$TSLA #Tesla Inverse Head & ShouldersNASDAQ:TSLA #Tesla Inverse Head & Shoulders
The Inverse Head & Shoulders pattern is a popular technical analysis indicator used to predict a reversal in a downtrend. Here's a description:
### Inverse Head & Shoulders Pattern
The Inverse Head & Shoulders pattern is a bullish reversal pattern that often marks the end of a downtrend and the beginning of an uptrend. It consists of three main components: two shoulders and a head, formed by three successive troughs with the middle trough (head) being the deepest.
#### Key Features:
1. **Left Shoulder:**
- The price declines to a new low and then rises to form a peak.
2. **Head:**
- The price falls again, creating an even lower trough (the head), and then rises once more.
3. **Right Shoulder:**
- The price declines for a third time but does not fall as low as the head, forming the right shoulder, before rising again.
4. **Neckline:**
- A horizontal or slightly upward-sloping line drawn through the peaks between the left shoulder, head, and right shoulder. This line acts as a resistance level.
#### Trading the Pattern:
- **Identification:**
- Look for a clear formation of the left shoulder, head, and right shoulder during a downtrend.
- **Neckline Break:**
- The pattern is confirmed once the price breaks above the neckline. This breakout signals a potential reversal and is considered a buying opportunity.
- **Volume:**
- Volume typically decreases as the pattern forms and then increases on the breakout above the neckline, adding validity to the reversal.
#### Measuring the Target:
- **Price Target:**
- The projected price target is typically calculated by measuring the distance from the bottom of the head to the neckline and then adding this distance to the breakout point at the neckline.
#### Example:
If the bottom of the head is at $50, the neckline is at $60, the difference is $10. If the price breaks the neckline at $60, the target price would be $70 ($60 + $10).
### Summary
The Inverse Head & Shoulders pattern is a reliable indicator used by traders to identify potential reversals from bearish to bullish trends. When identified correctly, it provides a clear signal to enter long positions, aiming for the measured target based on the pattern's structure.
Tesla
$TSLA bottoming soon around $131-137 and then push to $200?NASDAQ:TSLA looks to be close to making a short term bottom.
Thinking we could see price find support in the $131-137 range and then with earnings see a push to $200 or so.
NASDAQ:TSLA has been the leader to the downside and it looks to be nearing exhaustion. Would make sense for the leader to the downside to end up being the leader to the upside should the reaction to earnings be positive.
Let's see. This week should be telling on the directional move for equities.
TESLA It has begun...Tesla (TSLA) is on almost a +5.00% rise today an aggressive reaction to the market news and technically extending an Inverse Head and Shoulders (IH&S) pattern as we mentioned on our previous analysis (see chart below):
It is a good time to shift to the longer term time-frame of 1W, where this IH&S pattern is a bottom formation that Tesla has registered before all of its major long-term rallies. The one that looks from cyclical start to finish with today's pattern is the period of 2014 - 2016.
Once the price broke above the 1W MA50 (blue trend-line) on that pattern, Tesla started a rally that peaked on the 1.382 Fibonacci extension level. Observe similar the 1W RSI patterns are as well between the two Cycles.
If the stock repeats that Fibonacci target, we can get a price as high as $700.00. That is of course a very optimistic scenario but even the more pessimistic one, has a (dotted) Channel Up targeting its top on the 3.5 Time Fib at around $400, which is almost the All Time High (ATH) for Tesla.
As a result, we see $400 as a real posibility for the end of the year.
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XAU/USD: Gold Update, Testing Key Levels, Potential for RecoveryBy analyzing the #gold chart on the 4-hour timeframe, we can see that after hitting the third target of $2337 from our last analysis, gold faced heavy selling pressure and failed to reach the subsequent targets. Following this, gold experienced a significant drop, correcting down to $2304, and has since seen renewed demand after gathering liquidity below this level. Currently, gold is trading around $2315. We need to see if the price can stay above this critical level for the next 8 hours. If the price falls below $2309 again, it will likely enter the $2200 range. However, if gold can stabilize above $2320, we might see it rise again to $2329. 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
TSLA : Big Resistance Ahead ? (READ THE CAPTION)By analyzing the #Tesla stock chart, we can see that the price has once again reached the supply zone at $185 and has been unsuccessful in breaking through the resistance. For this reason, our previous analysis remains valid. We need to see when this decline will finally start! The supply zone is between $191 and $206, and the bearish targets for this stock are $168, $153, and $139 respectively.
