Tesla weekly chart is overboughtNASDAQ:TSLA is overbought on the weekly timeframe. Not a bad place to take some off the table and wait for the next green dotLongby overkilltrading4411
Occam's razor = Upcoming Earnings + RSI + Moving AveragesLets make this hypothesis on where NASDAQ:TSLA is going very very simple. Upcoming Earnings. Go back to the week PRIOR to the last 3 earnings announcements. I did the work for you. Notice leading up to earnings announcement, the price of NASDAQ:TSLA went DOWN. Why you may ask...no one knows for sure but my theory is that investors are fearful of a bad announcement and thus they would rather be on the sidelines. So they sell before earnings. Simple. RSI. As you can see on the chart, relative strength had been pegged at 100% as NASDAQ:TSLA put on a very impressive rise from $170s to $271 in a very short few weeks. While there is plenty of money on the sidelines, NOBODY wants to buy at the TOP. The pull back started on Thursday with the Bloomberg article on the delay of Robotaxi announcement. After such a meteoric rise you would expect profit taking for several reasons including we just started a new quarter and fund managers can book profits now and enjoy their summer vacations in the Hamptons. Moving Averages. We are way beyond the 50 and 200 moving averages. Both are sub $200. As of this writing, NASDAQ:TSLA sits at $248. Below current price there are gaps at 230 and 210. The world is complex and maybe this simple analysis is full of bullsh!t. That said, time will tell but my money is on a drop back down to the 200-220 level where I intend to take profits and enjoy my summer somewhere other than the Hamptons....Good luck all. Shortby MP888Updated 14
TSLA: Focus on Earnings July 23Take a look at the last 10 earnings announcements for TSLA. Highlighted in yellow. Couple of takeaways: +++ 9 out of 10 times during the 8 or 13 days prior to earnings the stock traded in the lower half of the Bollinger bands. The exception was the July 2023 earnings announcement. +++ That same July 2023 earnings event saw a meteoric rise in share price prior to earnings followed by a HUGE GAP Down on Earnings. Pump and dump would be a good way to describe the price action here. This year is repeating the same pattern. However expect that as significant amount of the $300 BILLION in paper profits that were made on the rise from $170 to $270 will be taken off the table due to political uncertainty, indices at all time highs and delays to robotaxi event. So much uncertainty PRIOR to earnings is normal and expected. Thus expect that TSLA will heavily fade into earnings next week. Shortby MP888113
Tesla stock analysis on a silver platterAnalyzing Tesla stock on a silver platter only requires patience, patience, then patienceby hishamghalib07Updated 228
TESLA PULLBACK Then Moon Mission!After a rejection from the weekly and daily levels, a pull back to $235 (Daily Level) or $202 (Demand Zone) is likely before higher prices. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.by Navitility1
How I position myself for the next few monthsHey folks! I really don`t know much about Tesla , but this is how I see this! I have already taken some small sell positions and waiting for 260-265 to add some more If I look other EV companies then they show that they need for double bottom to take a U-turn to upside.. Usually when Tesla falls/pullback - everything else follows and vice versa.. It`s only my point of view and how I feel about Tesla .. Let`s see how this plays out! CheersLongby devigriffelUpdated 558
TSLA looks weak Today 7/15Current Price Levels: Current Price: Around $258.18 (ask price) Bid Price: $258.10 High: $271.00 Low: $231.90 Support and Resistance Levels: Resistance: $258.14 (current consolidation area) $271.00 (recent high) Support: $249.89 (POC and strong support level) $241.10 (another support level) $231.90 (recent low) Volume Profile: POC (Point of Control): $249.89 Significant trading activity around $258.00 and $249.89. Trend Lines and EMAs: Moving Average (Purple Line): Acts as a long-term trend indicator and dynamic support/resistance. Moving Average (Green Line): Represents short-term momentum and can be used to identify potential entry/exit points. The price is currently below the purple line, indicating a bearish longer-term trend. However, the recent bounce suggests a potential reversal. Indicators: Volume: Increased volume during the downward movement