TSLA - breakout incoming TSLA - stock breaking above trendline resistance for $220. calls added in group. Lot of call flow coming as well. next resistance at $226 and $233.95. Stock is strong on indicator level.
1TSLA trade ideas
Tesla (TSLA) Technical Analysis for August 20-23, 2024Current Market Data
Tesla's stock (TSLA) is trading at approximately $222.72, showing a 3.05% increase today. The broader market sentiment, including the S&P 500, has been relatively positive, with major indices closing higher. This upward momentum is largely driven by optimistic expectations around upcoming economic data, particularly from the U.S. and China.
Key Economic Events Impacting TSLA
FOMC Member Waller's Speech: Any hawkish comments could create volatility in the tech sector, including TSLA, as it may hint at future interest rate hikes.
CB Leading Index: A decline of 0.6% signals a potential slowdown in economic activity, which could weigh on growth stocks like Tesla this week.
Technical Analysis
Chart Overview: The chart shows TSLA in a rising wedge pattern, typically a bearish signal. Price action is nearing the upper boundary of this wedge, and the stock is trading around a significant volume profile zone between $222.05 and $222.99. There's a visible resistance level at approximately $235.15.
Support and Resistance:
Immediate Support: $219.82
Stronger Support: $212.29 (also aligning with a lower volume area)
Immediate Resistance: $222.99
Critical Resistance: $235.15
Volume Profile: The volume at the $222-$223 range indicates significant trading activity, meaning the price might struggle to break above this level. However, if it does, it could lead to a test of the $235 resistance.
MACD: On the 1-hour chart, the MACD is starting to show signs of divergence, which may indicate weakening bullish momentum.
Trading Strategy
For Tomorrow (August 20, 2024):
Bullish Scenario: If TSLA breaks above the $223 level with strong volume, consider a long position with a target around $230, keeping in mind the $235 resistance.
Bearish Scenario: If TSLA fails to sustain above $222, watch for a breakdown below $219.82, which could open the door for a move towards $212.
For This Week:
Bearish Outlook: Given the rising wedge pattern and potential economic headwinds, a bearish bias could be warranted if macroeconomic data disappoints or if TSLA fails to maintain the current upward momentum.
Scalping Strategy: Utilize the $219-$223 range for quick in-and-out trades, being mindful of the broader market's reaction to economic data.
Conclusion
While TSLA has shown strength recently, the technical indicators suggest caution, particularly with the stock trading near the top of a rising wedge pattern. Economic data throughout the week could provide additional volatility, making it important to stay alert to any changes in market sentiment.
Suggestions:
Monitor economic releases closely; these can heavily influence TSLA's price action.
Consider reducing exposure if TSLA starts to break down from the rising wedge, especially with broader market uncertainties.
TSLA is targeting 295 & 330 & 430Hello Traders,
I'm sharing a long position on TSLA, and I'll explain my reasoning below.
Entry Price: 223
Stop-Loss: 172
1st Target: 295
2nd Target: 380
Reason 1: The price has rebounded from the lower deviation of the uptrend channel (grey), not the lower deviation of the downtrend channel (blue). It is now targeting the upper deviation resistance line of the uptrend channel (grey) at 295.
Reason 2: A cup & handle pattern is progressing and will likely be confirmed if the price closes a weekly bar above 253 and the target will be around 330,380 and maybe 430 as shown below
NASDAQ:TSLA
TESLA DAILY BUY SET UPThe last daily retest wasnt lower than the previous daily low so i waited for a daily choch which was caused by a daily bullish candle being bigger than the last & lowest bearish candle on the daily retest. When the daily bullish candle closes, I then drop down to either a 4hr or a 1hr and wait for that retest to take it back up to the previous daily high
Tsla retesting 250$ soonTSLA looks to break out of the wedge again, this is the second time candle bodies have closed outside of the wedge to the upside. I expect 258$ again in a few weeks with a likely rejection in this range. I believe the stock will rip to close to 300$ by end of year, I expect it to fall to under 200$ again next year.
Summary:
Short-term - 258$
End of Year 295$
Next year mid- sub 200$
Conviction is everything! From Drawdown to ProfitMy pre-market video prepared us exactly for this move. That is why we had conviction in our trade and allowed the market to do what it has to do!
The nature of trading is chaotic - our job as traders is twofold - limit our risk (compared to our reward) and simplify the movement of a chart. While my charts may look anything but simple, if you watch my videos you'll understand just how simple it can be if you are prepared and understand how the market works.
