TSLA near term predictionTSLA near term prediction. This analysis is for informational purposes only.
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Tesla UpdateIf y'all remember I have been saying for a while now that Tesla was still in a long-term bullish structure. Many people have went back and forth with me with many claiming it will be the next cisco. However, I have held steadfast in my analysis. I would hope that the price action since April would finally open people's eyes to this. Although I thought price would hit the lower end, I called the $130's as a bottom for Tesla at the end of last year / beginning of this year. They have many things going for them that will dramatically increase the value of their company. Tesla is much more than just a car company that sells EV's.
That being said, let's take a look at the more immediate pattern facing us. Currently I have us as either still in wave iv or already starting wave v of 3. Should we be in wave v then we're targeting the area of the 1.618 @ $299.56 next to finish the minor wave 3. If wave iv isn't done yet, then we should drop back down to the $230.06 area at the 0.382 retracement fib. For those haters that read this post (if they actually read it), this doesn't mean we make a b line for these targets. Price moves in cyclical patterns, and this is just a road map with the two possible destinations and not a detailed route of how we get there. This upcoming week we should get our answer on if wave iv is in fact done yet or not.
TSLA LongTSLA is showing signs of a potential reversal after a sharp decline. The price has bounced off the uptrend line and the 232.3 support level, forming a higher low. The 50-bar trend is downtrend, but longer-term trends (150 and 200 bars) remain bullish. The recent green candle with increased volume suggests buying pressure. The entry is placed above the current consolidation, with the stop below the recent low and uptrend line. The profit target is set near the previous resistance around 270. The setup has a positive risk-reward ratio but carries moderate risk due to recent volatility.
{
"direction": "Long",
"symbol": "TSLA",
"interval": "1h",
"entry": 249.5,
"stop": 232,
"profit": 270,
"risk": 1750,
"reward": 2050,
"quantity": 100,
"score": 6
}
Tesla, Inc _ Distribution _ Prices_ July , Week 3_ Under _ TradTesla, Inc _ Distribution _ Prices_ July , Week 3_ Under _ Trading _ Venue _ NASDAQ.
Market currently at the Stage 2 = Advance Stage. Make sure you're within 1D Timeframe.
1st Distribution:
$275.70
$274.73
$275.31 Follow by $276.83
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Retest: $263.71 to $260.89
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2nd Distribution:
$282.54, $282.81
$290.45
$292.03
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Expect mid drop during Week 4,July to the level of $213.
TSLA Ready to Rise
Tesla broke the 2 year downtrend and got support on this trend. It has a chance to double its price in 2-3 years. 240-260 is a very ideal range to enter.
Tesla's recent safety reports and the potential for a possible government deal after the elections (especially after recent events) paint a bright picture, at least in the medium term.
TSL4 optimus is re4dy ?Hello.The rel4x4tion of r4tes 4t the end of the ye4r should 4lloW 4 historic r4lly in techno.
TSLAThis Weekly FORECAST
Opportunity for TSLA. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
TSLA Breakout - Real or Fake?TSLA has been on a huge run since bottoming out before earnings earlier in the year, the bottom just so happened to be right on the major uptrend line from 2020. It has rocketed all the way back up to the top end of the major downtrend from ATH in 2021. Not only that, it has broken above and had a weekly close above. This is a 2.5 year downtrend, if the breakout is real it should lead to significant upside, maybe all the way back to ATH.
I believe this move is largely due to a massive short squeeze. When short squeezes end, there is often a sudden drop because there are no more shorts being forced to cover. We a big drop last week that was largely attributed to an article about a robo taxi delay. I think that's just a bunch of noise, it was always going to have a hard correction after a move like that. The headline is just used to help facilitate the move down. The real question is, does it keep going now or is it a fakeout.
TSLA bounced right on a retest of that major downtrend line, but we'll have to see if it can sustain value up here. If it is a fakeout, that could lead to a quick move back to the lower trendline. Otherwise, it should be a big move up that lasts for months or longer. First upside target from here is the January 2021 ATH around $300, then ATH.
$TSLA not done going higher. $320-$330 by July 24. GET LONGSo we already know that Tesla deliveries came in 9000 more than what was expected, 438,000 expected verse 447,000 that Elon Musk posted on Twitter a couple weeks ago. Last quarter earnings per share of $.47 was slightly missed, and on July 23 they’re expected $.60 per share earnings. So IMO, That could indicate that even a slight earnings beat on revenue and earnings, would propel the stock to complete wave three at 2.618 Fibonacci level.
never mind, the whole Robo-taxi delay, which caused an 8% decline on Thursday along with the rest of the Big tech Nasdaq. I don’t think robotaxi is realistically a factor in their valuation just yet.
