Get started
6/4/25 :: VROCKSTAR :: $TSLA6/4/25 :: VROCKSTAR :: NASDAQ:TSLA Legging in slowly... again - valuation is not for this post, i've put it out there last time - after riding in many teslas in LVN (obviously not my first time) i was AMAZED at how many ubers were using FSD at my request and talking about how it's improved light years since the few versions ahead - this is now a humanoid-focused company, i'm entirely convinced it will happen and of the three companies out there, only one is public - and they're coming. given progress in AI (I'm so close to this)... we'll probably see them commercially in kitchens, old ppl homes etc. in a matter of years, at most. I'd guess we see a few out in the wild in two years... - so while it's hard to wrap my head around the "valuation" in a car context... a trillion bucks for a company in the process of disrupting the entire global services industry, is too cheap. - send it lower. - i'm starting my LT position here and want it it lower. V
NASDAQ:TSLALong
by VROCKSTAR
TSLA SellOff ! Elon Musk vs Donald Trump ! Beginning of the End?If you haven`t bought the dip on TSLA: Now you need to know that TSLA Tesla experienced a significant drop of 14% today, marking its worst single-day performance in over four years. This decline erased approximately $150 billion in market capitalization, bringing the stock down to $284.70. The immediate cause of this downturn is the escalating feud between CEO Elon Musk and President Donald Trump. Musk's public criticism of Trump's tax legislation, labeling it a "repugnant abomination," prompted Trump to threaten the revocation of government contracts with Musk's companies. This political clash has introduced significant uncertainty regarding Tesla's future government support. Beyond the political arena, Tesla's core business metrics are showing signs of strain. The company reported a 9% decline in quarterly revenues and a staggering 71% drop in profits. Additionally, Tesla has lost its leadership position in the electric vehicle market to China's BYD, indicating increased competitive pressure. cincodias.elpais.com Investor sentiment is also waning. A Morgan Stanley survey revealed that 85% of investors believe Musk's political activities are negatively impacting Tesla's business fundamentals. This perception is further exacerbated by declining sales in key markets, such as a 17% drop in Model Y registrations in California. thestreet.com Elon Musk and Donald Trump have publicly clashed, escalating a feud that has unraveled their once-close relationship. The dispute centers on several issues: Republican Tax and Immigration Bill: Musk criticized a sweeping Republican domestic policy bill backed by Trump, calling it a "disgusting abomination" on X. Trump claimed Musk initially had no issue with the bill, accusing him of being upset over the removal of an electric vehicle tax credit. Epstein Files Allegation: Musk alleged Trump's name appears in classified Jeffrey Epstein files, escalating tensions. Trump has not directly addressed this claim but responded by threatening to cut government contracts with Musk's companies. Personal and Financial Accusations: Musk argued Trump would have lost the 2024 election without his financial support, accusing him of ingratitude. Trump countered, saying he was "disappointed" in Musk, claiming he asked Musk to leave the administration and accused him of "Trump Derangement Syndrome." Government Contracts and Tariffs: Trump threatened to cancel "billions and billions" in government contracts with Musk's companies, like SpaceX, amid the feud. Separately, Musk reportedly made personal appeals to Trump on auto tariffs, which Trump noted might involve a conflict of interest. Cabinet Clash: Reports indicate Musk clashed with Trump’s cabinet, including Marco Rubio, over spending cuts related to the Department of Government Efficiency (DOGE), with some describing Musk's behavior as disruptive. Given these challenges, a price target of $215 for TSLA appears justified. The combination of political entanglements, deteriorating financial performance, and eroding investor confidence suggests that Tesla's stock may face continued downward pressure in the near term. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:TSLAShort
by TopgOptions
