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TESLA INC. DL -,001

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TSLA: Short-term Probability Analysis | 57.35% Reversal!Short-term analysis of NASDAQ:TSLA indicates that the price is most likely to head to trade above +$200 in the coming days/weeks. Breaking down the reason behind the current setup and why we should be expecting new mid-term highs: Feel free to share your thoughts or any feedback you have on the analysis. Also, if you're interested in analyzing the probabilities directly on your charts make sure to check out the Free Public Indicator that I've published recently!
NASDAQ:TSLALong
by Fractalyst
TSLA 6/28/2024Based on the 4-hour chart for TSLA (Tesla, Inc.), here's a detailed technical analysis for Friday, June 28. Trend Analysis: The chart shows a recent uptrend with higher highs and higher lows. The price is above the 50-period moving average, which supports the bullish trend. Support Levels: $196.00: Near the current price and recent support level. $192.00: A strong support level below the current price. $176.00: Another significant support level. Resistance Levels: $197.70: Immediate resistance as indicated by the volume profile. $198.72: Recent high and key resistance. $200.00: Psychological resistance level. Indicators: MACD: The MACD is showing a bullish signal, with the MACD line above the signal line. Volume Profile: Shows high trading activity around $197.70, indicating a strong resistance zone. Detailed Price Action Analysis Price Action: The price is consolidating around the $197.70 resistance level. There is a clear uptrend line supporting the price action. Volume is relatively high, indicating strong interest and participation around the current price level. Strategy for Friday, June 28 Long-Term Trade Entry Point: Consider entering a long position if the price breaks and holds above $198.72 with strong volume. Alternatively, enter on a pullback to the $196.00 support level if the price shows signs of a bounce. Exit Point: Target the $200.00 level for taking partial profits. If the bullish momentum continues, aim for higher levels around $202.00-$204.00. Set a stop-loss below the $196.00 support level to manage risk. Scalping Strategy Entry Point: Look for a quick entry if the price breaks above $197.70 with strong volume confirmation. Consider entering near the $196.00 support level if there is a strong bounce with confirming volume. Exit Point: For quick scalps, aim to exit near the $198.50 to $199.00 range. Set tight stop-losses below the $196.00 level to minimize losses. Summary of Key Levels Support Levels: $196.00 $192.00 $176.00 Resistance Levels: $197.70 $198.72 $200.00 Price Actions in Detail The recent uptrend and higher highs suggest a bullish sentiment. The consolidation around $197.70 indicates a potential breakout or pullback zone. Monitor the volume closely as a breakout above $198.72 with strong volume could signal a strong upward move.
NASDAQ:TSLALong
by BullBear-Insights
2
TSLA 6-27-2024Support Levels: $195.00: Recent support level visible in pre-market trading. $193.00: Previous intraday low. $190.00: Another support level, corresponding to a previous bounce point. Resistance Levels: $198.00: Visible resistance level, as marked in the chart. $200.00: Psychological round number resistance. $202.00: Previous intraday high, acting as resistance. Volume Profile High Volume Node (HVN): Around $195.60 - This indicates a price level where a lot of trading activity has occurred. This could act as a significant support/resistance level. Value Area High (VAH): $198.72 - Indicates the upper range of the highest volume price area. Value Area Low (VAL): $195.52 - Indicates the lower range of the highest volume price area. Bullish Scenario: Entry: If TSLA breaks above $196.00 with strong volume, consider entering a long position. Target 1: $198.00 Target 2: $200.00 Stop Loss: Below $195.00 Bearish Scenario: Entry: If TSLA breaks below $194.50 with strong volume, consider entering a short position. Target 1: $193.00 Target 2: $190.00 Stop Loss: Above $195.60 Conclusion: Pre-Market Analysis: TSLA is currently in a consolidation phase between $195 and $198. The direction of the breakout from this range will provide the next trading opportunity.
