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Teslatrading

TESLA: Is it still a buy after today's fall?Tesla is having an approximatelly -7% decline at the time of this analysis, the strongest we've seen since the April bottom. This was enough to turn the 1D timeframe neutral in an instant (RSI = 54.820, MACD = 15.050, ADX = 39.955). The question is obviously, is the stock still a buy? Yes but as close to the 1D MA50 as possible. This is a 1W chart, so the 1D MA50 is portrayed in green. The fractal is basically the same as November 2019. And the price action that led to it starting in 2018, is almost the same as the 2022 Bear Market for Tesla. In November 2019 the stock made the second (and last) small correction before skyrocketing on a multi-week rally. With the price already past a 1D MA50-1W MA50 Cross, we are going long on the first green 1W candle near the 1D MA50 and will target the All Time High (TP = 415.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
12
Re-setting the stop gain! Next week looks promising!Ok, traders! Tesla might do a double top here! If next week it breaks the 635, it might keep pushing up, but I’m not sure if this will happen. We have a small RSI divergence, but the 20ma is holding the price. Still, it is important to be careful here. You guys know that I booked about 90% of my trade, which I bought at 596, and I’m still holding some shares. Today I decided to move my trailing stop-gain to the 622. If Tesla breaks this point, it’ll trigger the double top, and it might drop to the next support. If Tesla triggers the double top the next target is the 596, and this would be a short opportunity! We’ll have our answer next week. I’ll keep you guys updated. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLA
by UnknownUnicorn21312077
4
Tesla in October 2020 I've highlighted or marked the double-top pattern that IS NOT YET CONFIRMED. This week we got the news of Battery Day and the hype has died down. Both rejections on the Weekly chart show more Bear Volume than Bull. MACD hasn't flipped bearish since March. RSI is still over-heated. The U.S election is 40 days away and there has always been a market dump around this time. These are all prime factors to consider for what Tesla's price action will look like in the next month or so. Being short or cash is the best move at the moment with all of this uncertainty.
NASDAQ:TSLAShort
by tired_man_willis
1