Tesla's Next Move: Will 360 Be the Target, or Are We Going LowerGood evening, trading family.
Tesla is at an exciting crossroads, and we’re keeping a close eye on the key levels ahead. Let’s break it down:
Upside Potential:
325: First step if the market pushes upward.
338: A critical resistance—breaking this could lead to 360+.
Downside Risks:
298: A potential level for support if we pull back.
287: A deeper support level if selling continues.
At the MindBloome Exchange, we care about your success. Trade what you see, stay patient, and let the levels guide you.
Kris / Mindbloome Trading
TL0 trade ideas
TSLA Rally: What's Next?Tesla is currently trading within an upward channel on the 1-hour chart. This channel suggests continued bullish momentum, but we should remain cautious of potential pullbacks as it approaches the upper trendline.
Price Action Analysis:
Channel Formation:
TSLA is respecting an upward trend channel. The current price action is near the upper boundary, indicating possible overextension and potential for a pullback.
Watch for a retest of the mid-channel trendline (around $318-$320) as a key support level. If it holds, it may provide a solid bounce opportunity for scalping.
Support and Resistance Levels:
Immediate Resistance: $328.71 (upper channel line). Breaking above this level with volume could push the price toward $335-$340.
Immediate Support: $322-$320 (mid-channel line and EMA support). If it breaks below this, expect a test of the $310-$312 area.
Key Levels Below: $294.07 is a strong support zone, aligning with previous consolidation and a psychological level.
Volume Profile:
Increasing volume with each leg up indicates strong buyer interest. However, be cautious of a volume divergence if we see decreasing volume on higher prices, suggesting weakening momentum.
MACD and Momentum Indicators:
The MACD on the 1-hour chart is extended but shows no signs of bearish crossover yet. Keep an eye on a potential bearish crossover, which could signal a short-term pullback.
RSI (not shown but inferred) is likely nearing overbought territory. Consider this when planning for scalp entries and exits.
Scalping Opportunities:
Look for quick scalps at the key intraday levels:
Long Entry: Around $320-$322 with a tight stop below $318, targeting a quick move back to $328.
Short Entry: If it rejects off $328-$330, consider a short scalp targeting the $320 support.
Swing Trade Ideas:
A strong daily close above $330 could set up a swing trade toward the $340 level, given the recent bullish momentum.
Conversely, a break below $320 could lead to a deeper pullback, targeting $310-$312 for a
swing entry.
Disclaimer:
This is for educational purposes only and not financial advice. Please perform your own research before making any trading decisions.
TESLA bulls take complete control!Boost and follow for more ❤️🔥 Tesla has come a long way since I called the dip buy at the 170 area, congrats to longs!
Recently we have seen Tesla reclaim a major trend support AND a resistance zone all in a single weekly candle, even if we dip a bit from here I still love Tesla as long as 300-314 holds ⚡
a rally higher to 400-500 in the next 2-3 months or so is very likely in my opinion! 🎯
side note: I may hit 12,000+ followers by the time I post another chart or update.. Thank you to anyone that's followed and supported my ideas over the years. You motivate me to keep improving and posting more content. ❤️🔥 see you soon
$TSLA produced another FVG on the weeklyThe last one I gave at 240 entry now i am looking for buys between 272-305
BIG picture I am looking for TSLA to hit 500!
DROP A LIKE FOR LIVE FREE UPDATES!
Update on Tesla This is my update on Tesla stock.
A huge gap that was created today and looking to not go inside the gap.
Not seeing anything to show why this will continue going up without going back to the first GAP mentioned in the last post. Which was in October.
The GAP is showing a whopping 4% rise.
Tesla - New All Time Highs With Trump!Tesla ( NASDAQ:TSLA ) just broke above the last resistance level:
Click chart above to see the detailed analysis👆🏻
With Trump winning the election and Elon Musk being a supporter of Trump, Tesla is rallying significantly. But looking at market structure, this rally was also expected, considering that Tesla just broke out of a triangle pattern. Now Tesla will soon create new all time highs.
Levels to watch: $275, $410
Keep your long term vision,
Philip (BasicTrading)
Tesla on CD leg of crab harmonic pattern, target at 602Retrace levels 310 or 273 and then start of upward journey.
Tesla starts a new bull cycleTesla has good fundamentals to start a new bullish cycle, it's the leading electric car maker company and also the most advanced AI car company. Furthermore, taxis are coming soon and robots too. Both have the chance to change the world and that means money for the market.
To time the entry, the best way is to wait for the market to show a clear bullish signal and that's what happened recently.
see the chart for further context and explantion.