NASDAQ:TSLA
by BullBear-Insights
$TSLA #Tesla Inverse Head & ShouldersNASDAQ:TSLA #Tesla Inverse Head & Shoulders The Inverse Head & Shoulders pattern is a popular technical analysis indicator used to predict a reversal in a downtrend. Here's a description: ### Inverse Head & Shoulders Pattern The Inverse Head & Shoulders pattern is a bullish reversal pattern that often marks the end of a downtrend and the beginning of an uptrend. It consists of three main components: two shoulders and a head, formed by three successive troughs with the middle trough (head) being the deepest. #### Key Features: 1. **Left Shoulder:** - The price declines to a new low and then rises to form a peak. 2. **Head:** - The price falls again, creating an even lower trough (the head), and then rises once more. 3. **Right Shoulder:** - The price declines for a third time but does not fall as low as the head, forming the right shoulder, before rising again. 4. **Neckline:** - A horizontal or slightly upward-sloping line drawn through the peaks between the left shoulder, head, and right shoulder. This line acts as a resistance level. #### Trading the Pattern: - **Identification:** - Look for a clear formation of the left shoulder, head, and right shoulder during a downtrend. - **Neckline Break:** - The pattern is confirmed once the price breaks above the neckline. This breakout signals a potential reversal and is considered a buying opportunity. - **Volume:** - Volume typically decreases as the pattern forms and then increases on the breakout above the neckline, adding validity to the reversal. #### Measuring the Target: - **Price Target:** - The projected price target is typically calculated by measuring the distance from the bottom of the head to the neckline and then adding this distance to the breakout point at the neckline. #### Example: If the bottom of the head is at $50, the neckline is at $60, the difference is $10. If the price breaks the neckline at $60, the target price would be $70 ($60 + $10). ### Summary The Inverse Head & Shoulders pattern is a reliable indicator used by traders to identify potential reversals from bearish to bullish trends. When identified correctly, it provides a clear signal to enter long positions, aiming for the measured target based on the pattern's structure.
NASDAQ:TSLALong
by AlgoTradeAlert
5
Tesla gold June 27th this video takes a look at range patterns and trending patterns. the bars and the way the market does retests is a good way to evaluate for a trade that will take you in the direction you're looking for. 1 of the problems with Trading especially when you have expensive equities or you're trading the Futures Market is that a small stop... is not necessarily a small amount of money.... but if you're effective at identifying support and resistance areas and reversals you can find small trades that are not structural trades in the way people classically look at markets... but you can learn to pick a trade with a stop that you're not likely to hit before it moves to your target. you can't trade oil for a $50 stop. the same is true for the metals. if you trade you will have losing trades... but if you learn to pick a reversal pattern and go with that direction of the market the high probability for that direction.... that's your Edge and it will take care of you.
NASDAQ:TSLA
by ScottBogatin
1
$TSLA bottoming soon around $131-137 and then push to $200?NASDAQ:TSLA looks to be close to making a short term bottom. Thinking we could see price find support in the $131-137 range and then with earnings see a push to $200 or so. NASDAQ:TSLA has been the leader to the downside and it looks to be nearing exhaustion. Would make sense for the leader to the downside to end up being the leader to the upside should the reaction to earnings be positive. Let's see. This week should be telling on the directional move for equities.
NASDAQ:TSLALong
by benjihyam
21
TESLA It has begun...Tesla (TSLA) is on almost a +5.00% rise today an aggressive reaction to the market news and technically extending an Inverse Head and Shoulders (IH&S) pattern as we mentioned on our previous analysis (see chart below): It is a good time to shift to the longer term time-frame of 1W, where this IH&S pattern is a bottom formation that Tesla has registered before all of its major long-term rallies. The one that looks from cyclical start to finish with today's pattern is the period of 2014 - 2016. Once the price broke above the 1W MA50 (blue trend-line) on that pattern, Tesla started a rally that peaked on the 1.382 Fibonacci extension level. Observe similar the 1W RSI patterns are as well between the two Cycles. If the stock repeats that Fibonacci target, we can get a price as high as $700.00. That is of course a very optimistic scenario but even the more pessimistic one, has a (dotted) Channel Up targeting its top on the 3.5 Time Fib at around $400, which is almost the All Time High (ATH) for Tesla. As a result, we see $400 as a real posibility for the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
2