TSLA's in a 3rd WaveWith the start of a third wave, watching for breakout flags offers an appropriate risk-reward opportunity, chance to addon to earlier bullish positions..
TSLA trade ideas
The TSLA Trade Setup You NEED To Know!Even if you did not know anything was going on this week... NASDAQ:TSLA had an amazing long setup on Monday. I posted about it then and wanted to make a followup educational video because it was so amazing! It was a setup I HAD TO TAKE because it was all my rules come together!
Traders need to know these individual components:
Earnings Pullback
Gap Levels
50% Retracement
Spike
And when some or all of them come together you take the trade
Inverse head and shoulders patterb on TeslaI noticed the previous chart I posted for tesla I accidentally had logarithmic mode turned on so. Wanted to show the more realistic linear chart breakout target here. *not financial advice*
$TSLA - support at $307 and $300TSLA - Stock pulling down on End of EV credit news. Stock has long term trendline support at $307.30 if breaks we can see $305 and $300. added puts in group. If stock fails $300 we can see $280. Stock is strong on indicators not looking for bigger pull back here.
TSLA path is clear for me nowI have had the red and the blue line on my chart for over a year now. Ever since the first move down in 2022, I was expecting another similar move down to the base of the rally.
Why?
Because this is what all stocks do after a hype phase. Tesla is not going anywhere, but after an impulsive move up, it will probably do a long correction back down.
The play: Long until 335 (1 : 1 of the 2023 move up), short down to approx. 28$ (1 : 1 of the 2022 move down). Looks impossible now, but let's check back in 1-2 years.
TESLA $TSLA | TESLA ROBOTAXI EVENT DISAPPOINTS!? - Oct 11 '24TESLA NASDAQ:TSLA | TESLA ROBOTAXI EVENT DISAPPOINTS!? - Oct 11 '24
BUY/LONG ZONE (GREEN): $232.00 - $263.50
DO NOT TRADE/DNT ZONE (WHITE): $208.50 - $232.00
SELL/SHORT ZONE (RED): $177.50 - $208.50
NASDAQ:TSLA Trends:
Weekly: Bullish
Daily: Bearish
4H: Bearish
NASDAQ:TSLA and Elon Musk disappoint with 10/10 Robotaxi event? I was personally a fan of the event, but this morning we saw price break bullish support and possibly start a bearish trend. I've expanded 181.00 zone up to 182.00 to capture the bottom of the previous bear trend that started from the Jul23 earnings report. My next look is for price to range between the 216.75 - 232.00 levels up to the next earnings release on Oct23. Levels were expanded from previous analysis and posts, linked below.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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#Tsla #TESLA cheet sheetHere are some of the important levels to keep an eye on.
Personally I'm still bearish in Tesla.
Will update on Tesla when we are closer to a clear H or L. For now just keep an eye on the current level at 184-185 ish for short term dir.
Tesla Gives Brakeout On daily chartNASDAQ:TSLA
Tesla Gives Brakeout On daily chart
Buy @above 280
Sl 180
Target 4+0
$TSLA: at the brink of a huge signal...I have been long NASDAQ:TSLA for a few weeks now, but the time to add to it is almost upon us.
A while back, the stock triggered a quarterly down trend and I was worried of a possible dramatic decline if that signal worked, but I'm glad to say it had no follow through and now the opposite is true: NASDAQ:TSLA is set to rally to new all time highs.
If price gets over $233.67 this month, we will have more confidence in this outcome, as the monthly trend will be confirmed then.
Target zone near $430 is our focus for the time being, but this could activate a quarterly up trend, which would suggest a 12 quarter run towards $873 would be possible
Best of luck!
Cheers,
Ivan Labrie.
Thoughts on my buy zone for TSLA? 1st zone is previous support from Q1 2022.
2nd is previous resistance from Q3 2022.
I would not be that bearish on TESLA The cowboys the shorties, the galloping hordes or alibaba's should not be sleeping so sound over the weekend.
Look at the Tesla chart - what do you see?
The Future is Bright - TESLAWatch the next few years unfold. It will be the next cycle of Tesla's S curve innovative breakthrough. A new Golden Age for Tesla.
PTs:
1. $650 - 2025
2. $1500 - 2026
3. $3000 - 2028
TSLA pullback to $275MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Previously stopped out at the 2.618 Fib extension, I'm back in, buying TSLQ, or buying puts at this 3.618 level.
Price at or above at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM spiked positive
Price at 3.618 Fibonacci level
In at $318
Target is $275 or channel bottom
Stop loss is $321
#TESLA Reach Local HighThe yellow arrows on the chart indicate strong upward price movements that reached local highs, marking significant bullish rallies. Each yellow arrow highlights a period where Tesla's stock price made a notable advance, reaching a local peak before eventually pulling back. These movements are quantified by the percentage gains annotated above each arrow, showing substantial upward momentum in each rally:
First Yellow Arrow (Left): This arrow shows a sharp upward movement, leading to a local high. The gain is marked at 436.74%, indicating a major price increase over a relatively short period, followed by a consolidation phase.
Second Yellow Arrow (Center): This arrow also highlights a strong price rally, where Tesla's price rose by 153.57% before hitting resistance, resulting in another local high.
Third Yellow Arrow (Right): The most recent arrow shows a gain of 119.06%, reaching a local high near the 312 level. This suggests a recent attempt to break above resistance and could indicate the start of another bullish trend if it sustains above this level.
These yellow arrows reflect Tesla’s potential to experience sharp bullish movements, often followed by pullbacks, making these areas key points for traders to consider entry or exit strategies based on momentum and resistance levels.
