Tesla to the Downside Part.2 4/9/2023 Tesla Trading Plan
Trading Price
Close: 185.06
After Hours: 184.95
Decrease : .11 Cent
Put Call Ration
PCTS (tradingview tiskcer) : .83
which is greater than .7
Which is considerd Bearish
Earnings Date
Wensday 19th of April
Press
1.Tesla Nominates Former Tech Chief JB Straubel to Board
2.Tesla Cuts Prices Again as It Seeks to Lure New Buyers
Tesla cut the prices on its more expensive Model S and Model X vehicles by HKEX:5 ,000 each and lowered the price on its Model 3 sedan and Model Y sport-utility vehicle by HKEX:1 ,000 and HKEX:2 ,000.
3.Tesla Plans China Plant To Build Storage Batteries.
Current State
Levels to brake
Resistance
187.02
186.35
Support
184.35
182.77
182.04
Search in ideas for "TESLA"
TESLA Buy opportunity until the end of the year.Tesla (TSLA) has been trading within a long-term Channel Down pattern since the November 04 2021 All Time High (ATH). Since then we've had two clear Lower Highs (top of Channel) and three Lower Lows (bottom) with the most recent one being on November 09.
That alone can call for a new medium-term rebound within the pattern, but the strongest buy indicator at the moment comes from the 1D RSI, which made a Double Bottom. As you see on the chart, every time the RSI made a Double Bottom around the 30.000 level, the Tesla stock started a new strong rebound towards the to of the Channel Down. By doing so it formed initially Higher Lows.
As a result, this is technically the most optimal buy entry on a 2 month horizon. With the 1W MA200 (red trend-line) just below it, we may indeed see very strong buy accumulation form long-term buyers. Our short-term target is the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) on the medium-term. A break above the 0.618 Fibonacci retracement level, could be a sign of a bullish extension towards the 313.85 Resistance (September 20 High).
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TESLA Ahead of the first 1D Golden Cross since August 2021.Tesla (TSLA) confirmed the Bull Flag from our last analysis one month ago and broke out of it while holding twice the Higher Lows trend-line from the June 16 Low:
The last touch was three days ago and naturally that is giving the stock a short-term (at least) boost. The price completed the 1D MA50/ MA100 Bullish Cross last month but now is ahead of the critical Golden Cross formation (when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line)). If completed, it will be the first occurrence since August 2021. Technically that should be a strong bullish signal but the Higher Lows trend-line plays an equally important role. If broken the uptrend may turn into the (green) Rectangle pattern that has kept the price from breaking above 315.00 three times.
This is approximately where the 0.618 Fibonacci retracement level is and if broken we can finally see the bullish rally completing a new Lower High at the top of the long-term Channel Down. A break below the Rectangle, can test the 0.236 Fibonacci as the next Support level. Keep an eye on the MACD (1W time-frame). It is still on a Bullish Cross but a new Bearish Cross could mean a new round of medium-term selling towards the bottom of the Channel Down, much like the Jan 05 and April 28 Bearish Crosses.
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** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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TESLA Bull Flag almost completed. Strong chances for $340 in OctTesla (TSLA) is trading within a Channel Down ever since the August 04 High, which following the rally since June 16, whose Higher Lows trend-line is intact, can be viewed as a technical Bull Flag formation. This pattern is common after strong rallies and Tesla's has been more than +50% within a 3 month span, with profit taking on the medium-term coming as a natural reaction.
The 1D MA50 (blue trend-line) and 1D MA100 (green trend-line) are intact and still supporting. In fact the MA50 is about to cross above the MA100 for the first Bullish Cross pattern since August 12 2021. With the MACD on the 1W time-frame still on a strong Bullish Cross, as long as the June 16 HL hold, it is more likely to see a new rebound towards the 0.786 Fibonacci retracement level and the top of the long-term Channel Down.
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TESLA - Start Of The Downfall OR Spring For Next Bull Run?Tesla has been facing some supply chain issues late 2021 which caused the Tesla stock to drop - or for optimists, correct. We are now approaching a strong level where Tesla needs to hold in order to keep with the bullish momentum it has seen recently.
