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TSLA34 trade ideas

TSLA : A Brief Respite or the Start of a Comeback (Wednesday 12)Overview: At the time of writing, the stock is hovering around $215, barely holding on to that level. The next significant support aligns with the lower boundary of my descending channel, around $210. If that level fails, I believe we could see further downside—potentially even a move below $200 if selling pressure intensifies. Technical Observations: 1. **Descending Channel** My chart shows TSLA trading within a **downward-sloping channel**. The stock is currently near the lower portion of that channel, suggesting that if it loses support at $210, it may continue sliding along the lower band. 2. **Key Support & Resistance Levels** - $210: This level is both a psychological round number and the lower bound of the channel. If it doesn’t hold, further downside is likely. - $232: This is a notable resistance level near the channel’s upper boundary. Breaking above $232 (especially on strong volume) could be a signal of a short-term reversal or a relief rally. 3. **Indicators (RSI & TRAMA)** - **RSI**: Currently in oversold territory, which sometimes indicates a potential bounce. However, oversold can remain oversold if momentum is strong. - **TRAMA** (my chosen trend/momentum indicator): Still suggests a strong downward trend. Any bounce could be short-lived unless broader conditions change. 4. **Potential Bearish Continuation vs. Bullish Breakout** - **Bearish Continuation**: If TSLA cannot hold $210 and continues to close below that channel line, I believe a drop below $200 becomes increasingly likely. - **Bullish Breakout**: In the unlikely event of a swift rebound above $232, it would signal a break of the channel’s upper boundary and potentially open the door to a short-term rally. My Personal Trading Perspective: The slight bounce might just be a short-term relief rally, where buyers step in to pick up shares at a perceived discount. However, if there’s no follow-through and volume remains lackluster, the rally can fizzle out quickly, leaving room for further declines. - Long-Term Entry: I’d personally look for a strong breakout and daily close above $232 (and above the upper 2nd deviation line) before adding to any long-term positions. That would give me more confidence that the downward trend is reversing. - Short-Term Long: I’m watching for a retest of $210. If it holds and shows signs of a bounce, I might take a short-term long position with a potential profit target around $220. I would keep a tight stop-loss, though, because if $210 fails, it could drop quickly. My report is similar to yesterday. My thought process has not changed. Disclaimer: This is my personal trading perspective and not formal investment advice. Always do your own research, double check my findings, and manage your risk accordingly.
NASDAQ:TSLAShort
by CrayonGuy
Tesla (TSLA) – A Familiar Pattern Emerging? Tesla (TSLA) – A Familiar Pattern Emerging? The broader market has been undeniably volatile, but in times like these, I always come back to one of my favorite trading mantras: “When in doubt, zoom out.” Looking at Tesla’s 4-hour chart, a compelling setup is unfolding. We can observe a repeating cyclical pattern forming, with what appears to be the third phase of this sequence now on the horizon. Notably, RSI is at oversold levels, historically signaling potential reversals in Tesla’s price action. One key takeaway: TSLA has shown a tendency to break out aggressively from similar conditions in the past—especially when accompanied by a catalyst. Whether it’s a fundamental news event or a technical breakout, this could be the moment where the stock makes a decisive move. A key level to watch? A breakout above could confirm momentum, while holding may be crucial for bulls. ⚠️ As always, this is NOT financial advice—just my own observations and analysis. Good luck and trade smart!
NASDAQ:TSLALong
by Pzidster10
Tesla (TSLA) Bearish Harmonic Pattern – Potential Reversal at ReTesla (TSLA) 15-Minute Chart Analysis Key Observations: Harmonic Pattern Formation: The chart shows a Bearish Harmonic Pattern (possibly a Gartley or Bat pattern). The pattern completed at point X, near 235 - 236 USD, suggesting a potential reversal zone. Bearish Rejection at Resistance: The price reached the X-point resistance and is showing signs of rejection. The black arrows indicate a possible move downward, confirming a bearish scenario. Support and Resistance Levels: Resistance Zone: Around 235 - 236 USD (where the price reversed). Support Zone: Near 228 - 230 USD, which could be the first downside target. Volume Consideration: There is high volume at the bottom, which suggests previous buying pressure. If selling pressure increases near X, it strengthens the bearish outlook. Trade Outlook: Bearish Scenario: If the price continues to reject at 235 - 236 USD, it could drop toward 228 - 230 USD. Confirmation: A break below 230 USD may accelerate the decline toward 225 USD. Invalidation: A strong breakout above 236 USD would invalidate the bearish setup and suggest further upside.
NASDAQ:TSLAShort
by Fx_olivia_queen
TSLA: What is going to happen on Tuesday, March 11 Analysis: Looking at today, Tesla dropped another 15.43% ($40.52) and 3.22% ($7.14) in aftermarket. It broke through the supporting line of $250, passed through the middle linear regression line (look back period of 160) and ended up below the bottom deviation of 2. At this point, it’s sitting around $215, barely holding at this level. The next key support is around $210, lining up with the lower bound of the channel. If it doesn’t hold, we could see further downside movement within the trend and even a crash down to below $200. Although RSI does point to oversold, TRAMA still indicates that it is on a strong downward trend. Any bounce might be short-lived. The only key resistance level above this current price is at $232, but with the current trend, it is super unlikely it would test this upper extreme for the following days. Personal Opinion: With the current situation regarding politics and tariff wars, we’re likely to see more volatility in Tesla’s price action. For instance, Reuters noted that Tesla’s shares dropped 15.4% in aftermarket trading after breaking through key support levels, signaling investor anxiety over heightened macro risks . If tensions escalate and stricter tariffs are imposed, the stock could be pressured down even further. As tariff-related uncertainties continue, the chance of Tesla dropping below $200 are more and more likely . That said, Tesla has historically rebounded faster than any other stock. Data from Nasdaq and related market analyses have shown that after steep declines, Tesla’s often comes back with a fast recovery. If any consolidation happens, a reversal might happen. Personal Strategy: My new long-term entry price would be at $232 with a strong break out and closes above the upper 2nd deviation line. My new short-term long would be a retest at $210 and a take profit at $220 Disclaimer: This is my personal trading perspective and not formal investment advice. Always do your own research, double check my findings, and manage your risk accordingly. Links to Quotations: AP News Investopedia
NASDAQ:TSLA
by CrayonGuy
1
Omnichart presents - TSLA - long term trendsay what you will but what I see here is a long term trend intact. In a 3 month chart I see TSLA is in a squeeze, once released take the trade. If the squeeze is with Up momentum, scale or deploy in to the position. You can also buy a put at or near the current levels as indicated by the current fibonacci support line and also sell a near term put at the below fibonacci support level. If expires worthless keep selling a shorter term put to raise money - this might give you additional income which may pay off the long term (LEAP) put you bought near the current price.
NASDAQ:TSLALong
by omnitrade