Tesla's Perfect Storm: A $152 Billion MeltdownTesla's Perfect Storm: A $152 Billion Meltdown, Chinese Rivals on the Attack, and a Faltering Shanghai Fortress A tempest has engulfed Tesla, the electric vehicle behemoth, wiping a staggering $152 billion from its market capitalization in a single day. This monumental loss, the largest in the company's history, was triggered by a dramatic and public feud between CEO Elon Musk and former U.S. President Donald Trump. The confrontation, however, is but the most visible squall in a much larger storm. Lurking just beneath the surface are the relentless waves of competition from Chinese automakers, who are rapidly eroding Tesla's dominance, and the ominous sign of eight consecutive months of declining shipments from its once-impenetrable Shanghai Gigafactory. The confluence of these events has plunged Tesla into a precarious position, raising fundamental questions about its future trajectory and its ability to navigate the turbulent waters of a rapidly evolving automotive landscape. The narrative of Tesla as an unstoppable force is being rewritten in real-time, replaced by a more complex and challenging reality. The Trump-Musk Spat: A Bromance Turned Billion-Dollar Blow-Up The relationship between Elon Musk and Donald Trump, once a seemingly symbiotic alliance of power and influence, has spectacularly imploded, leaving a trail of financial and political wreckage in its wake. The public falling out, which played out in a series of scathing social media posts and public statements, sent shockwaves through Wall Street and Washington, culminating in a historic sell-off of Tesla stock. The genesis of the feud lies in Musk's vocal criticism of a sweeping tax and spending bill, a cornerstone of the Trump administration's second-term agenda. Musk, who had previously been a vocal supporter and even an advisor to the President, lambasted the legislation as a "disgusting abomination" filled with "pork." This public rebuke from a figure of Musk's stature was a direct challenge to Trump's authority and legislative priorities. The President's response was swift and sharp. In an Oval Office meeting, Trump expressed his "disappointment" in Musk, questioning the future of their "great relationship." The war of words then escalated dramatically on their respective social media platforms. Trump, on his social media platform, threatened to terminate Tesla's lucrative government subsidies and contracts, a move that would have significant financial implications for Musk's business empire. He also claimed to have asked Musk to leave his advisory role, a statement Musk labeled as an "obvious lie." Musk, in turn, did not hold back. On X (formerly Twitter), he claimed that without his substantial financial support in the 2024 election, Trump would have lost the presidency. This assertion of his political influence was a direct jab at the President's ego and a stark reminder of the financial power Musk wields. The spat took an even more personal and inflammatory turn when Musk alluded to Trump's name appearing in the unreleased records of the Jeffrey Epstein investigation. The market's reaction to this public spectacle was brutal. Tesla's stock plummeted by over 14% in a single day, erasing more than $152 billion in market capitalization and pushing the company's valuation below the coveted $1 trillion mark. The sell-off was a clear indication of investor anxiety over the political instability and the potential for tangible financial repercussions from the feud. The incident underscored how intertwined Musk's personal and political activities have become with Tesla's financial performance, a vulnerability that has been a recurring theme for the company. The Chinese Dragon Breathes Fire: Tesla's EV Dominance Under Siege While the political drama in Washington captured headlines, a more fundamental and perhaps more enduring threat to Tesla's long-term prosperity is brewing in the East. The Chinese electric vehicle market, once a key engine of Tesla's growth, has become a fiercely competitive battleground where a host of domestic rivals are not just challenging Tesla, but in some aspects, surpassing it. Companies like BYD, Nio, XPeng, and now even the tech giant Xiaomi, are relentlessly innovating and offering a diverse range of electric vehicles that are often more affordable and technologically advanced than Tesla's offerings. This intense competition has led to a significant erosion of Tesla's market share in China. From a dominant position just a few years ago, Tesla's share of the battery electric vehicle market has fallen significantly. One of the key advantages for Chinese automakers is their control over the entire EV supply chain, particularly in battery production. This allows them to produce vehicles at a lower cost, a crucial factor in a price-sensitive market. The result is a growing disparity in pricing, with many Chinese EVs offering comparable or even superior features at a fraction of the cost of a Tesla. Furthermore, Chinese consumers are increasingly viewing electric vehicles as "rolling smartphones," prioritizing advanced digital features, connectivity, and a sophisticated user