Tesla Motors (TSLA)
TESLA The Target Is UP! BUY!
My dear friends,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 217.76 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 234.79
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
QQQ Weekly Outlook (SPY) for OCT 14, 2024A week ago, I provided a weekly long-term view of QQQ (link below):
I annotated that by looking at the weekly time frame, we can note that QQQ has been bouncing off the weekly trendline (TL) that started back in JAN 2023.
It has touched and bounced off that trendline 3x so far:
-MARCH 2023
-OCTOBER 2023
-AUGUST 2024
We started OCT 7th week around 487 and closed end of week at 493.36
Based on technical analysis, QQQ is in a triangle pattern with the top trendline starting on JULY 17th and then hitting it again several other times:
-SEPT 26
-OCT 9
-OCT 10
-OCT 11
The bottom trendline starts on AUG 5th and touches again on:
-SEPT 6
-SEPT 9
-SEPT 10
-SEPT 11
Another TL was drawn on SEPT 11 up which price has been respecting:
-OCT 2
-OCT 3
-OCT 4
-OCT 7
-OCT 8
-OCT 11
This has cause price to get tighter and tighter against JULY 17th TOP TL.
In addition, price has been making Higher Lows (HL) and Higher Highs (HH) starting from AUG 5th until current date. The following are the HH/HL:
HL: AUG 5/ SEPT 6 - 11 / OCT 1 - 3
HH: AUG 22 / SEPT 26 / OCT 11
The GAP that was created between JULY 16 - 17 was filled on SEPT 26 causing the market to GAP REJECT and push price down.
Price has once again come back to that gap and closed above it.
GAPS can be used in several ways. One being the initial rejection. As price is back above it again, what was once resistance / supply can now be potentially turned into support / demand. The second method can be the INVERSION of a GAP.
Utilizing my longer thesis from last week along with the new / current data, a bullish sentiment is formed going into this week for the following reason:
-Two bottom TLs have been respected and acted as support
-Higher Lows/Higher Highs are being made
-Price closed above the GAP that that acted initially as resistance and now turned into support (inversion)
-No economic catalyst for bearish scenario 'yet'
-Price had a strong close above the 5 and 8 EMA on the daily time frame.
Price Targets:
PT1: $498.44
PT2: $500
PT3: $501.01
PT4: $503.07
PT5: $503.52
PT6: $505
This is NOT financial advice but my opinion on the market.
NASDAQ:AAPL NASDAQ:AMZN NASDAQ:QQQ NYSE:ES SP:SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY SEED_ALEXDRAYM_SHORTINTEREST2:NQ NASDAQ:MSFT NASDAQ:TSLA NASDAQ:NVDA NASDAQ:AMD
SaD
TESLA Breakdown or Bounce? Critical Levels You Cant Miss!!!!Tesla (TSLA) just broke below a critical level, and now all eyes are on the $213 support. 📉 If bulls defend this zone, we could see a strong bounce toward $236 and beyond. However, if we lose this support, expect a drop to the next target at $207 and possibly down to $189. 📉
⚡ Stay alert, traders—this could go either way! Watch for volume and price action around these levels. Are you ready to catch the move? 🚀
MB Trader
$MBLY MASSIVE SHORT SQUEEZE / SYMMETRICAL TRAINGLE BREAKOUT!!!!!NASDAQ:MBLY IS 31% SHORTED AND HAS A SHORT FLOAT OF 16-17% ON THE SHARES OUTSTANDING!
WE ARE GEARING UP FOR A MASSIVE SHORT SQUEEZE ALONG SIDE SYMMETRICAL TRIANGLE BREAKOUT!!!
Mid-September Playout = Mid-October 11 DAY SETUP!
- Bounced off 25/50 SMA AND started a Symmetrical Triangle.
- Ran 17.8% into 200MA Resistance
- Pulled back 7.05%
- Bounced off 50MA, Ran 19.33%
- Pulled back 14.37%
- Then Ran 25.77% BEFORE GIVING IT ALL BACK DOWN TO SYMMETRICAL TRIANGLE BOTTOM
These price targets (PT) and pull backs (PB) are based off Mid-September Playout and a breakout of the Symmetrical Triangle pattern!
UNDERSTAND! WHEN THIS THING BREAKS UPWARD OUT OF THE SYMMETRICAL TRAINGLE WE COULD HAVE AN EPIC SHORT SQUEEZE HIGHER TO $20+ !!!!!
Also, there is a GAP to fill at $20.01 if you want to play the longish game on this one!
PRICE TARGETS AND PULLBACKS LISTED BELOW:
PT1: $13.77
PB1: $12.80
PT2: $15.27
PB2: $13.07
PT3: $16.45
PB3: $13.15
Not financial Advice! Good luck!
