Deja Vue, but not yet poppedMuch to high in a much to short time is not yet a bubble for good stocks, but correction time should be soon.
4TSLA trade ideas
TESLA futureThe future of Tesla looks bright.
Elon Musk is telling you this already.
You just need to listen.
Tesla > Nvidia soon.
TradingView Idea for Tesla (TSLA)Technical Analysis Summary:
Current Signal: Hold
Oscillators: Bearish sentiment with Stochastic RSI and Commodity Channel Index suggesting sell signals.
Moving Averages: Predominantly bullish, indicating upward momentum.
Pattern: Channel up pattern suggests potential bearish movement towards support levels around $449.84.
Bollinger Bands: Indicate overbought conditions, suggesting a possible price correction.
Overall: Mixed signals with a slight bias towards caution due to bearish oscillators and emerging channel pattern.
News Sentiment:
Positive Sentiment: Predominantly positive news sentiment with 19 positive articles versus 5 negative ones, potentially driving investor confidence.
Fundamental Analysis:
Strong Metrics: High return on equity (ROE) of 19.35% and a solid current ratio of 1.84.
Valuation Concerns: High P/E ratio of 65.59 suggests potential overvaluation.
Analyst Recommendations:
Positive Outlook: 28 out of 60 analysts recommend buy or strong buy, indicating potential for growth.
Options Strategy Recommendations for Tesla (TSLA)
1. Bull Put Spread trade_id: g-645301
Signal: Bullish
Underlying Price: $471.77
Strategy Premium: $0.24
Max Gain: $24.00
Max Loss: $476.00
Breakeven: $392.26
Probability of Profit: 94.97%
Leg 1:
Action: Sell
Strike Price: $392.50
Expiration Date: 27-Dec-2024
Implied Volatility: 69.93%
Leg 2:
Action: Buy
Strike Price: $387.50
Expiration Date: 27-Dec-2024
Implied Volatility: 71.70%
2. Long Call trade_id: g-657308
Signal: Bullish
Underlying Price: $471.77
Strike Price: $395.00
Expiry Date: 20-Dec-2024
Premium: $68.92
Stop Loss: $62.03
Take Profit: $75.81
Probability of Profit: 59.39%
Implied Volatility: 92.64%
Max Loss: $6,892.50
Breakeven Price: $463.93
These strategies align with the current technical analysis and market sentiment, providing a balanced approach to trading Tesla options.
If at New York open this is under a Bearish FVG then wait to retest the most recent one to Short
TESLA tags my Target 2 price objectiveTracking Tesla is an exhilarating experience, thanks to its significant price fluctuations, the attention it garners, and the charismatic presence of Elon Musk. The momentum of this electric vehicle powerhouse seems unstoppable.
This year has truly been a wild ride for Tesla! It started with a dramatic 30% drop in stock value during the first quarter, fueled by worries about falling revenues and challenges with vehicle profit margins. This was Tesla's toughest quarter since late 2022. However, as we look at the current situation, the company's financial and operational performance is on the upswing. The enthusiasm and optimism surrounding this stock are off the charts.
Fortunately, we successfully capitalized on the two major movements from the peak of the previous cycle in 2021, leading us to the current extraordinary surge (or perhaps more fittingly, a "Marsshot!") that both the stock and Elon are experiencing.
Tesla's Bullish Outlook: A Closer LookBeyond its electric vehicles, Tesla is at the forefront of AI research and development. Its self-driving technology, Autopilot, and Full Self-Driving (FSD) capabilities are prime examples of this. These advancements have the potential to revolutionize transportation and significantly impact other industries.
The Impact of SoftBank's Investment
SoftBank's significant investment in US AI infrastructure further solidifies the growing importance of AI and its potential to drive economic growth. This investment could indirectly benefit Tesla, as it might lead to increased demand for AI-powered solutions and accelerate the development of AI technologies.
Kathy Wood's Bold Prediction
Cathy Wood's optimistic forecast for Tesla's future is based on the company's strong fundamentals, innovative products, and disruptive potential. While her prediction is ambitious, it's not entirely unrealistic, given Tesla's track record of exceeding expectations.
Technical Analysis and the $700 Target
The monthly chart you're referring to provides a long-term perspective on Tesla's price trajectory. While technical analysis can be a valuable tool, it's important to remember that it's not a crystal ball. Market conditions, economic factors, and unforeseen events can all influence stock prices.
