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4TSLA trade ideas

TSLA : Initial Reversal or Continued Bullish Trend? (READ)By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price is moving towards the supply zone that we've marked on the chart. I expect that once the price enters the $233.5 to $274 range, we will see an initial negative reaction. However, keep in mind that with the potential for interest rate cuts in the coming months, the stock market might experience a revival, pulling out of the recent downturn we've been witnessing. Therefore, while we may see an initial negative reaction from the marked zone, I predict the overall trend will continue to be bullish. 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 ((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
NASDAQ:TSLALong
by ArmanShabanTrading
2
Tesla (TSLA) 1 Day Time Frame Technical Analysis1. Trend Analysis: Short-term Trend: Tesla is in a recovery phase after a pullback from its highs. The recent candles suggest a potential resumption of the uptrend, but confirmation is needed with a break above key resistance levels. Medium-term Trend: Tesla had a strong rally that peaked near $299.25 before correcting. The stock is currently consolidating, with a potential to either continue its uptrend or experience further downside depending on price action at key levels. 2. Key Support and Resistance Levels: Resistance Levels: $271.25: This level is a significant resistance and aligns with a recent swing high. A break above this level would be a strong bullish signal and could lead to a move towards the previous high at $299.25. $249.89: A minor resistance level that Tesla must clear to build momentum towards $271.25. A breakout here could indicate that buyers are regaining control. $299.25: The recent peak and a major resistance level. If Tesla breaks above this level, it could enter a new bullish phase, targeting even higher levels. Support Levels: $220.32 - $217.98: This is a critical support zone. A breakdown below this level could indicate further downside, possibly leading to a test of lower support levels. $194.50: A significant support level below $220.32. If Tesla falls below this, it could signal a deeper correction, possibly towards $182.04. $182.04: A key support level that could be tested if the price continues to decline. A breakdown below this would likely confirm a bearish trend. 3. Gap Analysis: Gap Above: $271.25: There is a gap near this resistance level. If Tesla can break above $249.89, this gap is likely to be filled first. Gaps often act as magnets for price action, and this level will be crucial for determining the near-term trend. Gap Below: $220.32 - $217.98: There is a gap within this support zone. If Tesla fails to break above $249.89 and shows weakness, this gap might be filled next. If the price starts moving towards this level, the gap could get filled quickly, leading to a potential test of $194.50. 4. Indicators: MACD: The MACD is showing signs of a potential bullish crossover, which could support a move higher if confirmed by price action. However, if the crossover fails, it might signal further downside. Moving Averages: Tesla's price is slightly above a short-term moving average (likely 10 or 20-period), which could act as dynamic support. The price needs to stay above this moving average to maintain upward momentum. 5. Price Action & Trading Strategy: Bullish Scenario: Entry Point: Consider entering a long position if the price breaks above $249.89 with strong volume, targeting a gap fill up to $271.25. If the price clears $271.25, it could move towards the previous high of $299.25. Exit Point: Take profits near $271.25 if the gap is filled. If momentum is strong, consider holding a portion of the position for a potential move towards $299.25. Bearish Scenario: Entry Point: Consider shorting if the price fails to break above $249.89 and starts showing weakness, targeting a gap fill near $220.32 - $217.98. If the price breaks below $217.98, consider holding for a move towards $194.50. Exit Point: Take profits near $220.32 once the gap is filled. If the price continues to fall, consider taking additional profits near $194.50, with a stop-loss above $249.89 to protect against a reversal. Risk Management: Position sizing is crucial. Use stop-loss orders to protect against adverse moves, with stops placed just below key support or above key resistance levels. 6. Forecasted Direction: Bullish Above: $249.89, with a target to fill the gap at $271.25. If this level is breached, the next target would be the previous high at $299.25. Bearish Below: $249.89, with a target to fill the gap at $220.32 - $217.98. If the price drops below $217.98, further downside could lead to a test of $194.50, and potentially $182.04 if the bearish momentum continues. Summary: Key Levels to Watch: Bullish Breakout: Above $249.89, targeting $271.25 and $299.25. Bearish Breakdown: Below $249.89, targeting $220.32 - $217.98, with potential further downside to $194.50 and $182.04. Gap Fill Likelihood: First Gap to Fill: If the price breaks above $249.89, the gap near $271.25 is likely to be filled first. Alternative Gap Fill: If the price fails to break above $249.89 and heads lower, the gap near $220.32 - $217.98 is more likely to be filled next. By monitoring these key levels and using the MACD and moving averages as additional confirmation, you can strategically plan your trades for Tesla in the coming days.