indicates strong selling pressure. Moving Averages: The yellow line has crossed above the price, suggesting short-term bullish momentum. Price Action Analysis: Bearish to Potential Reversal: The stock has been in a downward trend but shows signs of potential reversal with the price bouncing off lower support levels and the moving average line crossing above the price. Price Consolidation: The price is currently consolidating around $258.00, indicating potential accumulation before the next move. Suggested Trading Strategies: Scalping: Entry: Consider entering around $258.14 (current consolidation area) or on a pullback to $249.89 (POC and support level). Exit: Target $260.00 (near-term resistance) or $265.00 if momentum continues. Stop Loss: Place a stop loss below $249.89 to manage risk. Intraday Trading: Entry: Enter around $258.14 (current consolidation area) or on a pullback to $249.89 (POC and support level). Exit: Target $265.00 (resistance level) or $271.00 if bullish momentum continues. Stop Loss: Place a stop loss below $249.89. Swing Trading: Entry: Consider entering around $249.89 (POC and support level) or on a pullback to $241.10. Exit: Target $265.00, $271.00, and potentially $280.00 if the bullish reversal is confirmed. Stop Loss: Place a stop loss below $241.10 to manage risk. Summary: Support Levels: $249.89, $241.10, and $231.90 Resistance Levels: $258.14, $265.00, and $271.00 Scalping Entry/Exit: Enter around $258.14, exit around $260.00 or $265.00 Intraday Entry/Exit: Enter around $258.14 or $249.89, exit around $265.00 or $271.00 Swing Trading Entry/Exit: Enter around $249.89 or $241.10, exit around $265.00, $271.00, or higher Use these levels as guides, and always consider current market conditions and news events before making trading decisions.by BullBear-InsightsUpdated 114
Can we see Sellers coming in on TeslaI'm expecting to see bearish trend starting here. I'm not sure yet of the fundamentals. The break in structure signals a shift in direction.Shortby Angelos_Trader5
$TSLA Tesla. Neckline break on a head and shouldersNeckline break on a head and shoulders at $190 Target for this break $246Longby KoosKanmarUpdated 3
TSLA near term predictionTSLA near term prediction. This analysis is for informational purposes only.Longby quietbull113
Tesla UpdateIf y'all remember I have been saying for a while now that Tesla was still in a long-term bullish structure. Many people have went back and forth with me with many claiming it will be the next cisco. However, I have held steadfast in my analysis. I would hope that the price action since April would finally open people's eyes to this. Although I thought price would hit the lower end, I called the $130's as a bottom for Tesla at the end of last year / beginning of this year. They have many things going for them that will dramatically increase the value of their company. Tesla is much more than just a car company that sells EV's. That being said, let's take a look at the more immediate pattern facing us. Currently I have us as either still in wave iv or already starting wave v of 3. Should we be in wave v then we're targeting the area of the 1.618 @ $299.56 next to finish the minor wave 3. If wave iv isn't done yet, then we should drop back down to the $230.06 area at the 0.382 retracement fib. For those haters that read this post (if they actually read it), this doesn't mean we make a b line for these targets. Price moves in cyclical patterns, and this is just a road map with the two possible destinations and not a detailed route of how we get there. This upcoming week we should get our answer on if wave iv is in fact done yet or not.by TSuth7785
TSLA LongTSLA is showing signs of a potential reversal after a sharp decline. The price has bounced off the uptrend line and the 232.3 support level, forming a higher low. The 50-bar trend is downtrend, but longer-term trends (150 and 200 bars) remain bullish. The recent green candle with increased volume suggests buying pressure. The entry is placed above the current consolidation, with the stop below the recent low and uptrend line. The profit target is set near the previous resistance around 270. The setup has a positive risk-reward ratio but carries moderate risk due to recent volatility. { "direction": "Long", "symbol": "TSLA", "interval": "1h", "entry": 249.5, "stop": 232, "profit": 270, "risk": 1750, "reward": 2050, "quantity": 100, "score": 6 }Longby ivvix113