experience. In this regard, many domestic brands are seen as more innovative and in tune with local preferences than Tesla. This shift in consumer sentiment has been a significant factor in the declining interest in the Tesla brand in China. The numbers paint a stark picture of Tesla's predicament. While the overall new-energy vehicle market in China continues to grow at a remarkable pace, Tesla's sales have been on a downward trend. This is a worrying sign for a company that has invested heavily in its Chinese operations and has historically relied on the country for a substantial portion of its global sales. The pressure on Tesla's sales in China is so intense that its sales staff are working grueling 13-hour shifts, seven days a week, in a desperate attempt to meet demanding sales targets. The high-pressure environment has reportedly led to high turnover rates among sales staff, a clear indication of the immense strain the company is under in this critical market. The Shanghai Gigafactory: A Fortress with a Faltering Gate The struggles in the Chinese market are reflected in the declining output from Tesla's Shanghai Gigafactory. For eight consecutive months, shipments from the factory, which serves both the domestic Chinese market and is a key export hub, have seen a year-on-year decline. In May 2025, the factory delivered 61,662 vehicles, a 15% drop compared to the same period the previous year. This sustained decline in shipments is a significant red flag for several reasons. Firstly, the Shanghai factory is Tesla's largest and most efficient production facility, accounting for a substantial portion of its global output. A slowdown in production at this key facility has a direct impact on the company's overall delivery numbers and financial performance. Secondly, the declining shipments are a direct consequence of the weakening demand for Tesla's vehicles in China. Despite being a production powerhouse, the factory's output is ultimately dictated by the number of cars it can sell. The falling shipment numbers are a clear indication that the company is struggling to maintain its sales momentum in the face of fierce competition. The situation in China is a microcosm of the broader challenges facing Tesla. The company's product lineup, which has not seen a major new addition in the affordable segment for some time, is starting to look dated compared to the rapid product cycles of its Chinese competitors. The refreshed Model 3 and Model Y, while still popular, are no longer the novelties they once were, and are facing a growing number of compelling alternatives. A Confluence of Crises: What Lies Ahead for Tesla? The convergence of a high-profile political feud, intensifying competition, and production headwinds has created a perfect storm for Tesla. The company that once seemed invincible is now facing a multi-front battle for its future. The spat with Trump, while seemingly a short-term crisis, has exposed the risks associated with a CEO whose public persona is so closely tied to the company's brand. The incident has also highlighted the potential for political winds to shift, and for government policies that have benefited Tesla in the past to be reversed. The challenge from Chinese automakers is a more fundamental and long-term threat. The rise of these nimble and innovative competitors is not a fleeting trend, but a structural shift in the global automotive industry. Tesla can no longer rely on its brand cachet and technological lead to maintain its dominance. It must now compete on price, features, and innovation in a market that is becoming increasingly crowded and sophisticated. The declining shipments from the Shanghai factory are a tangible manifestation of these challenges. The factory, once a symbol of Tesla's global manufacturing prowess, is now a barometer of its struggles in its most important market. To navigate this storm, Tesla will need to demonstrate a level of agility and adaptability that it has not been required to show in the past. This will likely involve a renewed focus on product development, particularly in the affordable EV segment, to better compete with the value propositions offered by its Chinese rivals. It will also require a more nuanced and strategic approach to the Chinese market, one that acknowledges the unique preferences and demands of Chinese consumers. The coming months will be a critical test for Tesla and its leadership. The company's ability to weather this storm and emerge stronger will depend on its capacity to innovate, to compete, and to navigate the complex and often unpredictable currents of the global automotive market. The era of unchallenged dominance is over. The battle for the future of electric mobility has truly begun.
