TESLA Bearish RetracementSign of Bearish Trend
-Magnitude of Downtrend Line B much stronger than Downtrend Line A
-Magnitude of Downtrend Line C similar to Downtrend B
-Momentum of Retracement line R3 much weaker than of Retracement line R2
-Candlestick challenging MA200
What retracement R3 are we looking for?
-R1 retrace more than 0.786fib of Line A
-R2 retrace more than 0.786fib of Line B
With R3 weak momentum, seems that candlesticks might fail to even reach 0.786 of line C. A double top might be forming near the MA200 line below fib 0.618.
If there is Support Range, it should fall within price range of 620 to 770. But once it is broken....
Teslastock
Tesla deliveries fall. Is its stock price next?Tesla's stock price last Friday jumped from $673.42 to $681.79, gaining 1.24% after the end of the session.
Tesla stock showed signs of range contraction during the day, making an intraday range from $666.36 day low to a day high of $690.69, the narrowest in the last seven days. The stock volume was 79% of the average volume on the previous trading day, down by 11 million shares and $14 billion in value. This low volume might signify possible price changes for the subsequent trading sessions.
For a longer-term view, Tesla's stock price, which is currently on a downtrend, is down by 35% this year, slightly more than the Nasdaq Composite (at -30%). Tesla stock might continue this downside as the market digests its quarterly report for the second half of this year. Tesla reported just over 250,000 deliveries, its first decline in deliveries since quarter one, 2022.
On the technical side, looking at the 4-hour chart, a trend channel indicator shows a clear downtrend as candles create lower highs and lower lows.
---
The price, now sitting at the top of the falling trend, might see a continued move to the downside and create another lower low at $560 after breaking the $620 support and potentially targeting the $450 price point. However, a break to the upside on the $785 resistance might indicate a potential short-term buy and target at least $865 to fill the gap. Watch for trading in the tight range of $734 and $784 in this case.
Price rejecting at the $785 resistance or $620 support level means that we will see an extension to its period of consolidation in this price range, which it has held since May 11, 2022.
Tesla: Hooting all the way?!Tesla
Short Term - We look to Buy at 688.08 (stop at 625.32)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. Preferred trade is to buy on dips. Further upside is expected.
Our profit targets will be 837.27 and 880.00
Resistance: 840.00 / 960.00 / 1100.00
Support: 680.00 / 545.00 / 400.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Tesla: when are sellers coming back? Tesla
Short Term
We look to Sell at 774.80 (stop at 827.00)
We look to sell rallies. Trading within a Bearish Channel formation. A higher correction is expected. Expect trading to remain mixed and volatile. Previous resistance located at 775.00.
Our profit targets will be 621.11 and 539.00
Resistance: 775.00 / 1000.00 / 1240.00
Support: 621.00 / 540.00 / 350.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Was TSLA Tesla Sell-off Predictable ?Of course it was! When we saw the Double Top Bearish chart pattern confirmed here, at $1130:
At that time both Elon Musk and Ark Invest were selling the shares at the top!
And there were people still buying them!
New Key price targets to watch:
$595 as a strong support before a potential reversal
$720 as a strong resistance after the reversal from the Falling Wedge Bullish Chart Pattern
$420 -$475 as a Buy Area (strong support and decent valuation)
Looking forward to read your opinion about it.
TSLA Tesla removed from S&P 500 ESG Index!If you haven`t seen my double top chart pattern:
Tesla doesn’t have a comprehensive low-carbon strategy, according to S&P Dow Jones Indices.
Apparently Tesla has issues including racial discrimination claims against the company and a government investigation after crashes due to its autopilot vehicles.
In Musk tweeted that he was considering taking Tesla private at $420/share and had “funding secured”.
I think in the worst case scenario we could see TSLA visiting that strong support of $420.
The most likely is a sell-off to $577.
Looking forward to read your opinion about it.
TESLA $6000 or $400 ( Which will hit First .? )#TESLA Technical Analysis:-
$TSLA currently trading at $985
As per 3 Week chart looking Bearish Divergence.
So I am expecting Mid term Downtrend in #TESLA
Its can give Some Upward move before downside move.
$800 level is very Important support level.
I am expecting $400 Target in mid term.
Its Not mean I am bearish in Long term.
I bullish On #TESLA In long term.
After this Downtrend $TSLA will recover very fast IMO.
Long term My Target for #TESLA is $1925/$3200/$6000
So If hit $400 and $275, don’t miss to grabs at Dip.
Support:- $800/$409/$275
Resistance:- $1100/$1500
TESLA ANALYSIS SHORT TERMZEYAN here!!!!
I'm looking at the market from a bullish pov as far as i can see market is quite bullish so ill be looking to buy the dips
This is a general idea of how I view the market; I use various entry techniques; please do not take this information at face value; conduct your own research.
Please let me know in the comments if you want me to analyze your charts.
like for more!!!!!!!!!
This is not financial advice; please conduct your own research and use this information as confirmation in addition to your own analysis.
$TSLA - $1,500 Channel Trajectory INTACT-Stock price can trade outside of the channel,
but has in the past revert back into its channel.
-Stock Price has many times bounced off its 200MA.
The upward direction of the Channel is still well intact.
Price target herein purely based on technical channel. Fundamental target in my opinion is much higher by year end for the bull case.
Tesla Analysis 13.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
TSLA Stock Is set to EXPLODE Soon? | Must Watch Options/TAHi everyone, Technical Analysis can often be associated along with options strike analysis to help justify large moves in the markets. TSLA is currently coiling between a tight range and when it moves we have some great ideas of the next target prices.
TESTLA 4HOURS CHART ANALYSISthe price is touched the resistance and he will see a bearish trend to 900 and then he will see a bullish trend and breaking the resistance pattern when he complete elliott triple combo wave (wxyxz) . DISCLAIMER: This is not an financial advice (its my own opinion) Please only invest what you can afford to lose, and do your own research before investing.
TESLA SHORT TO $650 Following is the analysis of Tesla Inc coming in for the next few weeks/months.
1) Wave 1 started low at $70 in Dec 2019
2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2% correction at $407
3) Wave 3 started on Sep 2020 and had a good run-up of FIB 127% from $407 to $900 ending on Jan 26, 2021
4) Wave 4 is a sharp zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter and sharp correction ending around $555
5) Wave 5 went ended at 1235 last November
Now we are in a correction (A-B-C) that's going to correct the whole 5 impulse waves
I believe we are only in Wave A and this might come down to 50% or 61%, since Tesla had a huge run-up in a very quick time I expect it to correct at 61% in the next coming months so those values are $789 and $650 that needs to be closely watched.
Appreciate feedback and omments, please share
TSLA earnings in 2 daysIf you haven`t sold the double top:
Then considering the bearish market conditions, Tesla should reveal some amazing quarter earnings to justify its high PE Ratio of 308.
Meanwhile Elon Musk sold more than $15 billion worth of shares in the company since early November and said that he was "almost done" with his stock sales.
And most of the shares were sold above $1000.
Looking at the charts, i think that TSLA has entered a descending channel with a price target of $860 for this year.