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1TSLA trade ideas

Tesla - Possibility Of A BreakoutNASDAQ:TSLA can break out soon: Over the past two weeks we saw an incredible stock market rally and also Tesla completely reversed the flash crash which we saw in the beginning of August. It is still quite possible that Tesla will break out of the long term triangle and immediately head back to the previous highs. Levels to watch: $230, $400 Click chart above to see the detailed analysis👆🏻 Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
tsla C&Hstraight to technicals after tesla made this higher high on my trendline and proved we have an EMA to work on/trendline that it respects i would hope for it to either break through my 222 pivot or at least find support there (level by level) if we can hold the resistance as support and create another higher high we can look upwards to the next levels of 264 ,299 and ofc the 356. The projection of the cup and handle is 78% from current price (cup and handle depth = projection after breakout elon wishes to take tsla to the levels of 400 and based on the companys preformance of their robotaxi and other bots scifi they wish to introduce to the real world we could see this rise to a new ath or ofc.. a big failure to 90.78. companies need to preform to increase, unlike gold or silver or anything that works based on supply and demand so anticipating failure or success is literally impossible but if we believe in the company values in their leadership in their team that could up the chances. so if you trust elon can win the hardships there shouldnt be a reason the projection wouldnt work.
NASDAQ:TSLALong
by Captainobvious5454
Tesla (TSLA) Technical Analysis for August 20-23, 2024Current Market Data Tesla's stock (TSLA) is trading at approximately $222.72, showing a 3.05% increase today. The broader market sentiment, including the S&P 500, has been relatively positive, with major indices closing higher. This upward momentum is largely driven by optimistic expectations around upcoming economic data, particularly from the U.S. and China. Key Economic Events Impacting TSLA FOMC Member Waller's Speech: Any hawkish comments could create volatility in the tech sector, including TSLA, as it may hint at future interest rate hikes. CB Leading Index: A decline of 0.6% signals a potential slowdown in economic activity, which could weigh on growth stocks like Tesla this week​. Technical Analysis Chart Overview: The chart shows TSLA in a rising wedge pattern, typically a bearish signal. Price action is nearing the upper boundary of this wedge, and the stock is trading around a significant volume profile zone between $222.05 and $222.99. There's a visible resistance level at approximately $235.15. Support and Resistance: Immediate Support: $219.82 Stronger Support: $212.29 (also aligning with a lower volume area) Immediate Resistance: $222.99 Critical Resistance: $235.15 Volume Profile: The volume at the $222-$223 range indicates significant trading activity, meaning the price might struggle to break above this level. However, if it does, it could lead to a test of the $235 resistance. MACD: On the 1-hour chart, the MACD is starting to show signs of divergence, which may indicate weakening bullish momentum. Trading Strategy For Tomorrow (August 20, 2024): Bullish Scenario: If TSLA breaks above the $223 level with strong volume, consider a long position with a target around $230, keeping in mind the $235 resistance. Bearish Scenario: If TSLA fails to sustain above $222, watch for a breakdown below $219.82, which could open the door for a move towards $212. For This Week: Bearish Outlook: Given the rising wedge pattern and potential economic headwinds, a bearish bias could be warranted if macroeconomic data disappoints or if TSLA fails to maintain the current upward momentum. Scalping Strategy: Utilize the $219-$223 range for quick in-and-out trades, being mindful of the broader market's reaction to economic data. Conclusion While TSLA has shown strength recently, the technical indicators suggest caution, particularly with the stock trading near the top of a rising wedge pattern. Economic data throughout the week could provide additional volatility, making it important to stay alert to any changes in market sentiment. Suggestions: Monitor economic releases closely; these can heavily influence TSLA's price action. Consider reducing exposure if TSLA starts to break down from the rising wedge, especially with broader market uncertainties.