Cautious Optimism
While Tesla's future looks promising, it's crucial to approach investing with a balanced perspective. While the company's long-term potential is significant, short-term market volatility and unforeseen challenges can impact its stock price.
Before making any investment decisions, it's advisable to conduct thorough research or consult with a financial advisor. Consider factors such as the company's financial performance, competitive landscape, and overall market conditions.
Remember, past performance is not indicative of future results. While Tesla has a strong track record, it's essential to approach investing with realistic expectations and a long-term perspective.
What About This #1 Stock Makes It A Good Buy?This stock is moving together with the NASDAQ.
This is one of the good signs that it is a good buy.
When I first started learning how to trade, I got a book from Amazon
kindle around 2017
after following a trader known as TIm Sykes.
Introduced to me by Robert Kiyosaki.
The book is written by Mathew Kratter
inside this book which is called "Rocket Stocks"
I discovered a strategy to easily buy stocks.
I got this strategy and then I adapted it
to form a simple strategy
which I call the rocket booster strategy
Which has the following 3 steps:
The price has to be above the 50 Simple Moving Average
The price has to be above the 200 Simple Moving Average
The price has to gap up
You are probably thinking right now. like
"Is it really that simple?"
If you want to learn more rocket boost this content
-
Disclaimer: Trading is risky please use
a simulation trading tool before you
trade with real money
And learn profit taking and risk management
strategies.
$TSLA The High-Stakes Bet on Future Growth
"Tesla isn’t just an automaker—it’s a revolution in motion, blending cutting-edge technology with daring ambition. But is its sky-high valuation the cost of innovation or the price of perfection?"
Introduction
Tesla has evolved from a disruptor in electric vehicles (EVs) to a global powerhouse in energy storage, solar technology, and autonomous driving. With 2023 revenue soaring to $96.77 billion, the company is growing at a breakneck pace. Yet, with a forward P/E of 139.93, Tesla's valuation raises questions for investors: does the potential outweigh the risks?
This analysis unpacks Tesla’s financials, market position, growth opportunities, and the challenges it faces as an industry leader.
Financial Analysis
1. Revenue Growth
Tesla's $96.77 billion in revenue for 2023 reflects an impressive 18.8% YoY growth, driven by:
EV Sales: Bolstered by demand for the Model Y and Model 3.
Energy Storage: Expansion of Tesla’s Megapack installations for grid-scale projects.
Services: Growth in software and maintenance revenues.
💡 "Tesla’s revenue streams are diversifying, but EVs remain its lifeblood."
2. Profitability Metrics
Net Income: $15 billion, with margins improving despite supply chain challenges.
Earnings Per Share (EPS): $3.65 TTM, highlighting strong profitability.
Tesla's margin growth reflects its operational efficiency and cost control in an inflationary environment.
3. Cash Flow and Liquidity
Operating Cash Flow: $14.48 billion—a clear indicator of Tesla’s ability to generate cash from core operations.
Free Cash Flow: $3.61 billion after substantial capital expenditures of $10.87 billion.
💡 "Tesla’s aggressive spending on R&D and manufacturing is a double-edged sword: it fuels growth but pressures free cash flow."
4. Valuation Metrics
Tesla’s valuation is a hot topic:
Forward P/E: 139.93—a sign of immense market optimism but also a cautionary signal.
EV/EBITDA: 104.16, reflecting high expectations for future profitability.
PEG Ratio: 17.04, showing Tesla’s growth is priced at a premium.
Market Position and Competitive Advantage
Innovation at the Core
Tesla leads in:
Battery Technology: Pioneering advances in energy density and lifecycle.
Autonomous Driving: A front-runner in full self-driving (FSD) software development.
Infrastructure: The Supercharger network provides an unparalleled ecosystem for Tesla owners.
Brand Strength
Tesla has redefined itself as both a luxury and a technology brand, attracting loyal customers who value innovation and sustainability.
Growth Opportunities
1. Autonomous Vehicles (AVs):
Tesla’s Full Self-Driving (FSD) technology represents a massive untapped revenue stream. If approved and scaled, the potential for:
Licensing the tech to other automakers.
Launching a robotaxi network.
💡 "FSD is the golden goose, but regulatory hurdles keep it caged—for now."
2. Energy Storage and Solar:
Tesla’s Megapack and Powerwall systems are gaining traction in commercial and residential markets, while its solar division capitalizes on the global push for renewable energy.
