TSLA updatedIt has broken the ascending broadening wedge to the upside. Plenty of room on the RSI to run. I believe 550 to 600 USD is the next point it will run to.
Let's see. I still expect 26 USD once the top is reached.
Not financial advice.
TSLAB trade ideas
TSLA Soars to Key Levels. Ready for December 12, 2024How to Trade Using GEX and Options Oscillator Insights!
Key Observations:
* Price Movement: TSLA is trading at $428.57, nearing the Highest Positive NETGEX / Call Resistance level.
* Volume Trends: High volume reflects significant interest and momentum in the stock.
GEX Levels:
1. Resistance Levels:
* 429.90: Immediate resistance, aligned with the Highest Positive NETGEX.
* 440 (2nd Call Wall): A breakout above $429.90 could lead to this level.
* 450 (3rd Call Wall): Extended bullish target.
2. Support Levels:
* 415: Immediate support; a breakdown could lead to a retest of lower levels.
* 390: Strong support reinforced by GEX levels.
Options Oscillator Insights:
* IVR (Implied Volatility Rank): 69.7 – Elevated IVR suggests high option premiums, favoring strategies like selling options or spreads.
* IVx (Implied Volatility Average): 67.3% – Reflects high expectations for price movement in the near term.
* Call %: 88.3% – Extremely bullish sentiment, with calls dominating puts significantly.
Trade Recommendations:
1. Bullish Setup:
* Trade: Buy TSLA $440 Call expiring December 22, 2024.
* Target: $440–$450.
* Stop Loss: Below $415.
2. Bearish Setup:
* Trade: Buy TSLA $415 Put expiring December 22, 2024.
* Target: $415 or lower.
* Stop Loss: Above $430.
Conclusion:
TSLA shows strong bullish momentum, with the GEX and Options Oscillator aligning for a potential breakout. However, elevated implied volatility and the dominance of calls highlight a sentiment-driven rally. Traders should watch $429.90 closely for breakout confirmation or failure at resistance.
Disclaimer: This analysis is for informational purposes only. Always trade responsibly and consider your risk tolerance.
Tesla is overboughtTesla is overbought. This is a 5 year view on TSLA 1 week chart. TSLA stochastic indicator is overbought with a close today of 99.95 K line and 96.42 D line. I got the average trajectory channel using the regression trend drawing tool. Then I color coded the channel with red being major resistance and green being major support. Also, TSLA closed with it's all time high today at 425. I'm posting this as a short because there's a greater downside risk than an upside reward now. At some point in the next few weeks, gravity will overcome momentum.
TSLA options data:
12/20/24 expiry
Put Volume Total 168,582
Call Volume Total 314,428
Put/Call Volume Ratio 0.54
Put Open Interest Total 591,885
Call Open Interest Total 550,113
Put/Call Open Interest Ratio 1.08
1/17/25 expiry
Put Volume Total 109,436
Call Volume Total 159,467
Put/Call Volume Ratio 0.69
Put Open Interest Total 1,058,948
Call Open Interest Total 989,464
Put/Call Open Interest Ratio 1.07
2/21/25 expiry
Put Volume Total 13,715
Call Volume Total 34,291
Put/Call Volume Ratio 0.40
Put Open Interest Total 149,526
Call Open Interest Total 233,165
Put/Call Open Interest Ratio 0.64
GEX Analysis for TSLA - Dec. 13, 2024Current Price: $419.85
IVR: 71.7
IVx Average: 67.5
Options Sentiment: Strong bullish sentiment with 83.8% in Calls.
Key Levels:
* HVL (High Volume Level): $380.00
* Support Levels:
* First Support: $407.50 (PUT Support)
* Second Support: $400.00 (GEX9 Level)
* Third Support: $390.00 (3rd CALL Wall)
* Resistance Levels:
* First Resistance: $420.00 (Highest Positive NETGEX Level)
* Second Resistance: $425.00 (2nd CALL Wall)
* Major Resistance: $435.00 (GEX10 Level)
Market Sentiment:
* TSLA shows strong bullish momentum as indicated by the dominance of Calls (83.8%). A breakout above $420.00 could pave the way to $425.00 and potentially $435.00.