NASDAQ:TSLAShort
by bryandowningqln
Target Sputters as Market Recovers Target has sputtered as the broader market recovers, and some traders may think the retailer has further downside risk. The first pattern on today’s chart is the steady decline between early February and early April. TGT tried to stabilize after the move but barely rebounded. It also failed to hold the rally on May 12 after Treasury Secretary Scott Bessent cut tariffs on China. That feeble price action may suggest sellers remain in control. Second, the stock spent about a month at its 50-day simple moving average (SMA) early this year before continuing lower. It’s now spent about three weeks at the same line without closing above it. Is the intermediate-term trend still bearish? Third, the move between April 8 and May 20 may be viewed as a potentially bearish flag that’s now broken to the downside. Next, the 8-day exponential moving average (EMA) recently crossed below the 21-day EMA. MACD has also turned negative. Those patterns may reflect a bearish short-term trend. Finally, TGT is an active underlier in the options market. (It averages more than 70,000 contracts per day, according to TradeStation data.) That could help traders take positions with calls and puts. Check out TradingView's The Leap competition sponsored by TradeStation. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:TGT
by TradeStation
NVDA Bullish Strucure – Targeting $157 and a $3.46T Market Cap NVIDIA (NVDA) is forming a bullish continuation pattern on the 1H chart. Price action has broken above key resistance at $141.85, holding steady in pre-market at $142.31. 📈 Technical Analysis Highlights: Fibonacci extensions show a clean breakout setup Measured move targets $157.19 (Fib 3.0), representing +11.74% upside Key support levels: ◾ $140.63 – recent consolidation base ◾ $132.68 – the lower trendline from May 📊 Market Cap Zones in Focus: $270B Market Cap → corresponds to the $132–135 price area $320B Market Cap → aligns with the $157 target zone (Fib 3.0) These market cap levels match key price zones, adding conviction to the technical targets. A break and hold above $145 could accelerate the move toward the upper Fibonacci cluster. Volume confirms accumulation, and price is respecting both horizontal and trendline supports. 💬 Will NVDA hit the $320B market cap before retracing???? #NVDA #NVIDIA #TechnicalAnalysis #MarketCap #Fibonacci #Breakout #NASDAQ #TechStocks #StockMarket
NASDAQ:NVDALong
by oTokyou
BRK.B: Channel-Bound & Targeting New HighsThis chart for Berkshire Hathaway Class B (BRK.B) presents a clear and actionable technical setup, operating within a well-defined long-term bullish channel. Dominant Bullish Channel: BRK.B is clearly trading within a well-established, upward-sloping channel. This channel dictates the long-term trend, confirming a robust bullish bias as price consistently finds support at the lower band and resistance at the upper band. Recent Pullback from All-Time Highs: After reaching its "All Time High" around the 530- 540 resistance zone, the stock has experienced a healthy corrective pullback, aligning with the typical behavior within an ascending channel. Key Support Levels Identified for Re-accumulation: The chart highlights two critical support zones for potential re-entry or accumulation: a primary support between 470− 480, which perfectly aligns with the lower boundary of the active bullish channel, and a deeper, secondary support at 430 - 440 should the first level fail. Clear Upside Target Post-Support Validation: Following a potential bounce from either of the identified support levels, the analysis projects a renewed push towards the "All Time High" zone (530-540). This move represents a compelling 8% to 10% upside target from the current vicinity, validating the strength of the bullish trend and the expected retest of previous resistance. This reinforces a "buy the dip" strategy within the confines of this established channel.
NYSE:BRK.BLong
by ManiMarkets
1
Tata Motors at Key Turning Point! Massive Upside Potential After🚗 Tata Motors – Breakout Setup from Monthly POI | Long-Term Opportunity Ahead! 🧭 Technical Context & Setup: Tata Motors is shaping up as a high-probability breakout candidate after a ~55% correction from its all-time high of ₹1,168 to a recent low of ₹531. ✅ Monthly POI tapped: Strong bounce seen ✅ Liquidity Swept: Price swept the recent low zone and formed a hammer candle, a bullish reversal signal ✅ Change in State of Delivery (CISD) visible on weekly timeframe, showing fresh buying interest 📉 Price Structure Observations: Last 4 weeks (20 trading sessions) = clear sideways consolidation This kind of compression often precedes a strong directional move 📍 Key Reference Levels: All-Time High (ATH): ₹1,168 Recent Low: ₹531 Consolidation Range: ₹695 – ₹736 🚦 Trade Entry Plans: ✅ Entry Type 1: Breakout Entry 🔓 Entry Trigger: Breakout and close above ₹736 on 1H or Daily candle 🎯 Short-Term Targets: Target 1: ₹803 Target 2: ₹950 📌 Expect possible pause/consolidation near ₹950 zone ✅ Entry Type 2: Sweep & Reversal Entry 🔄 Wait for price to sweep below ₹680 and show a reversal candle (engulfing, hammer, or bullish structure on 1H/4H) Enter near ₹680–₹670 zone upon confirmation 🎯 Targets remain the same (₹803 / ₹950) with much better risk-reward 🛡️ Stop Loss Strategy: 🔻 Conservative SL: ₹620 (Recent lower time structural low) 🛠️ OR use trailing stop-loss as price moves upward — especially for long-term investors 🔮 Long-Term View: Once this base breaks out, the next structural targets open up to previous swing highs. 