RoboTaxi ContinuationIf we lose the 222.16 set of lows very early this morning we can see a continuation back down much closer to where the robo taxi rally began from.
TL0 trade ideas
TSLA: Sell ideaSell idea on TSLA as you can see on the chart because we have the breakout with force the support line and the vwap.
Tesla (TSLA) Shares Fall After ‘We, Robot’ PresentationTesla (TSLA) Shares Fall After ‘We, Robot’ Presentation
On 10 October, at the Warner Brothers studio in Burbank, California, Elon Musk unveiled three products during the presentation of “We, Robot”:
→ Cybercab – an autonomous robotaxi that Musk claims will be produced in very large quantities.
→ Robovan – an autonomous bus capable of transporting 20 people or cargo, with an expected price tag of under $30,000.
→ Optimus Gen 2 – humanoid robots that participated in the event, with Musk showcasing a video of how Optimus can be used in home settings.
Elon Musk stated that Tesla anticipates the arrival of fully autonomous vehicles without supervision in Texas and California by next year.
Despite the revolutionary nature of the products presented under the Tesla brand, investors seem disappointed, as TSLA shares are trading around $225 in pre-market today, down from over $238 at yesterday's close.
Technical analysis of the Tesla (TSLA) stock chart indicates that the ascending channel (marked in purple), which has guided the price upward since August, may break downward at the market open today.
From a broader perspective, TSLA shares are within a wide ascending channel (shown in blue) – the bearish momentum following the “We, Robot” event could potentially push the price down to the lower boundary, further distancing it from resistance at the $260 level.
Investors may reevaluate their initial reactions to the unveiled Cybercab, Robovan, and Optimus. Nonetheless, the current decline in TSLA's stock price serves as a warning ahead of the earnings report scheduled for 23 October.
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.
TSLA for Tomorrow (11/10/2024)Key Levels:
Support:
$232.46 (marked as the current low).
$239.68 is another significant support level based on the red line drawn.
Resistance:
$249.89 and $252.14 are key resistance levels indicated by the blue lines.
The price is currently battling around $241.05, which can act as an immediate resistance level based on recent rejection.
Volume & Indicators:
The volume a spiked during market hours, but it has tapered off slightly. This suggests that while there is still activity, momentum might be slowing.
MACD shows a significant dip into the negative area, which could indicate bearish momentum, but there are signs of consolidation. If this negative momentum starts reversing, it could give an indication of a potential upward move.
Trend Analysis:
There seems to be a downtrend forming based on the sloping white line, but the price is attempting to break out of this trend. If TSLA can break above $241.05 convincingly, it may retest $247.45 or even the higher resistance levels at $249.89.
What I think is TSLA is neutral to slightly bearish outlook short term, especially if price fails to break above the immediate resistance levels.
Strategy for Tomorrow:
Bullish Scenario:
A break above $241.05 with strong volume could signal an opportunity to go long, targeting the $247.45 level, with $249.89 as a secondary target.
Bearish Scenario:
If the price continues to reject at $241.05 and falls below $239.68, a potential short trade could be considered with $232.46 as the target.
Neutral/Range-bound:
If the price consolidates between $239.68 and $241.05, it might be best to wait for a clearer breakout before entering a position.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. Trading stocks involves risk, and you should consult with a financial advisor to determine the best strategy for your specific circumstances.
$TSLA Buy the Rumor, Sell the News. Welcome to another edition of NASDAQ:TSLA buy the rumor, sell the news event live from California from the Warner brothers studio where we are sure to see plenty of on screen magic and prototype 's galore.
The Fraudfather Elon Musk is dug into his hasty and no good bag of tricks again for the benefit of his pockets.
This time he was goaded into revealing a prototype for the "RoboTaxi" He originally didn't have a concept for until a few months ago.