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
XAU/USD : GOLD will Rise Again ? (READ THE CAPTION)In our latest analysis of the gold chart on the 4-hour time frame, we observed an intriguing price movement. After climbing from $2336, gold faced a correction, dropping to $2315. However, it quickly rebounded with renewed demand, reaching around $2320, and is currently trading at $2319. Gold is now sitting in a crucial range. If it maintains support between $2309 and $2316, we could see an exciting upward trend. Potential targets are $2323, $2328, $2337, and $2342. Stay tuned for updates on this analysis!
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
Tesla's Robotaxi Event: Alphabet's Waymo Could Be the Real WinneTesla's upcoming Robotaxi event on Aug. 8 has the potential to spotlight Alphabet's Waymo division. While Tesla garners attention for its self-driving car ambitions, Alphabet's Waymo already operates autonomous taxis across the U.S. Analysts suggest that renewed interest in Waymo could significantly boost Alphabet's stock. The autonomous vehicle market is vast, with potential revenue in the billions. As both companies vie for a share, Wall Street sees self-driving cars as a trillion-dollar opportunity.
TSLA : its now or never!TSLA is coiling to make a large directional move.
The Question is...up or down?
With August appraoching quickly, this could be a key pivotal shift in TSLA business model
Once they announce their ROBO - TAXI, this could be a huge winning success for the company and stock .
A ROBO - TAXI could be a mega disruption for many sectors and companies.
I think theres a strong chance that investors are going to start bidding up this name ahead of that 1st week of August in anticipation of the massive launch.
Keep in mind with every new launch comes hiccups and capital expenditures so its not always smooth sailing.
Lets face it though...no other company has attempted this yet and if anyone can have success it would be Elon.
I also think now that Elons pay package has been approved, he really is incentivized to grow this business.
Will his Optimus Robot be the new taxi, uber or Lyft drivers?
Chapter 10 | Tesla Bankruptcy Update - Next Stop: Ch. 11I first identified the Tesla short in April 2022 (linked to this post).
Since then we have seen a -75% selloff, followed by a ferocious BAILOUT in January 2023, only to be left for dead at -55% from ATH.
Although the Elon-EV cult remains in utter denial, the facts are the facts. Electric vehicles, car vending machines, "the future", robots, aliens, crypto trucks, crypto wallets, crypto dipto, whatever other narratives correlate, are all done. Over.
... wait a minute.. wait a minute..
Am I suggesting that Tesla was actually "bailed out". Yes.
Think about it. This cult has become so far-reaching that people were allocating significant portions of their retirement into the Tesla #EV #cult #fantasy... that's a problem. So the company was bailed out in January 2023, some time was "bought", and now here we are. Going nowhere 🤣, as the market enters yet another correction / selloff phase. Only this time, there won't be a multi-trillion dollar stimmy-bailout.
Ya'll, this market is SATURATED with fraud and tall tales. Example:
Tesla is valued higher than the "Big 3" combined. But Tesla 🤣 has less than 6% of the automotive market share. Think about that. This is a level of speculation that makes 1929 look like a game of Candyland... all thanks to podcasts and social media.
TESLA My Opinion! SELL!
My dear subscribers,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 182.99 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 178.20
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Fundament and vision over hard data ? NASDAQ:NVDA NASDAQ:TSLA
Taking a quick look at the two technological giants, we could say that NVIDIA´s massively beating Tesla in a straight line. Not only Tesla, but the whole market´s badly beaten by this huge company.
NVIDIA earned around 186% YTD . On the other hand Tesla is down around 29% YTD.
DATA
Current biggest company of the world, which NVIDIA has became few days ago, has been reporting amazing data throughout the year. Huge sales, incredible earnings and breathtaking margins !
