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.
Tslaidea
$TSLA Bullish Weekly Open Could Turn Into a Dead Cat BounceTSLA opened green despite the bearish news and sentiment over the weekend. We have not reached the green support level yet, I think there could be more downside this week. A bounce above support would be bullish, I'm still monitoring for this rebound to turn into a dead cat bounce before a move lower down to ~ $170 over the next few months.
$TSLA's $207.50 Price Target for a BounceIt's not looking too good for NASDAQ:TSLA holders right now. TSLA has 6 rejections off the yellow resistance line and has been dropping rapidly after the most recent rejection. The green trendline ($207.50) is a key support level on the way down, and there is likely to be a dead cat bounce there before further decline. For now, $207.50 is my short term price target for a bounce. I think NASDAQ:TSLA would be a bit oversold, so there is some potential for a long trade setup. However, TSLA is likely to underperform with its upcoming Jan. 24 earnings report. The forecast is higher than the previous forecast, which TSLA missed. I think there will be more pain ahead after a bounce off the green support line with some more downside in 2024.
Tesla is a good opportunity to buyHello, according to my Tesla stock analysis. There is a good opportunity to buy. We notice that the stock has broken the pitchfork tool upward, which is a very positive indicator. We also notice the formation of an upward channel, which indicates the strength of buyers to push the stock upward towards the 300 level. Good luck to everyone.
$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.
TSLA - AnalysisTSLA
W1 – Since the indices (SPX\NASDAQ) are demonstrating a noticeable slowdown in movement and reversal/downward correction patterns may already begin to form.
You can also try to consider corrective sales.
It can be seen that the 5th wave is still being worked out, but a slowdown is also visible.
Global purchase plan with a target up to 415.32.
It is also clear that a potential reversal of the movement may begin to form; if the pattern is fully formed, then you can see the target in the nearest values 212.69 - globally 101.51.
For further decline, it is necessary to consolidate at the level of 212.69.
What can you expect?
At this stage, you can consider selling with a target of up to 212.69.
Short
Targets – 245.18 – 225.58 – 212.69
Long-term perspective – goals 212.69 – 152.88 – 101.51
TSLA D.B. or Next Leg Down?Here is both a bullish and bearish perspective of TSLA. Momentum is currently bearish right now but so ill be more keen to to taking puts at open BUT if price where to break the green level it will stop many bears out and there will be plenty liquidity for an explosive move to the upside for Calls. Be patient because nothing is ever 100% in the market.
TSLA bear channel + I.B.Simple 4h Inside bar pattern with a supporting 10m bear channel with previous days reacting similarly you can expect a strong bearish move into the lows but nothing is ever 100% in the market. First low is a majority trim, Second low is a remainder close runners up to you but I wouldnt due to the macro position of TSLA as it sits right above a weekly level.
TESLA An opportunity to buyHi, according to my analysis of Tesla stock, there is a great long-term investment opportunity. Especially with a downward channel break. With a very green positive candle on the daily timeframe. outside the parallel channel. good luck for everbody .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Concern about Tesla's recent Morgan Stanley downgrade I am writing to you today with a sense of concern about Tesla's recent Morgan Stanley downgrade ahead of their Q2 earnings report.
As you may have heard, Tesla has fallen from the downgrade, and this news is causing some uncertainty in the market. While we know that Tesla has been a popular stock for many traders, it's important to remember that the market can be unpredictable, and we must always be prepared for any changes.
With this in mind, I would like to encourage you to take profit from TSLA. We must be cautious as we approach the Q2 earnings report and consider taking some profits off the table. This will help protect your investments and ensure you are not caught off guard by any unexpected market movements.
In conclusion, I urge you to consider your options carefully and take action to protect your investments. While we cannot predict the future, we can take steps to prepare ourselves for any potential changes in the market.
thestreet.com/investing/stocks/tesla-stock-slides-after-morgan-stanley-downgrade-into-q2-earnings
GM Ford commit Tesla EV charging network so new standard setGM and Ford joined Tesla's EV charging network, bringing us closer to a US industry standard. This collaboration is a significant milestone for the EV industry, marking a new era of cooperation and innovation.
By joining Tesla's network, GM and Ford are committed to providing their customers with the best possible charging experience. This move will make charging more accessible and convenient for EV drivers and help reduce range anxiety, a significant barrier to EV adoption.
As a trader, you can invest in Tesla, a company leading the way in the EV industry. Tesla's innovative technology and visionary leadership have made them a force to be reckoned with, and their commitment to sustainability and clean energy make them a great investment choice.