TESLA - AT THE END OF A CONE. The meaningfulness, all the Fear Uncertainty and Distrust (FUD) comes at the very end of a bear raid, and the Machine is full on spreading FUD. Meanwhile Elon in Germany, likely will get the license to produce 1 Million cars in Berlin, that means another $37 Billion in Revenue.
Then all the rest if going swell, Cars are being made as a super fast pace, The Power Pack has orders for the next 3 years. and that division acquired a Chinese factory and equipment recently from CatL and is likely finished building the new factory in Shanghai for Power Packs - so that will bring in another $40 additional Billions. And lastly the Cyber Truck production is ramping up, and that revenue has never been included in prior calculations.
So all in all and as I see this massive cone, it is easy to project a bounce back to the mean.
When we get there, the good news will be out, and then we get support for further liftoff.
So far Tesla remains the most crowded trade with shorts of all sizes playing cowboy with Tesla.
TESLA new all time high soon .......... (!)NASDAQ:TSLA
Tesla yesterday finally went over Neckline of INVERSE HEAD&SHOULDER which points to 500 (!)
Please note also that we will make in Weekly Candle a very strong BULLISH ENGULFING which brings us a lot of upside potential into year end (!)
Tesla Head and Shoulder patternThis reverse head and shoulder pattern will take NASDAQ:TSLA to a minimum of $485. This is leg 3 in the Elliot sequence. This leg might prove to become a lot longer.
Tesla at a Critical Level!Tesla is currently sitting at a crucial support level at $205. If the price closes below this level, we could see a retest of $180. A bounce could occur at either $205 or $180, both being strong support levels.
Target: Take profit around $296, as indicated by strong resistance at this level.
Key Levels: The red lines mark significant support and resistance levels.
Rare Scenario: If Tesla breaks below $180, a gap down to $148 might need to be filled, which could present an ultimate buying opportunity.
I’m not a financial advisor. Do your own research before making any trades. 📊🚀
Is Tesla reversal coming back? Tesla is looking at a potential completion of the double three corrective wave and also, the potential inverted head and shoulder is forming. Given the strong bullish bar, we think Tesla is likely heading for a bullish reversal.
Tesla (TSLA) Stock Surges Following Trump’s Election WinTesla (TSLA) Stock Surges Following Trump’s Election Win
According to the TSLA chart:
→ Tesla shares opened this week at $244.25.
→ By yesterday’s close, the stock had reached $296.52.
This reflects a gain of over 21% for the week, with the major boost occurring on 6 November, as news broke of Trump’s U.S. presidential victory—a candidate supported by Tesla’s CEO, Elon Musk.
As CNBC reports:
→ Musk reportedly invested at least $130 million into Trump’s campaign, lending his support as a significant effort in recent months.
→ The president-elect has pledged to roll back regulations that Musk opposes, leading Wall Street to bet on potential advantages for Tesla under the new administration.
Back on 24 October, after Tesla’s earnings report, we noted:
→ Since May, the price has been fluctuating within an upward channel (shown in blue), with the lower boundary acting as a strong support level.
→ The bullish momentum after the earnings release indicated a failed attempt by bears to break this lower boundary (shown with a red arrow).
→ Bulls might continue driving TSLA's price within this channel, aiming to breach the key resistance at $260.
Currently, technical analysis on TSLA shows an aggressive movement into the upper half of the channel. It’s possible that the channel’s upper boundary will become a target for the ongoing rally (marked by black lines). Here:
→ The $300 level per share might present psychological resistance in the coming days.
→ Support may come from the blue channel’s median line or the key $260 level, where the price rebounded twice in 2024.
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TSLA Poised for Breakout or Reversal? Key Levels to Watch TomorrTechnical Analysis for TSLA (November 8, 2024)
Tesla has shown strong bullish momentum recently, currently trading near a key resistance level on the 1-hour chart. With the overall market rallying, Tesla may be gearing up for a breakout, but caution is advised due to potential consolidation signs. Let's break down the critical levels and indicators that may help shape tomorrow’s trading plan.
Key Observations:
Trend and Momentum:
TSLA has been on a steady uptrend, with price comfortably above short-term EMAs, indicating bullish sentiment. Both the 15 EMA and 50 EMA are angled upward, reinforcing the positive trend.
Price action shows consolidation just below a critical resistance level, which could signal either a pause before a breakout or a potential reversal if resistance holds.
Important Levels to Watch:
Resistance: The immediate resistance is around $298.90 (current ask level). A breakout above this level, especially with strong volume, could push TSLA toward $300+ and potentially test $323.83, the high of this recent trend channel.
Support: Key support levels to watch are around $290.01 and $273.51. If TSLA fails to break above $298.90 and pulls back, these levels may act as entry points for bulls, especially if buyers step in around $290.
MACD and Volume Analysis:
The MACD is showing signs of slowing momentum, which could hint at possible consolidation or a minor pullback. A bearish crossover on the MACD could signal caution, so keeping an eye on this indicator is essential.
Volume has been relatively high during the recent uptrend, indicating solid participation. However, declining volume near resistance could be a signal of potential exhaustion.
Price Action Strategy:
Bullish Scenario: If TSLA breaks above $298.90 with high volume, it could suggest a continuation toward $310 and $323 levels. Look for a pullback to $290 or the breakout level for safer re-entry if the breakout is confirmed.
Bearish Scenario: A failure to break above $298.90, coupled with a MACD bearish crossover, could indicate a pullback. Support around $290.01 could be a strong area to watch for a potential reversal if sentiment remains bullish.
Suggested Approach:
For Bulls: Look for a high-volume breakout above $298.90, or wait for a pullback to $290 to consider a long position with tighter risk management.
For Bears: Watch for a rejection at $298.90 or a breakdown below $290, which may signal a short-term pullback, allowing entry at lower support levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research or consult a financial advisor before making investment decisions.
