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TSLA (Tesla) Technical Analysis and Trade Idea Upon analyzing TSLA (Tesla), we can see that it has been in a sustained downward trend. Notably, price has entered a critical support zone, exhibiting a double bottom pattern on the chart. Additionally, there has been a downward move beneath this double bottom, tapping into liquidity. Given the significance of this support zone, I anticipate a reaction, potentially leading to a substantial retracement. Another noteworthy aspect is the imbalance above the current price range, which could serve as a target. Furthermore, I acknowledge the influence of seasonality in stock markets, a topic I delve into within the accompanying video. In the video, we explore trends, price action, market structure, and other essential elements of technical analysis.
NASDAQ:TSLAShort
by fxtraderanthony
3
TSLA Rebounds from $164.76 Support LevelMy TSLA forecast has been one of my most accurate predictions so far, and TSLA has reached the $164.76 price target discussed in my previous updates. NASDAQ:TSLA initially dipped below the $164.76 support level, but had a bullish rebound at the support line. TSLA is red today, but could be forming a bullish retest of the $164.76 support line. I would keep an eye on the $164.76 support level on the way down to see if it holds or whether TSLA loses support here.
NASDAQ:TSLA
by realchartchamp
TSLA Technical Analysis and Trade IdeaMarket Observations: #TSLA has experienced downward pressure as evidenced by the distinct pattern of lower highs/lows on the daily chart, signaling a clear downtrend. A significant price gap exists above the current trading range. This setup suggests a potential stop run above the range to clear liquidity, providing an opportunity for larger institutions to fill short orders. Trade Strategy: Target a short entry on a potential stop run above the range. Aim for an initial profit target at the previous daily low, with a secondary target at the 165 level, which aligns with a prior daily low. Manage risk with a strategically placed stop-loss order. Disclaimer: This analysis reflects my personal opinion and does not constitute financial advice. Always conduct your own comprehensive research and risk assessment before executing any trades.
NASDAQ:TSLAShort
by fxtraderanthony
1
$TSLA Trending Towards $180 Support LevelTSLA had a strong rejection at the yellow resistance line, and has been dropping straight down several support levels over the past few weeks. The $240 orange support line was immediately lost, and TSLA just lost support at the $207.50 green support line. There is a lot of pessimistic news surrounding the sustainability of EVs, and TSLA had a poor earnings report that further hurt investor's future outlook. The $180 light blue support level is the next key price to monitor for a potential bounce. There has been strong support here in the past.
NASDAQ:TSLA
by realchartchamp
TSLA $200's ResistanceTSLA opening above $198.5 should go up towards $204 gap fill possibly $206 retracement ... resistance @ $$199.5-200.5 then $204 (2 sigma weekly Move) If Fed is Dovish today with a 25bp hike this will help to push bullish narrative Fed with 25bps and Hawkish rhetoric can stop the bull run. Below $194, we could see Tesla go for Gap fill below and settle around $190 to finish the week This Feels like a Bull Trap set-up- just my opinion I bought back in @ 175 Since I plan on taking Profits for this week I will look into selling $200-$205 calls against my $175 price positions *** this is a profit taking options position, I would not sell calls if I did not own shares at that lower price.
NASDAQ:TSLA
by Black_Sheep1
$TSLA bulls keeping the TSLA alive!$TSLA holding it own this morning, keeping the momentum up just above $200 level. tesla must stay above the $190 to $200 to continue its momentum to upside. no new catalyst for tesla except the anticipation of the new tesla model 3 which still no further announcement. also Elon Musk face class action lawsuit from shareholders, overstating the effectiveness and safety of the company's autopilot and full self driving technologies. below is the price level I'm looking for $TSLA: TGT average price move per day is $7-12 per day depending on market volatility and catalyst. Below is the price level I'm looking for entry and exit for TSLA: Buy call above 209.26 and sell at 211.73+ or above Buy puts below 204.17 and sell at 201.52 or below make sure that you set up alerts on those key level so you wont miss the move. and always to take your profits as you see one.
