TESLA LONG Diamond demandTesla Weekly Diamond Demand 200 level
Tesla Weekly Demand Cap 125 level
Tesla Target 1: 300
Tesla Target 1: 353
4TSLA trade ideas
Tesla Four Hour surprising correction but how far will it go up?So Based on previous analysis the thesis is we would drop down however this did not occur.
With the new thesis we are seeing possible 5 scenarios take shape plus one which is Tesla takes off like a rocket and makes higher highs: however unless confirmed on the Weekly I dont see that being likely as of yet.
Currently the 235-238 area is what I am more leaning towards: however that being said the market can drop at one of those five levels shown in the image. So please be beware of it.
Any thoughts or questions? What do you like and dont like? Always open to feedback
MB Trader
Tesla Daily: Correcting up but how high will it go? So based on our previous analysis Tesla didn't break down which then allowed us to change our thesis that we are still correcting.
Based on what we see 235-238 range is what I see however it breaks that we can go to 252 which is not out of the question either
Currently I have given 4 analysis on the chart on where we see this market moving to.
Using technical analysis with fibs the probability for me hitting 235 and going down is high however we dont control the market our job is to follow it.
What are your thoughts on this analysis ? Like it ? Hate it? What more lower time frames or something else let me know
MB Trader
Tesla Weekly Correction up then down? Based on the analysis I see the trend for Tesla correcting to one of 3 levels then going back down with my original thesis.
However if the market breaks above the weekly high this would disprove my original thesis and then the trend of this market has changed from Bearish to Bullish.
What are your thoughts? Comments leave them below
MB Trader
Looked good but...No positions here. Apparently Tesla is forming a bearish flag. I think is going back to the 170 support or even 150. I'm not buying the dip, I'm selling the rallies. We are in a bearish market or a consolidation phase. I have all my longs covered with calls. As soon I get a chance, I'll sell them.
TSLA daily chart shows clean channels for trading this week.NASDAQ:TSLA has clean channels on the daily chart, both to the upside and downside, for trading this week. TSLA closed just below the daily 10 SMA, which is the next key supply it must reclaim before going higher and potentially testing the daily 325 SMA and daily 50 SMA just above that. If it can reclaim the daily 50 SMA, along with NASDAQ:QQQ building a strong base above its own daily 50 SMA, then TSLA will be in a strong position to push higher to the daily upper Bollinger Band, while continuing higher on the C to D leg of the Gartley harmonic discussed previously.
Alternatively, if QQQ continues to reject the daily 10 SMA and loses the daily 50 SMA demand, TSLA may lose its daily 200 SMA. This would invalidate the Gartley harmonic and TSLA would trade down to the next daily demand, which is the rising daily 100 SMA. I continue to be positioned long into next week, because I believe the upside potential is stronger on this name; however, it is important to always be prepared for both bullish and bearish scenarios in order to execute with confidence during the trading day.
Tesla long term analysisNASDAQ:TSLA
Ok for
@Luca_Amenta
Also i am posting another one on this in the ideas so people can see it easier
This is a swing analysis for tesla
This is made using the 1Hour candle timeframe
Breakdown on interest areas
1 Resistance 240-236
2 Resistance 228 - 255
3 Support trend
4 Support 194.5 - 189
5 Key area 206.5 - 202.5
1 Resistance 240-236
Analysis
Very High probability outcome of a reactions to this area after a break up from resistance 2 if it has not broken the support trend line
2 Resistance 228 - 255
Weak chance of it having a reactionary effort
most probable reaction is 1 with price will likely hit it then moves down to the support trend before moving back up and break it to then move to resistance area 1
3 Support trend
Unlikely to be broken before resistance number 1 is hit but if it does then we can see an new support be formed at the Key area 1 for an reactions there depending on how it forms.