TESLA Can it reverse the ROBOTAXI DISASTER?Tesla (TSLA) plummeted on opening today following yesterday's Robotaxi event, dropping as much as -10% intra day below its 1D MA50 (blue trend-line) and touching the 1D MA100 (green trend-line) for the first time since August 05.
The market clearly considered the Robotaxi and the other aspects of the event a disaster fundamentally and the early impression is imprinted on this price collapse. The question on investors' minds is, can the company reverse the sentiment?
Well, technically there is a big reason why the price has been pulling back since the September 30 High and that is simple. It has been rejected exactly on the Lower Highs trend-line that started on Tesla's All Time High (ATH) back on November 04 2021.
As you can see, this powerful multi-year Resistance has already 5 rejections (red circles) under its belt. But on the bright side, the price has shown clear signs of reversing this long-term and the biggest is the Higher Lows since the January 06 2023 market bottom (the 2nd Higher Low on April 22 2024).
On top of that we are seeing the potential for a Channel Up (blue) since the April 22 2024 bottom and is being supported by the 1D MA100. Below that, the last (symmetrical) Support Zone is offered by the 1D MA200 (orange trend-line) and the 195.00 level (so a zone roughly within 195.00 - 203.00). Below that, the recovery potential is endangered to a great extent.
So to summarize, there are strong support levels that may cause yesterday's disastrous fundamental sentiment to reverse but most of all, Tesla needs to break above its ATH Lower Highs trend-line. If it does, the first target of the new Bullish Leg should be $380.00 (Higher High on the blue Channel Up).
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Elon Musk’s EV Empire Unveils Cybercabs and Robovans. Now What?Highly-anticipated Robotaxi event offered a glimpse into what Elon Musk touted as “the future” — a driverless almond-shaped Cybercab robotaxi with no steering wheel or pedals and a Robovan that can ferry up to 20 people (but looks like a giant sliding toaster ). Both are futuristic and flashy. But can they generate revenue and keep Tesla churning out profits? That’s the question investors were asking while they pressed hard on the “Sell TSLA shares” button.
Tesla (ticker: TSLA ) is introducing a new era. Years after it had released a new product (the Cybertruck in 2019), the electric-vehicle maker, towering over the EV space , is expanding its product suite with not one but two new sick wheels. Rolling up to the stage in one of them — a robotaxi called “Cybercab” — Elon Musk, Tesla’s chief executive, unveiled the driverless two-seater cab and an autonomous van conveniently called Robovan.
“You could fall asleep and wake up at your destination,” Musk said on stage after he arrived one hour late. “There’s no steering wheel or pedals so I hope this goes well.”
The other big reveal was a Robovan/Robobus that can pick up a total of 20 people at a time. The Robovan is especially odd-looking, which, according to Musk, is intentional. “We want to change the look of the roads,” said Musk. “The future should look like the future.”
The icing on the cake was a new version of Optimus — Tesla’s humanoid robot. In its latest form, Optimus was spotted pouring drinks at the venue and dancing in fish tanks while flexing jacked forearms.
Happening at the Warner Brothers movie set in Los Angeles, the hotly-awaited invite-only event had managed to sneak in 50 Cybercab prototypes and multiple humanoid robots.
Of the few details laid out around the business model — the Cybercab is going to cost less than $30,000 with an operating cost of 20 cents a mile. “We expect to be in production with the Cybercab … in probably — well, I tend to be a little optimistic with time frames — but in 2026. Before 2027,” Musk said.
How would that work? Musk is hoping that there will be millions of Cybercabs available to rent out from the owners through the Tesla app. “Your average passenger car is only used 10 hours a week,” he noted. “If they are autonomous they could be used five times more, maybe 10 times more.” Thus, it seems like Musk is betting on new owners looking to convert their vehicles into autonomous taxis, earning them a passive income.
But there’s a long way to go — this new way of transportation requires regulatory approval and regulators don’t exactly have a reputation for being open-minded to new ideas.
According to Elon Musk, Tesla’s future hinges on autonomous driving. Driverless vehicles are central to the continued growth and success of the EV maker. So much so that Musk has previously said that Tesla’s market cap could hit $30 trillion, or about 40 times the current valuation (or 10 times the market cap of Apple (ticker: AAPL ), the world's most expensive company .) For reference, the entire S&P 500 index is worth $50 trillion today.
Tesla’s market worth may skyrocket 40 times but it won’t be today. The neon-filled scene giving futuristic vibes and Musk touting the new products as game-changers didn’t inspire investors to rush in and shove their cash into Tesla shares.
Some key details were missing and that prompted investors to take a cautious stand. First off, from over 2 hours of livestreamed content , the presentation was just about 20 to 30 minutes and didn’t discuss anything about self-driving safety. No deep dives into the business model on the side of revenue or market share for driverless taxis. And with Musk’s broken promises — he had said that millions of robotaxis will be ferrying passengers in 2020 — investors went mild instead of wild.
