Possible BUY set up for teslaPrevious liquidity purge, price ran down and filled the gaps, nicely balanced with a rapid movement on the 3D chart. For a reasonable swing target. Although with global macros in play at the moment, I wouldn't want to hold for too long.Longby cloud-kicker1
TSLA Short Idea (or long)TSLA is back to the critical trendline resistance from ATH in late 2021. It had a big move above, which ended with a fakeout and hard rejection. Now it's back again. I like puts here, but I won't be holding on to them if it begins to break above this trendline again.Shortby AdvancedPlays2
New high for 3 days straight.... aGaIn ToMoRrOw ? Bow down to the bulls, cant even hate because I ate with them too (bars). Tesla is bullish in my opinion and as we all can see, they are getting close to the target I've stated the last few days and if you a bear, watch if they reject at 226 but I don't really think there will be an issue until 233. I really want the bears to react in that area... scare them a bit-make them sell a bit at 233 and hopefully bears can have fun, potentially do a retest at 216 by Mensky_JwettUpdated 2
TSLA going parabolic soonConsolidation on the 1 month chart looks very ready to pop. Targets 295 for T1, 501 for t2 610 for T3 What's daunting, I can see TSLA trading over MIL:1K in the near future.Longby CoinObservatory1111
Tesla - Possibility Of A BreakoutNASDAQ:TSLA can break out soon: Over the past two weeks we saw an incredible stock market rally and also Tesla completely reversed the flash crash which we saw in the beginning of August. It is still quite possible that Tesla will break out of the long term triangle and immediately head back to the previous highs. Levels to watch: $230, $400 Click chart above to see the detailed analysis👆🏻 Keep your long term vision, Philip (BasicTrading)Long04:11by basictradingtv28
tsla C&Hstraight to technicals after tesla made this higher high on my trendline and proved we have an EMA to work on/trendline that it respects i would hope for it to either break through my 222 pivot or at least find support there (level by level) if we can hold the resistance as support and create another higher high we can look upwards to the next levels of 264 ,299 and ofc the 356. The projection of the cup and handle is 78% from current price (cup and handle depth = projection after breakout elon wishes to take tsla to the levels of 400 and based on the companys preformance of their robotaxi and other bots scifi they wish to introduce to the real world we could see this rise to a new ath or ofc.. a big failure to 90.78. companies need to preform to increase, unlike gold or silver or anything that works based on supply and demand so anticipating failure or success is literally impossible but if we believe in the company values in their leadership in their team that could up the chances. so if you trust elon can win the hardships there shouldnt be a reason the projection wouldnt work. Longby Captainobvious54540
TSLA still a BUY ++++Next targets are $230 and $236 we are in a clear uptrend and broke above the $205 and $211 resistance levels I previously posted aboutLongby ShortSeller762
TSLA - breakout incoming TSLA - stock breaking above trendline resistance for $220. calls added in group. Lot of call flow coming as well. next resistance at $226 and $233.95. Stock is strong on indicator level.Longby TheStockTraderHub0
Tesla (TSLA) Technical Analysis for August 20-23, 2024Current Market Data Tesla's stock (TSLA) is trading at approximately $222.72, showing a 3.05% increase today. The broader market sentiment, including the S&P 500, has been relatively positive, with major indices closing higher. This upward momentum is largely driven by optimistic expectations around upcoming economic data, particularly from the U.S. and China. Key Economic Events Impacting TSLA FOMC Member Waller's Speech: Any hawkish comments could create volatility in the tech sector, including TSLA, as it may hint at future interest rate hikes. CB Leading Index: A decline of 0.6% signals a potential slowdown in economic activity, which could weigh on growth stocks like Tesla this week. Technical Analysis Chart Overview: The chart shows TSLA in a rising wedge pattern, typically a bearish signal. Price action is nearing the upper boundary of this wedge, and the stock is trading around a significant volume profile zone between $222.05 and $222.99. There's a visible resistance level at approximately $235.15. Support and Resistance: Immediate Support: $219.82 Stronger Support: $212.29 (also aligning with a lower volume area) Immediate Resistance: $222.99 Critical Resistance: $235.15 Volume Profile: The volume at the $222-$223 range indicates significant trading activity, meaning the price might struggle to break above this level. However, if it does, it could lead to a test of the $235 resistance. MACD: On the 1-hour chart, the MACD is starting to show signs of divergence, which may indicate weakening bullish momentum. Trading Strategy For Tomorrow (August 20, 2024): Bullish Scenario: If TSLA breaks above the $223 level with strong volume, consider a long position with a target around $230, keeping in mind the $235 resistance. Bearish Scenario: If TSLA fails to sustain above $222, watch for a breakdown below $219.82, which could open the door for a move towards $212. For This Week: Bearish Outlook: Given the rising wedge pattern and potential economic headwinds, a bearish bias could be warranted if macroeconomic data disappoints or if TSLA fails to maintain the current upward momentum. Scalping Strategy: Utilize the $219-$223 range for quick in-and-out trades, being mindful of the broader market's reaction to economic data. Conclusion While TSLA has shown strength recently, the technical indicators suggest caution, particularly with the stock trading near the top of a rising wedge pattern. Economic data throughout the week could provide additional volatility, making it important to stay alert to any changes in market sentiment. Suggestions: Monitor economic releases closely; these can heavily influence TSLA's price action. Consider reducing exposure if TSLA starts to break down from the rising wedge, especially with broader market uncertainties.by BullBearInsights1
TSLA is targeting 295 & 330 & 430Hello Traders, I'm sharing a long position on TSLA, and I'll explain my reasoning below. Entry Price: 223 Stop-Loss: 172 1st Target: 295 2nd Target: 380 Reason 1: The price has rebounded from the lower deviation of the uptrend channel (grey), not the lower deviation of the downtrend channel (blue). It is now targeting the upper deviation resistance line of the uptrend channel (grey) at 295. Reason 2: A cup & handle pattern is progressing and will likely be confirmed if the price closes a weekly bar above 253 and the target will be around 330,380 and maybe 430 as shown below NASDAQ:TSLA Longby Eymen-GUVEN1
TESLA DAILY BUY SET UPThe last daily retest wasnt lower than the previous daily low so i waited for a daily choch which was caused by a daily bullish candle being bigger than the last & lowest bearish candle on the daily retest. When the daily bullish candle closes, I then drop down to either a 4hr or a 1hr and wait for that retest to take it back up to the previous daily highLongby TradersLair1
Tsla retesting 250$ soonTSLA looks to break out of the wedge again, this is the second time candle bodies have closed outside of the wedge to the upside. I expect 258$ again in a few weeks with a likely rejection in this range. I believe the stock will rip to close to 300$ by end of year, I expect it to fall to under 200$ again next year. Summary: Short-term - 258$ End of Year 295$ Next year mid- sub 200$Longby Apollo_21mil2
Conviction is everything! From Drawdown to ProfitMy pre-market video prepared us exactly for this move. That is why we had conviction in our trade and allowed the market to do what it has to do! The nature of trading is chaotic - our job as traders is twofold - limit our risk (compared to our reward) and simplify the movement of a chart. While my charts may look anything but simple, if you watch my videos you'll understand just how simple it can be if you are prepared and understand how the market works. Happy Trading :)56:21by ReigningTrades6
Bears disappointed me today I was impressed by the bulls, they just wouldn't let that 199 level go, bears you was right there or what's the play. Yes, I am permabear but it's because I like going straight to the point and I have balls of steel but don't make me beg for pennies chasing calls here if bulls open at 205 and you know the amateur will chase trying to reclaim 208 and next thing you know we at 212,217. Good gameplay but would rather the trendline break and 188 def make sense. by Mensky_JwettUpdated 3
TSLA Short term outlook - Potential day trades today/TmrwThese are the algorithms I'm watching to see if tapering does proof itself for a lower time frame liquidity build. Happy Trading :)04:14by ReigningTrades2