🏁 Potential Long-Term Target: ₹1,168 (All-Time High retest) 💡 Price could consolidate near ₹950 before continuing its journey — patience is key for positional traders 🔎 Why This Trade Matters: ✅ Monthly POI reaction + liquidity grab ✅ Strong reversal signal (hammer) ✅ Tight consolidation = energy build-up ✅ Clear breakout structure = easy trade management 🧠 Quote to Remember: “When price rests, it gains energy. When it moves, it releases that energy. Catch the move, not the noise.” 📢 Don’t Miss Out! ✅ Follow for more high-probability technical setups 👍 Like if you found this helpful 💬 Comment below your thoughts, let’s discuss this move together! 📊 See you in the next breakout 🚀
NSE:TATAMOTORSLong
by PRATHAPSIMHA
Is it Wise to invest now?Bullish momentum on this stock, as we break towards the IPO highs. This is largely because Wise plans to move their primary listing to America. But let's not get caught up in the excitement here and analyse the charts and the financials. Looking at the financial statements of this company, they’re not expanding profit margins as they aggressively cut their fees to fuel their growth. Furthermore, the technicals suggest the final wave 5, a bearish ascending channel and a potential double top - I’m not convinced this run is sustainable. So no, it’s not wise to invest right now. Personally I’d remain patient and wait for a better entry. Not financial advice.
LSE:WISE
by NoFOMO_
The key is whether it can rise above 209.27 Hello, traders. If you "Follow", you can always get new information quickly. Have a nice day today. ------------------------------------- (AAPL 1D chart) In order to continue the uptrend in the medium to long term, the price needs to stay above the M-Signal indicator on the 1M chart. The important support and resistance zones at the current price position are the 182.94-199.62 zone and the 226.67-240.55 zone. In that sense, the key is whether it can support near the 182.94-199.62 zone and rise above 209.27 to maintain the price. The 226.67-240.55 zone is expected to act as resistance, but if it breaks through upward, it is expected to renew the ATH. The important support zone is the 131.59-138.79 zone. If it falls to this area and shows support as the trading volume increases, you should focus on finding a buying point. - The basic trading strategy is to buy on the HA-Low indicator and sell on the HA-High indicator. This trading strategy is a trading method within the box range. If it falls below the HA-Low indicator or rises above the HA-High indicator, you should create a trading strategy using the trend trading method. Therefore, the basic trading method should be a split trading method. The 215.44 point is the OBV Low indicator point on the 12M chart, and from a long-term perspective, it can be interpreted that an uptrend can begin only when it rises above 215.44. Therefore, you can see that the 209.27-215.44 section is an important section for turning into an uptrend. - Thank you for reading to the end. I hope you have a successful trade. --------------------------------------------------
NASDAQ:AAPL
by readCrypto
TSLA | Long Bias | Double VWAP + ABC Setup | (June 5, 2025)TSLA | Long Bias | Double VWAP + ABC Setup | (June 5, 2025) 1️⃣ Insight Summary: Tesla is pulling back just as we anticipated, but strong technical support from a double VWAP level and a developing ABC correction is hinting at a potential bullish reversal. Momentum could build soon — this is a key area to watch! 2️⃣ Trade Parameters: Bias: Long Entry Zone: Current VWAP support near $230 (adjust per actual chart level) Stop Loss: Below VWAP + liquidity zone (~$225 suggested) TP1: $363 TP2: $395 Partial Exits: Consider profit-taking along the way; over 50% of the position to be closed around the $363–$395 range. 3️⃣ Key Notes: ✅ Support Factors: We're holding the double VWAP level and near the left-side value area high (around $294), with ABC corrective structure playing out. ✅ Money Flow: On the 4H chart, money is flowing out, but on the 30min it's stabilizing near 0 — watch for a potential turn. ❌ Risk Zone: We might see a short liquidity grab under the VWAP before the real move starts. Be patient with entries. 📰 Sentiment & Fundamentals: Tesla dropped due to new tariffs, but the news around Robotaxi services could spark a sharp rebound. Wall Street is watching closely as EPS continues to underperform forecasts. ⚠️ Valuation Caution: Despite a sky-high P/E ratio (189), Tesla remains outside normal valuation rules, like Nvidia. Keep that in mind when thinking long-term. 4️⃣ Follow-Up: I’ll be monitoring this setup closely — especially how price reacts around VWAP and whether money flow turns green. Updates to come if conditions change! Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.