First trades at the opening bell in New York on Friday saw Tesla shares drop more than 10%. Was the event mostly razzle-dazzle and lots of glam and glitz? Or was there any real substance behind?
Share your thoughts below!
TSLA covered call over earnings *again* I've sold $250 and $255 covered calls recently. Obviously huge gap down because of SELL THE NEWS style event... ;-)
I really am not concerned. This is a buy the dip opportunity. I am happy to capture the premium from the call sale which is 1% and IF I sell at $255 in two weeks... amazing...
:-)
Tesla’s Cybercab Reveal Disappoints, Stock Dips 6.48% PremarketTesla’s stock (NASDAQ: NASDAQ:TSLA ) took a sharp dive in premarket trading Friday, dropping over 6% following the much-anticipated reveal of its Cybercab robotaxi concept at the “We, Robot” event. The unveiling, which was expected to be a game-changing moment for Tesla, left investors underwhelmed. This event, highlighting Elon Musk’s vision for autonomous driving, did little to offer short-term growth prospects.
Cybercab Unveiling Falls Short
Tesla CEO Elon Musk took the stage at Warner Bros. Studios in California on Thursday to reveal the futuristic Cybercab, a sleek, silver two-seater with no steering wheel or pedals, emphasizing the vehicle’s self-driving capabilities. Despite the bold design and its futuristic appeal, analysts were disappointed with the event's content. Musk presented ambitious long-term goals, such as autonomous driving technology making Tesla vehicles available for under $30,000 by 2027. Yet, there was a lack of concrete details on how and when these advances would impact Tesla's bottom line.
The event seemed to emphasize the far-off future of Tesla’s autonomous technology, as analysts from Barclays and Morgan Stanley pointed out that no updates were provided on immediate growth opportunities. Tesla didn’t share details on the low-cost model set for 2025 production or any significant progress in its Full Self-Driving (FSD) software. The lack of updates on Tesla’s AI integration, specifically concerning its rumored partnership with Musk’s AI company xAI, also contributed to the overall disappointment.
Furthermore, while Tesla's Cybercab aims to revolutionize mass transit, investors were skeptical about its near-term viability. Without tangible manufacturing plans, regulatory approval, or significant technological breakthroughs, fully autonomous vehicles are still years away from becoming mainstream. This added to the frustration among investors who were expecting Tesla to present more immediate growth opportunities.
Technical Analysis
As of Friday morning, Tesla stock (NASDAQ: NASDAQ:TSLA ) has slumped by 6.31%, signaling a significant bearish sentiment in the market. This decline coincides with the broader disappointment surrounding the Cybercab event and is compounded by technical indicators showing a continuation of the downward trend.
The stock is currently trading within a bearish channel, indicating a sustained negative momentum. The Relative Strength Index (RSI) stands at 48, reflecting weak buying interest and suggesting there could be more downside in the near term. A crucial support zone has formed around the $205 price level, where a bearish gap-down pattern has appeared on the daily chart, further supporting the likelihood of Tesla (NASDAQ: NASDAQ:TSLA ) testing this zone.
With the lack of bullish catalysts, Tesla (NASDAQ: NASDAQ:TSLA ) shows no signs of a reversal. The $205 level aligns with a significant support pivot, and a break below this could trigger further declines. Investors should remain cautious as technical indicators continue to signal weakness.
Bearish Momentum and Market Sentiment
Tesla’s stock performance in the first half of 2024 was marred by a steep selloff, and while it has somewhat recovered, the current price action reflects lingering concerns. Analysts at Piper Sandler warned that “pre-event momentum fizzles,” predicting that Tesla shares may continue to face downward pressure in the coming weeks. With no immediate breakthroughs presented at the event, many expect the stock to face continued selling pressure, especially as investors weigh the long-term promises against Tesla’s current performance.
Moreover, Morgan Stanley's critique of Musk's failure to position Tesla (NASDAQ: NASDAQ:TSLA ) as an AI-driven company only adds to investor worries. Tesla's AI capabilities, once considered a defining strength, were not sufficiently addressed at the event, leaving investors questioning whether Tesla will retain its leadership in the autonomous driving space.
What’s Next for Tesla?
Tesla’s financial performance in Q3 2024, set to be announced on October 23, will provide further insight into how the company is faring. With increasing competition from rivals like Google’s Waymo and traditional automakers entering the electric vehicle (EV) and autonomous driving markets, Tesla (NASDAQ: NASDAQ:TSLA ) faces pressure to deliver more immediate results.
The stock is hovering near a critical juncture. While there may be some relief rallies, the broader sentiment suggests more downside risk, especially if Tesla cannot provide compelling short-term growth catalysts. Investors should keep a close eye on Tesla’s next moves in the autonomous vehicle space and any updates on its FSD technology as potential triggers for a rebound.
