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 trade ideas
$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
TSLA: Sell ideaSell idea on TSLA as you can see on the chart because we have the breakout with force the vwap and the support line.
Musk's Warning to Gates Backfires: Tesla's Mixed Q2 ResultsApproximately a week ago, Elon Musk cautioned Bill Gates against shorting Tesla stock, suggesting potential negative consequences. However, the situation has shifted, with Tesla's stock price experiencing a significant $20 drop following the release of its earnings report in the aftermarket.
Tesla's Q2 2024 results were a mixed bag, leaving many questions unanswered. While sales increased by 7% compared to the previous year, overall revenue from car sales declined. This news is concerning for investors who primarily view Tesla as a car manufacturer.
Additional points of interest for investors include the timeline for the release of Tesla's new range of affordable vehicles designed to compete with aggressive Chinese manufacturers, which is expected in the first half of 2025. Moreover, the company has postponed plans for increased factory productivity and the unveiling of self-driving vehicles until 2025 and October 2024, respectively.
The lack of clear communication from Elon Musk and his team regarding these developments has contributed to investor uncertainty and subsequently impacted the share price.
Key takeaways from Tesla's Q2 2024 results
Earnings per share (EPS) : $0.61, down from $0.91 in Q2 2023 but up from $0.45 in Q1 2024.
Revenue : $20.16 billion, a 5% decrease compared to the same period last year, but a 16% increase from Q1 2024's $17.38 billion.
Deliveries : 444,000 vehicles, exceeding expectations but still 5% lower than the same period last year.
Several factors have contributed to a decrease in demand for Tesla vehicles, including high-interest rates, which make financing vehicle purchases more expensive for consumers. Additionally, the impact of Tesla's aggressive price cuts from the previous year is diminishing, and competition is intensifying, particularly in the Chinese market. In the domestic market, Tesla is losing ground to competitors like General Motors and Ford.
Despite these challenges, Tesla's share price had experienced a 33% increase in the first eight days of the month, adding $209 billion to the company's valuation.
Looking ahead
The weekly chart indicates that Tesla's share price has rebounded from its April 2024 low of $140, surpassing the 200-day simple moving average (SMA) and the falling trendline from November 2021. Buyers will aim to reclaim the September 2023 high of $278 before targeting the 2023 high of $300. Immediate support levels are at $230 (200 SMA) and $223 (falling trendline). A drop below these levels could lead to the 100 SMA at $210 becoming a potential downside target.
Long Term Elliot Wave Count - Tesla MotorsTesla could be in the middle of a complicated correction. It could be forming a B wave triangle before C wave bottoms some where close to the $100. The alternate count could take Tesla higher towards $350 to complete the B wave before wave C bottoms out near the $100. Either way, it is possible that Tesla could drop towards the range of $100-150 before the uptrend resumes.
TESLA Huge gap down after Earnings! Buy opportunity in disguise?Tesla (TSLA) was down more than -8.00% in pre-market trading after reporting its lowest profit margin in over five years and missing second-quarter earnings expectations. This was largely due to cut prices to revive demand and increased spending on AI projects.
This however can technically be a buy opportunity in disguise as following the ATH Lower Highs trend-line of November 2021 break-out, a new bullish potential emerged and the pattern may very well be a Channel Up as so far the rally since the April 22 Low resembles the 7-month Bullish Leg following the January 06 2023 bottom.
The Target can be within the Resistance 2 level and a potential +194.87% rise (previous Bullish Leg) range. We update our long-term Target to $380.00, slightly below Resistance 2.
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