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TSLA HTF & LTF Trade PrepMulti-time frame analysis is key in this style of trading - and it takes time to get used to. The best thing we could do to set ourselves up for success is to PREPARE our charts and our trades to where we're only executing once we see our analysis come to fruition. We want to be ahead of the charts but only once we've gotten proper confirmation - and that's what our algorithms tell us.
Happy Trading :)
Covered call on TSLA I bought shares off of the 200 sma on the daily and the 100 sma on the weekly. I really wouldn't be mad / sad or upset if I sold those shares at $242.40
:-)
#TSLA: Technical Analysis
Trend : Range /sideways
Pattern : Symmetrical Triangle
Price may break the down trend line. if price breaks the down trend line , a bullish may be seen here. But it may not be a strong bullish. So price may stay in a range. This range can be (203-229)
229 - may act as a strong resistance.
203 - may act as a support
(information :NOT ADVICE.)
Tesla’s China-Made EV Sales Rise Amid Strong CompetitionTesla Inc. ( NASDAQ:TSLA ) continues to make significant strides in China, the world’s largest electric vehicle (EV) market. According to the latest data from the China Passenger Car Association (CPCA), sales of Tesla’s China-made EVs rose 3% year-over-year in August. Deliveries of the Model 3 and Model Y surged by 17% from July, driven by Tesla’s aggressive strategies to attract local buyers. As the company expands its influence, a closer look at both the fundamental and technical aspects of Tesla’s stock reveals an intriguing narrative for investors.
Rising Sales Amid Fierce Competition
Tesla’s growth in China is particularly impressive given the fierce competition it faces from domestic EV makers like BYD, Leapmotor, and Li Auto. BYD, Tesla’s biggest rival in China, reported a staggering 35.3% year-over-year increase in sales, reaching a record high of 370,854 units in August. Despite this, Tesla’s consistent performance indicates that it is holding its own, thanks to several strategic moves:
1. Extended Incentives and Financing Options: Tesla has been offering zero-interest loans of up to five years since April, catering to cautious buyers amid a sluggish economy. This strategy has proven effective, especially in smaller cities, where Tesla saw a 78% year-on-year increase in deliveries in tier-three cities and a 47% rise in second-tier cities like Hangzhou and Nanjing.
2. Government Endorsement: Tesla has gained significant government backing, with several local authorities recently approving Tesla models for official car purchases. This endorsement helps Tesla penetrate segments of the market previously closed off due to regulatory restrictions, boosting both its sales and brand credibility.
3. Expanding Product Line: Looking to keep its offerings fresh, Tesla plans to produce a new six-seat Model Y in China starting in late 2025. This move is seen as an effort to appeal to family-oriented buyers and differentiate Tesla from other competitors in the market.
Despite a global downsizing of its sales force, Tesla’s China operations have maintained strong sales momentum, thanks to these strategic adjustments. Analysts project that if the current trend continues, Tesla could hit a record quarterly sales volume in China for Q3 2024.
Navigating a Mixed Market Environment
Tesla’s stock has shown a mixed performance recently, with technical indicators presenting both opportunities and cautionary signals for traders:
1. Price Action and Chart Patterns: Tesla’s stock was up 3% in Friday’s extended trading session but dipped 0.18% in premarket trading on Tuesday. The chart shows a bullish engulfing pattern, a positive signal suggesting that buyers are stepping in at current levels. This pattern, coupled with a moderate Relative Strength Index (RSI) reading of 50.21, indicates a potential uptrend in the near term. If the RSI dips to 40, near the one-month low pivot of $183, a rebound could be expected.
2. Support and Resistance Levels: Tesla’s stock is poised to hold its current levels, with analysts maintaining a “Hold” rating on the stock. Key support lies around $183, while resistance levels hover near $200, indicating that Tesla could be gearing up for a potential breakout if buying pressure increases.
3. Investor Sentiment and Volume: Trading volume and investor influx are critical factors. A surge in these could further propel the stock upward. With the introduction of Tesla’s Full Self-Driving (FSD) feature in China expected by year-end, sentiment could turn increasingly positive, leading to higher trading volumes and bolstered prices.
Outlook: A Balanced Perspective
Tesla’s ongoing success in China and strategic initiatives point to a promising future, but investors should also be mindful of the broader market conditions. With high competition, economic pressures, and evolving consumer preferences, Tesla’s path forward in China will be closely watched. Technically, the stock shows signs of resilience, but maintaining its trajectory will depend on continued strong sales performance, positive regulatory developments, and the successful execution of new product rollouts.
For traders, Tesla offers a balanced risk-reward profile at current levels. The fundamentals provide a strong backdrop, while the technicals suggest that the stock is at a critical juncture. Whether you’re looking to hold for the long term or capitalize on short-term price movements, Tesla remains a key player in the evolving EV landscape. As always, keep an eye on macroeconomic trends and market signals to navigate this dynamic market.
TSLA, long, Entry: 217.99, Stop: 215.73, Timeframe: 4h**Trade Type:** long
**Ticker:** TSLA
**Entry Price:** 217.99
**Stop Loss:** 215.73
**Take Profit 1:** 220
**Take Profit 2:** 225.45
**Risk/Reward Ratio:** 3.35
**Timeframe:** 4h
Tesla Long - Elon for President?Hello everybody.
