$TSLA Perfect Bounce! Target Lock on $750 Next WeekIf you find these charts or video breakdowns useful be sure to leave a like and follow for more daily breakdowns.
We got our bounce today! and it was STRONG! Heavy pockets unloading on this bounce giving us a bullish engulfment.
Going into next week I am setting my first target at 750 for the EOW
Monday I would like to see $TSLA above the 9MA (white line) or 720. The 9 MA is only confirmation that we will see continuation and a stock will ride that MA during a bull run
After seeing the strength that was exhibited today and looking back at similar movement we could see a 3 bar play here on the daily time frame up to resistance around 765-755
But getting past 725 is our first challenge
Teslastock
WHY $TSLA BOUNCED TODAY! T&A, PREDICTIONS, AND BREAKDOWN!Make sure to like and follow if this video helps you for more daily content.
Its a great feeling when your technical analysis hits, but the dms I have gotten on my social media are the best! Glad you guys caught my previous breakdown on $TSLA If you didnt make sure to follow!
Today was a perfect example of the lucrativeness of options. Some options opening up at .50 and closing over 15.00 (or $50 to $1500) and I saw a lot of people in their bag today!
But moving on into next week we could see 750 action with the right market conditions. In this video ill be giving a brief explanation on what I expect going into next week!
More within! Have a great weekend!!!
$TSLA Pre-Earnings Price Targets (Technical Analysis)We Ended Friday under resistance (purple line) and relatively low volume. Going into earnings which good earnings could be crucial for holding up a bull market. Based on the structure of this daily pattern, if earnings does not go well, we could see a trip to support (not immediately)
Support (RED TREND LINE) for $TSLA would be in the $645-$660 Range if we do see a drop. If we bounce off said support bullishly then I will take a starter position with an anticipated break of downtrend (purple line)
Resistance (GREEN TREND LINE) is around $765 and if earnings goes well and investors react positive we could see an initial push to $788 and in trend move up to $835 as a second target. Price targets are high and the bull are waiting for this earnings to step up. This weeks earnings will more than likely dictate where we trend for the rest of April and May. I will link my previous video breakdowns below, if you haven't seen those, I give an in depth look on the setup going into earnings. Good luck traders and if you like this content make sure to leave a follow and a like!! I will be posting a video breakdown on Monday as well. Stay tuned!
TESLA IN DISTRIBUTION ZONEAs my chart explains everything, no words needed to explain , that simple ELLIOT wave principle will tell you what's happening NOW.
TESLA will not make new high now. ALL car manufacturers in the world clossing their IC engine plants
Young traders buying in a hurry to accumulate this stock BUT will not knew that one more DROP is there.
ER.Selvam.B
Neo wave,Price action practitioner
TESLA at $700 before end of year?TSLA stock is very bullish just after the announcement of its S&P 500 inclusion.
Why $700?
I just found an old similar pattern...
Your comments are welcome.
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Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
Tesla long buy chartsConsidering i am long and currently hold 13 shares in my portfolio (for disclosure purposes) i have and extra buy zone for Tesla included. Normally I wouldn't sell Tesla and would just recommend buying when it goes down, if you are swing trading these are zones that could be useful. The most optimal buy zone is started at 318 and below. Most likely it is unlikely we see Tesla dip that far is still is a possibility that investors would be foolish to not jump on when the time comes. The second zone starts at 319-382. If you would like to add small amounts to your position 393-420. 421-447 is a holding zone and upwards from that is where you should start taking profits