The fact of the matter is we have rumors, news and technical breakouts to watch for in this stock. NASDAQ:TSLA has a significant and parabolic rally when Mr. Musk denied the rumors of no having a RoboTaxi concept and hurried to put one together as proclaiming he would reveal it to us in August.. which never happened.
Now here we are in August where investment firms and hedge funds are going to sell the news of the event live on your portfolio overnight starting at 10pm.
NASDAQ:TSLA has a classic and very predictable few fun facts about these technical wedges it loves to form on any time frame. If this holds true to form, we will either get an Early breakout of this wedge which is classic NASDAQ:TSLA price action. Or we will compress for one more wave to the bottom of this wedge for a Third touchdown higher low which is also classic to NASDAQ:TSLA price action.
Once this last bottom is in we can fully expect 2025 to be an amazing year for NASDAQ:TSLA as the Technical breakout of a high timeframe chart concludes.
In spectacular fashion we will find ourselves at or near the price target of 600$ Concluding a very measured and long awaited move.
Buy the trend, not the news.
TSLA: Last Chance to React Above Support Level! (D&W charts)In our last public study (Sep 25), we identified resistance at $265 as a key point for us, and that if a correction were to occur, the area around $233 would be our next support point.
Now, we've reached our target at $265, and corrected up to our support point, according to plan. So we should update our key points.
The link to our latest TSLA study can be found below this post.
Daily Chart (Left):
Main Resistance Level: The stock faced resistance around $265.13, which it tested multiple times and failed to break through. This level marks a critical barrier for further upward movement.
Mid-Term Support Level: Tesla is currently trading around the main mid-term support at $233.60. If this support fails, it could lead to further downside momentum.
Short-Term Bearish Pressure: The price has recently broken below the 21-day EMA, which could indicate a potential short-term bearish trend forming. Maintaining above $233.60 is crucial for bulls to defend this support zone.
Weekly Chart (Right):
Critical Resistance Zone: On the weekly chart, $265.13 is highlighted as a critical resistance, which has now formed a triple-top pattern. This pattern typically signals strong selling pressure, suggesting that a clear breakout above this level would be necessary for further bullish continuation.
21-week EMA: If TSLA fails to hold above the $233, then a pullback to the 21-week EMA will likely occur. If TSLA fails to hold above this support, then a sharper correcction to the $182 could happen, our next support level.
Summary:
Tesla is at a pivotal point, trading between a strong support ($233.60) and a critical resistance ($265.13). A break below $233.60 could trigger a deeper pullback towards the $182.00 area, while a successful hold and bounce from this level would keep the bullish structure intact. For the bullish scenario to regain control, a confirmed breakout above $265.13 on the weekly timeframe is required. We should monitor these key levels for the next directional move.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
TSLA - Much awaited retest, doneeTSLA$ was waiting for that 234.6$ level retest. BIG level. Finally its time to move up. Perfect timing with the ROBOTAXI event ahead.
TSLA Keep Falling Ahead of the Robotaxi EventTesla (TSLA) has been experiencing a notable drop, currently trading at $233.72, down 3.04%. A look at technical indicators across multiple time frames reveals persistent selling pressure:
NASDAQ:TSLA Indicators:
2-Hour Indicators:
Relative Strength Index (RSI) is at 29.50, approaching oversold levels, indicating potential exhaustion in the selling pressure but not yet confirming a reversal.
MACD remains negative at -2.55, signaling continued downward momentum.
Exponential and Simple Moving Averages across multiple periods (10, 20, 30) are all showing a "Sell" signal, highlighting a bearish trend.
Momentum (10) is at -7.86, also pointing to weakening price action.
30-Minute Indicators:
RSI at 24.29 is deep in oversold territory, suggesting the possibility of a short-term rebound or consolidation.
The MACD is negative at -1.32, reinforcing bearish momentum in the short term.
Both the Exponential and Simple Moving Averages (10, 20, 30) reflect consistent sell signals.