TESLAWeekly graph in log.
Linear regression line from the start of the quotation.
We are below one standard deviation from the median.
So for me possible purchasing area.
Make up your mind before placing an order.
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TESLA Massive pump to $360 coming based on historical behaviour.Tesla (TSLA) is recovering today after a sharp pull-back yesterday of around -14%. This marks the stock's first serious correction since the rally started in late June. Ahead of an emerging Golden Cross on the 1D time-frame, we looked at Tesla's similar historical patterns since the IPO that offer remarkable insight.
First and foremost, Tesla's recent pattern has been an Inverse Head and Shoulders (IH&S), which as we've noted on a previous analysis, was its bottom reversal formation that made the price break above the 3-year Lower Highs Resistance trend-line.
Similar IH&S patterns were formed in 2019/20, 2016/17 and 2012/13. So we can claim that there might be a roughly 4-year Cyclical Behavioural Pattern behind Tesla's growth. The word 'growth' is key here as after every such pattern and more importantly a correction of around -15% after breaking above the IH&S, the stock price rallied parabolically into new expansion levels.
As you can see on the 2019/20 pattern the correction was around -10%, on the 2016/17 around -15% and on the 2012/13 around -15% as well. Yesterday's -14% correction along with today's sharp recovery to the 0.5 Fib (losses cut by 50%), seems to fulfil this growth pattern.
As far as a Target is concerned, on all previous cases, the price reached (and even surpasses significantly) at least the 1.5 Fibonacci extension measuring from the pattern's bottom (Head of the IH&S). In 2019/20 it took the price around 1.5 month to approach the 1.5 Fib while in 2012/13 it took roughly 2 months.
As a result, our new medium-term Target on Tesla is $360.00 (marginally below the 1.5 Fib).
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If you missed the short entryStill looking for lower here are some entry positions. lets see what happens
Whether TSLA might be bullish tomorrow?whether TSLA might be bullish tomorrow, let's consider several key factors:
Current Price Action: The price is currently around 236.60, which is slightly above the Value Area Low (VAL) of 235. This can indicate a potential support level, where buyers might step in.
Volume Profile: The significant volume traded around the POC (246) suggests a strong area of interest. The current price being below this level can indicate that there is potential for a bullish move if the price can reclaim this area.
Trend Analysis: The recent trend has been bearish with a significant drop in price. However, after a significant drop, it's not uncommon to see a corrective bullish move or a bounce as traders look to buy at perceived lower prices.
Indicators:
MACD: While the MACD has been bearish, there are signs of potential reversal as the histogram starts to turn positive. This could indicate a slowing down of bearish momentum and potential for a bullish reversal.
Volume: Increased volume on the down move indicates strong selling pressure, but if volume starts to decrease on further declines or increases on upward moves, it could signal a shift towards bullish momentum.
Market Sentiment and News: External factors such as market sentiment, news about Tesla, or broader market conditions can significantly impact the stock's direction.
Bullish Indicators to Watch For:
Support Holding at VAL (235): If the price holds above 235 and shows signs of bullish reversal (e.g., bullish candlestick patterns, increasing volume), it could indicate that buyers are stepping in at this support level.
Break Above POC (246): If the price manages to break above 246 and sustain, it could indicate a stronger bullish momentum, targeting the VAH (260) and higher.
Reversal Patterns: Look for reversal patterns such as a double bottom, hammer candlestick, or bullish engulfing pattern near support levels.
Plan for Bullish Scenario:
Entry: Consider entering a long position if the price holds above 235 and shows signs of a bullish reversal or if it breaks above 246.
Targets: Initial target at 246 (POC), then 260 (VAH), and potentially higher if bullish momentum continues.
Stop Loss: Place a stop loss below recent lows (e.g., below 228) to manage risk.
Conclusion:
While there are potential indicators of a bullish move, the overall recent trend has been bearish. To confirm a bullish scenario, look for signs of support holding, reversal patterns, and increased volume on upward moves. If these conditions are met, it increases the likelihood of a bullish move.
Monitoring the price action and volume closely tomorrow will provide more clarity. If you see these bullish indicators, it could be a good opportunity for a long position. However, always be prepared for both scenarios and manage your risk accordingly.
TSLA: AnalysisOn TSLA yesterday around 3:30 p.m. we had the vwap indicator break with force by a large red candle accompanied by a large red volume and the market went downward.