$TSLA close above its resistanceNASDAQ:TSLA is back with a close above it's $214 resistance on daily time frame, shouldn't take it long to get back over $223 & go for that gap fill to $235 area if holds here. support at $214, $213 & $208by TheStockTraderHub0
Tesla (TSLA) Technical Analysis for August 19, 2024:Chart Overview: Support Levels: 210.58: A significant support level, previously tested multiple times. 186.80: A more distant support, representing a major lower boundary. Resistance Levels: 219.76: Immediate resistance level, just above the current price. 234.60: A key resistance level if the price continues to rise. Trend Lines: The chart indicates an uptrend, with the price pushing towards the resistance levels. However, the price is near the resistance level at 219.76, suggesting a potential pullback if this level holds. Indicators: Volume: There's a notable spike in trading volume during the recent upward movement, which may indicate strong buying interest. Price Action: The price is following an upward channel, suggesting a bullish sentiment in the short term. Catalysts & News: FOMC Member Waller's Speech: Any hawkish or dovish comments could significantly influence TSLA’s direction. A hawkish stance (indicating potential rate hikes) could exert downward pressure on the stock, while a dovish stance (indicating rate pauses or cuts) might support further upward momentum. Psychological Levels: 220: A psychological level near the resistance. If breached, it could lead to a test of 234.60. 200: A round number that often acts as psychological support. Forecast Scenarios for August 19, 2024: Bullish Scenario: If FOMC Member Waller’s comments are dovish: TSLA could break through the 219.76 resistance level, leading to a test of 234.60. A sustained move above this level could signal continued bullish momentum. Bearish Scenario: If Waller’s comments are hawkish: TSLA might fail to break the 219.76 resistance, leading to a potential retracement towards the 210.58 support level. A break below this could see a further decline towards 186.80. Trading Strategy: Long Position: Consider entering if TSLA breaks above 219.76 with strong volume, targeting 234.60. Place a stop-loss just below 216. Short Position: Consider entering if TSLA fails to break above 219.76 and shows signs of reversal, targeting 210.58 and possibly 186.80. Place a stop-loss just above 220. This analysis provides a comprehensive overview based on the current technical setup. Keep in mind the potential impact of FOMC Member Waller's speech, as it could significantly influence market sentiment and TSLA's price action.Longby BullBearInsights6
TSLA: For One of My FollowersTSLA has been camping in this wedge which began September of 2022. It is currently in the dead center between resistance and support of this wedge, so I am looking for a direction towards either of the lines drawn for the opportunity for a breakout. I am currently long term bearish on the market, so I'm expecting a move to the downside support and a potential break below in the coming 30 to 60 days.by FiboTrader12220
Tesla’s 32% Plunge: A Critical Analysis and What’s Ahead (READ)By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price started a significant decline from the $270 level, just as we anticipated, dropping by over 32% down to $180. At the time of this analysis, no one expected such a steep decline in Tesla's stock, as most were predicting a rise above $300 or even $400. However, the price disregarded the majority’s opinion and followed its own course, resulting in this sharp drop. Currently, the price is around $216, and I expect an initial rise to $233. After that, we'll need to watch how the price reacts to this critical supply zone. This analysis will be updated accordingly. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban The Main Analysis : ((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !by ArmanShabanTrading1112
TESLA - Brewing for Breakout from TriangleTESLA has formed bullish divergence on MACD. Price action is contained with in symmetrical triangle pattern. Long positions may be considered if price breaks out of triangle.Longby marazzaq621
TESLA: Weak Market & Bearish Continuation Balance of buyers and sellers on the TESLA pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals114
TSLA INDEXSo here on TSLA what i specifically see on this trend its a reversal movement at the moment but the market structure its a bearish trend isit. i see FVG with an ODERBLOCK on top of it basically i'll take a good risk on this index. #SMC_TRADER #FOLLOW_FOR_MORE #THANK_YOUShortby SuburbankidFX2