Conclusion:
Tesla's current price action is under significant downward pressure, with multiple indicators pointing to further declines. However, with the RSI nearing oversold levels on both short and medium-term time frames and the highly anticipated Robotaxi event scheduled for later today, increased volatility is almost guaranteed. This event could serve as a potential catalyst, either stabilizing the stock if news is received positively or leading to further declines if market expectations aren't met. Caution is advised as the stock navigates this critical juncture.
TSLA GOOD R:R LONGTaking a TSLA LONG right here at 240, touched 100ma and has a bullish rsi div.
US indicies also look good to rebound.
Target 1 is 250
target 2 262
R:R 4
SL close under 100ma
Beware of earnings in 2 weeks.
TSLA - UniverseMetta - Signal#TSLA - UniverseMetta - Signal
D1 - Formation of the 3rd wave and exit from the channel.
H4 - A triangle formation has formed.
Stop for the 2nd wave on D1.
Entry: 237.77
TP: 232.14 - 220.50 - 210.55 - 193.84
Stop: 252.79
TESLA 4 Hour: CORRECTING OR MOVING UP HIGHER ??? Good morning
in this video I go over the zone we are currently in with Tesla and some ideas on what could happen if we break this zone ie going up or correcting down
Enjoy the video
MB Trader
TSLA Technical Analysis for Tomorrow (10/10/24)Current Levels:
Support: The key support levels to watch for TSLA are around $240.36 and $239.47. A break below this could potentially bring the price down to test $237.83.
Resistance: The primary resistance levels are at $241.58, followed by $244.60 and $246.23. A move above $252.14 would signal a breakout.
Trendline: The downtrend line is still in place. TSLA needs to break and hold above this trendline for a bullish reversal confirmation.
Volume & MACD:
The volume has been gradually declining, indicating indecision in the market.
The MACD shows signs of a potential bullish crossover, which could signal upward momentum, but confirmation is needed.
Tomorrow's Focus:
Watch for a potential breakout above the trendline around $241.58.
Be cautious of a breakdown below $239.47, which could lead to a further pullback.
Disclaimer: This is not financial advice. Always perform your own research or consult with a professional before making any trading decisions.
I call this one, the 'shooting myself in the foot'...NASDAQ:TSLA
CALL CREDIT SPREAD
+1 $275 call 10/11
-1 $260 call 10/11
Credit = $500
RISK = $1,000
R:R = 2:1
(if things go south, (as in price north), the trade is rollable, probably)
TSLATsla breaking 240 can see a retest of 230 filling the gap then potentially bouncing there towards 253.40 and 260.
TESLA: 4 Hour DOWN TO THE 5 MINUTE MUST WATCH FOR WHATS NEXTMORNING TRADERS
currently this video is an extension of my last Tesla video I did we are are still trying to go to: will be break up and hit our 272 target or will need a bit more correcting to do before we can try our hands at the long trades.
I break this video down for you to give you the best insight into the best levels to look for if you trying to trade Tesla and why
Enjoy
MB Trader
Happy Trading
Tesla 4 hour-5 min: Are we going up to 272??Good morning traders
alright what is Tesla doing??? From what my thesis is are we finishing our 4th wave down or do we have some more correcting down to do before we reach for the goal of 272 that is the question.
I break it down for you in the video nice quick and short one for you
If you found the video helpful: like boost comment give me your thoughts in the comments below
Happy Trading
MB Trader
TSLA: Buy ideaBuy idea on TSLA as you can see on the chart because we have the breakout of the vwap indicator and the resistance line.
TSLA Exit SignalThe Bullish Movement has completely overturned. The Price movement has also become very choppy.
TSLA Exit SignalBullish momentum has waned, and a strong retracement is being seen, hence the Exit Signal
TSLA Bullish EntryThe Tenkan Sen is above the Kijun Sen. In this Ichimoku Kinko Hyo Setting, it indicates a short term momentum, which is long.
