Tesla. Oh my! Triangle breakout? 4/July/24TSLA probably just at wave (B)(blue) of bullish triangle. If there was a pullback toward 148 +/- maybe that would be a buy.
TSLA trade ideas
Tesla’s Post-Deliveries Surge Stretched from an EV StandpointTesla is having a rough year, being the underperformer of the Magnificent Seven group, as its peers surge. But the stock soared to new 2024 highs after the Q2 delivery report showed a substantial sequential increase, gaining more than 20% this week. Bulls are now back on the driver’s seat and have the opportunity to chase last year’s peak (299.29), although the record highs are distant.
However, this surge is hard to justify from a purely EV prospective. Tesla may have offloaded some of its inflated inventory in Q2, but deliveries were lower than a year ago, just as sales of Chinese rival BYD surged. Demand has weakened despite price cuts, the futuristic Cybertruck is not for mass production (and not for everyone) and we still have not gotten an update of the aging Model Y, which was the best-selling car of 2023. At the same time, there is some uncertainty around the crucial 25K affordable car that could accelerate sales and EV adoption, although it’s a price point where Tesla may have a hard time competing against Chinese firms.
Given these factors and the fact that the stock rally is stretched, a return below the EMA200 would not be surprising. This would create risk for new 2024 lows (138.80), but sustained weakness has a higher degree of difficulty.
Tesla at this point seems like a somewhat overvalued car maker, but an undervalued Artificial Intelligence company. At least part of the market optimism must be based on the AI promise. Elon Musk is preaching AI as the future of the firm, in a technology with the potential to unlock tremendous value as Tesla definitely has an edge, given the vast amounts pf proprietary data it collects from sources like the cameras and sensors in the hundreds of thousands of vehicles it has sold. The CEO pushes hard on full self-driving and robotaxis, with announcements expected in August, as well as humanoid robots and envisions more than a thousand of them working at Tesla factories next year.
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Past Performance is not an indicator of future results.
(TSLA) with a Fibonacci channel overlay. Here is some interesting observation from Tesla chart and Fib channel overlay.
### Observations:
1. **Fibonacci Channel**:
- The Fibonacci channel is drawn from a high point in 2021 to a low point in early 2023.
- The lines are drawn at key Fibonacci levels (0, 0.25, 0.382, 0.5, 0.618, 0.75, 1).
2. **Price Action**:
- TSLA has been in a downtrend from the peak in 2021, moving through various Fibonacci levels.
- Recently, TSLA has rebounded from the lower levels and is currently trading around $246.39.
3. **Key Fibonacci Levels**:
- **0.25 level**: Around $175, acted as recent support.
- **0.382 level**: Around $195, another potential support/resistance.
- **0.5 level**: Around $250, currently acting as resistance.
- **0.618 level**: Around $300, future potential resistance.
- **0.75 level**: Around $350, another significant resistance level.
### Analysis:
1. **Current Trend**:
- TSLA has shown a significant rebound, indicating a potential change in the trend or at least a strong retracement within the downtrend.
2. **Support and Resistance**:
- The immediate resistance level is at the 0.5 Fibonacci level (~$250). A break above this could lead to testing the 0.618 level (~$300).
- Support is likely around the 0.382 Fibonacci level (~$195) and 0.25 Fibonacci level (~$175).
3. **Volume**:
- The volume seems to be significant during the recent upward movement, which could indicate strong buying interest.
4. **Potential Scenarios**:
- **Bullish Scenario**: If TSLA breaks above the $250 level with strong volume, it could head towards the $300 mark.
- **Bearish Scenario**: If TSLA fails to break the $250 resistance, it could retest the $195 or even $175 levels.
### Conclusion:
- **Short-term**: Watch for a break above $250 for a bullish move towards $300.
- **Medium-term**: Sustained movement above $300 could indicate a reversal of the downtrend.
- **Long-term**: Consider the broader market conditions and Tesla's fundamentals, as well as news and earnings reports, which could impact the stock significantly.
NOT A FINANCIAL ADVICE
Tesla Next Target is Channel Top $230, 2nd Target $286, T3 $400Tesla is Trending within the "Channel". The 1st Target for Tesla is the Channel Top at $230. if it Breakout above the Channel, the Next 2nd Target is $286, followed by a 3rd Target of $400.