NASDAQ:TSLALong
by Risk_Adj_Return
Tesla Monthly TF (Next Target —110-140)I will not bore you with too many details. I will do an analysis based on the moving averages to support my bias, bearish at this point. April 2024 tests EMA89 as support and this support level holds. This results in a bullish impulse. The impulse ends December 2024. On the drop, TSLA founds support at EMA55 monthly. There is bounce at this level and this bounce ends as a lower high. » When this happens, the next moving average in line gets tested, in this case EMA89 or a minimum of 191 as the next target. EMA55 monthly sits at 229.88 (230). This level will fail as support, why? Because the test of it in March and April led to a lower high and this lower high will be followed by a lower low. If TSLA had moved higher than December 2024, then any drop or correction would not go below EMA55. Since the action is ending as a lower high, then the next drop which is already underway will break through this level. The main level for the current move sits around 110-140 based on the long-term. These levels are close to the lows in January 2023 and December 2022. Technical analysis can help you predict a move regardless of its cause. Don't believe me? See the 'related publications'. Thanks a lot for your continued support. Namaste.
NASDAQ:TSLAShort
by MasterAnanda
GOOGL: Bullish Reversal Pattern Confirmed on DailyOVERVIEW: GOOGL has displayed a significant shift in its price action on the daily timeframe, transitioning from a corrective bearish phase into a confirmed bullish structure. A classic reversal pattern, followed by a successful retest of a critical level, suggests strong upside potential towards predefined resistance zones. KEY OBSERVATIONS & MARKET STRUCTURE: 1. The Reversal - W-Formation / Double Bottom: o Following an extended retracement from its previous highs, GOOGL formed a clear "W-Formation" or a bullish double bottom pattern. This pattern indicates that sellers lost control at the lows, and buyers stepped in to reverse the trend. The zig-zag lines highlight the swings of this reversal structure. 2. Break of Structure & Confirmation: o The crucial element of this pattern was the break above the neckline (or intermediate resistance) of the W-formation, marked by the horizontal green zone. This breakout signaled a shift in the market structure, indicating that buying pressure was overcoming selling pressure. o Subsequently, price has executed a textbook "Retested Support" of this breakout level (the lower green rectangle around $163.00 - $167.00). This retest, where former resistance acts as new support, is a high-probability confirmation signal for continuation of the new bullish trend. The current price action is bouncing precisely from this zone. TRADE IDEA & POTENTIAL OUTLOOK: Based on the confirmed bullish structure and the successful retest of support, a long opportunity presents itself: • Entry Zone: Entries can be sought around $168.00 - $170.00, following confirmation of a bullish candle bounce from this level. • Stop Loss (SL): A logical stop loss placement would be just below the "Retested Support" zone, specifically below the recent swing low and the lower boundary of the support area, indicated around $163.19. This placement protects capital if the bullish structure fails. • Targets: o 1st Target: 181 to 183 (Green Rectangle): This zone represents a prior supply area or a significant resistance level from earlier price action. It's the immediate upside objective where we might see initial profit-taking or a temporary pause. o 2nd Target: 191 to 193 (Upper Green Rectangle): This serves as the secondary, more ambitious target. It's another historical area of price reaction, representing the next major supply zone that price could aim for if momentum carries it through the first target. INVALIDATION: • The bullish thesis would be invalidated if price decisively breaks and closes below the "Retested Support" zone ($163.00). A sustained break below this level would suggest that sellers have regained control, potentially leading to a deeper retracement or continuation of the previous bearish trend. CONCLUSION: GOOGL is showing compelling technical strength on the daily chart. The combination of a strong reversal pattern (W-formation) and a textbook retest of broken resistance, now acting as support, provides a high-probability long setup. Traders should monitor price action for a sustained move from the retested support towards the identified upside targets. Risk Management is Paramount: Always ensure proper position sizing and adherence to your stop-loss to manage potential downside. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NASDAQ:GOOGLLong
by ManiMarkets