3. Global Expansion:
Tesla continues to scale its manufacturing capacity with Gigafactories worldwide, including new projects in Mexico and expanded operations in China.
Risks and Challenges
1. Regulatory and Legal Risks:
Autonomous driving faces scrutiny due to safety concerns, while data privacy regulations could impact Tesla’s software-driven business model.
2. Intensifying Competition:
The EV market is growing crowded, with legacy automakers like Ford and GM ramping up EV production alongside newcomers like Rivian and Lucid Motors.
3. Execution Risks:
Elon Musk’s ambitious roadmap often hinges on breakthroughs that may not materialize on schedule, adding volatility to Tesla’s stock performance.
💡 "Innovation is Tesla’s greatest asset, but execution risks loom large when aiming for the stars."
Stock Performance and Institutional Sentiment
1. Price Trends:
Tesla’s stock remains volatile, reflecting high sensitivity to news, product announcements, and quarterly earnings.
2. Institutional Ownership:
With hedge funds and mutual funds maintaining significant stakes, Tesla continues to attract institutional interest despite its lofty valuation.
Conclusion
Tesla remains a leader in innovation, with growth prospects spanning EVs, energy storage, and autonomous driving. However, its high valuation demands flawless execution and belief in its long-term vision.
For investors, Tesla represents both an opportunity and a challenge—a high-risk, high-reward play that requires conviction in its disruptive potential.
Recommendations:
Long-Term Investors: Hold or accumulate on dips if you believe in Tesla’s future vision.
Short-Term Traders: Consider rebalancing given the current valuation unless a clear catalyst for further upside emerges.
🚀 Want deeper insights into Tesla and other top stocks? Visit DCAlpha.net.
Tesla (TSLA) Descending Triangle Breakout - Key Levels!Tesla (TSLA) is showing a potential breakout from a descending triangle pattern on the 30-minute chart, indicating bullish momentum:
Entry: $435.66 (yellow line - breakout level).
Stop Loss (SL): $420.90 (white line - key support).
Target 1 (T1): $462.25 (red line - first resistance).
Target 2 (T2): $489.33 (green line - major resistance).
This breakout aligns with increasing volume, signaling strong upward potential. Keep an eye on $435.66 for confirmation.
TSLA Technical Analysis (TA) and GEX for Dec. 20Market Context
Tesla showed weakness today, closing lower after a significant intraday decline. The price action reflects selling pressure with volume increasing during the latter part of the session, indicating bearish sentiment.
1. Key Levels
* Support:
* $425.00: Put Wall support and critical level for a bounce.
* $420.00: Next downside target in case of further weakness.
* Resistance:
* $437.85: Immediate resistance, aligned with price rejection today.
* $445.00: Gamma level resistance that needs volume to break.
* $460.00: Significant GEX resistance above, unlikely to be tested tomorrow unless strong buying resumes.
2. Price Action Insights
* Tesla has broken out of a rising trendline, forming a bearish structure on the hourly chart.
* The current descending price channel indicates further downside unless $437 is reclaimed quickly.
* Intraday volume spiked during the sell-off, suggesting bearish conviction.
3. Indicators Analysis
* 9 EMA and 21 EMA:
* Both are trending downward, reflecting short-term bearish momentum.
* MACD:
* Bearish crossover on the hourly and 2-minute charts confirms the downtrend.
* Options Oscillator:
* Call activity still dominates at 105.2% GEX, but bearish price action overshadows sentiment.
4. GEX Analysis
* Gamma Levels:
* $430.00: High Volatility Level (HVL); this is the pivot for tomorrow’s trading.
* $445.00: Major call wall resistance.
* $425.00: Key put wall support.
* $420.00: Critical gamma floor; breaching this signals further bearish pressure.
Trading Outlook for Tomorrow
Bullish Scenario:
* A recovery above $430 with volume could target $437 and possibly $445.
Bearish Scenario:
* Failure to hold $425 leads to $420, with further downside potential if selling accelerates.
Neutral/Range-Bound Scenario:
* Likely consolidation between $425 and $430, given today’s sharp decline and investor caution.
Actionable Suggestions
* Entry:
* Bullish: Above $430 for a move toward $437 and $445.
* Bearish: Below $425 for a drop toward $420.
* Stop-Loss:
* Long: Below $425.
* Short: Above $430.