If we do break the 900 level, it could mean one of 2 things:
1. We see a bigger, deeper and ugly correction before we move up (and no doubt we will move up).
2. We see the start of its downfall with more EV's entering the market, giving Tesla a lot of competition and things like "supply chain issues" won't be able to pass for an excuse.
This is a very critical time for Tesla. Time will tell whether they stay afloat or sink.
As always, goodluck and trade safe!
TESLA ( TSLA )TESLA STOCK PRICE has crashed after elon musk has announced that he would sell 10% of his tesla shares , tsla stock reached 1000$ level with a strong potential of reaching 900 $ level
the chart shows a correctional wave after the strong bearish movement , and this could be a great position to short tsla stock
Tesla Q1 earnings preview – Keeping the dream aliveTesla is always a trader favourite and this quarterly earnings report should garner strong interest. Few stocks create such fierce debate as to the near and longer-term prospects, and when you get such dispersion in the expected outcomes you get movement and this creates opportunity.
Movement is always a draw card for short-term traders and Tesla is the poster child of movement and volatility, especially around key announcements such as quarterly delivery or earnings reports.
If we look at Tesla’s pedigree over prior quarterly earnings (as a guide), we’ve seen the share price fall in five of the past eight quarterly earnings, with the average move lower being 5.7%. In the three time it rallied the average rally was 9.6% - somewhat skewed by the 17.7% gain seen in Q3 2019. So, one thing is true, historically we’ve seen sizeable moves in price to earnings news – this time may be no different, in fact, if the implied move on the day of earnings (derived from options pricing) is 8.7%, so traders are eagerly anticipating movement.
I've mapped out the implied levels on the daily chart for context.
For more intel on what to look out for take a look at the link - pepperstone.com
TESLA Short positionTesla hitting all time high, pending now to the bearish side.
There was high expectation from the Q4 earnings, that were missed.
MACD overbought, descending
Stochastic overbought, descending
With many analyst targeting the 518 level.
We will se probably a bounce on the trendline.
Dr. Michael J. Burry predicts a heavy fall on the stock price, well, lets see if he is right...
Tesla Trough: Where is it? SHORT $TLSA Tesla has been riding the market down:
Where is its trough?
Two potential previous lows and consideration points are highlighted; this MAY BE headed much further down - 67% of the position was pulled this morning, expecting a dip to the marked target points (circa 599 and 379).
EVEN TSLA DOWN? May the odds be forever in your favor!!!
-BDR
Tesla: Trend breaking? Trading thesis: Short.Tesla is not a Corona winner.
Fundamental valuation is extremely high.
Recent earnings do not provide comfort about operating level profitability.
Retail investors entered the market -> irrational excess.
Chart pattern indicating break of trend.
Trading thesis: Short.
Tesla vs Daimler vs BMW Market Cap and revenue Tesla Market cap is valued at 184.88B with a Revenue of 24.58 billion USD (2019) while Daimler AG, commonly known and referred to as Mercedes, has a Mkt cap of 39.28B with a Revenue of 172.7 billion EUR (2019) and BMW has a Mkt cap of 37.04B with a Revenue: 104.2 billion EUR (2019).
Also Tesla’s new registrations fell 37% in California during the coronavirus pandemic, said today`s report (6/17/2020).
The indicators are showing a huge overbought level.
I`ve entered a short till the Fib 618 level of 614 USD.
Tesla updateTesla testing the 61.8% again after a failed bounced. Solar panel exploding brought the stock back down to the level. Tested multiple times now, a break below the fib level could open the way back to the lows around 180 area.
Also a downtrend line formed from the highs of the end of July, setting up a buy signal. Could buy now for better risk-reward but sentiment is not great for Tesla.
Banks and investment funds in the majority have a 'neutral/sell' view of Tesla at the moment. Tesla requires a boost of good news for a spike.
Good Luck!
TESLA: GET READY!Tesla stock (TSLA) is right now at a strong monthly support level. Think! Everybody is gonna be watching this! Well, I mean everybody who is sensible enough to watch key support levels at higher time frames. I'm not saying that everybody needs to play monthly time frames. What I am saying is that the strong level of support creates good probability for a bounce north on a lower time frame such as 1H to 6H. The choice and risk are yours. Just to be clear - this is not a prediction! Jeez. You can't know if price will go to 150 and then rebound. I suspect that big investors are likely to weigh in in the price range down to the 150 level.