NASDAQ:TSLA
by BullBearInsights
TSLA is targeting 295 & 330 & 430Hello Traders, I'm sharing a long position on TSLA, and I'll explain my reasoning below. Entry Price: 223 Stop-Loss: 172 1st Target: 295 2nd Target: 380 Reason 1: The price has rebounded from the lower deviation of the uptrend channel (grey), not the lower deviation of the downtrend channel (blue). It is now targeting the upper deviation resistance line of the uptrend channel (grey) at 295. Reason 2: A cup & handle pattern is progressing and will likely be confirmed if the price closes a weekly bar above 253 and the target will be around 330,380 and maybe 430 as shown below NASDAQ:TSLA
NASDAQ:TSLALong
by Eymen-GUVEN
Conviction is everything! From Drawdown to ProfitMy pre-market video prepared us exactly for this move. That is why we had conviction in our trade and allowed the market to do what it has to do! The nature of trading is chaotic - our job as traders is twofold - limit our risk (compared to our reward) and simplify the movement of a chart. While my charts may look anything but simple, if you watch my videos you'll understand just how simple it can be if you are prepared and understand how the market works. Happy Trading :)
NASDAQ:TSLA
by ReigningTrades
Bears disappointed me today I was impressed by the bulls, they just wouldn't let that 199 level go, bears you was right there or what's the play. Yes, I am permabear but it's because I like going straight to the point and I have balls of steel but don't make me beg for pennies chasing calls here if bulls open at 205 and you know the amateur will chase trying to reclaim 208 and next thing you know we at 212,217. Good gameplay but would rather the trendline break and 188 def make sense.
NASDAQ:TSLA
by Mensky_Jwett
Tesla (TSLA) Technical Analysis for August 19, 2024:Chart Overview: Support Levels: 210.58: A significant support level, previously tested multiple times. 186.80: A more distant support, representing a major lower boundary. Resistance Levels: 219.76: Immediate resistance level, just above the current price. 234.60: A key resistance level if the price continues to rise. Trend Lines: The chart indicates an uptrend, with the price pushing towards the resistance levels. However, the price is near the resistance level at 219.76, suggesting a potential pullback if this level holds. Indicators: Volume: There's a notable spike in trading volume during the recent upward movement, which may indicate strong buying interest. Price Action: The price is following an upward channel, suggesting a bullish sentiment in the short term. Catalysts & News: FOMC Member Waller's Speech: Any hawkish or dovish comments could significantly influence TSLA’s direction. A hawkish stance (indicating potential rate hikes) could exert downward pressure on the stock, while a dovish stance (indicating rate pauses or cuts) might support further upward momentum. Psychological Levels: 220: A psychological level near the resistance. If breached, it could lead to a test of 234.60. 200: A round number that often acts as psychological support. Forecast Scenarios for August 19, 2024: Bullish Scenario: If FOMC Member Waller’s comments are dovish: TSLA could break through the 219.76 resistance level, leading to a test of 234.60. A sustained move above this level could signal continued bullish momentum. Bearish Scenario: If Waller’s comments are hawkish: TSLA might fail to break the 219.76 resistance, leading to a potential retracement towards the 210.58 support level. A break below this could see a further decline towards 186.80. Trading Strategy: Long Position: Consider entering if TSLA breaks above 219.76 with strong volume, targeting 234.60. Place a stop-loss just below 216. Short Position: Consider entering if TSLA fails to break above 219.76 and shows signs of reversal, targeting 210.58 and possibly 186.80. Place a stop-loss just above 220. This analysis provides a comprehensive overview based on the current technical setup. Keep in mind the potential impact of FOMC Member Waller's speech, as it could significantly influence market sentiment and TSLA's price action.
