Tesla Motors (TSLA)
TSLA to $420?TSLA has been on a tear over the past month or so. Using the Magic Linear Regression Channel indicator we look at the chart of TSLA and see that it has blown through a lot of the parallel channels, making it seem difficult to pinpoint. But, by adding an outer Fibonacci band to the Magic Linear Regression Channel, and selecting starting pivot highs followed by the biggest drops, we can form a channel that has an upper Fibonacci channel that coincides with the all-time high. However, since TSLA didn't get to Elon's favorite number, 420, last time around, I think it will make it there this time before correcting or consolidating. And, it could make it there before the end of the year.
Tesla (TSLA) Shares Surge to a New All-Time HighTesla (TSLA) Shares Surge to a New All-Time High
The chart for Tesla (TSLA) shares reveals:
→ At the beginning of December, the price was around $350;
→ Yesterday, the trading session closed above $420, surpassing the previous all-time high near $410 set in 2021.
The primary driver of this bullish sentiment appears to be the partnership between Elon Musk and Donald Trump. Since the 5 November election, Tesla shares have broken through a key resistance level near $265, rising approximately 69% and adding around $555 billion to the company’s market value.
Additional positive factors include:
→ Investor expectations that Tesla’s planned affordable new model could become a bestseller in 2025;
→ The company’s plans to launch self-driving taxis and other innovations.
Can the Bullish Momentum Persist?
According to Barron’s, Tesla shares might be overvalued from a fundamental perspective. Currently, TSLA trades at roughly 125 times the expected earnings for 2025, a ratio reminiscent of the previous peak when the stock dropped by about 50% in 2022.
Technical Analysis of Tesla (TSLA) Shares
→ The November consolidation around $350 (marked by a thick blue line) may indicate the median of the long-term upward channel (shaded blue).
→ Throughout 2024, the lower boundary of this blue channel has provided strong support. In the most optimistic scenario, TSLA shares could rise toward the channel’s upper boundary near the psychological $500 level.
→ The RSI indicator is above 80, suggesting the price is vulnerable to a pullback, as observed earlier this year. In this scenario, a test of the $400 psychological level cannot be ruled out.
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Tesla $TSLA Daily Chart W.D. Gann Resistance Price Level📐 **Tesla ( NASDAQ:TSLA ) Daily Chart – W.D. Gann Resistance Alert!** 📐
Tesla is approaching a critical W.D. Gann resistance level on the daily chart. This key price point could act as a pivot for potential reversal or a breakout trigger. Bulls watching for confirmation, while bears eye a possible rejection. Stay sharp! ⚡️
#SPX500 AMEX:SPY NASDAQ:QQQ #BITCOIN #CRYPTO
TSLA: Will History Repeat?Last year we had a similar bullish flag pattern with one fakeout, then price descending towards lower trend line. Last year after this the price began to rally 90% to the upside. I have no idea what will happen but found this interesting and thought I'd share.
Trend lines are drawn on the daily chart so they might look a bit funny here.
TESLA option play planFirst of all thanks to papa E and orange toasty for becoming besties, we getting the mad pump.
Second of all it was a reasonably easy bet to take. Why take 2x on vanilla trump vs harris when you can slap on some out of the money option calls? its a full win/lose bet but the options get you 5-10x average for this one.
Risk - Reward ratio is everything. If your taking the risk make sure the reward pays for it.
Putting this one down so I can reference going forward. Yeh we might go flat for few months.. or dump because of tarrifs and xyz blah blah,, but This is just the strong bull option which is the scenario im aiming to hopefully play.
Euphoria/blow off phases tend to have two main features
1. its velocity/momentum is faster than you think (its over before you know it; just when your getting really excited)
2. it tends to go higher than you thought
PE ratios, valuations etc are hinting at top energy here.
lets ride it and hopefully jump ship in time.
Sliding In December: Is Tesla (TSLA) Losing Its Spark?
As always, we like to keep it clean and simple, with technicals and analysis that's easy to see and understand. Let's get into it:
Losing all its spark? Nah. But, we see a correction for TSLA happening this December, starting within the next 1-2 days. Why?
- It’s currently bumping into price levels we last saw in 2022, which served as a strong ceiling back then and might trigger profit-taking now.
