OFF the trendline 225 possible area to restartNot all indicators agree on the move up, but with a gap, great candles positioning themselves into a bit of consolidation and bullish sentiment.
TSLA trade ideas
TSLA Technical Analysis for October 18, 2024Chart Overview:
Price Range: $213.76 (current)
Support Levels:
$213.75: Immediate support level.
$205: Strong support zone formed from previous price action.
Resistance Levels:
$221.33: Key resistance zone, tested multiple times.
$224.98: Strong resistance; a breakout above this could signal a new upward momentum.
Key Indicators:
Volume: Noticeable volume around the current level indicates the possibility of accumulation. However, volume has slightly tapered off during the recent consolidation phase.
Order Blocks: Significant buying pressure is seen in the $213.75-$221 range, which has become a critical consolidation zone.
MACD: The MACD has crossed to the upside but with a relatively weak momentum. It suggests the potential for a bullish push if the MACD continues upward.
Price Action:
TSLA is currently trading within a consolidative range between $213.75 and $221.33. It has found support near $213.75, suggesting accumulation in this area.
The price is struggling to break above $221.33, and further failure to break may lead to a retest of lower supports at $213.75 or below, potentially near the $205 mark.
If the price can break above $221.33 and hold, a rally to the $224.98 level could be expected, where further resistance lies. However, a breakdown below $213.75 could lead to a stronger move downward toward $205 or lower.
Directional Bias:
Bullish if TSLA breaks above $221.33 with strong volume.
Bearish if it breaks below $213.75, leading to further downside movement.
Important Disclaimer:
This analysis is for educational purposes and should not be considered financial advice. All trading strategies carry risk, and past performance is not indicative of future results. Always perform your own research or consult a financial advisor before making trading decisions.
Why Some Traders Fail While Others Profit:
Lack of Strategy Adaptability: While technical analysis (TA) may show clear levels, not every trader interprets the signals similarly. Some may react too soon or too late due to emotional triggers.
Psychological Pressure: Emotions like fear and greed can cloud decision-making, causing some traders to sell prematurely or hold onto losing positions longer than necessary.
Timeframe Mismatch: Day traders and swing traders using the same TA may enter and exit trades at different times, leading to different outcomes even if they are trading the same stock.
For more detailed inquiries or personalized analysis, feel free to send me a private message!
TSLA $ Trade idea!TSLA$ Consolidating for a week following a sell-off off the Robotaxi event. Could see some movement.
Tesla (TSLA): Stuck in a Range after Robo Taxi rumors fizzledAfter being stopped out on our second entry in Tesla, it's time to take another look, although it has been quite uneventful since the big rise on the Robo Taxi rumors back in July. It was a classic “buy the rumor, sell the news” event, showcasing how markets tend to price in events well ahead of their occurrence. Musk's statement that Cybercab production could begin "before 2027" is also seen as highly questionable, given his history of missed deadlines.
Tesla recently got approval from local authorities near its gigafactory in Berlin to move forward with its three-stage expansion plan. Despite protests from locals, this approval allows the company to start building infrastructure for storage facilities, a battery cell test lab, and logistics areas. All of this will take place on land already owned by Tesla. Whether this expansion will be beneficial or problematic for the company remains to be seen in the coming months.
Currently, we still have our limit order from $177 running, and things are looking alright. To better illustrate the situation, we added a fresh chart of Tesla’s range, which clearly shows the situation. After reclaiming the range middle in July, Tesla briefly dipped below but rebounded perfectly from $183, a critical POC (Point of Control). Since July, Tesla hasn’t made any new higher highs, nor has it made lower lows, placing the stock in a tight range. If Tesla loses the range middle, we could see a drop to $183 or even $160. On the upside, breaking above the range high would be essential for further momentum.
It's crucial to focus on higher time frame levels and avoid getting caught up in short-term news or noise. We’ll continue to monitor Tesla’s key levels and update you if any significant movement occurs. 🤝
Tesla - False Bullish Breakout!Tesla ( NASDAQ:TSLA ) is almost back below resistance:
Click chart above to see the detailed analysis👆🏻
Last month, Tesla finally managed to close above the resistance trendline of the long term descending triangle continuation pattern. However over the past couple of days, Tesla stock then tumbled and is now trading below the trendline, potentially creating a false breakout.
Levels to watch: $160, $220
Keep your long term vision,
Philip (BasicTrading)
Update on teslaHi, quick update.
i do want to update some bearish technical scenerios that align with liquidity concepts. (neither bullish or bearish idea is 100% to occur and its important to prepare to all scenerios)
The latest test on demand was not what i was hoping to see. with prices making bad lows (confirm on TPO) and creating a liquidity pool, showing a lack of strength (market moves on the path of least resistance) from buyers(volume is low market shows uncertainty around current price).
