Tesla (TSLA) 28/10/24Everybody familiar with head. shoulders, knees and toes?
Tesla still at a discount...
My thought on Tesla is that we get 290 before we come back down to test 250-260/s...
NASDAQ:TSLA
#TSLA
TL0 trade ideas
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.
TSLA: Descending Wedge Breakout or Continued Weakness?TSLA is forming a descending wedge pattern, hinting at a potential breakout. With clear support and resistance levels, traders can look for opportunities in both directions. Here’s a detailed plan for scalping and swing trades based on Tesla’s current price action.
Technical Overview:
Market Structure:
Trend: Downtrend with higher lows beginning to form, suggesting potential bullish reversal.
EMA Levels: Price is approaching the 9 EMA (purple) and 21 EMA (blue), indicating a potential test of resistance.
Key Levels:
Resistance Zones:
$321.50 – Immediate resistance near the descending wedge boundary.
$344.50 – Key resistance from prior highs.
$362.50 – Upper resistance and psychological level.
Support Zones:
$302.50 – Immediate support near the wedge’s lower boundary.
$285.00 – Strong demand zone and previous low.
$250.00 – Major support and key demand area.
Supply and Demand Zones:
Demand Zone: $302.50–$285.00, where buyers have shown interest.
Supply Zone: $321.50–$344.50, with heavy selling pressure evident.
Indicators:
MACD: Shows bullish divergence with increasing momentum on the histogram.
Volume: Increasing volume near $302.50 indicates buyer interest.
Pattern:
Descending wedge with potential for a breakout above $321.50.
Game Plan:
Scalping Plan (1-Min and 5-Min Timeframe):
Entry for Long:
Buy on breakout above $321.50 with strong volume.
Target 1: $325.00 (scalp to next resistance).
Target 2: $330.00 (mid-supply zone).
Entry for Short:
Sell if price rejects $321.50 or breaks below $302.50.
Target 1: $300.00 (psychological level).
Target 2: $285.00 (demand zone).
Stop Loss:
Long: Below $319.50.
Short: Above $323.00.
Swing Trade Plan:
Bullish Scenario:
Buy if price holds above $302.50 and breaks above $321.50.
Target 1: $344.50 (major resistance zone).
Extended Target: $362.50 (upper breakout zone).
Stop Loss: Below $300.00.
Bearish Scenario:
Sell if price breaks below $302.50 with momentum.
Target 1: $285.00 (demand zone).
Extended Target: $250.00 (psychological support).
Stop Loss: Above $305.00.
My Thoughts:
For Scalping: Focus on breakouts or rejections at $321.50 for quick trades, using volume confirmation as the key signal.
For Swing Trades: Price action near $302.50 is critical. A breakdown suggests further downside, while a breakout above $321.50 signals bullish continuation.
Directional Bias:
Short-term: Neutral, with a bullish bias if $321.50 breaks convincingly.
Mid-term: Bearish unless price sustains above $344.50.
Actionable Suggestions:
Monitor $321.50 for breakout or rejection signals.
Use $302.50 as the key support for both scalping and swing entries.
Avoid trading within the $302.50–$321.50 range to minimize noise.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Always use proper risk management when trading.
Inverse head and shoulders patterb on TeslaI noticed the previous chart I posted for tesla I accidentally had logarithmic mode turned on so. Wanted to show the more realistic linear chart breakout target here. *not financial advice*
TSLA to 412-415
- After breakout from the falling wedge pattern the target would be $412-$414
- Price should be in this upward channel
- Volume dropped in recent correction (falling wedge), expecting high volume in coming days to
get momentum to upside.
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.
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!✅
TSLAForex trading involves higher leverage (up to 50:1) and 24/5 market access, focusing on currency pair movements affected by economic data, interest rates, and geopolitical events - the key risk is that high leverage can quickly amplify losses, plus overnight positions face swap fees and gap risks during major news. Stock trading typically offers lower leverage (2:1 to 4:1), operates during exchange hours, and focuses on company fundamentals, earnings, and broader market sentiment - main risks include earnings surprises, market volatility, and lower liquidity in individual stocks compared to major forex pairs, while key advantages include better transparency through public financial reports and generally lower spreads than exotic forex pairs.
Tesla forming a Flag pattern on Daily timeframeTesla forming a Flag pattern
On a daily frame, Tesla appears to be bouncing up from the major resistance at 320.
Tesla also appeared strong on friday when the entire market appeared weak.
TSLA AGAIN?After a perfect trade a couple of weeks ago, can we hit it again?