- It's well into a Wave 5 Elliott Wave, signaling exhaustion in 4h/8h/1D timeframes.
- Overbought.
Additionally, many are noting that Tesla’s valuation feels stretched compared to its earnings and growth prospects. Analysts point out that its current price may rely on overly optimistic assumptions about future market share, tech breakthroughs, and profitability. Some also highlight that competitors are catching up, which could eat into Tesla’s premium valuation. Meanwhile, skeptics argue that the stock’s recent run has simply gotten ahead of fundamentals, and a correction might be due as more realistic expectations set in.
We see a 10% slide to the $360 range.
Let's see what December brings.
Be Alert.
Trade Green.
TSLA 1200 by end of 2024Analysis is based purely on price action.
1. There is an EMA crossover on the monthly timeframe, following “EMA Squeeze” and consolidation which lasted approximately 3 years.
2. Two bounces off Anchored VWAP.
*** An EMA crossover on the monthly timeframe that goes, pays well.
Tesla’s Golden Zone Bounce: Are We Heading to $460?Tesla has shown remarkable price action after sweeping the sell-side liquidity on the monthly chart at $152.49. Price tapped into the Golden Zone (OTE) and closed strongly above the sell-side level. This confluence, combined with robust candle closures, signals potential upside momentum.
Key Levels to Watch:
Immediate Target:
Price is aiming for the $460 range, marking a full swing move.
Retracement Zone:
If a retracement occurs, look for a pullback into the High-Probability Fair Value Gap (FVG) near $300.61. This zone could act as a strong support for another leg upward.
Conclusion:
Short-term: Price targets $460.
Medium-term: Watch for retracement into $300.61 before further upside potential.
DYOR (Do Your Own Research)!
Simple Bull vs Bear Targets and ConditionsSome simple bullish targets (yellow) for Tesla, conditioned upon remaining above the white neckline and getting and holding above the red one.
Simple bearish targets (orange) are conditioned upon losing the white neckline, and then dropping and losing the green one.
Nearer term bear targets could also simply be the white line, the green line, or the area of the weekly high and low of the last weekly low above the green line
TESLA: Can it reach $500?Tesla is overbought both on its 1D (RSI = 76.375, MACD = 28.880, ADX = 43.174) and 1W (RSI = 76.043) technical outlooks. This however isn't by any means a bearish sign, at least not on the long term. Tesla appears to be aiming for $500 in the immediate future and in our view even higher on the long term. The reason is the convincing 1W Golden Cross that is about to be formed and the last time we had such a clear Cross was on January 21st 2020.
The stock was ona bullish breakout after a Channel Down correction. The breakout initiated a rally that was supported by the 1W MA50 all the way until the November 2021 Top on the 4.5 Fibonacci extension! Tesla's 2025 target shouldn't be $500 but instead the 2.0 Fibonacci extension at $640. As long as the 1W MA50 supports, we will stay long term bullish towards that target (TP = 640.00).
See how our prior idea has worked out:
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Tesla: Are We Dropping to $350 or Climbing to $480?Good morning, trading family.
Tesla is sitting at a key level, and it looks like we’re about to see a big move. Here’s what I’m seeing:
Option 1:
We could see a drop of $50-$60, taking Tesla down to $350-$360 before it finds support and bounces back.
Option 2:
If Tesla holds here and starts pushing higher, it could climb to $440. After that, we might see either:
A pullback of $50-$60, OR
A continued run all the way to $480.
This is one of those times where the chart is doing the talking. Trade what you see, not what you hope for.
If this breakdown makes sense, hit like, follow, and share your thoughts below. Where do you think Tesla is headed next? Let’s figure it out together.
Kris/ Mindbloome Exchange
GBP/JPYBack Again Tell a Friend
Risk Management is EVERYTHING!
DON'T BE STUPID!
Looking for a 15m Bearish ChofCh
Once this change of Character completes
I will be looking for the retracement of the
move.
