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TESLA INCTESLA INCTESLA INC

TESLA INC

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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 BullBear-Insights
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 BullBear-Insights
TESLA May Extends Uptrend Towards $310TESLA May Extends Uptrend Towards $310 Tesla reached the top of the channel at 270.90 on 11-Jul-2024 and the lowest price was reached at 182 on 05-Aug-2024 Over the past week, Tesla broke out of a bearish channel indicating that the bulls are once again taking control of the price. Considering that we are at the end of the summer season, chances are that we could see prices rise again near 310 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NASDAQ:TSLALong
by KlejdiCuni
3
A heartfelt message from human to human. A life lesson. Disclaimer: This video is not an analysis video so for those looking for a TSLA analysis here feel free to skip over. This video is a heartfelt message from one human to others - I learned some important lessons this morning about haters and about myself and I was given beautiful insight from G-D which will make me a better human being going forward. To those who come back time and time again to support me, I can't tell you enough how much I appreciate your appreciation - I truly spend my time making these videos to help you. I continue to pray that G-D silences my soul to those who hate and curse me. Thank you for listening and I will now get back to the analysis side of this business!
NASDAQ:TSLA
by ReigningTrades
6
Tesla (TSLA) for tomorrow and the rest of the August 21, 2024 Chart Overview: Timeframe: 1-hour Price Action: TSLA has been in an upward channel but recently had a pullback. It's currently near the lower boundary of the channel. Key Levels: Support: $220.29: Strong support, aligning with the lower boundary of the channel and the Ichimoku Cloud, which might act as dynamic support. $219.43: Another support level just below, likely an important psychological level. $212.22: Strong support; if price breaks below the channel, this level could be tested. Resistance: $228.38: Immediate resistance where the price previously encountered selling pressure. $234.60: A higher resistance level; a break above could signal a continuation of the bullish trend. $249.89: Major resistance; a target for the bulls if the momentum continues. Technical Indicators: Ichimoku Cloud: The price is above the cloud, which is typically bullish, but the current pullback suggests some consolidation or a possible trend reversal if it falls below the cloud. Trend Lines: The price is nearing the lower trend line of the upward channel, which is crucial. If it holds, it might bounce back to test the upper trend line. Trading Strategy: Bullish Scenario: Entry: Consider entering near the $220.29 support level if it shows signs of holding, with a tight stop-loss just below $219.43. Target: First target around $228.38, and if momentum continues, look for a possible move to $234.60. Exit: Partial exit near $228.38, full exit near $234.60 if resistance holds. Bearish Scenario: Entry: If the price breaks below $219.43 and closes below the Ichimoku Cloud, consider entering a short position. Target: First target near $215.25, and if it continues to drop, a secondary target at $212.22. Exit: Tight stop-loss if the price reclaims $220.29; full exit near $212.22. Rest of the Week: Upward Continuation: If TSLA holds the current support and breaks above $228.38, it could continue higher towards $234.60, and possibly $249.89 if bullish momentum strengthens. Downward Continuation: If the price breaks below $219.43 and closes below the Ichimoku Cloud, a downward trend could be confirmed, with $212.22 as the key level to watch. Monitoring the price action near these levels, especially the interaction with the Ichimoku Cloud and trend lines, will be essential for determining TSLA's direction for the rest of the week.
NASDAQ:TSLA
by BullBear-Insights