We have a gap down (green rectangle) and bad lows, the last imbalances on the chart at 199.48 (if we dont consider the aug 5 bad lows duo to the japanese sell off)
These will hit stop losses and reset highly leveraged positions and most importantly will provide wallstreet a premium price on tsla shares.
That price aligns with targets from both bearish and bullish sides. as of now we are holding the daily 100 ema
the 200 EMA is 201 and the yearly VWAP is also confluencing with that EMA. SHOCKING!
If we are at the parliamentary supply a selling climax will follow.. and the target for it would close the imbalance and the gap would provide us a good low to buy from and grab upside liquidity if not break resistance finally.
in terms of RSI a sell off to that area will give us an oversold RSI on the daily and hit the orderblocks down there!
I am still bullish on tesla but acknowledging these bearish scenerios will help up understand what is happening if they happening. I closed my CFD position in tiny profit but i am still keeping my value investment on and havent sold a bit.
I will happily go further down and give myself a nice CFD trade on tesla from these price targets.!
This is not a financial advice but simply me sharing my ideas and journaling my investments and trading. I hope you all have a great day
I AM STILL BULLISH
THERES A REASON WHY THEY ARE CALLED SHORTS (SHORT TERM) AND LONGS (LONG TERM)
TESLA – Slippery Slope to 208 or a Drop All the Way to 191?Alright, traders, here’s the lowdown on Tesla (TSLA). Things are looking a bit dicey as the price slips through key zones. If the bulls don’t step in soon, we could see TSLA sliding down to the 208-207 range (black box). But if that level doesn't hold, we’re in for a deeper pull toward the 191-188 zone (orange box).
Key Levels to Watch:
Current Price: 218
First Support: 208-207 (black box) – Bulls need to show up here, or it’s more downside.
Deeper Target: 191-188 (orange box) – If sellers keep control, this could be the next landing zone.
The sellers seem to have the upper hand for now, but a bounce from 208 could shift things in the bulls' favor. Keep an eye on lower time frames to catch any early signs of a reversal.
If this analysis helped you, drop your thoughts in the comments—do we hold 208, or are we heading for 191? Follow, share, and spread the word if you found this valuable. Stay tuned for more updates.
Mindbloome Trader
TSLA Best Level to BUY/HOLD 30% gains ABCD fractal🔸Hello traders, today let's review 4hour price chart for TSLA.
Recently we gapped down back into trading range, based on previous
update I still maintain neutral outlook until we complete the
re-accumulation structure, details see idea below.
🔸Having said that I'm expecting a decent 30% bounce in TSLA based
on the ABCD price fractal. ABCD fractal from 2023 projected into
the current market structure, point D expected near 188 usd timewise
most likely December/January. This will be a good reload for the bulls.
🔸Recommended strategy bulls: Bulls wait for pullback to complete
near 188 / point D and BUY/hold for a 30% bounce play. Exit/TP at 250 USD.
good luck traders!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
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Past performance is not indicative of future results.
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TSLA - Does PE Matter? Don't be a Dullard the Answer is NO!So lots of comments in the Twittersphere on how Tesla is not a buy because it is trading at a ridiculous PE of 61. If you are buying stocks based on PE alone, or even PE at all, you are a dullard and stop already.
What matters to the value of the company is the ingenuity, the growth, the potential, not what it's PE is at right now. Had you based your decision to buy TSLA on PE alone, well you still would never own any and missed out on one of the greatest rallies this decade.
Tesla is still in its infancy. They are the clear leader in the EV market and with autonomous driving. They are ready to start production of the Tesla Semi which DHL confirmed goes 500 miles with a full load. They are the leader when it comes to battery backup and lithium power in general. Let's not forget charging stations, best in class!! They have the best solar roofing systems out there which look like real roofs. Yeah their work or consumer Truck looks like shit IMO, but they will hopefully roll out a regular guy truck soon.
Ohhh did I mention robots? This alone could make Tesla a Trillion dollar company itself. At some point every household will have one or two of these running around 24/7 doing chores. I know a lot of people do not like Elon for his political alignment, but if Kamala Harris was on the verge of making a Trillion Dollar robot I would not mind buying the stock.
This is why IMO Tesla is pulling back. Now I have a lot of Tesla already, I had to like NVDA trim some out because it simply was too big of a position in my portfolio to hold like that. However if you don't have any, or just a little, I would have no issue buying here for the long term.
So how about the chart?
Tesla is in a broad consolidation phase after a blow off rally in late 2021. Just a broad consolidation with support at 200 and 160 and resistance at 260. Panic level would be 100, do not want to see a fall below 100. So buy as if you could see 100 trade though I think that is unlikely.