* Scalping Opportunity:
* Quick trades between $425–$430 with tight risk management.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform due diligence and manage risk appropriately before trading.
Tesla Analysis: Key Levels - Dec 23, 2024Hello, this is Greedy All-Day.
Today, we will analyze Tesla's chart.
📈 Weekly Chart
Looking at Tesla's weekly chart, we can see that the resistance trendline from the November 2021 high has been broken in the red box area. This breakout occurred in October 2024, and since then, Tesla's stock price has surged by approximately 90% in just two months.
📉 Daily Chart
On the daily chart, Tesla's strong upward trend is evident, as the 20-day moving average has a steep upward slope, indicating a powerful bullish momentum. Additionally, the 60-day moving average is rising alongside the 20-day moving average, suggesting that the upward trend is unlikely to break easily.
🔍 Zoomed-In Daily Chart
Tesla's current support level is critical for maintaining the upward trend.
The 415 level, which previously acted as resistance (shown in the green box), is now being tested as support. After breaking the previous high, Tesla has risen by 18.5%, and the key question is whether it will establish a new upward framework or fall back into the green box's range.
If Tesla fails to hold the 415 level, there's a high likelihood of a correction down to the 300 level.
Reasons:
Historical data shows that 300 was the peak resistance level during rebounds like dead cat bounces in the past (red box area).
The only significant resistance during the current rally was near 360, which lies between 415 and 300. The rally was so sharp that there are no "support levels" in between, meaning a sharp decline to 300 is possible if selling pressure intensifies.
📊 Tesla Buying Strategy
Key Recommendations:
Red Box Entry (Breakout Trades):
While breakout trades at all-time highs are a typical strategy, this approach carries significant risk. Given the 18% remaining upside, entering at this level is not recommended.
1st Entry (Green Box):
This area is a good entry point because the previous resistance at 415 has now turned into potential support. However, since this level doesn't have much historical data, it’s advised to use only a small portion of your funds for this entry.
2nd Entry (Blue Box):
This is a high-probability rebound zone. This area was a key resistance level in July 2023, and after being broken, it has served as strong support.
3rd Entry (Purple Box):
This entry is based on Tesla's long-term upward trendline starting in June 2019. If Tesla drops to this area, it could provide a strong rebound opportunity. However, if the trendline breaks, it may signal a trend reversal, so caution is advised. Be prepared to exit quickly if needed.
💡 Final Thoughts:
As shown in the charts, opportunities always come in the market. Patience is key to earning profits. Instead of chasing every rally, wait for solid setups.
If you found this analysis helpful, like and follow me for more updates. Have a specific stock you'd like analyzed? Drop a comment below!
This translation maintains the professional tone and trading insights from the original post while adapting it for an English-speaking audience. Let me know if you'd like any adjustments!
Invest in Tesla for a Potential Bounce Back Next Week
Tesla has recently faced significant volatility, retreating sharply from
previous highs around $488 to a current level of $421.06. This price movement
reflects persistent selling pressure and profit-taking among investors, with the
stock closing near critical support levels. The broader tech sector's mixed
performance further complicates investor sentiment, as stocks like Apple and
Amazon also experience fluctuations. Amid this backdrop, many analysts remain
optimistic about Tesla's potential, particularly due to advancements in low-cost
electric vehicles and its autonomous driving technology.
Investors should note certain actionable insights: the current support sits at
$419 and $415, and a breach of these levels could signal further declines
towards $400. Conversely, watch resistance levels at $438 and $449.50, as a
breakout above these could indicate a potential bullish reversal. As sentiments
fluctuate, Tesla's recent recall concerning nearly 700,000 vehicles due to a
tire pressure monitoring issue has introduced additional volatility, impacting
short-term trading behavior and investor confidence.
Expert opinions appear divided on Tesla's valuation with some, like Ron Baron,
foreseeing a potential market cap of $5 trillion over the next decade based on
long-term advancements in EV technology. On the other hand, caution arises from
concerns over the stock’s current overvaluation in a bearish market environment.
Traders must keep a keen eye on Tesla's price movements and broader market
conditions as both contribute to the overall sentiment and trading strategies.
For next week, price targets based on professional traders' insights are set as
follows: Next week targets are T1 at $430 and T2 at $440, suggesting a potential
recover if bullish momentum develops. For managing downside risk, stop levels
are set at S1 at $415 and S2 at $410, ensuring that the strategy is aligned with
market fluctuations.