NASDAQ:TSLA
by BullBearInsights
Still believe in 270+, but perhaps one more drop before the pumpMy previous idea was getting a bit long with all the additional comments, so I'm starting afresh. I'm still of the impression that we are heading for 270+, but Ive started to think that we might need one more fall out before we head up finally. I'll add some more comments to support the theory, but this is where my head is at for now. This could quite easily get up a little higher to break the neckline around the 230 range, though after that, it's back to sub 200.
NASDAQ:TSLALong
by ash4zeker
Bear Flag in Tesla?Tesla has been climbing recently, but some traders may see a bigger downtrend. The first pattern on today’s chart is the series of higher lows since August 5. The EV maker fell yesterday to close at its lowest level in over a week. That may be viewed as a breakdown from a bearish flag. Second, Tuesday’s high occurred near a 50 percent retracement of the move between the peak of July and the trough of this month. Third, July’s high occurred near the high from December. Could that be viewed as a double-top reversal pattern? Stochastics are also dipping from an overbought condition. Next, prices are struggling at the 50-day simple moving average. The 8-day exponential moving average (EMA) also failed to move above the 21-day EMA. Those signals may reflect bearishness over the intermediate and short terms. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:TSLA
by TradeStation
7
TSLA / DECLINE BEFORE RISING - 4HTSLA / 4H TIME FRAME HELLO TRADERS Tendency , prices is under upward pressure , until trading above turning level at 195.12 Upward Condition : The price is currently showing bullish momentum. As long as it stays above the turning level of 195.12 , it is likely to move upward toward the resistance levels at 227.92 and then 253.52 . Downward Condition : To reach the 168.36 support level (1) , the price needs to first break the turning level by closing a 4-hour candle below 195.12 . If it stabilizes below support level (1) , a further decline toward the support level (2) at 141.32can be anticipated . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 227.92 . RESISTANCE LEVEL (2) : 253.52 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 168.36 . SUPPORT LEVEL (2) : 141.32 . TURNING LEVEL : 195.12 .
NASDAQ:TSLALong
by ArinaKarayi
2
Updated TSLA Analysis for August 23, 2024:Chart Overview: This updated chart provides a broader view, focusing on the 1-hour timeframe, which is critical for both intraday and short-term trading strategies. Support and Resistance Levels: Immediate Support at $212.00: This level is currently being tested. If the price sustains above this level, it could serve as a launching point for a bullish move. However, a break below this could signal a continuation of the bearish trend. Lower Support at $198.76: If TSLA continues to fall, this level around $198.76 becomes critical. This area could attract buyers looking for a value entry. Immediate Resistance at $218.97-$220.37: This range represents a strong resistance zone. If the price moves upwards, expect sellers to become active around this zone. A breakout above this area would indicate a shift towards a bullish sentiment. Higher Resistance at $225.59 and $228.21: These levels could serve as additional resistance if the price manages to break through the $218.97-$220.37 range. Volume Profile Insights: The Volume Profile reveals that significant trading activity occurred between $220.37 and $218.97, making this a crucial battleground for bulls and bears. The price action around this zone will likely dictate the direction for the upcoming trading sessions. MACD Indicator: The MACD histogram is showing signs of a potential bullish crossover, suggesting that momentum may be shifting towards the bulls. However, this needs confirmation with further price action. Trading Strategy Recommendations: For Scalping: Bullish Entry: Consider entering a long position if TSLA breaks above $218.97 with strong volume. The initial target would be $220.37, with potential extensions to $225.59 if momentum continues. Bearish Entry: If TSLA breaks below $212.00, consider shorting with a target around $198.76. Use tight stop-losses to manage risk. Stop-Loss: A reasonable stop-loss for long positions could be set below $218.97, while for short positions, a stop-loss just above $212.00 would minimize risk. For Intraday Trading: Bullish Scenario: If Powell's speech indicates dovish policy, expect TSLA to potentially move towards $220.37 and possibly challenge $225.59. A break above this would further strengthen the bullish case. Bearish Scenario: In contrast, if the speech hints at continued tightening, TSLA might test the $212.00 support and could move further down to $198.76. Market Sentiment: Given the current economic uncertainty and caution ahead of Powell's Jackson Hole speech, traders should be prepared for volatility. The overall market sentiment is leaning cautious, so it's important to keep an eye on broader market cues and react accordingly.
