$TSLA bulls keeping the TSLA alive!$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 $7-12 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entry and exit for TSLA:
Buy call above 209.26 and sell at 211.73+ or above
Buy puts below 204.17 and sell at 201.52 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
Tslashort
Relief Rally reaching its peak.We have seen an impressive relief rally from TSLA, this was a bullish leg, inside a bearish trend. Still juicy and very profitable.
It made a recent low in the 100's level, where we saw an important volume, which can be characterized as a capitulation on the segment that went from its ATH to the 100's This volume was composed of liquidated long and covered short positions. The volume has been shortening as it reached the top above the 200's level.
Usually after a relief rally like this we can expect a retracement looking to gather more lows and discover the next support. If it is above the 100's level we will have a positive momentum divergence + a bullish volume + a double bottom or a W pattern and this is absolutely very bullish.
I am bearish on the leg that heads to the double bottom, but I will turn Bullish when this will turn around and heads north after the tree will have been completely shaken.
Tesla Time To RetraceHere Is My Study on Tesla Chart. Is To Much Extended. I Think Its Time To Retrace a Bit.
This analysis is for informational purposes only and should not be considered financial or investment advice. The information presented in this analysis is based on my own research and is subject to change without notice. The analysis is not a recommendation to buy or sell any specific cryptocurrency Stocks Or Forex, including This Pair. Please conduct your own research and consult with a financial advisor before making any investment decisions.
TSLA setting up for a pull back?$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.
Why you should get out of your TESLA Long positions soon TSLA has been on the rise from the beginning of the year with a wave of optimism. It bottomed out at 104 and has risen to 218. If you were fortunate enough to get it at that price, perhaps it is time to think about closing your long as the market looks like it will come down again.
1) The Daily RSI is overbought
2) The H4 RSI is overbought
3) There is a lot of H4 RSI divergence
4) The S&P has topped out at around 4180 and heading lower
The reality of another round of rate hikes in March (Perhaps another 0.5%) has also spooked the market. Inflation isn't abating with the last one being at 6.4% which was higher than the Fed and market expected so don't be surprised if we see a few weeks of weak stock market movements.
As for me, I will go short on the stock with stop losses above 245 and aim for the 100 barrier.
Tesla - End of the Run UpWhat do we do with Tesla.... Breathtaking run up has shorts scrambling for cover.
I'm initiating a Sell ... I think this is an important inflection point.
Analyzing price structure on a weekly log (to get adequate perspective) I believe this recent run up represents a wave 4 of a large "A" wave in the long term view. EW alternation of wave 2-4 exist here. Wave 2 was complex wave 4 at this point appears simple.
Risk-reward at this point is ideal.
Notice the current weekly Doji that just printed at the point of MAJOR confluence. I will use this as a stop point...
I will be updating with shorter term charts as the move unfolds.
Weekly View
Weekly Doji
$TSLA pull back is a bear trap?$TSLA soars after beating the eps couple weeks ago, along with the market bounce from inflation data and other news.
i think this pull back is a must to cool off after soaring almost 100$ in a month. daily chart rsi shows its over bought and
4hour chart show its entering the squeeze zone. but the momentum of tsla still looking strong for now until the higher time
frame breaks below moving average.
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 200.60 and sell at 204.90 or above
Buy puts below 192.09 and sell at 188.06 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.
Tesla + Trade Setup
I think that this share is in an upward trend.
Currently, the ascending wave 3 has been completed and the share is in a corrective A B C trend, in this A B C wave A is completed and we are building wave B, wave C will be much bigger and faster.
Trading tip: Personally, I will trade wave c, and the return point or trading target may be a little lower than the parts specified and a candlestick with a very long shadow will be formed. As a result, I will do the opposite transaction with more patience and at the bottom of the shadow.
General conclusion: This share has a lot of growth potential and the best point of selling and exiting the entire share is as follows: 35% is at the price of 3150 and 65% is around the price of 9000 to 1000 dollars.
Warning: This analysis is valid until the previous ceiling of $410 is completely broken with a powerful candlestick. If it is not broken and the double ceiling is formed, scenario 2 will be activated, which I will definitely update at the right time.
In any case, the transaction up to the previous limit has a low risk.
Be successful and profitable.
TSLA - Possible Inverse H&S Pattern?Looking at this 4HR chart, we can clearly see an Inverse Head and Shoulder pattern forming. It is currently at the neckline right at around $198.
Interestingly, we see a Bearish divergence right near the neckline (as marked) where price action is going up, but the RSI is going down. This gives us a small bearish signal.
So unless this gets invalidated by a candle breaking and closing above 198.24, we are most likely going down to the $166 - $164 area. That will be the decider area where TSLA can either bounce back and complete the Inverse H&S or it breaks down and goes for lower price support levels. (which I will update later).
Possible trades (options) that can be taken:
Option 1:
Feb 17th $195 PUT at around
Option 2:
Feb 17th $160 PUT (risky)
Option 3 (Put Spread):
Leg 1: Buy Put 2/24 $165
Leg 2: Sell Put 2/17 $165
(Good R:R ratio). Please feel free to message me if you are new to options or are confused.
Option 4 (Butterfly) - Risky but high reward:
Leg 1: Buy Put 2/17 $185 (1 Qty)
Leg 2: Buy Put 2/17 $145 (1 Qty)
Leg 3: Sell Put 2/17 $165 (2 Qty)
Note: This whole will be a single order. Again, please feel free to ask in comments or message me if you are confused.
These are the potential option trades that can be taken next week.
For a stop loss look for 198 area to break. If the price goes above that and closes we must exit the position in a loss. Other ride it till 165. Make sure to exit if you're in a good enough profit (according to you).
Do you own research before taking this trade.
Let me know what you guys think :)
Happy Trading!
Tesla - Bearish SentimentMarket-makers formed a BULLISH GAP at the 202.00 level. This is where I had anticipated price to start turning. I reckon they needed to take out more liquidity in the 202.00 - 212.00 region which they did successfully. I noticed that the 202.00 level has actually formed EQUAL HIGHS. The liquidity there had to be SWEEPED!!! Liquidity to the downside has also been taken out just as I have anticipated and price has started to melt! It should approach my POTENTIAL BOS level and break it.
Tesla is EXTREMELY BEARISH!