The recall announcement has generated mixed reactions; while providing needed
updates, it raises investor concerns regarding operational integrity and
potential long-term impacts on market confidence. Additionally, Tesla’s ongoing
efforts to develop a new autonomous driving platform and production of low-cost
electric vehicles position it as a key player in the evolving EV market
landscape. Investors will need to monitor these developments closely to assess
their effects on stock performance and market sentiment.
TESLA RISKY LONG|
✅TESLA has been falling recently
And the stock seems locally oversold
So as the price is approaching a horizontal support of 410$
While trading in a long-term uptrend
Price growth is to be expected
LONG🚀
✅Like and subscribe to never miss a new idea!✅
24/12/13 Tesla 427 USD - volcano erupted Tesla actually as an high flyer. Since end of october, the value has been doubled.
Are there any fundamental reasons, to substantiate such a move?
100% for sure not. Why?
Musk will launch next year another cheaper car. This may help to keep the piece of the market, but not to increase very higher sales in total. 2024 tesla sold end of Q3 not more cars than in 2023. last quarter .- we will see. But chinese Market is blocked by there own. See, in what a velocity china creates new companies in EV. They do it in the same way how they did it with PV Moduls.
Musk also will push the robotaxi. But he has neither a requires functionality nor a permission for such vehicles. And dont forget, amazon and google have already such cars driving. Google with her daughter with 50000 bookings per week, which will generate a lot of datas, Tesla does not have. And lot of important Tesla people in this technology leaved the company this year.
But overall: the US taxi market revenue per year is roundabout 22 B USD. Maybe 10% net earnings. Even with driverless vehicles the net earings are 30%, maximal net earnings for Tesla will be in 3-4 years maybe 70 Million USD, 10 years maybe 800 Million USD (USA, europe). Discount it with 4% and you will see …
If this robotaxi are good enough, not to buy an own car… we will see. Every man liked his own car. And if not, this business model will cannibalize the own business.
So - Tesla is fundamental overrated.
Technical side see chart.
Maybe actually prices are driven by short covering (remember Volkswagen and Mr. Merckly was driven in suicide).
So, prices now on upper bollinger boundary.
Prices extrem above SMA 40 Weeks, which was a sign for sharp correction.
And - I guess, some Short Sellers are coming onto to the floor.
But - richest man in the world is naturally at any time aible, to buy for private, for several billions. That means: Hedge funds as short sellers must have min. 10-20 B USD to fight or covered.
Dan 13.12.24
Tesla UpdateI want to start by saying the lower box, at this time, is an estimate. This is assuming that price comes into the 0.786 and reverses. Should price breach that area but still have intentions of dropping in a c wave, the target will be slightly higher. Should price not hit the 0.786 and reverse lower, the target will be slightly lower. The differences between these two possibilities is negligent which is the only reason I am posting this target box.
However, there is still the chance that the pattern has intentions of striking another high to the larger 1.618 @ $537.32. I do not think this will come to pass...but it can. Therefore, whatever your position is or could be, you NEED to keep this in mind. We have no confirmation that the move higher is in fact done. Do I think that it is? Yes, I do. As I mentioned above though, I cannot guarantee that at this time. We still have neg div which does favor a move lower. Ultimately, we just need more data to say conclusively what the pattern has in mind.
This target box would be an ideal spot for the A wave of (4) to terminate should this be an ED. Ideally, we will know more by EOW, but it could make us wait until early next week for answers.
TESLA 300 By DECEMBER Happy 4 of july !!!!!If tesla Pulls Back Hard , good Buy Area will be 205 - 215
Be Patience , Buy and Hold until December . Until 300 . i Would Sell at this point but do your own Research and take action !!
STAY PROFITABLE !!
Next year will be a lot of competition for Tesla because the Aston Martin / Lucid Deal
and NIO already taking the Chinesse market .
Have a Great 4 of July God Bless america and enjoy the Holidays !!!
Stay humble Be a better person.
CAFE CITY STUDIO COMING SOON 2024 !!
Tesla And This 3 Step System The problem with trading is it takes confidence even though you have a system or a mentoring program.
It gets worse if you don't understand risk management and profit taking strategies.
But sometimes losing small is part of the solution.Also finding a great community of traders who are professional
When you look at this chart NASDAQ:TSLA
It's trending following this 3 step system:
🚀The price is above the 50 EMA
🚀The price is above the 200 EMA
🚀The price has to gap up
Now full disclosure I will not participate in this trade because am a Bitcoin Trading Expert
That's what a good at but I don't mind sharing what I see could be a good stock to buy according to my
Continuing trading education.