How to Use Stock Volume in CFD TradingHow to Use Stock Volume in CFD Trading
Volume is one of the fundamental aspects of all markets. If you're wondering, "What does volume mean in the stock market?," you're about to discover how this critical measure of shares traded can unlock deeper insights into market trends and investor behaviour. We delve into how to use stock volume to improve your trading, offering practical approaches for confirming market sentiment, trends, reversals, and more.
What Is Volume in the Stock Market?
The volume in the stock market definition refers to the total number of shares traded during a specific time frame. It's a vital indicator of market activity and investor interest in a particular stock.
High volume often signals strong investor interest and market movement, either upward or downward. Conversely, low volume may indicate decreased interest or uncertainty in a stock. In essence, it provides insights into sentiment, helps confirm trends, and aids in identifying potential reversals or breakouts.
As we walk through the varying insights volume offers stock traders, you may gain the best understanding by applying your knowledge to real-time charts. Head over to FXOpen’s free TickTrader platform to see how volume affects hundreds of unique stocks.
Volume and Market Sentiment
When considering volume in a stock, meaning its traded shares, its relationship with market sentiment becomes pivotal. This sentiment, essentially the collective attitude of traders towards a stock, is often inferred from volume patterns.
At its most basic, high trading activity during a stock's price increase is often seen as a confirmation of positive sentiment, showing trader confidence. Such a scenario often reflects a robust demand overpowering supply.
In contrast, if a stock declines on high volume, this may signal negative sentiment, suggesting a strong selling pressure. This situation typically indicates that investors and traders are actively offloading their shares.
Volume and Price Movement
So, how does volume affect stock prices? Volume acts as a force behind price movements, as discussed.
However, its impact isn't always straightforward. A stock might rise on low volume, which can be a sign of caution, as it may indicate a lack of conviction among traders, potentially making the price rise unsustainable. Similarly, a drop on low volume might not necessarily signify a bearish trend but rather a temporary lack of interest.
Additionally, the number of shares traded can be crucial in identifying a stock’s tops or bottoms. For instance, a sudden spike after a long period of price increase might signal a top, as it could represent a final push by exhausted buyers before a reversal. Similarly, a significant increase in market activity at a low could indicate a bottom.
Identifying Trading Signals with Volume
Learning how to trade volume involves recognising nuanced trading signals that volume fluctuations can offer. Beyond the basic interpretations of high or low volume, traders look for specific patterns or anomalies in activity data to make informed decisions.
One key signal is the volume spike. A sudden increase in trading activity, especially when it deviates notably from the norm, may indicate a significant event or sentiment change. For instance, a volume spike accompanying a breakout from a consolidation pattern might confirm the strength of a new trend, offering a buying opportunity for traders.
Conversely, an unexpected, sustained drop in interest during a steady trend might be a warning sign. This could suggest that the current trend is losing momentum and might be nearing its end, reflecting a potential exit point or even a reversal opportunity.
Another aspect to consider is the trend over time. Gradually increasing volume in a trending market reinforces the trend's validity and vice versa.
Overall, trading volume isn't just about high or low numbers. It's about understanding the context of these changes and how they align with price movements.
Volume Indicators and Tools
When exploring how to use volume in trading, several key indicators and tools stand out. These provide insights into market dynamics, aiding in decision-making:
- On Balance Volume (OBV): OBV totals volume during up periods and subtracts it during down periods. A rising OBV usually suggests bullish trends, while a falling OBV indicates bearish trends. It's used to confirm movements or spot divergences.
- Volume Price Trend (VPT): VPT combines volume and price change to assess the strength of price moves. An increasing VPT usually indicates strong buying pressure, while a decreasing VPT suggests selling pressure.
- Accumulation/Distribution Line: This indicator considers the trading range and the volume. It helps identify whether a stock is being accumulated (bought) or distributed (sold). A rising line usually suggests accumulation, while a falling line indicates distribution.
- Chaikin Money Flow (CMF): CMF combines price and volume to measure buying and selling pressure over a set period. A positive CMF usually demonstrates buying interest, while a negative CMF suggests that sellers are in charge.
Volume as an Indicator of Liquidity
Lastly, volume is a key indicator of liquidity in the stock market. High trading activity reflects that a significant number of shares are being bought and sold, which typically indicates good liquidity. This liquidity may help traders execute trades quickly and at prices close to the market rates, reducing the cost of transactions.
Conversely, low volume signals poor liquidity, where fewer shares are traded. In such scenarios, executing large orders may be challenging without significantly impacting the stock. Such a lack of liquidity can lead to larger bid-ask spreads and potentially less favourable execution prices for traders.
The Bottom Line
As we've journeyed through the intricate world of stock volume, it's clear that understanding volume is more than a skill – it's an essential aspect of savvy trading. From recognising sentiment to navigating various market conditions, volume serves as a powerful tool in your trading arsenal.