Once retracement is complete I shall
EXECUTE A SELL
Potential Gains 300 Pips
Potential Loss 26 Pips
London. Potentially New York
An Update For MY Followers Hey Everyone
Wanted to quickly update everyone as I have been MIA the last two weeks working on a really cool project to create even more value for everyone. I will be back in action tomorrow, so if you have any assets you want me to analyze let me know and I will do that for you. Secondly if you are wanting to increase your wellness and your trading send me a DM.
Hope everyone has a awesome day and I will see you tomorrow
Kris / Mindbloome Exchange
Trade What You See
UPDATE for the Markets and Active H5 TradesUPDATE for the Markets and Active H5 Trades
🎂 Today is my oldest sons second birthday. We already celebrated this morning, had birthday donuts and opened gifts. Got my market time in and now...
I'm logging off for the day and going to be with him on his special day. Especially after the scary times we've been through with him the last two weeks.
Family First ♥️
See you all tomorrow!
Here's a last minute 🎁 from my son to you. Updates👇
Tesla - Ending 2024 With A Parabolic Rally!Tesla ( NASDAQ:TSLA ) is clearly not done for 2024:
Click chart above to see the detailed analysis👆🏻
Despite (or maybe even because of) the strong rally during November of 2024, Tesla is clearly not done with its bullish plans yet. Market structure, cycles and also price action are all pointing to a stronger move higher and we will see at least a retest of the previous all time highs.
Levels to watch: $420
Keep your long term vision,
Philip (BasicTrading)
TSLA CRACK!TSLA cracking higher with a gap up breaking out of a wedge after several attempts this year,
Personally, I don't like wedges since they have a tendency to crack one way and reverse the other.
But having the entire US gov't giving you a free pass to do whatever you want without fear of being prosecuted for illegal activity and getting even more free money from the taxpayers. It might be different this time.
I can only tell you what the charts say.
TESLA $TSLA | TESLA RALLY TO 400?! (ASCENDING TRIANGLE) Dec05'24TESLA NASDAQ:TSLA | TESLA RALLY TO 400?! (ASCENDING TRIANGLE) Dec05'24
NASDAQ:TSLA BUY/LONG ZONE (GREEN): $357.50 - $400.00
NASDAQ:TSLA DO NOT TRADE/DNT ZONE (WHITE): $331.00 - $357.50
NASDAQ:TSLA SELL/SHORT ZONE (RED): $270.00 - $331.00
NASDAQ:TSLA Trends:
NASDAQ:TSLA Weekly Trend: Bullish
NASDAQ:TSLA Daily Trend: Bullish
NASDAQ:TSLA 4H Trend: Bullish
NASDAQ:TSLA 1H Trend: Bullish
NASDAQ:TSLA is hanging on to the strong bullish rally that first began after the most recent earnings report (Oct23), followed by the Trump rally after the presidential election. NASDAQ:TSLA has been building an ascending triangle at the 360 price level, and a popular belief is that a break above this level will be the start of the push to the 400 price level. Here is what I'm personally looking at for possible NASDAQ:TSLA trade opportunities, potential for upside and downside, and how I'm viewing price structure and technicals with the help of some of my personal indicators!
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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Tesla At $400; More Gains After PullbackHey traders, hope everyone is doing well.
Today, I will looking at Tesla stock, which as you know has impressive gains for the last few weeks, due to speculation surrounding Trump's US presidential election win and connections with Elon Musk. This has fueled expectations of easier regulations for self-driving Tesla cars.
But loking at the structure, the current rally from 340 appears to be coming out of a triangle and has now reached the 400 area. Its the key swing high from 2022 and 2021, suggesting the potential for a pullback in the coming weeks.
So I think its better to wait for the next wave (4) retracement rather than chasing the market at these levels. If a wave four pullback occurs, support could be found between 311 and 350, especially if the decline unfolds in three waves.
GH
TSLA on the go...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After rejecting the $200 round number zone and breaking above the red channel, TSLA's momentum shifted from bearish to bullish.
Currently, TSLA is in a correction phase and approaching the green demand zone and round number $300.
📚 As per my trading style:
As #TESLA approaches the $300 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
TESLA: Bearish Continuation & Short Signal
TESLA
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell TESLA
Entry Level - 389.41
Sl - 412.70
Tp - 333.03
Our Risk - 1%
Start protection of your profits from lower levels
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