On the other hand, Tesla´s reported the worst numbers since the meeting held in June 2023. There are many factors that have affected the numbers of these companies. Especially the uncertainty about China, the EV price war in Chinese market and the impact of tariffs imposed by US and EU on EVs. Moreover AI boom and demand for chips helped NVIDIA to rise.
RECAP
Tesla reported:
Revenue: $21.3 billion
Net Income: $1.13 billion
EPS: $0.34
Tesla's revenue and net income declined significantly compared to Q1 2023
NVIDIA reported:
Revenue: $26.0 billion
Net Income: $14.88 billion
EPS: $0.61
However there are many questions to be answered. Are Nvidia´s margins sustainable in long-term ? What if demand for chips decreases ? What if long-awaited AI bubble bursts one day ?
I highlighted with vertical lines on the graph reaction of these two stocks after last earnings reported:
1. Tesla stopped his downward plunge and stabilized between 170 and 190.
2. NVIDIA has rocketed upward
Is it all about key numbers ?
In my opinion investors still react wisely on incoming data and many of them rely on it. However other factors can move the price such as fundament, management and CEOs and their visions.
It´s the vision of Elon Musk that keeps Tesla at its current valuations. He tries to persuade stakeholders and potential investors that company is more than EV maker. He talks about software company aiming wider like building artificial intelligence, robo taxi and AI for all of us and around us.
It´s nothing new, Tesla´s basically built entirely on Elon´s vision. So far it´s paying off. Until when ? Don´t take me wrong. I´m a fan of Elon´s visions and hopefully they manage to make it true. It seems to be long run, BUT THAT´S INVESTING !
NVIDIA seems to have less persuasive vision and investors rely more on key financial numbers and definitely some of them just have jumped on trend leading by AI boom.
Who will be a winner in long-term ? We could only guess. However proofs speak clear, NVIDIA is one and only winner in battlefield.
What´s your strategy in long-term investing ? Are you "fundamental guy" , "vision guy" or "data guy " ? Or do you look at it as a whole thing ?
Let us know, feel free to share your opinion in comments
Let´s talk about it
NVIDIA 176% YTD GAINS 2024 NASDAQ:NVDA 🚀 NVIDIA’s Stellar Ascent: A 176% YTD Surge! 🚀
In the high-stakes world of tech stocks, NVIDIA has emerged as the year’s undisputed champion, boasting a jaw-dropping 176% increase in its stock price year-to-date. Here’s a snapshot of why NVIDIA is the talk of Wall Street:
Market Cap Milestone: NVIDIA has not only skyrocketed in stock value but also achieved a monumental market cap of $3.335 trillion, surpassing tech giants like Microsoft to become the most valued company in the world.
Stock Split Magic: The company’s recent 10-for-1 stock split has made its shares more accessible to a broader range of investors, fueling the fire of its already impressive rally.
Generative AI Gold Rush: NVIDIA sits at the forefront of the generative AI revolution, with its GPUs being the powerhouse behind the scenes. This sector is projected to reach a staggering $967.6 billion by 2032, and NVIDIA’s leading-edge technology is poised to reap the benefits.
ETF Rebalance: A leading tech ETF has shifted its balance, significantly increasing its stake in NVIDIA. This strategic move involves a massive $23 billion stake exchange, highlighting the confidence investors have in NVIDIA’s future.
Wall Street’s Vote of Confidence: Analysts are bullish, with predictions that NVIDIA’s stock could soar to $200. The consensus is clear: NVIDIA is expected to dominate the computing market for the next decade.
TSLA / NVIDIA / INTC - The rotation trade?TSLA has been upderperfing the market, but is now showing some signs of potential life since Elon musks pay package was approved.
A bullish breakout pattern is on watch.
NASDAQ:INTC looks ready for a bullish move. Just like NASDAQ:ADBE & NASDAQ:TSLA popped on earnings, it looks like NASDAQ:INTC could be the next oversold S&P500 stock to bounce.
If we see any weakness in NASDAQ:NVDA we may see capital rotate into other cheaper semis.