Price pulled back towards the fib golden zone and formed a nice triangle on Friday. Also TSLA showed relative strength compared the overall market. Price has already broken above the trendline, now I am watching this closely above friday's high for another entry
TESLA Long From Support! Buy!
Hello,Traders!
TESLA is trading in a
Strong uptrend and as
The stock will soon retest
A horizontal support of 310$
We will be expecting a
Rebound and a move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
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 bearish gap fill for further highs!? Going along the lines of GAP fills since the beginning of the year #tesla have been filling all the gap fills apart from the last 2 big gaps that happened: .
My thoughts:
- will we see a sell off in the remaining weeks of the year? Fill in the 2nd to last remaining gap and then next year push all the way up to $450
- Do we see the sell off happen till president trump is elected as president and then the stock will fly back to the highs of this year? As Elon is part of D.O.G.E
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TSLA pullback playIt's been a while since I've shared an idea, but here I am bored on a Friday, a day I seldom trade, and thought I'd share an analysis for a TSLA pullback.
TSLA has been one of the hottest stocks but it's my analysis that it's overbought. While it's Bullish overall, in my view it needs to cool off before further upside.
This is strictly an idea, no guarantee that it will playout.
Happy Trading!
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.
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
Ready !!! $366 is my next target - the shorting does not have legs in my Strong Financial Performance
Tesla's Q3 2024 results have significantly boosted investor confidence. The company reported:
A 17% increase in net income to $2.17 billion
Adjusted earnings of $0.72 per share, up from the previous year
Record free cash flow of $2.7 billion and peak operating cash flow of $6.3 billion1
These figures demonstrate Tesla's robust financial health and operational efficiency.
Market Valuation Surge
Tesla's stock has experienced a remarkable rally:
Shares have soared nearly 20% since the Q3 report in late October
The company's market capitalization has surpassed $1.1 trillion
Tesla's value now exceeds the combined market cap of Ford, GM, and Stellantis23
This surge reflects strong market confidence in Tesla's future prospects.
Product and Technology Advancements
Tesla continues to innovate and expand its product line:
Successful launch and production ramp-up of the Cybertruck
75% increase in AI compute training, enhancing Full Self-Driving (FSD) capabilities
Over 2 billion miles driven with supervised FSD, generating $326 million in revenue1
Anticipated launch of a sub-$30,000 vehicle in the near future5
These developments position Tesla at the forefront of the EV and autonomous driving markets.
Growth Projections
Analysts and Tesla management are optimistic about future growth:
Elon Musk projects vehicle growth between 20% and 30% for 2025
Earnings estimates for fiscal 2024 have climbed 8% in the past month
FY25 earnings projections have risen by 4%1
Strategic Opportunities
Tesla's potential extends beyond traditional automotive manufacturing:
Promising prospects in robotaxi services and humanoid robotics
Continued benefits from regulatory credits, supporting profit margins
Rapid growth in the energy storage sector, with revenue up 52% in Q312
Favorable Political Landscape
The current political environment may benefit Tesla:
Potential for reduced regulatory hurdles in autonomous and AI technologies
Possible positive impact on US-China relations, given Tesla's significant presence in the Chinese EV market23
In conclusion, Tesla's bullish outlook is underpinned by strong financial performance, technological advancements, and favorable market conditions. With its diversified business model and innovative approach, Tesla appears well-positioned for continued growth and market leadership in the coming years.opinion.
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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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!
TRUMP VICTORY LEADS TESLA STOCK TO THE HIGHS... WHERE TO NOW??Elon Musk has been the key pillar of President Trumps campaign, now that the outcome is clear investors should see an end to federal law fare against Musk's from X and Neuralink and TESLA INC. Expected tariffs against China should give Tesla ample room to prepare its next lineup of affordable EVS such as Model 2, without having to resort to aggressive profit cutting.
If Tesla materializes its robotaxi served by robustly implementing FSD,TSLA stock price could turn out to be at ban extreme discount at present so keep buying in as these factors are yet to be priced in. The company crossed the $1tn valuation for the first time in more than 2 years.
TECHNICAL:
on the weekly time framed we are faced with short end w pattern with the resistance of 385 this is the area we may see it retest/ reverse back to the neckline /support of 266-250 then from here it can continue going up again. this is also trending in a bullish pennant signalling major bullish signs.
$TSLA - support at $307 and $300TSLA - Stock pulling down on End of EV credit news. Stock has long term trendline support at $307.30 if breaks we can see $305 and $300. added puts in group. If stock fails $300 we can see $280. Stock is strong on indicators not looking for bigger pull back here.
