green candles).
the stochastic is high and will eventually start showing negative signals, is my viewpoint.
Strategy SELL current $ 250-260 and take profit near $ 220-225. SL place above $ 275 for now.
$TSLA 2nd day correctionNASDAQ:TSLA yesterday made first correction move from 259 to 250, today might be 2nd wave to 246 + runer for 240 (plan =) + AMEX:SPY NASDAQ:QQQ looks overbought in zone RSI 75, NASDAQ:QQQ near 500 looks attractive for bounce
Update Tesla stock after profit takingWith this idea, we can easily see the confirmation for a breakout in the weekly frame, which is usually true when the price has passed through the boundary of the second butterfly wing according to this butterfly pattern.
In addition, I have a profit taking level according to this model combined with a 4-year cycle.
Good lucky.!!
Update plan with TeslaUpdate plan with Tesla
Tesla stock has touched the daily line which is good support, however you need to consider taking partial profits when the price hits the price holding zone that is eventually broken down which is also the horizontal resistance level. In case the price continues to break out of that horizontal range, we will continue to hold the order. On the contrary, if the price does not break through, we wait to buy in the demand area 128-122 and hold the order until the end of June and the end of July.
Good lucky !!!