S&P500 setting nee ATH.
Look at TSLA - While holding BTC and regretting not loading upWell, I finally got in to something else in addition to BTC.
Any way, bull flag + destined to hit downward trendline
AND don't forget about yada yada catalysts.
Let's see how this trade goes.
I technically started at 145 but average is 161 now.
I plan to ride it as long as it's trading above 21 week MA now.
Tesla Sues Matthews Over EV Battery Trade SecretsTesla ( NASDAQ:TSLA ) has taken legal action against its former supplier, Matthews International, in a California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with Tesla's ( NASDAQ:TSLA ) competitors. The lawsuit, filed in the U.S. District Court for the Northern District of California, claims that Matthews owes damages exceeding $1 billion for misusing Tesla's trade secrets concerning dry electrode battery manufacturing technology.
Matthews, a Pittsburgh-based company that started supplying manufacturing machinery to Tesla ( NASDAQ:TSLA ) in 2019, allegedly shared Tesla's innovations related to dry-electrode coating with unnamed competitors. This technology is crucial for reducing the size, cost, energy consumption, and production cycle time of battery manufacturing plants, while enhancing the energy density and power of battery cells.
According to the lawsuit, Matthews not only shared Tesla's trade secrets but also claimed Tesla's inventions as its own in patent filings, revealing confidential Tesla information. Tesla is seeking the court's intervention to prevent Matthews from further misusing its trade secrets, compel Matthews to surrender its patent applications, and claim monetary damages.
As of now, representatives from Matthews and attorneys and spokespeople from Tesla ( NASDAQ:TSLA ) have not responded to requests for comments on this matter.
Technical Outlook
Tesla Inc. (TSLA) stock is up 4.48% in Monday's market trading with a Relative Strength Index (RSI) of 58.34 which is poised for further gains and if Tesla Inc. should win the case against Matthews we should expect price impact.
NIKE 100 AFTER EARNINGS ? Nike’s stock has the potential to reach $100 after earnings due to several key factors highlighted in recent financial reports and analyses:
BY CAFE CITY STUDIO 2024
Earnings and Revenue Beats: Nike’s fiscal Q2 results showed a 17% year-over-year growth in sales, surpassing Wall Street’s expectations. This positive performance, along with earnings per share (EPS) that edged up 2%, has been a significant catalyst for the stock’s rise.
Raised Full-Year Revenue Guidance: Management’s decision to raise the full-year revenue guidance reflects confidence in Nike’s financial outlook and can be a strong indicator for investors, signaling potential growth and stability.
Cost Reductions and Margin Improvements: Nike executives have mentioned that product costs are expected to fall in the second half of the year, along with a more favorable foreign-exchange environment, which could lead to improved margins.
Strategic Business Adjustments: Nike is adapting its sales strategy by planning for near-term sales declines at major partners like Foot Locker. This recalibration aims to reduce dependence on third-party retailers and increase direct sales, which could enhance profitability.
Market Position and Brand Strength: Despite stiff competition and weaker demand, Nike’s enduring brand appeal and shift towards more casual gear position it well to capitalize on market trends.
Innovative Product Offerings: Nike’s focus on serving specific consumer segments, such as women and everyday runners, and expanding into fast-growing segments like trail running, demonstrates its commitment to innovation and market expansion.
Tesla at a Crossroads: Slowing Growth But High Future HopesTesla, the world's leading electric vehicle manufacturer, is presenting a mixed picture to investors. While the company is still experiencing revenue growth, profitability remains a challenge, and the stock price has dipped significantly in the past year.
Growth on Autopilot?
Tesla's revenue has grown 10.12% year-over-year, reaching $94.75 billion over the trailing twelve months. However, this growth has slowed down compared to historical levels.
Earnings in the Red
A major concern for investors is Tesla's current lack of profitability. The company reported a negative EPS (earnings per share) of -$22.67 over the past year. Despite a positive gross margin of 17.78%, high operating expenses seem to be eating into their revenue.
Is the Stock Overvalued?
