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TESLA INC. DL -,001TESLA INC. DL -,001TESLA INC. DL -,001

TESLA INC. DL -,001

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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
$TSLA #InvH&S Base to $300 and #BeyondNASDAQ:TSLA is setting up a very nice potential Inverse Head n Shoulders Pattern... Technically you want to wait for the "neckline" to break before entering. Personally I'm looking at playing it into the neckline and #Beyond... In this specific area "A Gap Above 235 would be #Perfect" ... JPow Tomorrow will be #Interesting -Proph PS: If history repeats, expect more of the same (Bullish), Lies, CPLies, Employment Number Lies, etc... But Trump floating rumor about them "revising" and his history of "I hate to say I was right's" ... He's also been floating the idea of 29' style crash... The #Board feels like it's setting up a massive rug pull at some point, doesn't have to be tomorrow... Stay #Alert , no time for #Complacency imo , they practiced/rehearsed the Rug Pull that other Monday to #Perfection...
NASDAQ:TSLALong
by Prophecies_R_Us
7
New high for 3 days straight.... aGaIn ToMoRrOw ? Bow down to the bulls, cant even hate because I ate with them too (bars). Tesla is bullish in my opinion and as we all can see, they are getting close to the target I've stated the last few days and if you a bear, watch if they reject at 226 but I don't really think there will be an issue until 233. I really want the bears to react in that area... scare them a bit-make them sell a bit at 233 and hopefully bears can have fun, potentially do a retest at 216
NASDAQ:TSLA
by Mensky_Jwett
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 - Cup and HandleWell it's been a long and slow process for Tesla to get to this point and with so many problems and so much potential it doesn't take much to keep investors interested. Though for everyone buying, somebody is selling. So as October nears with the Robo-Taxi reveal, even though a true and perfected version of the FSD Technology may be 3 years away for these to be road tested and verified we can have hope and a little excitement for the Journey. As well Elon Musk does like to pull a rabbit out of his sleeve once in a while and it certainly has been a while. We shall see. In the meantime however the chart is showing a massive Cup and Handle Pattern with a recent breakout and closing in now for a potential retest at $260 and a long term target price at $328. Is the target for this year or perhaps next year, that I can't answer for you but I'm going along for the ride.
NASDAQ:TSLALong
by grahammk
4
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 BullBear-Insights
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