TSLA (Tesla) LONG Inverse Head&ShoulderBUY TSLA at $982.00 OR NOW AT $1040
Take Profit 1- $1100.00
Take Profit 2- $1190.00
Take Profit 3- $1243.00
Take Profit 4- $1310.00
Support: $980.00-$1000.00/ $940.50-$930.00/ $909.00/$860.00/ $830.00 / $780.00-$780.00
Resistance: $1078.00/ $1115.00/ $1196.00/ $1245.00
Tslaforecast
Tesla Analysis 08.01.2022Hello Traders,
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TESLA IMPULSE (OR) CORRECTION PHASE? I did Tesla analysis on Apr 12, 2021 and it hit $1200 exactly as predicted
Following is the analysis of Tesla Inc coming in for the next few weeks/months.
1) Wave 1 started low at $70 in Dec 2019
2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2% correction at $407
3) Wave 3 started on Sep 2020 and had a good run-up of FIB 127% from $407 to $900 ending on Jan 26, 2021
4) Wave 4 is a sharp zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter and sharp correction ending around $555
5) Wave 5 is still going on and might go to the following
a) Calculate the length from the start of W1 ($70) and end of W3 ($900) = 900-70= $830
b) Calculate the length FIB levels ratios of this length of $830
38.2% ($830) - $317
50% ($830) - $415
61.8% ($830) - $512
100% ($830) - $830
127%(830) - 1054
141% (830) - 1170
6) Now add each of these levels to the end of W4 which is also the start of W5 i.e. $545, so we get 862, 960, 1057, 1375, 1599, 1715
---------------- Summary --------------
1) I believe Wave 5 is going to be an extended wave because Wave 1 & Wave 3 are of normal length
2) My prediction for Wave 5 is a minimum of 100% extension which is around $1375 ior
1599 ??
ppreciate everyone's feedback, happy trading
$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
1/2/22 TSLATesla, Inc. ( NASDAQ:TSLA )
Sector: Consumer Durables (Motor Vehicles)
Market Capitalization: 1.061T
Current Price: $1056.78
Breakout price: $1117.50
Buy Zone (Top/Bottom Range): $1028.30-$950.15
Price Target: $1230.00-$1244.25 (2nd), $1440.00-$1488.00 (3rd)
Estimated Duration to Target: 60-64d (2nd), 146-150d (3rd)
Contract of Interest: $TSLA 2/18/22 1100c, $TSLA 6/17/22 1400c
Trade price as of publish date: $76.30/contract, $73.00/contract
$TSLA on the top end of the down channel; will it rip or dip?This one is a wild card folks. Strong support in the 1060s, but shorts have been ruthless, along with low volume I am surprised this hasnt dropped more; which is a good sign to me. I do see this being a 50/50 on the drop next week but with volume intending to come back into stocks, and tax loss harvesting season over I got a good feeling about this. Finally TSLA China numbers should be released in the next day or two, which is a big factor in the stocks price movement especially with the recent recalls. As with most tech, this will most likely correct again in March with tapering ending, and rates rising.
NFA.
TSLA (TESLA) LONG SET UP (UPDATE)TSLA TRADE UPDATE
Our Tesla Gap fill entry has hit Take Profit 1 for 680 pips
We might get a pullback to $950 before hitting take profit 2 at $1090
I plan to add a second entry if we get a pullback to $950 before Take Profit 2
BUY TSLA at $932.00 ACTIVE ENTRY
Take Profit 1- $1000.00 (Target 1 Reached)
Take Profit 2- $1090.00
Take Profit 3- $1190.00
Take Profit 4- $1243.00
Support: $1000.00-$980.00-/ $940.50-$930.00/ $909.00/$860.00/ $830.00 / $780.00-$780.00
Resistance: $1078.00/ $1115.00/ $1196.00/ $1245.00
TESLA BOTTOM and run into Earnings?There is a wolfe wave setup on the 4 hour time frame with extended hours ON. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is approx 1200 by Feb 2022; however, there is a 4 hr ttm squeeze which may introduce short term momentum that may drive the share price to 1032 (21 day ma) 1047. If a short squeeze develops, then the share price of tesla may run towards 1243 on the the earnings run up.
TSLAWith last week’s dip Tesla, Inc. (NASDAQ:TSLA) filled the gap from October, while the stock clings to uptrend support and holds up just above the prior breakout spot at $900. As long as it holds this key psychological area as support, I would feel comfortable to start a short-term long position. MACD is also displaying a positive divergence indicating trend reversal. Might bounce next week.
$TSLA Tesla-Simple Technical$TSLA Tesla Motors This Week Analysis
NOTES:
-There was an RSI Convergence between December 01-08
-- WHAT IS RSI CONVERGENCE?: RSI is showing an uptrend while the chart is showing down. There will be an upward price movement/change. This is opposite of RSI DIVERGENCE
-$TSLA is currently at $981/s
-Watch the line at $945 -- if it tests the line there should be upward movement -- if it breaks the line in downtrend it will move lower.
- AFTER RSI CONVERGENCE there should be an upward trend movement this week
- Price should bounce at 995 and move towards 1,100
TSLA Analysis, Double Top !!Hello everyone, as we all know the market action discounts everything :)
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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.
$TSLA consolidating triangle $TSLA hit $1200 for a gap filled and is now consolidating its way down, looking for it to hold support around the $1025 area. As long as price stay above previous low of $980, Tesla should stay consolidating in this triangle pattern before breaking to the upside targets of $1400+. A break below $980 can then $TSLA can possibly go down to fill the open gap at $900.
TSLA Tesla Double Top Chart Pattern ??A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs.
ARK Invest sold 141069 shares of TSLA yesterday, so more than 155Mil dollars!
My price target for the retracement is the 982usd support, close to the Fibonacci 0.618 support.
Looking forward to read your opinion about it.
TSLA had a beautiful bounce from support Using Aspen Trading Support & Resistance Levels, TSLA has bounced from 982 support and can face the resistance at 1208.
A move above 1208 level will see further upside to TSLA.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
TSLA 4H NEAR FUTURE PREDICTIONTechnical Analysis Summary
TSLA/USD
TREND ANALYSIS
We have 1 down trend which is currently active in red
We have1 down trend in red that has already been broken and thus the reversal
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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$TSLA Tesla Bounced off the support line$TSLA
Has bounced off the support line and heading towards the ATH-Resistance line only if it breaks mid support.
Analysis:
- AS PREVIOUSLY charted, by November 12th $TSLA has hit the $945 Support line.
- It has bounced off the Support line and trending higher.
- WATCH for a break. When BREAK occurs it will trend towards the ATH-Resistance levels.
- (A) IF $TSLA breaks the line it will trend higher
- (B) IF $TSLA tests the break and cannot break it will trend lower.
TAKE AWAY:
- Keep an eye for the break.