Tesla's P/E ratio (price-to-earnings ratio) sits at a high 45.49. This suggests the stock might be overvalued based on current earnings. However, the forward P/E of 54.06 hints that investors are anticipating significant future growth.
Other Signs to Consider
The analyst recommendation for Tesla is currently a cautious 2.62, leaning towards a "Hold" position. The high beta of 2.31 indicates the stock is more volatile than the overall market. Short interest, at 3.65%, suggests some investors are betting on a decline in the stock price.
A Look Ahead
Tesla's future hinges on its ability to improve profitability. Can the company achieve consistent earnings and justify its current valuation? Maintaining its historical growth rates and navigating competition from other EV manufacturers will also be crucial factors.
Overall, Tesla remains an intriguing but risky investment. Investors should carefully consider the company's financial health, future prospects, and their own risk tolerance before making any decisions.
Disclaimer:
This content has been automatically generated by an AI system and should be used for entertainment purposes only. It should not be used for any other purpose, such as making financial decisions. The information provided may contain errors, inconsistencies, or outdated information. It is provided as-is without any warranties or guarantees of accuracy. We disclaim any liability for damages or losses resulting from the use or reliance on this content.
Can Humanoid Robots Propel Tesla to a $25 Trillion Market Cap?Elon Musk's Optimus Gambit: Can Humanoid Robots Propel Tesla to a $25 Trillion Market Cap?
Elon Musk, the ever-optimistic CEO of Tesla, sent shockwaves through the financial world at the company's 2024 annual shareholder meeting. He claimed that Tesla's humanoid robots, codenamed Optimus, have the potential to skyrocket the company's market capitalization to a staggering $25 trillion – a figure exceeding half the current value of the entire S&P 500! This ambitious statement has ignited a firestorm of debate, with analysts and investors left to ponder the feasibility of Musk's vision.
Tesla's current market cap sits around $580 billion, a significant achievement but a far cry from Musk's $25 trillion target. To reach that level, Tesla's stock price would need to undergo a monumental increase. For context, the entire S&P 500, a collection of the 500 largest publicly traded companies in the US, boasts a market cap of $45.5 trillion. For a single company to surpass half that value signifies a monumental shift in the technological and economic landscape.
Musk's optimism hinges on the capabilities of Optimus robots. These machines, still under development, are envisioned as general-purpose humanoid robots capable of a wide range of tasks. At the shareholder meeting, Musk offered glimpses of a future where Optimus robots seamlessly integrate into human lives, performing everything from domestic chores and factory work to potentially even childcare and education.
If Tesla can deliver on these promises, the ramifications could be immense. Imagine a world where tireless robots handle repetitive and potentially dangerous tasks, freeing up human labor for more creative and strategic endeavors. Manufacturing could be revolutionized, with robots handling intricate assembly lines with unmatched precision and efficiency. The potential economic benefits are undeniable, and this is likely the vision that fuels Musk's bullish prediction.
However, skepticism abounds. Critics point to the numerous hurdles Tesla needs to overcome before Optimus can become a reality. Developing truly versatile and capable humanoid robots remains a significant technological challenge. The cost of production, the robots' safety and reliability, and the impact on human employment are all significant concerns that need to be addressed.
Furthermore, some analysts argue that Musk's $25 trillion target is simply unrealistic. While Optimus robots hold promise, it's difficult to envision a scenario where they single-handedly propel Tesla to such an unprecedented valuation. The overall market size for humanoid robots and the timeline for widespread adoption are significant uncertainties.
Despite the skepticism, Musk's vision should not be entirely dismissed. Tesla has a history of disrupting industries, and its track record in electric vehicles and autonomous driving is undeniable. If Optimus lives up to its potential, it could become a game-changer, not just for Tesla, but for society as a whole.
The coming years will be crucial in determining the fate of Musk's audacious claim. Tesla will need to demonstrate significant progress on the Optimus project, effectively navigate the technical and ethical challenges, and convince investors of the robots' transformative potential. Whether Optimus becomes the key to a $25 trillion Tesla or remains an ambitious dream is a story that will continue to unfold.