Storyline: Elon for President? You can bet that Tesla will pump if Trump wins the elections. Besides of that, rising china sales, unveiling the robotaxi etc. pp. There are many things imo which speaks for Tesla while the masses brag about his political views.
Market: Decreasing rates, good looking economic data for the US at least.
Chart: Keep it simple! Did we create lower low on the weekly? No? Why shouldn't we attack the top 25% of the weekly swing then to confirm that we "really" do wanna go further down. I don't know and it's not in my interest to know if Tesla might even break that prior weekly high, but I do know that we logic wise should attack the top of the swing to either confirm the bearish idea or create even a higher high. Additionally, just as an idea, think of laddering. Look at the higher timeframes how we bounced off major weekly / daily levels and slowly steady climb up.
Best of luck!
TSLA down a little more before a rallyThis is just a continuation of my last TSLA post because the comments were getting too long, but my conviction remains the same.
I want us to hit a little lower before we head to the upside.
Conservatively, just south of 200, with room to hit lower - green circle is the target, with a few support options available to us.
With the small sloping distribution currently showing on the smaller timeframe, a push down even lower than that to 180 range looks entirely possible, and with dates like NFP coming up that sees strong pulls in a direction, it fits my narrative.
Will do some more updates in the coming days to support the theory, though you can look at my previous post which goes into detail.
TSLA gains for this month?Speculating an increase in share price with TESLA, will bulls continue their optimism or will macro-economic data send shockwaves through the markets?...
Either way have a productive week.
TESLA: Bullish: Inverted Head and Shoulders "in formation?! TESLA: Bullish: Inverted Head and Shoulders "in formation?! To watch
Concerning Tesla, as you can see, we are on the 38.2 Fibonacci of the decline from the historic high of $414 on November 4, 2021 to the low on January 6, 2023.
We are currently on the 38.2% Fibonaccio which is not a very high level; in the end. It is the "wolf of Zurich" who has detected a POSSIBLE "inverted head and shoulder" (inverted ETE); which if it becomes valid would give a first target around $245, then $275, and $307 (66% Fibonacci) and finally $400.
NB: I calculated all these levels in advance for you 'also thanks to Ichimoku.
So on an "inverted ETE" we are watching volumes and at the break of the "neckline" we enter the purchase, and we put our "stop loss" below the previous low, according to your currency management!
In addition, Tesla will also announce and present its robot taxi on October 10, 2024 so I think that at the macroeconomic level it will move.
Can you imagine such news, a presentation of the Tesla robot taxi, and nothing happens on the markets??!!!
I don't think so!!
However, if you currently want to short sell Tesla you can do so, and you can put a "Reverse stop" above the previous high, that is to say above the candle of August 16, 2024 around $234, for example.
Be careful on the markets
Tesla Four Trend Analysis ? So right now we need more clarity and more data to determine will this market correct more up and will this level it is holding on hold and back down via where the red line is.
Personally my thesis is 3 scenarios:
Scenario 1:We hold on this pitchfork line and book it down.
Scenario 2: We correct up to the 50% Fib and more pitchfork resistance at the 218 level then head back down
Scenario 3: The market disregards all two scenarios and we punch up which then makes us revaluate our thesis's for the daily trend possibly Weekly and Monthly
Let's see what the market does tomorrow and then we update our thesis from there
What are your thoughts on this analysis ? Do you find it helpful?
MB Trader
Tesla UpdateAs you can see, I have left the target box on the chart for c of b of B as I don't have confirmation that part of the pattern has concluded. I think that it most likely has, but until we can get above $228.21, we can always make another low in this c of b of B. We have some minor positive divergence and MACD seems to be pointing higher at this time. Not to mention we hit inside the target box, at the ideal area I mentioned prior, and followed with a decently strong move to the upside. The strong move in itself doesn't tell us anything, it's just an observation of the action we're getting. If price had intentions of falling back down to make a new local low, I would anticipate it to hit around $220 before falling again to the area of the 1.618 @ $194. For now, my primary is for price to hit the area of $237-$251.95 for the next main target. The ALT suggests B is already over and we're headed lower towards the area of the $170's at a minimum. Should we raise to the c of B box in an ideal fashion, I plan on selling my shares to book profits.
Tesla Daily Correction then back down again? Based on our Monthly and Weekly Thesis: Tesla seems to be correcting up which I assume will either hit our black fib line or possibly back into our pitchfork lines which overlap with our fib lines making that resistance much more harder to break; please see drawing.
For me to continue with the bearish thesis I must see Tesla hold at one of those lines then punch down to the 174 price area to confirm our Weekly and Monthly vision.
Currently based on the data we are correcting up however stay tuned for our four analysis on the market
MB Trader
Tesla Weekly Analysis ? Bearish quite possibly Weekly: Tesla:
My thesis is if we continue bearish and break the pitchfork resistance at the 200 area we will then go down to 176 range which could possibly see some type of correction before continuing to head to our first goal which is 142.93 which then we could see a correction before heading further south.
The key here is with the bearish thesis is to make sure we break the 205 area , then 190 then go to 180 range first before this thesis becomes more true and evident to our lower targets.
Let me know what you think ?
MB Trader
Tesla Monthly Analysis Based on what I see currently Tesla has hit its monthly target up: please see the red line. It appears we are heading on a bearish trend to the following red lines below.
Lets see how the market interacts in the coming months
MB trader