Remember before you buy to learn risk management and then after that decide when you want to take profit.
If you got value from this Rocket boost this content to learn more.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Also don't use more than x5 margin.
Feel free to use a simulation trading account before you use real money
Tesla UpdateIf y'all remember, I was originally counting the raise off the $101 bottom as the primary wave ((5)) of cycle wave I. Due to the price action we carved out from the April 24' low, I changed that to the cycle wave I as already completed. All I have been seeing / able to count from that low are 3-wave moves. This hardly seems like an impulsive pattern to me. Also, MACD says that cycle wave I ended Nov 21'.
With the recent price action, I am forced to reconsider / revisit my long-term analysis. This leaves only an ED as a viable option should it not be corrective. If this is corrective, it is way over extended and border line invalidated. Yes, an abc pattern can extend above the prior impulsive wave high, and no rules dictate by how much. However, at some point you have to call it what it is and look at other possibilities. That is what I am doing now. Should it not be corrective, which I am extremely doubting, the only other viable option following EWT is an ED. Should it be an ED, then that means price will be required to revisit the high $200's for wave (4). What could cause that kind of a fall in value followed by another larger move higher is anyone's guess.
There technically is one other option. This option cannot be predicted by EWT and there is no way to account for it. That is if some huge news that is unexpected from insiders and retailers' alike drops changing the trajectory of a stock. In this case, for whatever reason I cannot understand, many people thought President Trump was going to lose the election. Before he won, Musk had tied himself very close to the president elect. Did this alter the pattern? We cannot yet know. However, we can boil this stock down to three possible options.
Option #1 - This is a way over extended abc pattern that will be concluding soon. (Least favorite option personally)
Option #2 - This is an ED and we're currently within wave (3). This suggests that price will come down sub $300 to overlap with wave (1) before moving to new ATH's. (My favorite option)
Option #3 - The stock has changed its trajectory / structure due to the election outcome and is now in a very bullish pattern much higher.
Option #1 suggests that price is topping and will head down any time now (again, least favorite option). I have drawn a turquoise box on the chart tracking the Option #2 possibility. Option #3 will follow the turquoise count but not fall as low on the retrace. We will know in the next couple weeks what price has in mind.
Tesla Short Till next bullish FVGTesla going down but look for reversal based on the Bullish or Bearish FVG. Follow for more in depth look.
TESLA bulls take complete control!Boost and follow for more ❤️🔥 Tesla has come a long way since I called the dip buy at the 170 area, congrats to longs!
Recently we have seen Tesla reclaim a major trend support AND a resistance zone all in a single weekly candle, even if we dip a bit from here I still love Tesla as long as 300-314 holds ⚡
a rally higher to 400-500 in the next 2-3 months or so is very likely in my opinion! 🎯
side note: I may hit 12,000+ followers by the time I post another chart or update.. Thank you to anyone that's followed and supported my ideas over the years. You motivate me to keep improving and posting more content. ❤️🔥 see you soon
the effectiveness of Staying with the Trend...Can you see, How buying *Only when the Lines are Blue; Short-Selling *Only* when the Lines are Orange, Would have been an Effective Strategy?
Can you See how going-against the Trend would have been costly endeavor the first six blocks or so, and again, in the September drop, Mid-Screen?
I don't know about You, but I say "Buy in BLUE." not exactly Rocket Science : : )
-You don't Even have to know much about Stocks....
Massive Cup & Handle. TSLA to $400?Hi Traders,
TSLA appears to be breaking the handle in this cup and handle pattern on the weekly charts, with horizontal resistance at $300, and trend resistance at $255. If TSLA can't break trend resistance, I anticipate a pullback to the $230 area.
Targeting $297. If TSLA breaks $300, targeting $405
2024 is a bull market.
Happy Trading!
[TSLA] Tesla will continue to be strong for a long time.
Tesla will continue to be strong for a long time. If there is a correction, there will be a strong rebound in the first and second wave indicators.
TSLA looks like it's getting SHORT SQUEEZEDThese levels of TSLA looks elevated and don't align to fundamentals. After what appears clearly as a short squeeze, the price may come down hard to the $280-320 support levels. TSLZ could be a good upside opportunity! Best of luck and safe trading!
