TESLA Battery Day Sept 22 (pre-catalyst)Hi TESLA tribe!
Seeing Tesla holding support at 361.5
Moving averages looking good , developing a bullish trend change. Can be another run up?
Battery day may lift TSLA up BUT overall market QQQ, SPY is still bearish. A bit of a tug of war imho.
Careful on this.
Teslastock
TSLA TESLA Buenas tardes espero qué estén bien, reciban un cordial saludo. Les presento análisis de TESLA en el corto plazo.
El tiempo esta a 1hora para qué les sirva en esta sesion si no tomen los puntos de resistencias y soportes y apliquen el tiempo que deseen. Normalmente suelo analizar gráficos de 1D por ello les aviso.
La figura del triangulo, soporte-resistencia nos mostraba en el corto plazo un canal bajista, pero hoy lo esta intentando romper, esta en la resistencia, ya que hoy abrió con un gran GAP por el ((anuncio ayer a la noche del SPLIT))
Próximo movimiento alcista el nivel resistencia 1519,77$; Movimiento bajista soporte 1420,77$; TIENEN MARCADOS MAS SOPORTES Y RESITENCIAS. PROXIMA MEDIA HORA DE GRAN VOLÁTILIDAD ESPERAMOS UNA CORRECIÓN, es decir toca soporte y o sube o baja. Atentamente L.E.D. Mantenganse a salvo En España a 12/08/2020
Good afternoon I hope you are well, receive a cordial greeting. I present analysis of TESLA in the short term.
The time is at 1 hour, what use is it in this session if you do not take the resistance and support points and apply the time you want. Normally I usually analyze 1D charts so I warn you.
The figure of the triangle, support-resistance showed us a bearish channel in the short term, but today it is trying to break it, it is in resistance, since today it opened with a large GAP for the ((announcement yesterday night of the SPLIT) )
Next upward movement resistance level $ 1519.77; Bearish movement support $ 1420.77; THEY HAVE MARKED MORE SUPPORTS AND RESISTANCES. NEXT HALF HOUR OF GREAT VOLATILITY WE EXPECT A CORRECTION, that is, it touches support and either rises or falls. Sincerely, L.E.D. Stay safe In Spain on 08/12/2020
TESLA - are we done ? Looking at Tesla, the Sell Signal occured pointing on the ongoing correction. We already sold the excess at 1780$ (previous Idea) Waiting for confirmation if 1485$ can hold to get back in or we going to see some lower correction levels around 1250$ - 1050$. The Buy signal will be the final confirmation.
Technical indicator:
www.tradingview.com
No financial advice, only my idea.
TESLA Analysis .I think there are many potential moves for TSLA .
For example ,For people looking for a buy entry , I think it would be important to wait for TSLA to close in an upcoming day considerably above the 840-843 area (green rectangle ) before buying with a first target at around the 874-884 area (the first blue rectangle ) and a potential to go for the 940-970 at the secong blue rectangle If we close in an upcoming day above the first blue rectangle .
TSLA might also break and close significantly below the black line ( trendline ) , it would be interesting then to watch how price would act around the the red rectangle area .
(This is the same as the original post but with a daily timeframe because some might prefer so )
Original Post :
TSLA - Not FOMOing in any time soon!TSLA looking hella toppy right now.
Has not passed it's former high @ roughly $950
RSI approaching overbought territory.
This is a stock that is realistically attracting investors who are driven by profit and you can see the sell-offs causing massive price fluctuations of over 50%, therefore better to be careful considering the current market conditions.
No reason to be bullish at all unless we get to our all-time high again in which I would say is not likely at this moment.
I would expect traders to be even more driven by profit-taking considering the amount of blood and volatility in the market right now.
This is a very popular stock at the moment and I would rather have a buy the dip approach. Tremendous opportunity in TSLA considering the large swings.
I could see much cheaper prices ahead of us as people continue to take profits at this range. We could go as high as $820 and I still wouldnt change my sentiment.
If we close daily candle bodies above the $820 I would only then reconsider my strategy.