I encourage you to consider investing in Tesla and join the movement toward a more sustainable future. With the support of industry leaders like GM and Ford, Tesla is poised to continue its growth and success in the years to come.
Thank you for your time, and I look forward to your comments on this exciting development
TSLA hit 7 Month as Good Times RollHave you heard the news? Tesla Rides Tech Rally to 7-Month High as Good News Piles Up! It's almost as if Elon Musk has a secret stash of good news that he's been saving up for a rainy day. Well, it looks like that rainy day has finally arrived, and Tesla is soaking up all the good news like a sponge.
As a Tesla investor, I'm sure you're already aware of this company's incredible potential. From cutting-edge electric vehicles to revolutionary solar technology, Tesla is leading the race toward a sustainable future. And with the recent surge in the tech market, it's clear that investors are starting to take notice.
So, here's my call to action for you: if you haven't already, consider investing in Tesla. With all the positive momentum behind the company, there's never been a better time to jump on board. Sure, there may be some bumps in the road ahead, but with Tesla's innovative spirit and unwavering commitment to sustainability, I do not doubt that this company will continue to thrive.
So, what do you say? Are you ready to join the Tesla revolution? Let's ride this tech rally to the top!
TSLA Is Very Close To BounceTechnical Analysis:
- Tesla(TSLA) is now doing a WXY correction in blue. We expect it to be completed the wave ((2)) in the next 1~2 days
- TSLA must find the strong buyers at around HKEX:150 - $155 where we like to buy
- TSLA can't cross the green validation level in order to support higher bounce in wave 3
Tesla Right Side
- H1 right side is turning down
- H4 right side is turning up
Technical Information:
- Don't sell TSLA now
- Wait for wave ((2)) to be completed in 1~2 days to buy
Is TSLA Ready To Pump??Technical Analysis:
- Tesla(TSLA) is now doing a WXY correction in blue. We expect it to be completed the wave ((2)) in the next 2-4 weeks
- TSLA must find the strong buyers at around HKEX:150 - $155 where we like to buy
- TSLA can't cross the green validation level in order to support higher bounce in wave 3
Tesla Right Side
- H1 right side is turning down
- H4 right side is turning up
- Weekly right side is up
Technical Information:
- Don't sell TSLA now
- Wait for wave ((2)) to be completed in order to buy
Don't Buy Tesla Now - Short Term is DownAs we can see in our weekly chart, Tesla(TSLA) is continuing to do the correction in wave 2 in black.
- Around $150 we expect the smart buyers as it's a buy edging area
- Around $250 we expect sellers
- Around $190 we expect a big decision in Tesla(TSLA) to follow PATH 1 or PATH 2.
We also need to follow correlation with NASDAQ and SPX Indices. Now the Right Side of H4 and H1 are turning up
TSLA possible Bearish PathWe have formed a bearish Rounding top today after rejecting off the bottom channel of Larger Bearish Ascending Wedge.
Rounding Top measured move: $185-$184 area.
*Rounding Top patterns tend to test the neckline $192-$193.75 & have false bullish breaks -keep an eye on volume with price action
if TSLA breaks through $186 and does not recover quickly, it will become resistance. ( FYI never breaking $186 could setup bullish H&S)
next support will be $176 area with a gap that needs filled at $174.5
possible consolidation & new trading range between $176-$186... H&S pattern created if Neckline @ $176 is broken (also confirming Bearish Flag) (Measured move is to $151 area)
Retest of previous low $163.76 .. next support $155
This is just a "possible path" to fill the gap at the $145 area.
If Market decides to go Bullish then $186 support should hold and set-up for move back to $200's
*I have not done a volume analysis on this theory yet, I will try to confirm or provide contrarian view of this Bearish analysis when I can.
If you have some ideas or analysis to point out- please feel free to comment.
Tesla's stock price to fall below $100?!
It is reported that Tesla's vehicles are not allowed to enter government institutions in China. Recently, there have been news that some cities in China have been planning restrictions, which will limit Tesla's access to more places. If this news is true, it will be very unfavorable for Tesla.
China is a populous country with a huge demand for vehicles, especially given the strong support from the Chinese government for new energy vehicles. By the end of 2022, Tesla's sales in China ranked first in the region. If Tesla loses the Chinese market, the consequences can be imagined, and its stock price may fall below $100!
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Tesla Time To RetraceHere Is My Study on Tesla Chart. Is To Much Extended. I Think Its Time To Retrace a Bit.
This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this analysis is based on my own research and is subject to change without notice. The analysis is not a recommendation to buy or sell any specific cryptocurrency Stocks Or Forex, including This Pair. Please conduct your own research and consult with a financial advisor before making any investment decisions.