To put this knowledge into practice and experience the dynamic world of trading, consider opening an FXOpen account. Once you do, you'll have the opportunity to apply these insights in real-time, potentially enhancing your trading journey with informed decisions driven by volume analysis. Happy trading!
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
TSLA - Use Technical principles To Help With Investment IdeaA look at TSLA & how technical analysis can be helpful in your decision making even if you're a longer-term investor.
In this video we take a look at a Butterfly pattern on Tesla and walk through what opportunities it presents for both bullish & bearish traders/investors.
Please leave any questions or comments below & I wish you guys a great trading week.
Akil
TSLA on the go...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After rejecting the $200 round number zone and breaking above the red channel, TSLA's momentum shifted from bearish to bullish.
Currently, TSLA is in a correction phase and approaching the green demand zone and round number $300.
📚 As per my trading style:
As #TESLA approaches the $300 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Tesla’s Update Wild Ride: Targeting $360+ or Revisiting $287?Good morning, trading family! At the Mindbloome Exchange, we trade what we see, not what we hope for. Today, we’re watching Tesla closely. If it can break $327, the next targets are $338 and $360+. But if $327 holds as resistance, we could see a pullback to $307, and possibly even deeper moves to $298 or $287.
Breakdown of What We See:
Tesla’s Big Picture
The ultimate goal right now is $360+, but there’s work to do before we get there.
Key Resistance: $327
Tesla must break above $327 to show it has momentum for the next leg higher.
Next Target: $338
If $327 breaks, $338 is the next checkpoint to watch on the way to $360+.
Pullback Alert
If Tesla struggles at $327, we could see it pull back to $307 support.
Lower Levels to Watch
A break below $307 could mean deeper retracements to $298 or $287.
The Mindbloome Way
At the Mindbloome Exchange, we keep it simple: trade what you see. Stay patient, stay focused, and let the charts guide your decisions.
Kris/ Mindbloome Trading
TSLA SHORT PLAY why I’m so bearish NASDAQ:TSLA will probably look short because the chart shows 30m closed under under the 200 along with a 4 hr push down and cross below the 30sma also hourly is also gett8 g nasty top out wicks which makes me even more bearish
TESLA POTENTIAL LONG|
✅TESLA fell again to retest the support of 310$
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Tesla UpdatePrice is still chopping around in my b wave target box, and thus far, the 0.786 is holding up. If the structure is to continue along the expected pathway, we should start to drop, ideally tomorrow, towards the c of A target box. That is not saying we get there tomorrow, just that I would like to see us begin our journey down. As the label suggests that should be the c wave of A. It will present as either a 3 or 5 wave pattern. Usually, this part of the pattern would have a stronger move then the rest. That is what usually causes MACD to print the lowest reading of the structure.
The ALT count suggests that we get another high above the last @ $362.80. As stated prior, should price breach the top of the target box, odds of another high raise dramatically. It wouldn't be a guarantee, but would raise the probability significantly.
$TSLA Parabolic Chart
I charted the daily and this jumped out at me. Possible parabolic move coming for TSLA to 780 with a 30% pullback to 550?
It's reasonable considering that would take us to a 2.25 trillion market cap thereabouts which is still reasonable considering the likes of apple, msft, and others.
TESLA Will it turn the former 2-year Resistance into Support?Tesla (TSLA) fulfilled our August 15 buy signal (see chart below) as after the minor pull-back we expected, it rose aggressively on its new Bullish Leg of the 2-year Channel Up and came close to a new Higher High:
The correction of the past 4 days may be one last great short-term buy opportunity as it hit yesterday the former Resistance Zone of July 2022. If it holds, it will turn into its new technical Support Zone, thus will be an additional buy for out $380.00 Target.
Beyond that we need to see the ATH break before formulating a new strategic plan on the pattern that will emerge.
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IS TESLA ABOUT TO HAVE A MASSIVE RALLY? (November 13, 2024)An in-depth video featuring the Fibonacci retracement tool & the wavetrend indicator looking at the possibility of can Tesla rally 200% from our 306 level...
Surprisingly, we have lots of data over the past 12 years which shows that 66% of the time, this tends to be the case
Watch the video to figure out how this rally could play out!!!
Tesla buy opportunitiesHello,
Tesla is presenting attractive buying opportunities at the moment. The current buy range is between USD 233 and USD 241. With a target price of USD 447, this investment could yield significant returns. The expected holding duration for this trade is approximately 5 months, providing a balanced timeframe for potential growth. This range offers a favorable entry point for investors looking to capitalize on Tesla's market potential.
Good luck!