For now, Tesla’s Cybercab may have excited visionaries, but it has left investors with more questions than answers.
TESLA Local Long! Buy!
Hello,Traders!
TESLA is going down now
But the pair is trading in an
Uptrend so we are bullish
Biased and after the stock
Retests the horizontal
Support of 232.00$ we
Will be expecting a
Local bullish rebound
Buy!
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Tesla (TSLA) Shares Fall After ‘We, Robot’ PresentationTesla (TSLA) Shares Fall After ‘We, Robot’ Presentation
On 10 October, at the Warner Brothers studio in Burbank, California, Elon Musk unveiled three products during the presentation of “We, Robot”:
→ Cybercab – an autonomous robotaxi that Musk claims will be produced in very large quantities.
→ Robovan – an autonomous bus capable of transporting 20 people or cargo, with an expected price tag of under $30,000.
→ Optimus Gen 2 – humanoid robots that participated in the event, with Musk showcasing a video of how Optimus can be used in home settings.
Elon Musk stated that Tesla anticipates the arrival of fully autonomous vehicles without supervision in Texas and California by next year.
Despite the revolutionary nature of the products presented under the Tesla brand, investors seem disappointed, as TSLA shares are trading around $225 in pre-market today, down from over $238 at yesterday's close.
Technical analysis of the Tesla (TSLA) stock chart indicates that the ascending channel (marked in purple), which has guided the price upward since August, may break downward at the market open today.
From a broader perspective, TSLA shares are within a wide ascending channel (shown in blue) – the bearish momentum following the “We, Robot” event could potentially push the price down to the lower boundary, further distancing it from resistance at the $260 level.
Investors may reevaluate their initial reactions to the unveiled Cybercab, Robovan, and Optimus. Nonetheless, the current decline in TSLA's stock price serves as a warning ahead of the earnings report scheduled for 23 October.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
80% gains AMD/NVDA Pairs Trade: Best Level to BUY/HOLD AMD🔸Hello traders, today let's review 4hour price chart for AMD.
Price structure is bullish inverted H*S setup with reload zone bulls
near 150 usd, currently expecting rejection near overhead resistance.
🔸AMD is trailing behind NVDA so far this year, YTD gains of 17%, NVDA
YTD gains at 167%. AMD is trailing behind NVDA massively and expecting
mean reversion / catch up trade later in 2025. AMD market cap sits
at 250 bln USD so it's an easy double from here. Fair value for AMD
is 500 bln USD, NVDA is valued at 3 T right now, which is massive.
🔸Recommended strategy bulls: Bulls wait for rejection from overhead resistance to confirm IHS setup / near 175 usd and wait for pullback/correction into mirror S/R level at 150/155 USD. BUY/HOLD setup, SL fixed at 125 USD TP1 is 250 USD TP2 is 300 USD in 2025. This is a swing trade setup with 80%+ upside potential, naturally more patience required to hit targets.
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
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Always limit your leverage and use tight stop loss.
TESLA: 4 Hour DOWN TO THE 5 MINUTE MUST WATCH FOR WHATS NEXTMORNING TRADERS
currently this video is an extension of my last Tesla video I did we are are still trying to go to: will be break up and hit our 272 target or will need a bit more correcting to do before we can try our hands at the long trades.
I break this video down for you to give you the best insight into the best levels to look for if you trying to trade Tesla and why
Enjoy
MB Trader
Happy Trading
Tesla 4 hour-5 min: Are we going up to 272??Good morning traders
alright what is Tesla doing??? From what my thesis is are we finishing our 4th wave down or do we have some more correcting down to do before we reach for the goal of 272 that is the question.
I break it down for you in the video nice quick and short one for you
If you found the video helpful: like boost comment give me your thoughts in the comments below
Happy Trading
MB Trader
Robotaxi day coming! Tesla is about to go bullish again?
Tesla started a short-term pullback after be rejected by the resistance level of previous highs and the upper edge of the bullish channel, exactly followed what we have predicted on 25 sep.
so will tesla stop drop and go bullish again?
once point will need our attention is that tesla has been promoting their upcoming “Robotaxi Day” presentation, set for October 10 at Warner Brothers Studios in Los Angeles.
if it could meet market expectations, the price could be supported above the lower band of bullish channel.
It probably will start to go bullish again!!!
Covered call on TSLA over ROBO TAXII am expecting robo taxi to be a "sell the news" event. We had a "buy the rumor move" on TSLA from $200 to $260
I had a $250 covered call expiring LAST Friday. I sold that for $5 and bought it back for $1. NICE WIN. Still have the shares.
So, figured If I was OK selling at $250 2 trading days ago, I should be fine selling at $255+4 = $259 effective
THIS FRIDAY