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Tesla -> Protect Your Position Now!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪 After Tesla stock retested the last strong support zone for bulls, the 0.786 fibonacci level at the $100 level, the recent pump over the past couple of months of more than 100% was no surprise at all. With the weekly timeframe being quite overextended on Tesla, I would actually love to see a retest of the 0.618 fibonacci level which is perfectly lining up with previous market structure. From a daily perspective you can see that Tesla is starting to create lower lows and lower highs so there is the chance that we are ready for a shorter term bearish correction - I do expect this correction to end though after we saw a retest of the $220 level. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
NASDAQ:TSLAShort
by basictradingtv
29
Tesla -> Is The Rally Already Over?Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe Tesla stock is actually quite overextended towards the upside; just the past 7 weeks we had a short covering rally of about 100%. Therefore I just do expect a short term correction towards the downside before the market will then create the longer term continuation towards the upside and retest a major bearish trendline at the $240 area. On the daily timeframe I am now just waiting for the market to retest a very obvious previous resistance zone which is now turned support from which I definitely do expect the next impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:TSLAShort
by basictradingtv
49
Tesla - great example of buy on fear and sell on greed? Let seeTesla news everywhere last week with their stock price smashing through 2000. Will it keep going up I read? Shall I buy now? Is it too late to jump in now? Who know.... nobody knows. But to me, as soon as the news starts talking about it the fear and greed scenario could kick in - just like BTC at 20k? The people late to the party will jump in and then panic sell if there is a short term sell off ... potentially. Anyway, it could keep going up for sure - until we see any signs of rejection the trend is still up! What goes up - does NOT have to come down, why? Because it can keep going up first. Anyway, stick to your own plan and strategy and always focus on your risk management. Check out the book we recommend to help keep your emotions in check and trade fearlessly. Over and out. Darren
NASDAQ:TSLA
by pow_removetheguesswork