Tesla’s Wave 5 Surge: Eyeing $425 by Late November!Tesla has achieved four waves, with wave 3 peaking at $426 and wave 4 finding support around $310. Our analysis projects a powerful rally to complete wave 5, targeting $425 by 27 November 2024. The bullish setup remains valid as long as the key level of $273.53 holds firm. Any breach of $273.53 would invalidate this scenario. This presents an exciting opportunity for traders to capitalise on Tesla’s anticipated breakout, with critical levels to watch closely.
Is more control of Tesla by Elon Musk bullish or bearish?From 2022 we began to see that electric vehicle adoption was losing some steam in the US and other major markets. EV players like NASDAQ:TSLA got hit the most unlike Toyota that produced gasoline and hybrids in the same period, which are very quite appealing to consumers. EV demand is expected to slow in 2024.
The excitement about generative AI and robotics will be the tailwind for the EV maker’s potential upside. Musk wants to position the company as an AI investment.
In January, Musk posted on X “ I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned.”
From the post, Musk seems to be demanding for more voting control of the EV maker or would rather pursue his Ai projects outside the company. This is coming at a very tough period in the company.
I believe the board would negotiate this properly, considering how important Ai is to its full self-driving project.
Tesla has strived to always be at the vanguard of innovation, Ai would not be an exception. In the coming days Tesla will make great Ai breakthroughs that will
Cut cost
Improve self driving capabilities
Increase safety and
Enhance user experience
All these spell ‘BULLISH’…
They bears won't last ... .I am a Tesla bull.
If this idea was helpful, like, share and comment below.
TSLA dip? LOLTSLA went $140 to $360 if you're calling $315 a dip as a low to buy oh boy you're about to learn
I pressed the wrong Button. the play is still on ..Tesla's enterprise value is expected to increase significantly with the advancement of its autonomous driving technology, particularly through the launch of its robotaxi service. Here’s an analysis of the plausibility of this expectation, a projected timeline, and potential value increases over the next three years.
Plausibility of Increased Enterprise Value
Robotaxi Platform: Analysts predict that Tesla's upcoming robotaxi platform could account for up to 90% of its enterprise value by 2029. The successful implementation of this service hinges on achieving full autonomy with its Full Self-Driving (FSD) technology, which is anticipated to be realized within the next few years13.
Market Potential: The robotaxi service is projected to unlock a multi-trillion dollar market. Analysts from Ark Invest estimate that Tesla could generate significant revenue from this service, which would fundamentally shift its business model from one-time vehicle sales to recurring revenue streams12.
Operational Advantages: Tesla's ability to scale quickly due to its existing fleet and manufacturing capabilities gives it a competitive edge over other autonomous vehicle companies like Waymo. This scalability is crucial for capturing market share in the emerging robotaxi space14.
Projected Timeline
2024: The unveiling of the dedicated robotaxi product is expected to happen soon, with initial operations potentially commencing by late 2025. This timeline aligns with CEO Elon Musk's remarks about achieving full autonomy by the end of 2024 or early 202513.
2025: Tesla aims to launch its robotaxi service, initially using existing Model 3 and Model Y vehicles equipped with FSD technology. This could mark the beginning of significant revenue generation from autonomous ride-hailing24.
2026 and Beyond: As the robotaxi fleet scales and more vehicles are added, Tesla's enterprise value could see substantial growth. Analysts expect that as the service matures, it will contribute increasingly to Tesla's overall valuation.
Projected Value Increase Over the Next Three Years
Current Market Capitalization: As of now, Tesla's market capitalization stands at approximately $998.9 billion.
Potential Valuation Scenarios:
Conservative Estimate: If Tesla successfully launches its robotaxi service and captures a modest share of the market, analysts predict a market cap increase to around $1.5 trillion by 2026.
Optimistic Estimate: Should Tesla achieve rapid adoption and dominate the robotaxi market, some estimates suggest a potential market cap reaching upwards of $5 trillion, especially if FSD technology proves transformative23.
Value Increase Calculation:
Assuming a conservative growth scenario leading to a market cap of $1.5 trillion:
Projected increase = $1.5 trillion - $998.9 billion = $501.1 billion
Percentage increase =
501.1
998.9
×
100
≈
50.14
%
998.9
501.1
×100≈50.14%
In an optimistic scenario reaching $5 trillion:
Projected increase = $5 trillion - $998.9 billion = $4 trillion
Percentage increase =
4
,
000
998.9
×
100
≈
400.08
%
998.9
4,000
×100≈400.08%
Conclusion
The plausibility of Tesla's enterprise value increasing significantly hinges on the successful rollout of its autonomous driving capabilities and the subsequent launch of its robotaxi service within the projected timeline. Depending on market acceptance and operational execution, Tesla could see its market capitalization grow substantially over the next three years, with estimates ranging from a conservative increase of around 50% to an optimistic potential rise exceeding 400%.