Tesla has also underperformed the market in general which tells me it is out of favor. I see GM trading near an ATH but that is where I would be bailing, GM is the perfect boundary stock. I am a GM guy, I lover their trucks, they also make a nice Camaro and Vette, but their run of the day cars are old. Stay away, don't buy the stock.
What Fundamentals matter then?
Revenue Growth - For a stock trading at a PE above 40 need to see 20% revenue growth minimum. Right now Tesla is just below that around 18%, however their truck does not go into production until next year so I assume that is going to have a large impact on growth.
Gross Income Growth - Again like to see 10% or higher for a stock trading above 40PE. Tesla has been growing above 50% but recently went negative at 15.31%. So we need an explanation. Well Tesla has been aggressive in price cuts to gain market share as BMW, AUDI and others bring EV's to the market. This is what Henry Ford did to become the megaladon he was. Also they increased spending on AI projects. So ok lets give them a pass here.
Gross and Net Margin: Like to see a company makes great products and one sign of that is the profit margin or the markup they are able to sell their products for. Gross profit margin for Tesla was 18.25% last year.
R&D - Some companies provide dividends, but companies like TSLA NVDA and AMZN invest that money back into new products. TSLA is reinvesting about 25% of its profit in Research and Development. As mentioned above, they are pushing hard into AI projects and AI is the future.
Net Income to Sales Revenue - 15.5% like to see a high net income to sales ratio.
All in all these all don't mean a lot on their own because GM has similar numbers to be honest. So what matters then? How do you really catch those companies that will continue to grow? Let's boil it down to this to keep it simple.
I want to invest in companies that are bringing new products to market that will make a difference in our lives. Amazon is one such company, who cares they were trading at a PE of 160, 200 or higher 10 years ago, how did that work out for those investors that invested in Amazon. Apple is another. I remember 8 years ago Apple was trading at 90bucks. It had a PE of 20 and everyone thought it was dead. However Apple was making new products and more importantly services, and now after a 5-1 stock split apple is trading at 200 or 10x's higher than it was in 2016.
So though I do look at fundamentals and want to see growth growth growth, I also want to see new products coming to market as well and with Tesla we have growth and new products coming to market. Between new hardware such as the Semi, Robot, power supplies, batteries, etc... and all the software services they will also provide TSLA is a buy. I would not be surprised in 10 years to see TSLA trading at $2000.
Never bet against geniuses like Steve Jobs and Elon Musk, failure is never an option.
TSLA – October 16, 2024Key Levels:
Support:
217.18
213.91 (next significant volume-based support below)
Resistance:
222.36 (short-term level)
225.63 (high volume zone above)
Indicators & Setup:
Volume Profile: The bulk of the volume (blue area) suggests that the price has found balance around the 219–222 range. Below 217, a thin volume zone could trigger a sharp drop if selling pressure continues.
EMAs:
Purple Line: 161 EMA is above the candles, suggesting a bearish trend.
Blue Line: Possibly 15 EMA, curling sideways with some consolidation. No clear bullish momentum yet.
MACD: The histogram seems to be fading, showing decreasing bullish momentum, while the signal line is still slightly above the baseline.
Price Action Observations:
TSLA attempted to push higher but faced rejection around 222.36. The rejection with a bearish candle suggests sellers are active at this level.
If the price breaks 217.18, watch for further downside towards 213.91.
For upside, a break above 225.63 could lead to a continuation rally.
Scalping Setup:
Short Bias: If the price stays below 222 and fails to reclaim higher resistance, consider shorting towards the 217 level.
Long Setup: If it reclaims 222 with strong volume, target 225.63 for a scalp exit.
Disclaimer:
This analysis is for educational purposes only and should not be construed as financial advice. Always perform your own research or consult a professional before making trading decisions. Trading involves risk, and you can lose more than your initial investment.
TSLA - Get Ready To Long Again...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈TSLA has been trading within a big symmetrical triangle marked in blue.
Moreover, it is retesting a strong support zone around $200 round number marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
📚 As per my trading style:
As #TSLA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Tesla at a Crossroads: Breakout to $271 or Breakdown to $191Good morning, Trading Family!
Tesla’s price is idling in neutral, stuck between a potential breakout to $271 or a breakdown to $191. It’s like watching Elon flip a coin—will it blast off like a SpaceX rocket, or will the bears run out of juice and send it rolling downhill?
This kind of consolidation feels like the calm before the storm. Traders, keep your seatbelts fastened—whether it’s full throttle to the upside or a hard brake toward lower levels, this chart promises some action ahead.
Stay patient and focused. Trade what you see, not what you hope for.
