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TESLA INCTESLA INCTESLA INC

TESLA INC

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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. 📊🚀
NASDAQ:TSLA
by MarketPax
1
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.
NASDAQ:TSLA
by BullBear-Insights
Will the Year of Tesla Begin?Tesla has been trading in a symmetrical triangle structure for the past 3.5-4 years. Finally it has broken over the resistance line (in orange). Can Robotaxi + FSD be a strong catalyst for this movement? I think so. Barring any disaster with the Nov elections or any global crisis, I think Tesla will make quite the significant move. I've been seeing a lot of heavy short term and long term bullish Tesla flow. PT: 425 by Dec 2025. Notable Options: 425C 6/25 (Keeping an eye on this) approx 65% upside.
NASDAQ:TSLALong
by AfuOptions
TSLA Intraday Trading – Key Levels for Nov. 6, 20241. Price Action and Trend Overview TSLA has recently shown a breakout from a descending trendline, supported by increasing volume, indicating a potential trend reversal. The current price around $258 is approaching a minor resistance zone near $260, which aligns with previous highs and a supply zone. The recent bullish momentum above the EMA lines on the 1-hour chart strengthens the case for a continued upward move, provided it sustains above key support levels. 2. Support and Resistance Levels Immediate Support: $253, where the price found a base recently and consolidated before moving higher. Primary Resistance: $260.98. If this level is breached, the next target may be $273.5. Additional Resistance: Above $273.5, a further push could reach $280, though this level may act as a strong resistance given recent rejection points. 3. MACD and Volume Analysis The MACD on the 1-hour chart is in bullish territory, with a recent crossover suggesting upward momentum. Volume during the breakout is higher than average, confirming buying interest at current levels. Watch for sustained volume to confirm any move above $260. 4. Entry and Exit Points for Scalping/Intraday Bullish Entry: Consider a long position if TSLA breaks above $261 with volume confirmation, aiming for $265-$273 as potential profit targets. Bearish Entry: If TSLA fails to break $260 and shows signs of rejection, consider a short entry with a target back to the $253 support level. Stop Loss: For long trades, place a stop slightly below $253 to manage risk in case of a reversal. For short trades, consider a stop above $262 to protect against a breakout. 5. Suggested Directional Bias Bullish Bias: Given the current breakout and positive momentum indicators, the bias leans bullish, especially if TSLA maintains above $253. A sustained move above $260 could confirm further bullish momentum. Bearish Scenario: If rejection occurs at $260, the bearish target would likely be back towards $253 or lower, depending on market sentiment. Summary TSLA is showing bullish signs with the potential for continuation above $260. Watch for volume confirmation and key support/resistance levels to guide intraday entries and exits. Disclaimer This analysis is for educational purposes only and should not be construed as financial advice. Please conduct your own research and consider consulting with a financial advisor before making any trading decisions.
NASDAQ:TSLA
by BullBear-Insights
TSLA's Path Ahead: Bounce or Breakdown Nov. 6, 2024 Current Trend & Price Action From the hourly chart, TSLA appears to be in a descending channel pattern, indicating a bearish trend. The stock has been facing consistent downward pressure, with lower highs and lower lows defining its structure over recent sessions. This pattern could signal a continuation of the downtrend if TSLA remains below key resistance levels. Support & Resistance Levels Immediate Resistance: Around $246 (top of the descending channel). Key Resistance Zone: $266 - $273. A break above this area would indicate a bullish reversal. Immediate Support: Near $239, which aligns with a recent horizontal level and the lower boundary of the channel. Critical Support Zone: $230 - $235. Breaking below this could open the door for further downside. Indicators Moving Averages (15 EMA and 161 EMA): The purple and yellow EMAs show a downward trend, with TSLA trading below both, signaling a bearish sentiment. MACD: It’s currently displaying a potential bullish crossover. If momentum follows through, this might offer a short-term bounce, especially if TSLA tests the lower channel boundary around $239. Trading Strategy & Entry/Exit Points Bounce Play: Look for a reversal signal at the $239 level. If buying pressure increases around this zone, a potential entry near $239-$240 could be viable, with a target at the upper channel boundary near $246 or $250. Breakdown Play: If TSLA breaks below $239 with strong volume, it may indicate further downside. In this case, short positions could be considered with a target around $235 or lower, watching for support around $230. Disclaimer: This analysis is for educational purposes only and is not financial advice. Please conduct your own research and trade responsibly.
