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TESLA INC DRNTESLA INC DRNTESLA INC DRN

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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
TSLA: What Happened?After reaching all time high of $488.50 on 18 Dec '24, Tesla has been systematically dropping making lower lows. So far it made a local low at $325.10 which is -33% from ATH. One might intuitively assume that Tesla’s CEO, with significant administrative resources at his disposal, would drive the stock to outperform on a longer period. This narrative held true, particularly after it became evident that the Republican candidate had won the U.S. election. Traders saw Musk’s association with that political circle as a strong buy signal, believing that many others would definitely jump in as well. As a result, price broke out of the resistance driving demand and pushing the stock higher. However, this effect did not last very long as many would have expected. WHAT HAPPENED? Tesla was once the dominant force in the electric vehicle market, both in the United States and abroad. However, its sales are now collapsing, driven by a combination of political and technological factors — many of which are tied to Elon Musk’s increasingly unusual behavior. The Sales Decline Since January 2024 Tesla’s sales have plummeted, particularly in Europe. Recent figures paint a bleak picture: Germany: 60% drop France: 63% drop Norway: 38% drop Sweden: 44% drop In the U.S., while the decline hasn’t been as drastic, Tesla’s share of the EV market is shrinking. What’s Causing Tesla’s Troubles? Several key factors contribute to Tesla’s struggles. Increased Competition Tesla’s early-mover advantage is disappearing. Established automakers like BMW, Mercedes, Hyundai and Kia, as well as newer EV startups like Rivian — now offer electric vehicles with longer range, faster charging, and more luxurious features. As a result, consumers have more choices, and Tesla is no longer the default option for EV buyers. A Cooling EV Market Some of the decline can be attributed to a broader slowdown in EV sales, particularly in Europe, where government subsidies have been scaled back. However, this alone does not explain Tesla’s sharp losses, especially compared to its competitors, many of whom are still seeing growth. For what Europeans could not forgive Elon? Musk's increasingly polarizing political stance like aligning with far-right figures or engaging with controversial accounts online — has alienated large segments of Tesla’s customer base in Europe and other liberal democracies. For a brand once associated with innovation and sustainability, Musk’s actions have tarnished Tesla’s reputation, particularly among progressive and tech-savvy buyers who once formed its core audience. Investor Confidence is Fading Tesla’s stock has been highly volatile, with investors growing uneasy about the company’s future. Over the past month, the stock price has declined, reflecting broader concerns about the company’s leadership and strategic direction. The Cybertruck’s Underwhelming Launch The Cybertruck, once hyped as a revolutionary product, has failed to live up to expectations. Instead of broad appeal, it has become a niche product, often associated with Musk’s most fervent and politically charged supporters. Rather than expanding Tesla’s customer base, the Cybertruck seems to have further divided it. The Bigger Issue: Musk’s Brand Overshadowing Tesla Tesla’s current crisis highlights a broader problem: when a CEO’s personal brand becomes larger than the company itself, it can have devastating consequences. Musk’s antics — once seen as part of his “genius entrepreneur” image — are now actively harming Tesla’s sales and market position. Many people who previously invested in Tesla stock and even owned a Tesla vehicle, they've since distanced themselves, not only due to concerns over vehicle quality but also because they no longer want to be associated with Elon. And while some of Musk’s supporters claim that Tesla will be just fine, the numbers tell a different story. Sales are falling, stock prices are shaky, and confidence in the brand is slipping. The 33% drop from ATH might be just the beginning of a larger cycle of selloff.
NASDAQ:TSLA
by fract
30
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
TSLA when shareholders protest1. Key Observations from the Chart: • Recent Selloff: TSLA has seen a significant decline from its recent high near $480 and is currently testing key support zones. • Major Support & Resistance Levels Identified: • Resistance Levels: • $256.75 – Previously strong support, now acting as resistance. • $290.07 – Another key resistance level (previous major pivot). • $327.72 - $328.00 – Strong confluence zone, likely to reject price if tested. • Support Levels: • $240.68 – Testing this zone right now. • $212.00 - Key Long-Term Support Zone (Highlighted on the chart, critical level). • Below $212.00 could mean significant downside risk. ⸻ 2. Trend Analysis & Chart Patterns • Downtrend Confirmed: Price is clearly moving lower, with the 200-day EMA and trendlines confirming bearish pressure. • Testing Key Support ($240.68) : If this breaks, the next major support is around $212.00. • Descending Resistance Line (Green Line) Could Act as Rejection If Price Bounces. ⸻ 3. Indicator Analysis Stochastic RSI (Middle Panel - Momentum Indicator) • Currently near neutral levels (~52.52) • Not oversold yet, meaning TSLA could still see more downside before a true bounce. MACD (Bottom Panel - Trend & Momentum) • Bearish MACD Cross Confirmed: • MACD histogram is deeply negative, signaling strong selling momentum. • No clear signs of reversal yet.
NASDAQ:TSLA
by ReadyFor401k