Tesla, Inc _ Distribution _ Prices_ July , Week 3_ Under _ TradTesla, Inc _ Distribution _ Prices_ July , Week 3_ Under _ Trading _ Venue _ NASDAQ. Market currently at the Stage 2 = Advance Stage. Make sure you're within 1D Timeframe. 1st Distribution: $275.70 $274.73 $275.31 Follow by $276.83 __________________ Retest: $263.71 to $260.89 ___________________ 2nd Distribution: $282.54, $282.81 $290.45 $292.03 _________________________________ Expect mid drop during Week 4,July to the level of $213. Shortby Skill-Knowledge-Conduct10
TSLA Ready to Rise Tesla broke the 2 year downtrend and got support on this trend. It has a chance to double its price in 2-3 years. 240-260 is a very ideal range to enter. Tesla's recent safety reports and the potential for a possible government deal after the elections (especially after recent events) paint a bright picture, at least in the medium term. Longby Not_the_richest_man_in_Babylon3
TSL4 optimus is re4dy ?Hello.The rel4x4tion of r4tes 4t the end of the ye4r should 4lloW 4 historic r4lly in techno.by Le-tradeur-de-fortune-and-co0
TSLAThis Weekly FORECAST Opportunity for TSLA. This setup trading idea is for intraday. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Longby TREND-TITAN5
TSLA Breakout - Real or Fake?TSLA has been on a huge run since bottoming out before earnings earlier in the year, the bottom just so happened to be right on the major uptrend line from 2020. It has rocketed all the way back up to the top end of the major downtrend from ATH in 2021. Not only that, it has broken above and had a weekly close above. This is a 2.5 year downtrend, if the breakout is real it should lead to significant upside, maybe all the way back to ATH. I believe this move is largely due to a massive short squeeze. When short squeezes end, there is often a sudden drop because there are no more shorts being forced to cover. We a big drop last week that was largely attributed to an article about a robo taxi delay. I think that's just a bunch of noise, it was always going to have a hard correction after a move like that. The headline is just used to help facilitate the move down. The real question is, does it keep going now or is it a fakeout. TSLA bounced right on a retest of that major downtrend line, but we'll have to see if it can sustain value up here. If it is a fakeout, that could lead to a quick move back to the lower trendline. Otherwise, it should be a big move up that lasts for months or longer. First upside target from here is the January 2021 ATH around $300, then ATH.by AdvancedPlays113
$TSLA not done going higher. $320-$330 by July 24. GET LONGSo we already know that Tesla deliveries came in 9000 more than what was expected, 438,000 expected verse 447,000 that Elon Musk posted on Twitter a couple weeks ago. Last quarter earnings per share of $.47 was slightly missed, and on July 23 they’re expected $.60 per share earnings. So IMO, That could indicate that even a slight earnings beat on revenue and earnings, would propel the stock to complete wave three at 2.618 Fibonacci level. never mind, the whole Robo-taxi delay, which caused an 8% decline on Thursday along with the rest of the Big tech Nasdaq. I don’t think robotaxi is realistically a factor in their valuation just yet. Longby jgeno3315
TESLAWeekly graph in log. Linear regression line from the start of the quotation. We are below one standard deviation from the median. So for me possible purchasing area. Make up your mind before placing an order. ► Please boost, comment, subscribe!Longby DL_INVEST2
TESLA Massive pump to $360 coming based on historical behaviour.Tesla (TSLA) is recovering today after a sharp pull-back yesterday of around -14%. This marks the stock's first serious correction since the rally started in late June. Ahead of an emerging Golden Cross on the 1D time-frame, we looked at Tesla's similar historical patterns since the IPO that offer remarkable insight. First and foremost, Tesla's recent pattern has been an Inverse Head and Shoulders (IH&S), which as we've noted on a previous analysis, was its bottom reversal formation that made the price break above the 3-year Lower Highs Resistance trend-line. Similar IH&S patterns were formed in 2019/20, 2016/17 and 2012/13. So we can claim that there might be a roughly 4-year Cyclical Behavioural Pattern behind Tesla's growth. The word 'growth' is key here as after every such pattern and more importantly a correction of around -15% after breaking above the IH&S, the stock price rallied parabolically into new expansion levels. As you can see on the 2019/20 pattern the correction was around -10%, on the 2016/17 around -15% and on the 2012/13 around -15% as well. Yesterday's -14% correction along with today's sharp recovery to the 0.5 Fib (losses cut by 50%), seems to fulfil this growth pattern. As far as a Target is concerned, on all previous cases, the price reached (and even surpasses significantly) at least the 1.5 Fibonacci extension measuring from the pattern's bottom (Head of the IH&S). In 2019/20 it took the price around 1.5 month to approach the 1.5 Fib while in 2012/13 it took roughly 2 months. As a result, our new medium-term Target on Tesla is $360.00 (marginally below the 1.5 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot42
If you missed the short entryStill looking for lower here are some entry positions. lets see what happens Shortby danielpikho722
Whether TSLA might be bullish tomorrow?whether TSLA might be bullish tomorrow, let's consider several key factors: Current Price Action: The price is currently around 236.60, which is slightly above the Value Area Low (VAL) of 235. This can indicate a potential support level, where buyers might step in. Volume Profile: The significant volume traded around the POC (246) suggests a strong area of interest. The current price being below this level can indicate that there is potential for a bullish move if the price can reclaim this area. Trend Analysis: The recent trend has been bearish with a significant drop in price. However, after a significant drop, it's not uncommon to see a corrective bullish move or a bounce as traders look to buy at perceived lower prices. Indicators: MACD: While the MACD has been bearish, there are signs of potential reversal as the histogram starts to turn positive. This could indicate a slowing down of bearish momentum and potential for a bullish reversal. Volume: Increased volume on the down move indicates strong selling pressure, but if volume starts to decrease on further declines or increases on upward moves, it could signal a shift towards bullish momentum. Market Sentiment and News: External factors such as market sentiment, news about Tesla, or broader market conditions can significantly impact the stock's direction. Bullish Indicators to Watch For: Support Holding at VAL (235): If the price holds above 235 and shows signs of bullish reversal (e.g., bullish candlestick patterns, increasing volume), it could indicate that buyers are stepping in at this support level. Break Above POC (246): If the price manages to break above 246 and sustain, it could indicate a stronger bullish momentum, targeting the VAH (260) and higher. Reversal Patterns: Look for reversal patterns such as a double bottom, hammer candlestick, or bullish engulfing pattern near support levels. Plan for Bullish Scenario: Entry: Consider entering a long position if the price holds above 235 and shows signs of a bullish reversal or if it breaks above 246. Targets: Initial target at 246 (POC), then 260 (VAH), and potentially higher if bullish momentum continues. Stop Loss: Place a stop loss below recent lows (e.g., below 228) to manage risk. Conclusion: While there are potential indicators of a bullish move, the overall recent trend has been bearish. To confirm a bullish scenario, look for signs of support holding, reversal patterns, and increased volume on upward moves. If these conditions are met, it increases the likelihood of a bullish move. Monitoring the price action and volume closely tomorrow will provide more clarity. If you see these bullish indicators, it could be a good opportunity for a long position. However, always be prepared for both scenarios and manage your risk accordingly.Longby BullBear-InsightsUpdated 4
TSLA: AnalysisOn TSLA yesterday around 3:30 p.m. we had the vwap indicator break with force by a large red candle accompanied by a large red volume and the market went downward. Furthermore, regarding our analysis today, we can say that if however the vwap indicator as well as the resistance line are broken forcefully by a large green candle accompanied by a large green volume we can consider to have an upward trend. On the other hand, if it is the support line that is broken forcefully by a large red candle and followed by a large red volume, there could be a reversal of the trend. Let's be vigilant...by PAZINI19669