4 Support 194.5 - 189
After resistance number 1 is hit the most probable outcomes will be that it will likely head down to this price to form a reaction here after breaking both the key area and supporting trend
Only really a matter of time that hit area gets hit but what matters is how it gets hit
If this area somehow gets hit form before resistance 1 then price will have a bull run back up to resistance 1
5 Key area 206.5 - 202.5
This is an important level for the price movement as it acts as a sort of hub for how price will moving in and out of this area to then form some sort of formations that will either validate a support into a Temporary move up support or resistance after it gets broken downside for this being mainly there to predict some of the smaller movement that might give up some advance heads up warning to what might come
Summary;
I am personally think a move to resistance number 2 then followed by support trend which then will be followed by a breakout upside to resistance number 1
That's just a simple summary for me
I do expect 238 first before a drop happens rapidly to somewhere such as Key area 1
That's just my idea
The summary is m idea and personal bias with the information's i have on hand
The rest of the information above are relatively free of bias when analyzing each of the areas so i guess those are to be kept as just some things to pay attention to
TSLA - Exciting Price Action!! Don't miss the breakout again!This is exactly what we've been looking for! Teal Tapered selling is proving control once again - the progression in the past few weeks being Strong selling Red --> More tapered purple --> Tapered and bullish teal!
Now we await the disproval of our green taper by rejecting off of it and activated yellow strong buying to break out of it!
Happy Trading :)
TSLA Short . US Stock208 below weak
205/202/197/190 target
channel breakdown possible
195 can be a support
Tesla Set to Launch Six-Seat Model Y in China by 2025Tesla Inc. is gearing up to introduce a six-seat version of its Model Y vehicle in China starting in 2025, aiming to refresh the appeal of its top-selling but maturing electric car model. The company has initiated preparations with suppliers to ramp up Model Y production significantly at its Shanghai facility. While details on the expansion of the production plant remain concealed, pending approval for a 70-hectare expansion on former farmland, Tesla continues to show robust performance with a 6% year-on-year increase in Model 3 deliveries in the first half of the year.
This move to expand and innovate within the Chinese market is part of Tesla's broader strategy to maintain its competitive edge and adapt to evolving consumer preferences and technological advancements in the electric vehicle sector.
Technical analysis of Tesla Inc. (NASDAQ: TSLA)
Examining Tesla's stock to offer insights into potential trading strategies:
Timeframe : Daily (D1)
Current Trend : the stock exhibits an upward trend, recently regaining momentum above the key support level
Short-term Target : if the uptrend persists, the immediate target is at 266.00 USD, contingent upon breaking through the resistance at 235.50 USD
Medium-term Target : a successful breach of the current resistance could propel the stock towards 300.00 USD
Key Support : the crucial support level to watch is at 181.45 USD
Reversal Scenario : if the stock breaks below this support, it could signal a potential downtrend, with a downside target of 140.00 USD
Market outlook
As Tesla prepares to produce the new Model Y variant in China, its stock could see increased investor interest, particularly if it continues demonstrating innovation and market expansion capability. The technical setup is currently bullish, suggesting that, if Tesla can maintain its trajectory and break
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TSLA - $215 level needs to break and hold.TSLA - another break out and failed move after closing below the trendline at $215. looking for put if $210 fails and call if $215 breaks. Stock is consolidating around the trendline. Indicators still at decent level. above $215 we should see $220 and $230
Elliott Wave Analysis on Tesla (TSLA) Looking for Double CorrectShort Term Elliott Wave in Tesla (TSLA) suggests that rally from 4.22.2024 low is in progress as a 5 waves leading diagonal. The internal subdivision of this diagonal is in 3-3-3-3-3. Up from 4.22.2024 low, wave (1) ended at 271 and pullback in wave (2) ended at 181.22. The stock has turned higher in wave (3) with internal subdivision as a 3 waves zigzag structure. Up from wave (2), wave ((i)) ended at 207.65 and dips in wave ((ii)) ended at 188.50. The stock resumed higher in wave ((iii)) towards 219.80 and pullback in wave ((iv)) ended at 212.21. Final leg wave ((v)) ended at 228.22 which completed wave A in higher degree.
Pullback in wave B is in progress to correct cycle from 8.5.2024 low with internal subdivision as a double three. Down from wave A, wave (w) ended at 210.2 and wave (x) ended at 221.48. Wave (y) lower ended at 202.13 which completed wave ((w)) in higher degree. Wave ((x)) rally ended at 219.90. Expect the stock to resume lower in wave ((y)) towards 181 – 194 area to complete wave B pullback before the stock turns higher. Near term, as far as pivot at 181.22 low is intact, expect pullback to find support in 3, 7, 11 swing for further upside.