NASDAQ:TSLALong
by CHRIS_B58
1
TSLA setting up for a pull back?$TSLA slightly pulls back after soaring for couple of weeks. this pulls back is expected and it might setting up for another pulls back or consolidate if needs to cools off. TSLA bulls needs to hold the 190 level or bears might gain some momentum here to break below 190. no majors news to push the TSLA except the analyst upgrade to buy rating. TSLA average price move per day is $7-$13 per day depending on market volatility and catalyst. Below is the price level I'm looking for entries and exit for TSLA: Buy call above 203.31 and sell at 205.90+ or above Buy puts below 196.61 and sell at 194.50 or below make sure that you set up alerts on those key level so you wont miss the move. and always to take your profits as you see one.
NASDAQ:TSLAShort
by CHRIS_B58
TSLA REBOUNDS OF 105!!!!TSLA having a massive buy presence in the premarket this morning. Could this be a sign good things are coming? I think not, over the last 5 trading sessions TSLA dropped a eye watering 21% !!! Here are some factors of why TSLA has declined a MASSIVE 72% this year : Inflation -> Fed tightening -> Risk-off assets looking more attractive Elon has sold $23bn worth this year alone to finance the twitter acquisition. If advertisers continue to flee, he will need to sell more to finance debt payments from LBO. He has pledged not to sell anymore till 2024 There have been large concerns from major investors around Elon's time commitments as CEO given Twitter acquisition. Fears of a global recession next year are causing concerns around luxury car demand. Consumers will be reluctant to spend $80,000 on a new car with used car prices tanking. No $30,000 Tesla car yet. Concerns about Chinese demand given COVID cases and lockdowns hurting demand for luxury vehicles. No wide FSD rollout, No Cybertruck Ouch......
CAPITALCOM:TSLA
by Faclesstrader
TSLA at Critical Level - Could Go Either WayTSLA is at a critical point with the volume shelf and other factors that could mean either direction. Bull Case: Retesting Breakout Level Falling Wedge on Daily/65m Bullish Divergence on 65m Some Bollinger Band squeezing on 65m Bear Case: Net Premium flow favors puts heavily Bearish Engulfing Candle on Weekly MACD crossing down on Daily Hidden Bearish Divergence on Daily that may not have completely played out May be slightly below volume shelf - next shelf at $912 Diminishing Volume on Daily So: If Bulls Win... (price breaks $1,037) PT1 - $1,045 PT2 - $1,065 PT3 - $1,087 If Bears Win... (price breaks $1,021) PT1 - $1,011 PT2 - $1,000 PT3 - $1,090
NASDAQ:TSLA
by cloud9futures
2
Is Tesla still plugged into Bitcoin?The prices of cryptocurrencies including Bitcoin, the most popular of the lot, have been highly volatile in recent months due to conflicting regulatory signs and rising interest rates. Despite the massive sell-off of digital tokens, Tesla (NASDAQ:TSLA) CEO Elon Musk is among those who are still bullish on digital currencies. As such, the recently reminted $1 trillion dollar company is caught in the crosshairs of movements in the cryptocurrency market. Bitcoin price crash After reaching an all-time high of $67.5K in November, the price of Bitcoin is now hovering around $40K since the start of the year. The crash is partly due to remarks from the US Federal Reserve about launching its own digital currency similar to China’s e-renminbi and US President Joe Biden’s recent order directing government agencies to coordinate on a regulatory framework for digital currencies. While the regulatory forces mentioned above have helped to suppress any upside in digital assets, the largest contributor in the price crash of Bitcoin is the about-face that Musk, and by association Tesla, pulled for its support of Bitcoin. In a way, those cryptocurrency crosshairs are attached to the rifle wielded at times by Musk and Tesla. Tesla’s $1.5 billion Bitcoin stash Last year, Tesla revealed that it invested a total of $1.5 billion in Bitcoin and hinted that it may acquire and hold digital assets “from time to time or long-term.” Since that announcement in February 2021, the company has had no additional Bitcoin purchases. Tesla disclosed in its 2021 annual report that it still held around $1.26 billion worth of digital assets and incurred $101 million of impairment losses on its digital assets. At the same time, the EV leader also reiterated its confidence in the long-term potential of digital assets both as an investment and as a liquid alternative to cash. However, the carmaker warned, in an ambiguous statement, that it may boost or reduce its digital asset holdings based on its business needs and on its view of market conditions. However, knowing Tesla dependency on Musk as its “product architect and social media manager”, as quoted by Bloomberg, the company’s position on digital currency’s may be far closer aligned with his own personal view than the above statement suggests. Over a month after the company’s disclosure, Musk on Twitter said he still owns and “won’t sell” his own personal Bitcoin, Ethereum or Dodge holdings, stressing that “it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.”