* A breakdown below $407.50 might shift sentiment toward bearish targets at $400.00 or $390.00.
Actionable Strategy:
* Bullish Setup: Go long above $420.00, targeting $425.00, with a stop loss at $418.00.
* Bearish Setup: Consider short positions below $407.50, targeting $400.00, with a stop loss at $409.50.
Reminder:
Always monitor updated IVR and IVx metrics for live market conditions before entering trades. These provide critical insights to refine your strategy.
Disclaimer: This analysis is for educational purposes only. Always conduct your own research before trading.
TESLA option play planFirst of all thanks to papa E and orange toasty for becoming besties, we getting the mad pump.
Second of all it was a reasonably easy bet to take. Why take 2x on vanilla trump vs harris when you can slap on some out of the money option calls? its a full win/lose bet but the options get you 5-10x average for this one.
Risk - Reward ratio is everything. If your taking the risk make sure the reward pays for it.
Putting this one down so I can reference going forward. Yeh we might go flat for few months.. or dump because of tarrifs and xyz blah blah,, but This is just the strong bull option which is the scenario im aiming to hopefully play.
Euphoria/blow off phases tend to have two main features
1. its velocity/momentum is faster than you think (its over before you know it; just when your getting really excited)
2. it tends to go higher than you thought
PE ratios, valuations etc are hinting at top energy here.
lets ride it and hopefully jump ship in time.
TSLA LONG So, Bill Gates is shorting Tesla now, huh? Well, I guess someone’s trying to rewrite the definition of "tech genius"—because betting against Elon Musk and Tesla right now is like trying to short a rocket ship while it’s halfway to Mars. Meanwhile, Tesla’s soaring to new all-time highs, and we’re about to hit $500+ per share, making Gates look like that guy who still uses Windows 95 and wonders why his email doesn’t work.
Bill’s probably sitting in his giant mansion, trying to figure out how to update his "Short Tesla" spreadsheet—while Elon’s over here launching cars into space and making more money than the entire GDP of some small countries. It’s like betting against the Matrix while wearing sunglasses indoors. So, good luck, Bill. Keep an eye on that stock; you might want to upgrade to Windows 11... you know, to keep up with the times!
Tesla - In a possible EW flat structureTesla could be in a Elliott wave 4th wave irregular flat correction. It seems there could be a little more to go to the upside. The idea is simple: sweep liquidity from above the ATH, dump, and sweep liquidity from below where people might have put stop losses. Look for signs of distribution above the current ATH.
Not financial advice.
TSLA - Same pattern again ?If NASDAQ:TSLA repeats the same ralli again this will be the resulting graph.
Now, we have one obvious difference, first impulse is almost complete by 9 months earlier when compared to previous ralli.
While the first ralli was yielded 25x, this ralli (if happens again), will yield 3x.
TSLA wayyyy too high! Will crash to $280-$320 rangeRSI levels are completely elevated to a point that is just not sustainable for a car company. I buy the TSLA technology and "extras" but this level of elevated prices will drop very soon once reality hits and profit takers take advantage.
Leverage TSLZ to take advantage of this nice short x2 opportunity. Best of luck and do your dd!
TSLA to $420?TSLA has been on a tear over the past month or so. Using the Magic Linear Regression Channel indicator we look at the chart of TSLA and see that it has blown through a lot of the parallel channels, making it seem difficult to pinpoint. But, by adding an outer Fibonacci band to the Magic Linear Regression Channel, and selecting starting pivot highs followed by the biggest drops, we can form a channel that has an upper Fibonacci channel that coincides with the all-time high. However, since TSLA didn't get to Elon's favorite number, 420, last time around, I think it will make it there this time before correcting or consolidating. And, it could make it there before the end of the year.