Furthermore, regarding our analysis today, we can say that if however the vwap indicator as well as the resistance line are broken forcefully by a large green candle accompanied by a large green volume we can consider to have an upward trend. On the other hand, if it is the support line that is broken forcefully by a large red candle and followed by a large red volume, there could be a reversal of the trend. Let's be vigilant...
Python backtesting short sell tradeTSLA have bad news about Robo taxi
this is catalyst for this short sell
If you check RRG chart
you can see that TSLA is one of the most weakest stock compare with S&P500 benchmark momentum in period of 1 year
also I use Python to backtest this bearish candlestick pattern
I found that by setting stop loss 5% and TP 10%
this candlestick pattern have win rate almost 55% which is good for 2 RR ratio
Tesla about to capsize (40x option play inside!)It's going down. As a respected chartist said, :"Anytime NASDAQ:TSLA became this overbought (RSI), stocks imploded."
I think if you bought the $150 August puts for $50, you could get 40x return on your money, I see stocks flash-crashing this month into next.
TSLA : 1Y price Target/ fair Value zoneIn the chart
The 1Y price target / fair value zone has been shown from different sources.
Tesla's Shocking Plunge: Is the Bubble Finally Bursting?This is a Walk through of How i Took Advantage of the Giant Move on TSLA
Current Price Action:
The current price is $240.89, reflecting a decrease of $7.20 (or 2.90%).
Liquidity Zones (LQZ) / Take Profit (TP) Levels:
There are two marked LQZ/TP levels:
LQZ/TP 1 at $263.53
LQZ/TP 2 at $270.21
Support and Resistance:
Multiple dashed lines indicate key support and resistance levels:
$138.36, $142.18, $145.51 (support zones)
$159.45, $168.98, $173.21, $175.92 (support/resistance zones)
$260.27 (resistance)
$300.01 (resistance)
Trend Lines:
A downward-sloping trend line (dashed blue) from previous highs suggests a long-term bearish trend.
Price recently broke above this trend line, indicating a potential change in trend or a strong bullish move.
Candlestick Patterns:
Recent candlesticks show a strong upward move followed by a pullback, which is typical after a strong rally.
Volume:
Volume is indicated, with the latest volume bar showing 6.468 million shares traded.
Tesla can form a big range here.Tesla should form a bigger range here, expecting range top to be around 325 EUR. My previous long term NASDAQ:TSLA forecast is playing out perfectly and wanted to also post it for european followers.
TESLA Buy the dip, correction nearly over. $285 next short-term.Tesla (TSLA) is bleeding hard today but that shouldn't if you got on that rally early like our June 13 (see chart below) buy signal suggested while the price was still trading in the low 180s:
Our long-term Target remains $400.00 and today's sharp correction is nothing but a strong technical buy opportunity. In fact, this pull-back is not stranger to Tesla. The stock has seen a similar rejection near the 2.0 Fibonacci extension during its May - July 2023 rally on the June 21 2023 High.
As you can see, the price declined by -13.00% back to the 1.382 Fibonacci level. At the time of the (temporary High), the 1D RSI was at 89.00, roughly where it got rejected today. The price recovered when the RSI was at 57.00.
As a result, from a R/R perspective, it is worth taking another buy on the current market price and target the 2.236 Fib extension (similar to the JUly 19 2023 High) at $285.00.
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Tesla : Approaching Key Resistance Level After Strong RallyBy analyzing #Tesla 's stock chart, we observe that after hitting the first bearish target last time, the price rose again. However, this time, the price did not drop from that level as we expected. Instead, it managed to rise powerfully to $260! Currently, Tesla is near a significant resistance level, and we need to wait for the initial reaction to this level. This analysis will be updated!
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
TSLA golden fib rejectionLarge cap tech is having the correction I have been calling for for a bit. TSLA and friends are dumping as investors flock to small caps with the recent inflation data. This is another example, we are on a roller coaster, the market gives us signs of the direction, and I have seen golden Fibs rejected many times especially on overheated assets that have huge gains in small timeframes.
-I drew a box of where I think TSLA will fall too around earnings but the cult is strong and this stock could easily rebound
-Most of the top ten stocks are overvalued save maybe amazon and googl imo
Tesla’s Pivot: Getting Ready For a Bullish WaveTesla’s Pivot: Getting Ready For a Bullish Wave
Tesla is testing a very strong support zone which corresponds also to Harmonic Pattern zone.
This could be the perfect time for Tesla to resume the bullish trend again.
During the last 4 months the price decreased by nearly -48% and this could be also a strong reason for the buyers to join the party again.
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❤️