NASDAQ:TSLALong
by BullBearInsights
Tesla’s 32% Plunge: A Critical Analysis and What’s Ahead (READ)By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price started a significant decline from the $270 level, just as we anticipated, dropping by over 32% down to $180. At the time of this analysis, no one expected such a steep decline in Tesla's stock, as most were predicting a rise above $300 or even $400. However, the price disregarded the majority’s opinion and followed its own course, resulting in this sharp drop. Currently, the price is around $216, and I expect an initial rise to $233. After that, we'll need to watch how the price reacts to this critical supply zone. This analysis will be updated accordingly. 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 The Main Analysis : ((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
NASDAQ:TSLA
by ArmanShabanTrading
1
TESLA → an upward chancehello guys. let's analysis Tesla 1. Key Levels: Descending Trendline: The blue trendline represents a long-term resistance level formed by lower highs. The price has recently broken above this trendline, suggesting a potential shift in market sentiment. QML (Quasimodo Level): The yellow box represents a demand zone where the price found support and launched the current bullish move. 2. Bullish Breakout: The price broke above the descending trendline, signaling a possible trend reversal. The breakout is marked by a yellow circle on the chart. After the breakout, the price pulled back slightly but remained above the QML zone, indicating strong support. 3. Upside Potential: First Target: The first resistance level to watch is around $325.73. This is a previous swing high and could act as a significant resistance level. Second Target: If the price breaks above $325.73, the next target would be around $402.32, which is another key resistance level from the past. 4. Bearish Scenario: If the price fails to hold above the QML zone and the trendline, it could indicate a false breakout. This might lead to a retest of lower levels, possibly back to the QML zone or even lower. Summary Descending Trendline: A long-term resistance level has been broken, indicating a potential bullish reversal. QML Zone: A strong demand area supporting the current uptrend. Bullish Scenario: Targets are $325.73 and $402.32 if the uptrend continues. Bearish Scenario: Failure to maintain above the trendline and QML zone could lead to a retest of lower levels. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
NASDAQ:TSLALong
by melikatrader94
4
i dont trade stocksThis graph shows an investment plan for me based on trendlines i dont trade stocks but rather buy them at decent prices these trendlines are there since a long time a projected vision of potential bottoms in price based on trendlines on these points i buy it doesnt get easier than that. i never cry on price drops because i always leave money on the side to buy more at the other decent levels. quick note that i buy like this on stocks who already "made it" and ofc based on context. for an instance i didnt buy intel only until recently (19.1 usd per stock) even though it hit my trendline it showed no signs of stopping and high momentoum downward making my trendline a very unattractive buy. in terms of what i would like to see to have my profits made is: tesla rising above the resistance levels and turning it to support, i would believe this to be in the next breakout attempt. from there the sky is the limit. tesla is a company i value very much and believe in and therefore i invest in it. i do think you should only act like that in a company you believe in because this is not trading but investing. my avg profit is 70% over the last 3 years to the current price. where do i want to see tesla next? at a new ath around the 500 usd mark after the introducement of their new products to the markets. what is my medium scenerio? if tesla doesnt reach the new ath target if the new products will only provide hype and not profits, in this case i will sell on the fact, right now we buy the dip before the rumor, when the rumor comes price shall increase. in case of the worst scenerio i will buy on the next trendline at 120 usd and hold until tesla reaches fair value then i will sell all my positions for a profit of all the avg entries. (some will be at a loss and some breakeven but most will be profit) i dont anticipate the future but i damn sure try to invest smart. this strategy i do on many stocks and proved quite useful to me if some of my investments went at a loss others went on a big win. sometimes it makes me frontrun a buy into the fall and i can be somewhat emotional but someone has to buy the dip and i'd rather to be one of these people. now for the TA small as it may be What we see in tesla in terms of price action is that there's a lateral movement for a couple of years with rising support level and a