NASDAQ:TSLA
by BlackBull_Markets
$TSLA breaking out of cup & handle pattern | Very bullish Tesla is b NASDAQ:TSLA $TSLA Breaking out of cup and handle pattern. Technicals and fundamentals both indicating new ATH imminent with potential to reach 2k per share near term. $TSLA is breaking out of the cup and handle pattern that's been forming on the 4h chart. Confirmed bullish move as it gapped out of the handle channel today. Next area of resistance is around 1315$ where the 61.8% and trend line meet, so a new ATH in the 1300 zone seems to be an imminent target.If Tesla can break out of that strong resistance area then I think around 1559$ would be the next area of resistance since that’s where the 100% fib and the target height of the cup pattern intersect. If after that, strong fundamental momentum continues due to some strong upcoming catalysts such as ER numbers, Austin and Berlin factory updates or some other bullish news released, then reaching the 168% fib extension at 2k can happen quickly. Either ways things are looking very bullish right now for Tesla . Key areas of resistance and potential target zones: Conservative target= 1315 Medium risk target= 1559 Aggressive target= 2002
NASDAQ:TSLALong
by TheRealWolfette
1
TSLA Analysis, Double Top !!Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ TSLA is currently trading in the upper part of its 52-week range. The S&P500 Index is also trading in the upper part of its 52-week range, so TSLA is performing more or less in line with the market. The long-term trend is positive and the short-term trend is neutral. The long-term trend may just continue or reversal may be around the corner! A double top pattern has been spotted on the daily chart which could lead the TSLA stock back to the $850 levels. Possible Scenario for the market : The market is trading at $1014.97 and it's nearing the neckline of the double top pattern located at the $1001 range, if a breakout happens of that line we could be seeing the TSLA stock drop to the $850 level. and a lot of the indicators are showing Bearish signs that would support the double top pattern. In case the support line held strong then we could be seeing a Bullish movement that will lead the TSLA stock price back to the resistance level located at $1112.85 Technical indicators show : 1) The market is below the 5 10 20 MA and EMA indicating a Bearish short-term trend, But still above the 50 100 and 200 MA and EMA (Bullish long-term trend) 2) The RSI is at 44.20 showing some weakness in the market. 3) The MACD is below the 0 line indicating a bearish state in the market with a negative crossover between the Signal line and the MACD line. Support & Resistance points : support Resistance 1) 1029.10 1) 1168.14 2) 976.28 2) 1254.36 3) 890.06 3) 1307.18 Fundamental point of view : Tesla Inc has asked a U.S. court to affirm an arbitrator's recent decision dismissing a former engineer's claims that the automaker fired and defamed her for raising concerns about defective floormats and contracting practices. TSLA has a Return On Assets of 6.00%. This is better than the industry average of -1.33% and The Earnings Per Share has grown by an impressive 174.51% over the past year. Looking at the last year, TSLA shows a very strong growth in Revenue. The Revenue has grown by 66.27% and based on estimates for the next 5 years, TSLA will show a very strong growth in Revenue. The Revenue will grow by 35.52% on average per year. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
NASDAQ:TSLA
by GabiDahduh
TSLA matters a lot to the overall market Using Aspen Trading Support & Resistance Levels, a move below 978 is going to break the support and things can get ugly really quickly from that point for TSLA. The overall market can also get impacted if the 1.2 trillion market cap of TSLA shrinks in size. Please provide your feedback in comments if you like the analysis. Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information. Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
FX:TSLA
by tradingswift