Tesla --- Wait for bottom BuyMy fav Share is again forming BULLISH pattern and is about to hit bottom....
I am expecting a huge upside again :-)
Gautam
TSLA trade ideas
TSLA 7/27Tesla (TSLA) on a 1-hour timeframe shows several key technical elements:
Trend and Price Action:
The price has been in a downtrend, with a recent attempt to recover.
There is a visible downtrend line connecting the recent highs, suggesting resistance.
The current price is around $224.71, with a recent low of approximately $195.27.
Volume Profile:
The Volume Profile indicates a high concentration of trading volume around the $224.70 area, which could act as a significant support or resistance level.
The Value Area Low (VAL) is at $224.55, and the Value Area High (VAH) is at $224.79, indicating a narrow range of significant volume concentration.
Moving Averages and Indicators:
The MACD (Moving Average Convergence Divergence) at the bottom shows recent bullish crossover, suggesting potential bullish momentum.
Volume bars indicate varying levels of trading activity, with a spike in volume near the recent low.
Support and Resistance Levels:
Immediate resistance levels are around $249.89, $255.86, and $260.00.
Immediate support levels are around $224.70 and $224.55, with stronger support around the recent low at $195.27.
Technical Analysis Summary
Bullish Indicators:
The MACD bullish crossover indicates potential for upward momentum.
The price has recently bounced from a low and is attempting to break through resistance.
Bearish Indicators:
The overall trend has been downward, and the price is still below key resistance levels.
The narrow range of the Volume Profile at the current price level suggests potential for volatility.
Trading Strategy
Bullish Scenario:
If the price breaks above the resistance around $224.79 with strong volume, it could indicate a potential move toward higher resistance levels around $249.89 and $255.86.
Monitoring the MACD for continued bullish momentum and the volume for confirmation is crucial.
Bearish Scenario:
If the price fails to break above the resistance and starts to decline, it could retest the recent support levels around $224.55 and potentially the recent low of $195.27.
Watching for a bearish crossover in the MACD and an increase in selling volume can confirm this scenario.
Conclusion
Currently, TSLA is in a critical zone around the $224.70 area. Breaking above or below this range with significant volume will likely set the next directional move. Traders should monitor these levels closely and look for confirmation signals from volume and momentum indicators.
TSLA: Time to React? (D&H charts).As we warned in our last study, resistance at 265 was extremely dangerous, and prevented the uptrend from persisting.
In addition, TSLA's price lost critical support levels, which reversed the trend in the short term, materializing the pullback on the daily chart that I mentioned in my last public study here on Tradingview, the link to which is below this post.
Now, TSLA's price is trying to react around its support level near the open gap at 213.23. If TSLA fails to materialize a bullish reversal at this support area, we can expect more bearish continuation, and the next target would be 205.30.
So the timing is critical, and it all depends on how TSLA closes this week.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Covered call on TSLA Love this chart. This gap down is SEMI bullish, but we have some time to wait on this and I'm excited to see TSLA grow higher into $300 towards end of year.
$TSLA i think tesla is about to reach the skies.-Support zone has been hit
-Critical support level for tesla
-Teslas new Robotaxi and new AI are being added
- Fibi area of 0.618 has been hit
LETS MAKE PROFITS!!!!!!!!!!!!!!!!!!!!
$TSLA Tesla Trendline test coming upThe medium term downtrend was broken and we are headed back to test that breakout at $228.
With the volatility in this share it wouldn't surprise me if we close the gap at $213 as part of the trendline test.
If the trendline holds it could offer another buying opportunity.
Earnings expected on 23 July and this remains a speculative buy.
Cup & HandleStart forming a Cup & Handle pattern.
Waiting for the handle to form and as well the confirmation when breaking the upper resistance trendline on the handle
Target: in the area of $440 - 470
TSLA: BUY THE DIPTSLA: BUY THE DIP
-Demand zone support.
-Key level support.
-Fibo golden zone retracement at 0.618.
.
US STOCKS- WALL STREET DREAM- LET'S THE MARKET SPEAK!