Tesla Inc. (TSLA) - Potential Elliott Wave Setup🔍 Analysis Overview
This chart showcases a potential Elliott Wave structure on Tesla's daily timeframe. Here's the detailed breakdown:
Wave Progression:
Wave (1), (2), and (3) completed, with wave (4) anticipated to retrace.
Wave (4) Retracement Zone:
- Targeting the Fibonacci retracement zone between 0.382 (340.99) and 0.618 (280.16).
- This zone aligns with a confluence of the trendline and previous support levels.
Bullish Targets:
- First target at 440.13.
- Secondary targets at 470.80 (1.236) and 489.88 (1.382 extension).
Risk Management:
- Stop-loss positioned at 275.00 to manage downside risk.
📊 Indicators:
- RSI and MFI reflect potential overbought conditions in the current wave (3), supporting the likelihood of a corrective wave (4).
🚨 Important Notes:
This is a speculative wave count and assumes the continuation of the broader uptrend. Breaks below the stop-loss zone could invalidate the setup.
TSLA: Sell As we reached ATH, we have to be aware that the cup of cup & handle Motif is finished and we might see a correction of 1/3 or 2/3 of cup hight. This corresponds also to daily and weekly mean reversion target's. Risk/Reward ratio is to unfavourable to stay in. Better to sell
Tesla UpdateAs mentioned on the last couple posts, I am just waiting for Tesla to hit a top and begin a consolidation to the downside again. For this post, I thought I would zoom out to give a more holistic picture of where we're at, and where I believe we're headed.
Looking at the chart there are a few things going on. At the top of the chart, you can see a time tool I have drawn to point out the duration of these larger moves. Our larger ((A)) wave lasted for about 428 days, while the larger ((B)) wave is going on 705 days. Then, looking at the yellow trend lines drawn, you can see we have slightly breached the upper trend. At the bottom I have drawn a line pointing out the ATH high MACD reading that we're approaching. RSI is in the way overbought territory too. You may be asking yourself; Why am I talking about all of these things? The reason I am pointing these different things out to you is to show how overextended this ticker is. To express that I believe it is just a matter of time until this stock comes back down.
Looking at the structure/pattern that has been created, I find it highly likely that Tesla forms a flat ABC pattern ending around the red 1.0 @ $100.09. The red fibs could change slightly should Tesla make another high. It won't be a big difference, but could slightly change, nonetheless. The next major move lower should be primary wave ((C)) of Cycle wave II and will likely last 1-3 years...if not longer. We cannot know for certain how long, but unless the wave (3) of ((5)) started out as a LD, we're head lower soon. The only other option aside from a LD is a corrective pattern, which is how I am counting this.
I hope this gives a clearer picture of where we've been, where we're at, and where we're headed. Please let me know if you have any questions.
Tesla time to fireTesla ready for serious upmove from these levels. Cup and handle formation on the cards, some big announcement may come to push share up. Whats up elon ?
Trading JournalNew leader emerging post election,
got a 15% position, sold as it crossed ~~405 range as it is extended
and other leaders are getting hammered in the extended market.
WIll look to rebuy back
Sliding In December: Is Tesla (TSLA) Losing Its Spark?
As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it:
Losing all its spark? Nah. But, we see a correction for TSLA happening this December, starting within the next 1-2 days. Why?
- It’s currently bumping into price levels we last saw in 2022, which served as a strong ceiling back then and might trigger profit-taking now.
- It's well into a Wave 5 Elliott Wave, signaling exhaustion in 4h/8h/1D timeframes.
- Overbought.
Additionally, many are noting that Tesla’s valuation feels stretched compared to its earnings and growth prospects. Analysts point out that its current price may rely on overly optimistic assumptions about future market share, tech breakthroughs, and profitability. Some also highlight that competitors are catching up, which could eat into Tesla’s premium valuation. Meanwhile, skeptics argue that the stock’s recent run has simply gotten ahead of fundamentals, and a correction might be due as more realistic expectations set in.
We see a 10% slide to the $360 range.
Let's see what December brings.
Be Alert.
Trade Green.