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Commodities under pressure / Nat gas strong
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Long Bonds sniffing out recession
TSLA HTF & LTF Trade PrepMulti-time frame analysis is key in this style of trading - and it takes time to get used to. The best thing we could do to set ourselves up for success is to PREPARE our charts and our trades to where we're only executing once we see our analysis come to fruition. We want to be ahead of the charts but only once we've gotten proper confirmation - and that's what our algorithms tell us.
Happy Trading :)
Covered call on TSLA I bought shares off of the 200 sma on the daily and the 100 sma on the weekly. I really wouldn't be mad / sad or upset if I sold those shares at $242.40
:-)
#TSLA: Technical Analysis
Trend : Range /sideways
Pattern : Symmetrical Triangle
Price may break the down trend line. if price breaks the down trend line , a bullish may be seen here. But it may not be a strong bullish. So price may stay in a range. This range can be (203-229)
229 - may act as a strong resistance.
203 - may act as a support
(information :NOT ADVICE.)
Tesla’s China-Made EV Sales Rise Amid Strong CompetitionTesla Inc. ( NASDAQ:TSLA ) continues to make significant strides in China, the world’s largest electric vehicle (EV) market. According to the latest data from the China Passenger Car Association (CPCA), sales of Tesla’s China-made EVs rose 3% year-over-year in August. Deliveries of the Model 3 and Model Y surged by 17% from July, driven by Tesla’s aggressive strategies to attract local buyers. As the company expands its influence, a closer look at both the fundamental and technical aspects of Tesla’s stock reveals an intriguing narrative for investors.
Rising Sales Amid Fierce Competition
Tesla’s growth in China is particularly impressive given the fierce competition it faces from domestic EV makers like BYD, Leapmotor, and Li Auto. BYD, Tesla’s biggest rival in China, reported a staggering 35.3% year-over-year increase in sales, reaching a record high of 370,854 units in August. Despite this, Tesla’s consistent performance indicates that it is holding its own, thanks to several strategic moves:
1. Extended Incentives and Financing Options: Tesla has been offering zero-interest loans of up to five years since April, catering to cautious buyers amid a sluggish economy. This strategy has proven effective, especially in smaller cities, where Tesla saw a 78% year-on-year increase in deliveries in tier-three cities and a 47% rise in second-tier cities like Hangzhou and Nanjing.
2. Government Endorsement: Tesla has gained significant government backing, with several local authorities recently approving Tesla models for official car purchases. This endorsement helps Tesla penetrate segments of the market previously closed off due to regulatory restrictions, boosting both its sales and brand credibility.
3. Expanding Product Line: Looking to keep its offerings fresh, Tesla plans to produce a new six-seat Model Y in China starting in late 2025. This move is seen as an effort to appeal to family-oriented buyers and differentiate Tesla from other competitors in the market.
Despite a global downsizing of its sales force, Tesla’s China operations have maintained strong sales momentum, thanks to these strategic adjustments. Analysts project that if the current trend continues, Tesla could hit a record quarterly sales volume in China for Q3 2024.
Navigating a Mixed Market Environment
Tesla’s stock has shown a mixed performance recently, with technical indicators presenting both opportunities and cautionary signals for traders:
1. Price Action and Chart Patterns: Tesla’s stock was up 3% in Friday’s extended trading session but dipped 0.18% in premarket trading on Tuesday. The chart shows a bullish engulfing pattern, a positive signal suggesting that buyers are stepping in at current levels. This pattern, coupled with a moderate Relative Strength Index (RSI) reading of 50.21, indicates a potential uptrend in the near term. If the RSI dips to 40, near the one-month low pivot of $183, a rebound could be expected.
2. Support and Resistance Levels: Tesla’s stock is poised to hold its current levels, with analysts maintaining a “Hold” rating on the stock. Key support lies around $183, while resistance levels hover near $200, indicating that Tesla could be gearing up for a potential breakout if buying pressure increases.