NASDAQ:TSLA
by BullBear-Insights
TSLA on Edge: Key Levels to Watch for November 4, 2024Technical Analysis: Current Trend: TSLA has been in a steady downtrend within a descending channel on the 1-hour chart, forming lower highs and lower lows. Price action suggests bearish momentum, but a short-term pullback might be on the horizon. Resistance Levels: $255.57: Significant short-term resistance; a break above could signal potential bullish momentum. $249.89 - $250.50: Key intraday resistance zone around the ask price. If TSLA breaks above this, expect retests toward $255. Support Levels: $245.05: Immediate support level; if this breaks, the next support is around $235.36, aligning with the channel’s lower boundary. Indicators: EMA (Exponential Moving Averages): Price is below both EMAs, confirming the bearish trend. A crossover above these would be the first sign of a potential reversal. MACD: Currently showing bearish momentum, but any crossover may hint at a short-term reversal. Potential Entry Points: Short Position: If TSLA fails to break the $249 resistance zone, consider entering a short position with targets at $245 and $235. Long Position: If TSLA breaks and holds above $250.50, a long position may be viable, aiming for $255. Summary: TSLA is under bearish pressure, and trading within a clear descending channel suggests cautious optimism for a pullback or shorting opportunities if the downward trend continues. Disclaimer: This analysis is for informational purposes only. Always conduct your own research before trading.
NASDAQ:TSLA
by BullBear-Insights
TSLA Technical AnalysisKey Levels Support Levels: $248.72: Near-term support level where buyers may step in if price approaches this level. $232.00: Stronger support level if the stock continues its downtrend. Resistance Levels: $255.69: Immediate resistance where the stock is currently testing. A break above could suggest a bullish move. $263.34: Next key resistance; breaking above this level could trigger further upside. Price Action and Trends TSLA is in a short-term downtrend, with a series of lower highs and lower lows. It is currently attempting a minor recovery, but it has not yet confirmed a reversal. The downtrend line above the price could serve as additional resistance. Entry/Exit Points Entry: If TSLA can break and hold above $255.69 with strong volume, it could offer a potential long entry targeting $263.34 or higher. If it revisits the $248.72 support and shows buying interest, it could provide an entry point as well. Exit: Consider taking profits at $263.34 and possibly scaling out if momentum continues. If TSLA breaks below $248.72, it may invalidate a bullish setup, signaling an exit. Additional Thoughts MACD Crossover: The MACD is indicating a potential crossover, suggesting possible bullish momentum. However, confirmation from volume is necessary to validate a breakout. Volume Trend: Recent volumes have been mixed, and a sustained move will likely require a pickup in buying volume to overcome resistance. Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading carries risks, and you should perform your own analysis or consult a financial advisor before making any trades.
NASDAQ:TSLA
by BullBear-Insights
Tesla Going Back To 100? Support Levels & BD-Signals— For Tesla, Inc. (TSLA), we have a long-term downtrend, since November 2021. — Short-term we have a double-top. July & October 2024. — And a major long-term lower high between October 2024 and July 2023. The stock is already in a bear-market, technically speaking, lower highs and lower lows. — A low was hit in April 2024 and this led to present day chart structure, the double-top. — The double-top is a lower high compared to July 2023 as mentioned above and this opens the possibility for a lower low compared to April's low; are you following? 👉 This means that TSLA will test next ~100 for the first time since January 2023, almost two years ago. Support levels: 1) There will be a small stop around 215. 2) 180-190 is a strong support level. Partial profits would be smart here. 3) Next is April's low, both 2023 and 2024, a price range between 140-165. 4) Lower low and long-term double-bottom around 100-110. Thank you for reading. Namaste.
NASDAQ:TSLAShort
by AlanSantana
1
TSLA.NASDAQ ---Longterm view For everyone that missed the opportunity to jump in the TSLA ship after the breakout at 223-224 , looks like the retracement might give another chance. If TSLA drops to the range of 234.75- 229.11 then a BUY would be very tempting. With the elections less than a week away and weekend in between and due to the fact the Elon Musk has chosen sides, this trade might be too risky for some appetites, so if the opportunity comes a more conservative position size is advisable.
NASDAQ:TSLALong
by divergenceX2
2
TESLA looking spicy! also thank you for 11,000 followers ❤️‍🔥boost and follow for more 🤝tesla bulls holding the line at support zone, and QQQ looks ready for another bull run soon. I think we will head higher to 201-240-246 from here. old trend support may turn into new resistance in the next rally.. so watchout for that. 👀 thank you to everyone that's been following me for years or if you are just following starting this week. I appreciate y'all ! road to 12,000 now :) see you soon.❤️‍🔥
NASDAQ:TSLALong
by Vibranium_Capital
37