I want to help people Make Profit all over the "World". Additionally, I am Eager to Receive Money form Worldwide because of my Potential. Thank you
Tesla's Stellar Performance Ignites S&P 500 The U.S. stock market reached a new milestone on Tuesday, July 2nd, 2024, with the S&P 500 closing above 5,500 for the very first time. This historic achievement was fueled by a powerful surge in Tesla's stock price, coupled with positive signals from the Federal Reserve regarding potential interest rate adjustments.
Tesla, the electric vehicle (EV) leader, emerged as the star of the show. The company's stock price skyrocketed by over 10%, propelled by exceeding analyst expectations for their second-quarter deliveries. This impressive feat marked Tesla's second consecutive day of strong gains, solidifying investor confidence in the company's future prospects. The positive momentum surrounding Tesla not only propelled its own stock price but also had a ripple effect on the broader market, particularly the Nasdaq Composite. The tech-heavy index followed suit, closing at a record high itself, exceeding the 18,000 mark for the first time ever.
Beyond Tesla's individual performance, another significant factor contributed to the market's bullish sentiment. Federal Reserve Chair Jerome Powell, in a much-anticipated speech, hinted at the possibility of future rate cuts. This dovish stance from the Fed was met with enthusiasm by investors, as lower interest rates are generally seen as a positive catalyst for stock prices. Chair Powell's comments suggested that the Fed is cautiously optimistic about progress made in combating inflation, potentially paving the way for a more accommodative monetary policy in the near future.
The confluence of these events – Tesla's dominance, the Nasdaq's record highs, and the Fed's softening stance on inflation – created a perfect storm for the S&P 500 to breach the coveted 5,500 barrier. This milestone signifies a period of exceptional growth and resilience for the U.S. stock market. It's important to remember, however, that market triumphs are rarely linear. While the current outlook appears optimistic, there are always external forces that can influence market direction.
Looking Ahead: Sustainable Growth or Market Correction?
The question now on everyone's mind is whether this record-breaking rally can be sustained. Analysts hold varying perspectives. Some believe that the market's current momentum is a reflection of a robust and growing U.S. economy, with factors like strong corporate earnings and continued technological advancements fueling the rise. They argue that the S&P 500's ascent above 5,500 represents a new chapter in market history, and further growth is possible.
However, others express caution. They point to potential risks, such as ongoing geopolitical tensions, potential supply chain disruptions, and the possibility that inflation might not be definitively tamed. These factors, they argue, could trigger a market correction in the future.
Investor Takeaways: Navigating the Evolving Market Landscape
Regardless of one's specific viewpoint, this historic event serves as a crucial reminder for investors. It underscores the importance of conducting thorough research, maintaining a diversified portfolio, and having a long-term investment strategy. Investors should also stay informed about economic developments and adjust their strategies accordingly.
The S&P 500 breaching 5,500 is undoubtedly a significant milestone. It reflects a period of exceptional growth for the U.S. stock market, fueled by a combination of strong corporate performance, optimism about inflation, and potential adjustments in monetary policy. However, as with any market rally, there are always underlying risks to consider. By staying informed, maintaining a diversified portfolio, and adhering to a well-defined investment strategy, investors can navigate the evolving market landscape and potentially benefit from the current economic climate.
TSLA OVERBOUGHT SELL!!! Looking to retrace back to $222 then it will possibly be a buy, we have a lot of overhead resistance at $250 level and still in a longer term downtrend. The "numbers" are still declining not sure what traders dont get about that
TLSA Breakout of 4 year triangleHey there, just pointing out that if you draw a triangle from COVID low (2020 Low) to the 2021 High, to the 2023 low to 2023 high, you're going to see the biggest triangle you've ever seen. We just broke out of it. Elon is a genius. He started PayPal. He has SpaceX and regular X. He has the Boring Co. He builds robots and implants brain chips. This thing is going to ATH and beyond. Wait for the news, it will come later. Mark it.
FOMOMassive FOMO into TSLA happening here
It will run with SPX to the 5550 area though, see related post.
TSLA is going to need a breather... could be a clear rejection in which case it is going down to fill gaps, or could form a handle for another run
not financial advice
TeslaTesla is attempting to test the last major peak at 198.90, which is the level that needs to be violated, to shift the trend to an uptrend in the short and medium term, which will push Tesla to continue its rebound near 205.60 - 217.80 - 228.20 in the short term.