TESLA: Can it reach $500?Tesla is overbought both on its 1D (RSI = 76.375, MACD = 28.880, ADX = 43.174) and 1W (RSI = 76.043) technical outlooks. This however isn't by any means a bearish sign, at least not on the long term. Tesla appears to be aiming for $500 in the immediate future and in our view even higher on the long term. The reason is the convincing 1W Golden Cross that is about to be formed and the last time we had such a clear Cross was on January 21st 2020.
The stock was ona bullish breakout after a Channel Down correction. The breakout initiated a rally that was supported by the 1W MA50 all the way until the November 2021 Top on the 4.5 Fibonacci extension! Tesla's 2025 target shouldn't be $500 but instead the 2.0 Fibonacci extension at $640. As long as the 1W MA50 supports, we will stay long term bullish towards that target (TP = 640.00).
See how our prior idea has worked out:
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Simple Bull vs Bear Targets and ConditionsSome simple bullish targets (yellow) for Tesla, conditioned upon remaining above the white neckline and getting and holding above the red one.
Simple bearish targets (orange) are conditioned upon losing the white neckline, and then dropping and losing the green one.
Nearer term bear targets could also simply be the white line, the green line, or the area of the weekly high and low of the last weekly low above the green line
TSLA - Next Bull Market ApproachesTSLA
Will hit ATH resistance soon.
There will likely be some sort of sell off...
But this trend looks strong.
I think this will soon break into the next bull market 👍.
The arrow was well drawn 😅 but I didn't post this one on TradingView
Not advice
TSLZ to take advantage of TSLA dip to $280TSLA has had a nice run for about 2 months, but gravity always prevails and profit takers will push the price to about $280-300 range. You can use TSLZ to take advantage of this position IMHO!
Best of luck and always do your own due diligence!
Tesla: Are We Dropping to $350 or Climbing to $480?Good morning, trading family.
Tesla is sitting at a key level, and it looks like we’re about to see a big move. Here’s what I’m seeing:
Option 1:
We could see a drop of $50-$60, taking Tesla down to $350-$360 before it finds support and bounces back.
Option 2:
If Tesla holds here and starts pushing higher, it could climb to $440. After that, we might see either:
A pullback of $50-$60, OR
A continued run all the way to $480.
This is one of those times where the chart is doing the talking. Trade what you see, not what you hope for.
If this breakdown makes sense, hit like, follow, and share your thoughts below. Where do you think Tesla is headed next? Let’s figure it out together.
Kris/ Mindbloome Exchange
Long $TSLAI am getting 100% of my exposure currently through NASDAQ:TSLL , I am very bullish on this setup for Tesla.
Bull catalysts:
Trump Victory - if this happens, I assume TSLA will pump just because of their close relationship
Federal EV Charging Re-compete - in the vein above, I don't see why Trump wouldn't open the failed federal funds of ~ SEED_TVCODER77_ETHBTCDATA:9B to companies to recompute the contract- obviously Tesla could actually deliver the network of chargers more efficiently than GM et al.
QE - I overlaid the FFR on the bottom of this chart, since I think it is valuable information regarding the last time TSLA's face-melting rally began, it coincided with QE beginning.
Their humanoid robots also could be something, but I am not as versed with them. Any other catalysts I'm missing?
Frankly !!NASDAQ:TSLA is in the ascending phase by the cup and handle.
Tesla is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
Tesla shares in Frankfurt rose by 12% on Thursday, reaching a two-week high, as strong sales forecasts pleased investors. Elon Musk, the company's CEO, predicted on Wednesday that car sales would grow by 20 to 30% next year, reassuring investors that Tesla is improving its core electric vehicle business and alleviating concerns about the production timeline of a taxi robot . However, last night Tesla shares again failed to meet expectations and reported lower earnings. The only slight improvement was in dividend distribution. But due to Elon Musk's repeated promises of improved production, similar to previous periods, its stock will open with a surge today. Each time, he has given the same assurance but failed to deliver on it !!
previous Analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
