TSLA Relief Rally *Be Careful-(Short Term Bullish)***Warning Monday Jan 2nd (Market is Closed) - Q4 EV Deliveries - good report then TSLA will complete H&S pattern and continue Bullish Island Gap Reversal
Positive:
`TSLA is Very Oversold, we could see a continuation of this bounce up too 150-180 if production release is great on Monday.
-Bullish Chart patterns show inverse H&S pattern created by Island Gap Reversal.
LARGE Buying Volume strong-sign of institutional investment - this could be accumulation phase
Beginning of January tends to be positive for the stock market
NDX & SPX showing signs of upcoming relief rally (*before we make final leg down)
HYG & JNK Bonds are showing bullish divergence
Negative:
Monday possible less deliveries than expected -if is lack luster I can see TSLA dropping 7-12% to retest the low
China Covid Cases/ Shanghai Factory Slow production
Tesla is still in a Strong Bear Market pattern
Elon and Twitter Drama
Earnings report on the 23rd - with factory issues, supply issues - it does not look promising
Macro H&S Pattern puts the measured decline to $90-$80 range
Sentiment:
Short Term -Swing /Day Trading -I am only Bullish for the Short Term* (1-2 weeks) .
Long Term Investing: I am Bullish for Long Term (5 yrs) ....over-all I would choose the $109 area as 1st pt accumulation / $80 area second point / $60 area 3rd pt (TSLA will Grow 25% Sales YoY for next 5yrs) PEG ratio looking good
Tslashort
TSLA bear put vertical options play for 1/27I know this is a little late. But yesterday on the live stream I was mentioning the idea if TSLA gapped up over 158 from earnings I would to pick up a bear put vertical for 1/27. Well as we have gotten closer to the market opening on 1/26 TSLA has moved up and gotten closer to 160. I'm gonna look to get 155/152.5 bear put vertical for 1/27. Gonna wait about 15-20 at least to let volatility come down in options prices and possibly wait for it to run to 165 and look for a reversal pattern. TSLA up over 50% in the past month.
$TSLA RECESSION LOW FORECASTOriginally I thought around $111 would be the bottom, and it turned out to be at least a local bottom. However, I think we may run up to around $165 and then one final dump, potentially putting $TSLA at around $65. If this ends up being the case I think it will mark the "actual" bottom, and it would be wise to start buying heavily, NFA, just my opinion and what I am paying attention to.
TSLA To 0$ ?NASDAQ:TSLA
Tesla is a great company, I don't think it will collapse, by fundamentals breaking each Q's Rev and Profits, Best selling car.
But as FED keeps raising the interest rate, it will go lower but for now:
Trade for a short timeframe . Tesla Looks great.
Over Sold, Close to Support Level, Sellers Vol Decreased, Far a Way from MA'S, confluence AREA!
I taking it for a long With 2 TP at Fibs Level.
Bought for 124.
Have fun.
TP1 139
TP2 149
SL 110
Let's talk about Elon & Tesla...Happy New Years people! 🎇 🎉
Starting 2023 off with another one of our Nostradamus style predictions. 🔮
Since Elon's massive selloff, speculation around Tesla has heated up.
So we figured we'd throw in our two cents...
Looking at the Tesla and SP500 daily charts here, we can see a few potential scenarios playing out.
We've mapped some key levels; the major 2020 support of $60, the $80-$120 zone it recently dipped into, and the bounce zone of $130-$160.
After the Elon-induced selloff, we saw a very nice bounce with 3 green candles last week. Definitely some short-squeezing taking place before years end.
This bounce can easily make a run back up towards $130 if we see a sustained pump across equities. 📈
Of course, which direction Tesla will move in the short-mid term depends on the stock market as a whole. That's why we included (as always), the SPX.
We can see a clear bounce off the top of the channel on the SPX that took place in early-mid December.
We've crabbed along the last week or so, and our gut tells us a broader sell-off might be incoming in Q1. 📉
If you're a long-term older of Tesla, setting up a dollar-cost average grid on the way down in that $80-$120 zone, might not be a bad idea. 💪
Especially if we really nuke down towards the $60 major support.
Long term we are VERY bullish on Tesla and all things Elon, but we might see some great buying opportunities here in 2023.
Eyes peeled.👀
-TucciNomics
Chief Overlord, AlgoBuddy
Some Recovery Expected Price have broken the channel ( Support ) some recovery from here is expected till about 146.00 area and then a drop - lower low till about 90s. Over all trend is still to the down side. Shorts in play, any rise is shorting opportunity for now.
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