– Mindbloome Trader
TSLA forming VCP on Weekly/MonthlyVCP is well know trading pattern founded by Mark Miniverni. We can see some tight consolidation in TSLA for few Weeks or Months. And then can expect nice breakout which can Potential create New ATH.
Tesla at a Crossroads: Will It Bounce to $275 or Slide to $202?Tesla’s at a make-or-break moment—are we looking at a nice correction back up to $275, or is it about to drop through the floor to $213, $208, and maybe even $202? If that $208 level doesn’t hold, we’ve got a strong 50% Fibonacci support around $203-$202—but whether it’ll catch Tesla or not is anyone’s guess.
Let’s dive into the key levels to watch and figure out if Tesla’s going to rebound or if we’re in for a deeper slide.
If you found this useful, give it a like, share your thoughts in the comments, and hit follow for more updates. Your support means a lot—after all, I need something to hold me up when Tesla can’t hold $208!
Mindbloome Trader
Big Consolidation, Big Move? NASDAQ:TSLA is going sideways in a range. This breakout will be explosive 🌋🧨 💥...
The more time passes the more confident i amThe more time moves (i tried to catch the knife when i witnessed the reaction at 217)
i become increasingly more confident on an upmove (at least a gap close).
I wanted to make note that there's a baby head and shoulders bottom in this fractal change and we have bullish divs on RSI.
so it makes increasingly higher probability we will make a full rotation play to value high level (at about 250 usd) and fill the gap.
and i can make a lower timeframe trendline.
infinite money glitch here we GO
check my other posts on TSLA to enjoy my TA and the main idea for higher timeframes!
#Tesla Analysis : +20% so far, What's Next ? (READ THE CAPTION)By analyzing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that, as expected in the previous analysis, Tesla stock faced selling pressure after reaching the supply zone of $233 to $271. This selling pressure intensified this week, causing the price to drop by about 20%, reaching $214. Currently, Tesla stock is trading around $220. We will likely see a slight upward move followed by further declines in the stock.
The Main Analysis :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Expecting Bullish Prices on TeslaFrom this level the market price in my view is very likely to trade higher over the next few weeks to couple of months. I'm bullish here!
Let's see what happens over the next few weeks / next 2 months.
Tesla product event was also very promising and makes me more bullish on the company as Tesla is showing progress with their innovations from Vehicle design & technology to robots.
Nonetheless, note that this view is mainly from a technical perspective as opposed to fundamental.
Where Next for Tesla After the Cybercab Disappointment?Tesla’s latest “We, Robot” event failed to live up to the market’s high expectations, causing the shares to gap lower. With investors shifting focus to short-term challenges rather than long-term dreams, let's take a look at what’s next for Tesla.
Cybercab: A Vision With No Immediate Payoff
Tesla’s much-anticipated Cybercab ended up as more of a damp firework than a game-changer. The main disappointment stems from the distant production timeline. Investors were hoping for significant advancements in Tesla's product lineup, but instead, they were introduced to prototypes that won’t see commercial production until at least 2026. The lack of near-term revenue opportunities was glaring.
While the self-driving taxi concept fits Tesla’s futuristic vision, the event offered no immediate commercial impact. Alongside the Cybercab, Tesla also unveiled the Optimus humanoid robot and the Robovan. However, these products, though exciting in theory, are unlikely to contribute to Tesla’s bottom line anytime soon. The market was left wondering if these ambitious projects would bring any near-term benefits at all.
In the meantime, Tesla faces rising competition in the electric vehicle (EV) market, along with slower-than-expected Cybertruck production. The combination of these challenges, paired with the lack of immediate profitability from the Cybercab and other products, weighed heavily on Tesla’s share price.
Tesla’s Technicals: A Shift in Momentum
From a technical perspective, Tesla’s share price has seen a key shift in short-term momentum. In August and September, prices were trending higher, with expectations of retesting the July highs. However, the shares have hit a roadblock in October, gapping below its ascending trendline and the 50-day moving average.
With short-term momentum firmly bearish, Tesla is now approaching its 200-day moving average. If the bearish pressure continues, a retest of the August lows appears likely. A failure to hold these key support levels could fuel further selling pressure, making a recovery seem increasingly distant without a strong fundamental catalyst.
For now, Tesla looks stuck in a long-term range, with investors eyeing both long-term innovations and short-term challenges.
Tesla (TSLA) Daily Candle Chart
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TESLA the gift from ELON MUSKHi everyone,
I am going to long this tesla until the gap open. NASDAQ:TSLA
TESLA LONG FROM RISING SUPPORT|
✅TESLA is trading along the rising support
And as the stock will soon retest it
I am expecting the price to go up
To retest the supply levels above at 230$
LONG🚀
✅Like and subscribe to never miss a new idea!✅
