Tesla -> There Is Still HopeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock just recently perfectly retested and already rejected a quite obvious previous weekly structure area exactly at the HKEX:200 level.
You can also see that weekly market structure is now bearish, we are currently retesting weekly support though and there might just be a chance that we will see another bounce towards the upside from the current levels to then retest once again the resistance at the HKEX:200 area.
On the daily timeframe you can clearly see that market structure on Tesla is currently still bearish so I am now just waiting for some bullish rejection at the current support zone before we could then definitely see a daily short term rejection towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Tslalong
TSLA Weekly Outlook Which Gap to Fill | NASDAQ at Key Resistance- TSLA trading in between 2 large gaps
- which gap it will fill will likely be determine by which way NASDAQ will move to
- NASDAQ & SPX closed right under Key Resistance
- if we fill the above gap then we are looking back at 186 resistance
TSLA Is Very Close To BounceTechnical Analysis:
- Tesla(TSLA) is now doing a WXY correction in blue. We expect it to be completed the wave ((2)) in the next 1~2 days
- TSLA must find the strong buyers at around HKEX:150 - $155 where we like to buy
- TSLA can't cross the green validation level in order to support higher bounce in wave 3
Tesla Right Side
- H1 right side is turning down
- H4 right side is turning up
Technical Information:
- Don't sell TSLA now
- Wait for wave ((2)) to be completed in 1~2 days to buy
$310 Target near the .618 extension reviewing TSLA weekly Chart, I can see a price target of $310.
1) First $tsla needs to get over $215
2) there was a bearish Harmonic Bat pattern that sold off from D leg, and retrace to the 1.618 fib level extension. Notice price action bounced off from that level, and formed a based untl it hit resistances .382 fb level, and currently is resting at the .236 fib level.
3) If market rallies over the next few months, and tesla closes above $215, price action is likely to retest D leg which is above the .618 extension. which I have as my target $310 area.
4) the .618 extension which is a resistances level (D leg sold off) would then become future support if the overall market is still bullish
5) there is a base formed on the weekly, the handle isn't true or confirmed. It wont be until a breakout above $215.. Many experience traders will attempt to get in front of this trade, but expect volatility
Also there is an apex forming by the AD, however it will take a few months to complete likely near end of 2023 or early 2024
$TSLA Weekly Downtrend Confirmed, $QQQ S&R Analysis - NASDAQ:TSLA broke weekly support confirmed weekly downtrend
- TSLA gap could be filled if we broke todays low of support
- NASDAQ:QQQ bounced off of megaphone pattern support still trading within
- QQQ likely break out of the range next week Tuesday 25th after big tech & MSFT reports earnings.
- Still holding onto my SOXS position
- check out my video from yesterday for big tech analysis key resistance
Tesla -> Last Chance For BullsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is actually currently rejecting a quite obvious weekly previous support/resistance area towards the downside exactly at the HKEX:200 level.
You can also see that the next major support zone is at the psychological $100 area from which we already had a strong rally a couple of weeks ago so I am now just waiting for another retest of the support zone and then I do expect another rejection towards the upside from there.
On the daily timeframe you can see that Tesla stock is retesting previous daily support at the HKEX:165 area, market structure is currently still bearish so I am just waiting for some bullish confirmation inside this zone before we could then see a short term rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
TSLA Earnings Report Price Action breakdown | Weekly Support |- NASDAQ:TSLA Weekly support $163.91
- currently a 15m bear flag after hours after earnings.
- now in a daily down trend
- next strong support zone in the $166s
- im currently not in the stock my after breaking out of the equilibrium (teal looking wedge) its favoring the bears at the moment.
Tesla -> Ready For The PumpHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is about to once again retest a previous weekly support zone exactly at the HKEX:175 area.
You can also see that weekly market structure is bullish again so I am now just waiting for a deeper retest of the area before I then do expect a pump away from the support zone to retest the next resistance at $195.
On the daily timeframe you can see that Tesla stock already had a first initial rejection away from the zone, showing that there is definitely some buying pressure at the support area, so I am just waiting for a daily retest and then a rejection towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
TSLA Future Outlook | Technical Analysis | Support & Resistance - TSLA is currently in a neutral trend, sitting close to support but also right under 186.5 range resistance
- TSLA has been performing relatively weaker than QQQ as of this week.