decreasing resistance level. i will not be the one to anticipate the future but any break of these levels to the downside provides an oprotunity to buy the dip. like you can see i've made some pivot points and a trend based fib. the 1.618 is a great confluence of a pivot point to exit from in case of my medium scenerio we will see multiple price breakout attempts until it ultimately fails and try to find the supports. the most optimal area for me to realise profitswould be infinity but in a reality case it would probably be the 2.618 on a new ATH i would have to see how much tesla can revolutionize the markets because when nvidia did so it went to the 1k usd area per stock and im not scared of holding it in this case. signs i look for if im to be out of the investment is if tesla hits a ceiling, multiple breakout attempts and eventually fails on a bad earnings i will quickly sell for profits. I hope this can help you guys in your journys i am not a professional and this is not an advice especially not for trading this is strictly what i do for me. so even if you wont act like me this is a quick view into the mind of a retailer like myself and whether you are smart money or dumb money i hope this will be cool for you to look at
NASDAQ:TSLALong
by Captainobvious5454
TSLA / TESLATSLA (Tesla, Inc.) Stock Analysis: Key Dates and Potential Market Movements: 1. August 23, 2024 - Potential Upside: • Scenario: The chart indicates a potential bullish movement around late August 2024. This could be driven by positive earnings reports, advancements in Tesla’s technology, or an increase in market optimism around Tesla’s leadership in the EV market. • Impact on Price: We might see a short-term rally in Tesla’s stock price, pushing it towards previous highs around the $270 mark. 2. October 15, 2024 - Potential Downside: • Scenario: As we approach mid-October 2024, the chart suggests a potential bearish phase. This could be due to broader market corrections, profit-taking by investors, or any negative news related to supply chain disruptions or increased competition in the EV market. • Impact on Price: Tesla’s stock could see a pullback, potentially testing support levels around $215 or even lower. 3. February 19, 2025 - Recovery Phase: • Scenario: By early 2025, the chart indicates a recovery phase, possibly due to strong Q4 2024 earnings, the introduction of new Tesla models, or significant advancements in battery technology. • Impact on Price: This period might mark the beginning of a new bullish trend, with Tesla’s stock price climbing back towards the $250-$300 range. 4. May 9, 2025 - Consolidation or Continued Growth: • Scenario: The market could enter a consolidation phase, where the stock trades within a range, or Tesla could continue its growth trajectory depending on the broader economic conditions and Tesla’s performance. • Impact on Price: If the market conditions are favorable, Tesla might break out to new highs; otherwise, we could see sideways movement in the $250-$300 range. 5. September 4, 2025 - Potential Market Shift: • Scenario: As we approach late 2025, the chart suggests another critical phase, potentially influenced by macroeconomic factors, such as changes in interest rates or shifts in consumer demand for EVs. • Impact on Price: This could lead to either a breakout to new highs or a retest of lower support levels, depending on the prevailing market sentiment. 6. December 4, 2025 - Year-End Rally: • Scenario: The end of 2025 could see a year-end rally, driven by strong sales numbers, holiday season demand, or favorable policy decisions regarding EV subsidies. • Impact on Price: Tesla’s stock might experience a strong rally, potentially setting new highs or revisiting levels around $300. Considerations for Investors: • Technological Advancements: Tesla’s continued innovation in battery technology, autonomous driving, and energy solutions could be key drivers of its stock price. • Market Sentiment: Investor sentiment around the EV market and broader technology sector will play a crucial role in Tesla’s stock movements. • Geopolitical and Economic Factors: Changes in global trade policies, supply chain disruptions, and shifts in consumer demand could impact Tesla’s performance. Given the potential market shifts and Tesla’s leadership in the EV space, are you considering adding Tesla to your portfolio? How do you see Tesla’s position evolving as we approach key market dates in 2024 and 2025?
NASDAQ:TSLA
by trushkovskiy
Tesla trianglePrice is consolidating in the form of ascending triangle and have resistance at the zone 220. Sustaining above this is important to continue the uptrend. Buy above 220.5 with the stop loss of 218.5 for the targets 222, 224, 228 and 231. Sell below 214 with the stop loss of 215.5 for the targets 212, 210, 208 and 206. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NASDAQ:TSLA
by vanathi
2