Should I buy Testa TSLA stock in 2022?Tesla and Elon Musk are always in the news for one reason or another. However, nobody is talking about price action and supply and demand. Price action creates imbalances made of price action and candlestick formations. Tesla’s stock price could drop as far as the $60 price level in the following months. That doesn’t mean that Tesla’s stock price will tank very fast in the following days; we are talking about longer-term stock analysis.
Teslastock
$TSLA - Bullish Channel Intact $347 price TargetLooks like a clear channel has been formed to the upside with the price target at the intersection between the top of the channel line and the Pennant line at around $347. All Moving Averages looks like a bullish squeeze and converge about to take place
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....
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.
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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
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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
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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.
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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.