TSLA does the upcoming RoboTaxi announce change things LONGTSLA has the accouncement upcoming. Price will pump for sure. Will it then dump or
change the trend altogether? The forecasts are there. The tea leaves and crystal balls
will tell the rest of the story. In the meanwhile, I will take long trades to play this in
the immediate term. One million taxis making $250 / per day every day per each is
serious potential future growth perhaps at the expense of UBER and LYFT which may get
a bearish bias in the short term on this upcoming announcement. Playing the news
sometimes works.
TSLA basing on its volume profile for a trade LONGTSLA on the highly reliable weekly chart is at the bottom of its volume profile in the lower
part of the high volume area. The TTM Squeeze Indicator ( TTM = Trade the Market John Carter)
has printed a signal for four weeks. The RSI faster and slower lines are near to the 50 level.
The mean relative volatility has steadily decreased and this is in an increasing squeeze state.
This is a setup for a patient trader to take a position in a swing trade. I am looking for a trade
into the upper part of the high volume area and so to the 240-280 range. I will get some shares
as well as a few call options for November (ITM). TSLA will be subjected to a number of
variables making the trade a bit risky including the Musk compensation battle, the China
economy, competition with Chinese EVs in Europe, federal rate actions and the presidential
elections as well as the evolution of self-driving. It is TSLA's volatility that makes it a great
trade. My entry signal here is a TTM indicator going black to white.
TSLA Support and Resistance LevelsThese are the major levels on TSLS
270
215
160
We are still above 215 thats why i believe TSLA might get a bounce here. We cant confidently short above 215 because thats a major support level. Once we break that we can short again to the bottom.
Tesla - Clear fakeout With the repeated recalls, multitude quality issues, timelines that are repeatedly never met, with competitors from the east catching up and some even getting ahead coupled with the general lackluster future of the company it's a pretty obvious short.
Disclaimer: These are not trading signals. Trade at your own risk!
Hanging ManAfter an impressive rise we will probably finish the week with a Hanging Man expressing the jump as exhaustive.
A correction of the rise shall be due.
TESLA BUY IDEA. Tesla is at excellent buying zone of 215$-220$, as per my analysis it will cross 250$ mark in next couple of weeks which will 13-15% gain from current buying zone.
TSLA hit target 1I have been calling for this correction for a while, it has finally come, TSLA abruptly hits the price target circle on strong volume. If this area doesnt hold before 215$, I expect the stock to drop between 200-185$. This could be one of the biggest bull traps I have seen. Remember, golden fib rejections are very likely to play out.
TSLA short time IdeaNASDAQ:TSLA
Tesla might follow the Wykoff accumulation pattern.
Best is to buy at 160 to 140 and ride it all the way to new all time highs.
Tesla - Fakeout leading to a -50% drop?NASDAQ:TSLA is currently trading at a key inflection level, forming a trend for the next years.
Within a couple of hours, an entire stock can reverse and fundamentally change its trend. Tesla is still retesting a multi-year resistance trendline and is down about -8% today. If this selloff continues and Tesla rejects the resistance trendline with a massive bearish wick, then we will most likely see a correction back to the lower support of the descending triangle pattern.
Levels to watch: $240, $120
Keep your long term vision,
Philip - BasicTrading
This is an obvious top.I have never seen a more obvious top in a stock. Short via puts one month and two months out at 120 and 100. Risking all of the premium.
TSLAPair : Tesla Index
Description :
Symmetrical Triangle as an Corrective Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
CHoCH
$TSLA - The way of the RoadsterThis thing wants to move up again, ran up a bit hot, might consolidate a few days before move to the next fib channel.
Targeting sept-dec range for $300
not trade advice
TSLA Gonna Break Some HeartsThe details are self-evident on the chart ... been following this guy since the beginning. An end of an era or maybe just a slight reset until what's next reveals itself in the charts.
Fib extension of 2.272% maxed out at the top. If you're a believer, plan your next steps accordingly. And, enjoy every sandwich :)
$TSLA Q3 buy and sell zones - Long term Bull - transition acitonMy long-term bull but right now we’re in a heavy transition. I can see if the gas companies pulling back a little bit because they already have lines that sell and they have cars they need to focus on. It is smarter to allow the current EV companies to do all the heavy lifting and develop the system that will move into the future of EV transportation, even if that includes autonomy and Robo taxi, but the current moment is an infrastructure build out moment of Tesla that needs time and will be used as a short fuel, and so for me, I look for buying opportunities