The stop-loss lies below 186.45.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
TESLA 300 BY DECEMBER ? NASDAQ:TSLA TESLA 300 BY DECEMBER
Tesla had a challenging first half of 2024, with its stock facing headwinds. However, there are signs that the electric vehicle (EV) maker could be on the path to recovery. Here’s what Wall Street analysts and experts are saying:
Q2 Deliveries: Tesla reported second-quarter deliveries of 443,956 vehicles, surpassing analysts’ estimates of 436,000. While this is a decline from previous quarters, it’s better than expected. Investors view this as a positive sign for the company’s future prospects.
Energy Storage Boost: Tesla increased its energy storage capacity to an all-time high during Q2. This development is particularly significant because it suggests that Tesla could benefit from increased energy demand driven by the AI boom. As artificial intelligence accelerates, energy demand and electricity generation are expected to rise, potentially benefiting Tesla Energy.
AI Developments: Investors are closely watching Tesla’s advancements in artificial intelligence. The company’s Robotaxi and other AI initiatives could be the next growth drivers. Morgan Stanley strategists have even speculated about Tesla getting its mojo back, with clients asking about positive catalysts for the future.
Tesla - Breakout leading to four digits!NASDAQ:TSLA is attempting to break out of the long term descending triangle consolidation.
If you cannot wait patiently for your textbook setups, there is no chance you will make money trading. For almost four years, Tesla has been consolidating in a huge triangle formation. And it seems like Tesla is finally breaking out towards the upside. This breakout was actually not unexpected at all and provides a very high probability trading opportunity in the near future.
Levels to watch: $250
Keep your long term vision,
Philip - BasicTrading
TSLA Inverse Head and Shoulder I believe Tesla has formed and completed an inverse Head and Shoulder showing upside potential to reach the 1st target at around 240$ . We will have to clear the Supply zone in order to reach the target. This is a multi week swing although there is no specific target date
Invalidation point: Below 180$
TSLA is about to go on a run to new ATHs from here...(REPOSTED) - I made the same post on 31/07, but now it is hidden by Tradingview.
...but you wouldn't believe it.
The asset shows signs of being close to its ascent towards new price discoveries after a corrective period.
Observe the consolidation patterns of waves II and IV. The first corrective period was long, so this one tends to be short.
Notice how the reversal pattern became clear much faster in wave IV.
Thanks!
TSLA continuing ?TSLA (Tesla) 4-hour chart, here are some key observations and a technical analysis:
Observations:
Current Price: TSLA is trading at around $247.35.
Resistance Levels:
The chart shows resistance around $248.34.
Support Levels:
Near $238.27 (highlighted by the stop loss line).
Strong support around $207.71.
Long-term support around $179.66.
Volume: There's an increase in trading volume, indicating strong interest and potential momentum.
Trend: The stock is on an upward trend, as indicated by the series of higher highs and higher lows.
Moving Averages: The moving averages are trending upwards, supporting the bullish trend.
Technical Indicators:
MACD: The MACD is above the signal line, suggesting bullish momentum.
RSI: (not visible in the screenshot but important to check on your platform) would help indicate if the stock is overbought or oversold.
Analysis and Prediction:
Bullish Scenario:
If TSLA can break above the immediate resistance at $248.34, it could move towards the next psychological level around $250 and potentially higher.
Given the strong upward momentum and volume, the next target could be around $265.50 (as indicated by the take profit line).
Bearish Scenario:
If TSLA fails to break above the resistance and experiences a pullback, the first support to watch would be around $238.27.
A break below this level could see a further decline towards the next support around $207.71.
Suggested Trading Strategy:
Entry Point: Consider entering a long position if TSLA breaks above $248.34 with strong volume.
Stop Loss: Place a stop loss around $238.27 to limit potential downside.
Take Profit: Aim for a take profit target around $265.50 to capture potential gains from the upward movement.
Conclusion:
TSLA appears to be in a strong bullish trend with significant momentum. Watching the price action around the resistance level at $248.34 will be crucial. A break above this level could signal further gains, while a failure to break could lead to a short-term pullback. Always consider using stop losses to manage risk.
247$ in 3-4 weeks247$ is the target for the next 3 to 4 weeks. There is only one way this can play out based on the patterns we clearly see. Bullish divergence on daily, weekly and monthly on the rsi. We are going higher. W-reversal pattern bulish to the upside, we have broken out of the downward sloping channel. This company is solving a real world problem, making EV's and saving the enviorment. They are gonna be the first with totaly selfdriving. Musk is a true hero