NASDAQ:TSLA
by BullBearInsights
TSLA long to $251-53I am sorta counting this one as a pendulum pick because in that method I've gotten the TSLA short etfs twice in the last couple weeks. I do dowsing, btw, and that's where all my information comes from. I've never had an inverse etf like that, and don't want to confuse things, so I'm just going with TSLA stock for the reading. There's been suggestion of a big low coming that is an opportunity and I think the low is around $209.30, so we're almost there. I have a target just above $251 or so up to $253. This also will accomplish a gap fill of $246. I will note that I found an old alert on my chart at $242, which is a number that's come up in today's reading. So, there could be a pause there at $242. Or, maybe that's the next high & never reaches $250? I originally thought it was 42 points higher, which would get to the main target area from around today's close. We'll see, but I have it bullish.
NASDAQ:TSLALong
by JenRz
Tesla (TSLA) Technical Analysis & Trade Strategy for August 22, 1. Technical Analysis Overview Trendlines & Price Action: Tesla is currently trading within a symmetrical triangle pattern, as seen on the 1-hour chart. The triangle's apex is approaching, indicating a likely breakout either upwards or downwards soon. This is supported by decreasing volatility as the price consolidates. Volume Profile: The visible volume profile indicates a significant support zone around $216, with a high-volume node at $224.58, suggesting these levels may act as support and resistance respectively. The point of control (POC) around $224.58 shows where most trading volume has occurred recently, reinforcing it as a critical level. Indicators: The MACD histogram shows decreasing momentum, with the signal line potentially crossing the MACD line, indicating a possible shift in momentum. However, there is no definitive signal yet. 2. Market Catalysts & Sentiment Subsidy Risks & EV Market Sentiment: Near-term headwinds for Tesla include concerns about potential subsidy cuts, particularly with upcoming elections that might lead to changes in EV incentives. This could impact demand and investor sentiment​. Recent Q2 Deliveries & Robotaxi Day: Tesla’s second-quarter deliveries have shown signs of stabilization, and the upcoming focus on Tesla's autonomous vehicle technology, especially post the August 8 Robotaxi Day, could reignite interest in the stock. Analysts see potential for a turnaround in Tesla’s story, driven by its advancements in AI and robotics​ 3. Strategy Breakout Strategy: Given the symmetrical triangle pattern, a breakout strategy could be effective. Watch for a decisive move above $228.21 (resistance) for a potential bullish breakout, with a target around $236 (next resistance level) or even $248 if momentum is strong. Break and Retest: If the price breaks above $228.21, consider entering on a pullback (retest) to this level, confirming it as support. The target remains $236 and then $248. Bearish Scenario: If the price breaks below $224.58, watch for a drop towards $216, which could be a strong support. A break below $216 could lead to a more significant downturn towards $212 or lower. Open Break Strategy: At market open, observe the price action around these critical levels. A strong move in either direction could be used to quickly enter a trade, aiming for 1-2% gains, especially if combined with rising volume. Prepare for Volatility: Given the recent consolidation, a breakout could be sharp and swift, so ensure stop-loss orders are tight to protect against quick reversals.
NASDAQ:TSLALong
by BullBearInsights