- Earnings seasons are coming up and there's fear of earnings recession so either earnings come in normal and the fear alleviated and we get bull moves or vice versa.
- QQQ also closed right at resistance on Friday, if QQQ dont continue moving higher its going to drag TSLA down as well.
THE BEAST HAS AWAKEN??NASDAQ:TSLA
When TSLA catches momentum, it really catches momentum!
- Inverse Head and Shoulders on the daily (bullish pattern)
- Clean break of psych level at 200 and held.
- Breaking above neckline around 210-211 could fuel more upside targeting resistances above: 217.65 - 223.80
- Playing long side on TSLA is valid above 200. If TSLA starts getting candle closes below 200, expect some retracements with a solid support at 187.00
Contract Suggestions:
TSLA 4/28 240 CALL (covers earnings)
TSLA 4/21 230 CALL
Tesla WEEKLY BULLISH Inverse H&S, 217.65 Key level- Bullish inverse H&S weekly time frame
- Bullish cup and handle pattern
- 217.65 break of that level will form weekly and monthly uptrend for the bulls
- delivery number will be key (i mentioned the wrong date its not this weekend)
- QQQ is very extended might see some consolidation next week which may effect TSLA as well
TSLA Break-Out & Fake-Out?Tsla has been consolidating and broke-out of a bullish bullish flag today with weak conviction ...
Bulls need to see a big volume break-out tomorrow and regain $200 as support.
*Call Wall Options may have prevented Tsla from advancing with a strong break-out
$197 is strong resistance + weekly resistance line just above @ $198 $198.84
If Tsla does not open above $198 we may see a drop to test bull flag break-out & gap-fill.
Close below $195 Tsla will consolidate until re-testing highs.
*Bulls: Tsla is above 8 ema, 20 ma & 50 ma -Cup & Handle on Daily w/ Bullish Flag Break-Out....
Dips are being bought up *APRIL is STRONG Month for Growth & Tech
Bears- Weakness compared to overall Bull Run in Tech & Markets - Selling volume has been larger on 1 hr, 4hr, daily. Markets are feeling pretty Frothy
Possible Bearish Wedge Pattern...this could be wave a of c in Correction Pattern - lack of testing or either Strong Rejection at $200 could begin wave b.
Bearish Divergence on MACD & RSI 1hr & likely forming on Daily if we see the move past $200.66
This could go Bullish or Bearish *Key Points of interest: Key Close above $198.84 / Ability to Test $200.66 & Rection off of that will give us a better Idea of where TSLA Plans to go for the next 3 weeks until next Earnings
Current Bias: Neutral to Slightly Bearish
TSLAUpdate! I gave you the bottom of TSLA at 100, but we're in need of an update. TSLA's gigarange, from its 420 highs to 100 lows has a 258 mid, which is confluent with a variety of open (unfilled) gaps in that vicinity. So long as it holds above its first quartile retracement of the gigarange (180-190 area) then I'd anticipate that it makes its way to range mid 258s.
$TSLA Price Action Breakdown, $QQQ Future Price Outlook- $QQQ about to break its tightening range, this will be very important for TSLA,
- currently TSLA does not have enough relative strength to hold up if QQQ breaks bear. so it will likely break bear with it.
- Bullish pattern: Daily Inverse H&S Weekly Cup & Handle
- XLF / KRE gapped up nicely but bear took over after cash open.
$TSLA Future Price Outlook, Support & Resistance Analysis- TSLA is in a healthy daily uptrend atm, we just need bulls change the hourly trend change back up.
- QQQs Equilibrium Pattern will be breaking with volatility on Monday, so which ever way it breaks will be effecting TSLA
- Weekly Cup & Handle forming, - daily inverse Head & Shoulders forming as well.
Check out my QQQ / SPY XLF breakdown on my previous video.
Tesla -> Time To Move HigherHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is about to create a quite nice inverted head and shoulders with the neckline being exactly at the $220 area.
