TSLA trade ideas
Buy Long term buy setups based on the Dib Wave Theory! use trade management and keep the eyes on the box if we break out just keep building ur long term position by adding should not go blow the line at the bottom
TECHNICAL ANALYSIS : TSLA short term shorts into long term buysWe are currently at the point of interest and i am seeking sells but I am waiting for a sell signal from the algo. Overall the market seems bullish but I can see price retracing from this level before going higher. We are trying to catch the retracement. If price does not retrace from the current level in order to take buys I would need to see a break and retest of the resistance levels shown
Buy setup:
Daily timeframe outlook below
Below you will find my attached fundamental outlook on TESLA in the related ideas
FUNDAMENTAL ANALYSIS : Tesla Stock: Roundup May 31
The stock has recovered from its latest downturn, which saw it go below $200 for the first time since December 2020, which is good news for Tesla stockholders.
Tesla stock increased 4.72% for the day and 8.7% for the week as of May 26 when it closed at $193.17. The following variables all contributed to the stock's increase:
- An agreement with Ford (F) allowing Ford EV customers to use the Supercharger network of Tesla starting next year. Ford can provide its consumers with greater convenience and range, while Tesla can increase its revenue from its charging infrastructure. This is considered as a win-win situation for both businesses.
- A report from Forbes that argued that Tesla shares will recover from their recent beating, as the company has a competitive edge over legacy automakers in terms of innovation, software, battery technology, and customer loyalty.
- A bullish prediction from Wedbush Securities analysts, who kept their outperform rating and $1,000 price target on Tesla stock, citing robust demand for the Model 3 and Model Y in China and Europe.
Tesla Stock Faces Challenges Ahead
- Legal and regulatory challenges in different markets. For instance, the National Highway Traffic Safety Administration (NHTSA) is looking into Tesla for possible flaws in its Autopilot technology, which has been connected to multiple deadly collisions. Ex-employees and consumers are suing Tesla over a variety of claims, including fraud, contract violations, harassment, and discrimination.
- Elon Musk's actions and remarks are unpredictable and volatile. The stock price can be significantly impacted by the Tesla CEO's unorthodox and occasionally contentious behavior. As an illustration, Musk has declared on Twitter that Tesla will no longer accept Bitcoin as a form of payment for its vehicles, citing environmental concerns. The value of Bitcoin and Tesla stock both fell precipitously as a result.
While there are positive factors supporting Tesla stock, including the Ford agreement, positive reports, and analyst predictions, the presence of legal and regulatory challenges as well as the impact of Elon Musk's behavior introduce uncertainties that could influence the sentiment on the stock. Investors should consider these factors when making decisions about Tesla stock.
Fundamentally I remain neutral as I see nothing immediate in the short term to cause major movements.
Technical Indicators
Technically speaking TESLA is extremely bullish and is it worth noting that only one oscillator at the moment is indicating overbought while all other remain neutral in a extremely bullish market which is very rare.
I will publish a technical analysis markup on TESLA tomorrow
TSLA: Signs Of Strength (Volume Price Analysis)Here is a look at the 30M chart. As we can see the price has formed a descending channel and a break to the the upside is anticipated. It is important to note that the break out needs to be associated with above average volume.
An idea entry would be a retest of the demand zone.
- Descending Channel
- Support & Resistance
- Selling Climax
- Demand Zone
- Consecutive Bullish Bars
This strategy is based on Price Action in relationship with it's corresponding Volume i.e High spread bar should be associated with high volume and low spread bars should be associated with low volume. Basically we're just looking out for confirmation and irregularities.
Calling bottom and hopefully dodging a falling knifeSetup: Squeeze breakout
Trade rating:4/5
Reward: risk: 5:1
Tesla has been consolidating and seems over sold to me. was waiting for confirmation and this breakout of the channel looks like the reversal confirmation we have been waiting for.
my only concerns in the longer term is that the overall market turns bearish and pushes it back into the consolidation area
let me know your thoughts in the comments!
Breakout Squeeze Tesla shorttrade rating 4/5
looking for a strong move to the downside over the next week
looks like the markets are making a downside move and this breakout creates a strong set up
I will say I hate to short such a great company even though its a short term trade