3. Investor Sentiment and Volume: Trading volume and investor influx are critical factors. A surge in these could further propel the stock upward. With the introduction of Tesla’s Full Self-Driving (FSD) feature in China expected by year-end, sentiment could turn increasingly positive, leading to higher trading volumes and bolstered prices.
Outlook: A Balanced Perspective
Tesla’s ongoing success in China and strategic initiatives point to a promising future, but investors should also be mindful of the broader market conditions. With high competition, economic pressures, and evolving consumer preferences, Tesla’s path forward in China will be closely watched. Technically, the stock shows signs of resilience, but maintaining its trajectory will depend on continued strong sales performance, positive regulatory developments, and the successful execution of new product rollouts.
For traders, Tesla offers a balanced risk-reward profile at current levels. The fundamentals provide a strong backdrop, while the technicals suggest that the stock is at a critical juncture. Whether you’re looking to hold for the long term or capitalize on short-term price movements, Tesla remains a key player in the evolving EV landscape. As always, keep an eye on macroeconomic trends and market signals to navigate this dynamic market.
TSLA, long, Entry: 217.99, Stop: 215.73, Timeframe: 4h**Trade Type:** long
**Ticker:** TSLA
**Entry Price:** 217.99
**Stop Loss:** 215.73
**Take Profit 1:** 220
**Take Profit 2:** 225.45
**Risk/Reward Ratio:** 3.35
**Timeframe:** 4h
Tesla Long - Elon for President?Hello everybody.
Storyline: Elon for President? You can bet that Tesla will pump if Trump wins the elections. Besides of that, rising china sales, unveiling the robotaxi etc. pp. There are many things imo which speaks for Tesla while the masses brag about his political views.
Market: Decreasing rates, good looking economic data for the US at least.
Chart: Keep it simple! Did we create lower low on the weekly? No? Why shouldn't we attack the top 25% of the weekly swing then to confirm that we "really" do wanna go further down. I don't know and it's not in my interest to know if Tesla might even break that prior weekly high, but I do know that we logic wise should attack the top of the swing to either confirm the bearish idea or create even a higher high. Additionally, just as an idea, think of laddering. Look at the higher timeframes how we bounced off major weekly / daily levels and slowly steady climb up.
Best of luck!
TSLA down a little more before a rallyThis is just a continuation of my last TSLA post because the comments were getting too long, but my conviction remains the same.
I want us to hit a little lower before we head to the upside.
Conservatively, just south of 200, with room to hit lower - green circle is the target, with a few support options available to us.
With the small sloping distribution currently showing on the smaller timeframe, a push down even lower than that to 180 range looks entirely possible, and with dates like NFP coming up that sees strong pulls in a direction, it fits my narrative.
Will do some more updates in the coming days to support the theory, though you can look at my previous post which goes into detail.
TSLA gains for this month?Speculating an increase in share price with TESLA, will bulls continue their optimism or will macro-economic data send shockwaves through the markets?...
Either way have a productive week.
TESLA: Bullish: Inverted Head and Shoulders "in formation?! TESLA: Bullish: Inverted Head and Shoulders "in formation?! To watch
Concerning Tesla, as you can see, we are on the 38.2 Fibonacci of the decline from the historic high of $414 on November 4, 2021 to the low on January 6, 2023.
We are currently on the 38.2% Fibonaccio which is not a very high level; in the end. It is the "wolf of Zurich" who has detected a POSSIBLE "inverted head and shoulder" (inverted ETE); which if it becomes valid would give a first target around $245, then $275, and $307 (66% Fibonacci) and finally $400.
NB: I calculated all these levels in advance for you 'also thanks to Ichimoku.
So on an "inverted ETE" we are watching volumes and at the break of the "neckline" we enter the purchase, and we put our "stop loss" below the previous low, according to your currency management!
In addition, Tesla will also announce and present its robot taxi on October 10, 2024 so I think that at the macroeconomic level it will move.
Can you imagine such news, a presentation of the Tesla robot taxi, and nothing happens on the markets??!!!
I don't think so!!
However, if you currently want to short sell Tesla you can do so, and you can put a "Reverse stop" above the previous high, that is to say above the candle of August 16, 2024 around $234, for example.
Be careful on the markets