You can also see that market structure is currently bullish, we just had a rally followed by a healthy correction so from a weekly perspective I just expect a break above the neckline and then more continuation towards the upside.
On the daily timeframe you can see that Tesla stock is right now retesting previous daily support which is now turned resistance so I do expect a short term rejection away from the resistance area but then definitely the longer term continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
www.tradingview.com
TSLA $200's ResistanceTSLA opening above $198.5 should go up towards $204 gap fill possibly $206 retracement ...
resistance @ $$199.5-200.5 then $204 (2 sigma weekly Move)
If Fed is Dovish today with a 25bp hike this will help to push bullish narrative
Fed with 25bps and Hawkish rhetoric can stop the bull run.
Below $194, we could see Tesla go for Gap fill below and settle around $190 to finish the week
This Feels like a Bull Trap set-up- just my opinion
I bought back in @ 175
Since I plan on taking Profits for this week I will look into selling $200-$205 calls against my $175 price positions *** this is a profit taking options position,
I would not sell calls if I did not own shares at that lower price.
TSLA – Short term upsideTSLA's stock price has been characterized by a high degree of volatility, with significant price swings occurring over short periods. From a technical analysis perspective, TSLA's long-term trend has been upward, with the stock price increasing from around $20 per share in 2013 to over $1,000 per share in early 2021.
In November 2021 the stock price started a corrective trend that has been maintained until today. The low of the move was reached on the 6th of January 2023 at around $101 dollars per share. Since then the stock price jumped higher, made a correction that retraced nearly 50% of the move and afterwards it continued the trend (up).
The highest probability scenario for this stock is to move to the upside and reach the trendline marked on the chart. However we must point out that, tomorrow we have a big news event (FOMC meeting, interest rate decision) that may send the stock to the downside if the rate decision will hammer the whole stock market. The stock is very sensitive to the macro environment .
Trade with care.
TSLA Down Trend Signal: Sensitive LineTSLA (Tesla, Inc.) currently trades at a price of 179.0314 USD with a change of 0.32580555% and a change of 0.5814 USD. Over the last month, TSLA has traded between a high of 217.65 USD and a low of 163.91 USD.
The oscillators rating for TSLA is currently neutral, with an average directional index (14) of 27.54. The stock has seen a trading volume of 18,041,026 and a volume*price of 3,229,910,142.22 over the last 24 hours.
The awesome oscillator for TSLA is currently at -12.36887088, and the average true range (14) is 6.41231939. The commodity channel index (20) is at -49.63085532, indicating that the stock may be oversold. The MACD level (12, 26) is at -4.86180021, and the MACD signal (12, 26) is at -4.93418895.
The momentum (10) for TSLA is currently at -3.0186, indicating that the stock may be experiencing a short-term downtrend. The relative strength index (14) is at 42.13, indicating that the stock is trading near oversold levels. The stochastic %K (14, 3, 3) is at 50.56, while the stochastic %D (14, 3, 3) is at 48.93.
The Aroon up (14) and Aroon down (14) are both at 0, indicating that the stock is in a sideways trend. The bull bear power is currently at 0, indicating a lack of momentum in either direction. The parabolic SAR is at 165.07969112, which is currently above the stock price, indicating a downtrend.
The simple moving average (10) for TSLA is at 176.90264, and the moving averages rating is strong sell. The pivot Fibonacci P is at 180.15326667, and the Ichimoku conversion line (9, 26, 52, 26) is not provided.
Overall, based on the technical analysis provided, TSLA appears to be experiencing a short-term downtrend, with oversold levels indicated by the relative strength index and commodity channel index. The moving averages rating is strong sell, indicating that the stock may continue to experience a downtrend in the near term.
Tesla's stock price to fall below $100?!
It is reported that Tesla's vehicles are not allowed to enter government institutions in China. Recently, there have been news that some cities in China have been planning restrictions, which will limit Tesla's access to more places. If this news is true, it will be very unfavorable for Tesla.
China is a populous country with a huge demand for vehicles, especially given the strong support from the Chinese government for new energy vehicles. By the end of 2022, Tesla's sales in China ranked first in the region. If Tesla loses the Chinese market, the consequences can be imagined, and its stock price may fall below $100!
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