Happy Trading :)
Bears disappointed me today I was impressed by the bulls, they just wouldn't let that 199 level go, bears you was right there or what's the play. Yes, I am permabear but it's because I like going straight to the point and I have balls of steel but don't make me beg for pennies chasing calls here if bulls open at 205 and you know the amateur will chase trying to reclaim 208 and next thing you know we at 212,217. Good gameplay but would rather the trendline break and 188 def make sense.
TSLA Short term outlook - Potential day trades today/TmrwThese are the algorithms I'm watching to see if tapering does proof itself for a lower time frame liquidity build.
Happy Trading :)
$TSLA close above its resistanceNASDAQ:TSLA is back with a close above it's $214 resistance on daily time frame, shouldn't take it long to get back over $223 & go for that gap fill to $235 area if holds here.
support at $214, $213 & $208
Tesla (TSLA) Technical Analysis for August 19, 2024:Chart Overview:
Support Levels:
210.58: A significant support level, previously tested multiple times.
186.80: A more distant support, representing a major lower boundary.
Resistance Levels:
219.76: Immediate resistance level, just above the current price.
234.60: A key resistance level if the price continues to rise.
Trend Lines:
The chart indicates an uptrend, with the price pushing towards the resistance levels.
However, the price is near the resistance level at 219.76, suggesting a potential pullback if this level holds.
Indicators:
Volume: There's a notable spike in trading volume during the recent upward movement, which may indicate strong buying interest.
Price Action: The price is following an upward channel, suggesting a bullish sentiment in the short term.
Catalysts & News:
FOMC Member Waller's Speech: Any hawkish or dovish comments could significantly influence TSLA’s direction. A hawkish stance (indicating potential rate hikes) could exert downward pressure on the stock, while a dovish stance (indicating rate pauses or cuts) might support further upward momentum.
Psychological Levels:
220: A psychological level near the resistance. If breached, it could lead to a test of 234.60.
200: A round number that often acts as psychological support.
Forecast Scenarios for August 19, 2024:
Bullish Scenario:
If FOMC Member Waller’s comments are dovish: TSLA could break through the 219.76 resistance level, leading to a test of 234.60. A sustained move above this level could signal continued bullish momentum.
Bearish Scenario:
If Waller’s comments are hawkish: TSLA might fail to break the 219.76 resistance, leading to a potential retracement towards the 210.58 support level. A break below this could see a further decline towards 186.80.
Trading Strategy:
Long Position: Consider entering if TSLA breaks above 219.76 with strong volume, targeting 234.60. Place a stop-loss just below 216.
Short Position: Consider entering if TSLA fails to break above 219.76 and shows signs of reversal, targeting 210.58 and possibly 186.80. Place a stop-loss just above 220.
This analysis provides a comprehensive overview based on the current technical setup. Keep in mind the potential impact of FOMC Member Waller's speech, as it could significantly influence market sentiment and TSLA's price action.
TSLA: For One of My FollowersTSLA has been camping in this wedge which began September of 2022. It is currently in the dead center between resistance and support of this wedge, so I am looking for a direction towards either of the lines drawn for the opportunity for a breakout. I am currently long term bearish on the market, so I'm expecting a move to the downside support and a potential break below in the coming 30 to 60 days.
Tesla’s 32% Plunge: A Critical Analysis and What’s Ahead (READ)By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price started a significant decline from the $270 level, just as we anticipated, dropping by over 32% down to $180. At the time of this analysis, no one expected such a steep decline in Tesla's stock, as most were predicting a rise above $300 or even $400. However, the price disregarded the majority’s opinion and followed its own course, resulting in this sharp drop. Currently, the price is around $216, and I expect an initial rise to $233. After that, we'll need to watch how the price reacts to this critical supply zone. This analysis will be updated accordingly.
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
The Main Analysis :
((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
TESLA - Brewing for Breakout from TriangleTESLA has formed bullish divergence on MACD. Price action is contained with in symmetrical triangle pattern. Long positions may be considered if price breaks out of triangle.
TESLA: Weak Market & Bearish Continuation
Balance of buyers and sellers on the TESLA pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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TSLA INDEXSo here on TSLA what i specifically see on this trend its a reversal movement at the moment but the market structure its a bearish trend isit. i see FVG with an ODERBLOCK on top of it basically i'll take a good risk on this index.
#SMC_TRADER
#FOLLOW_FOR_MORE
#THANK_YOU
TESLA → an upward chancehello guys.
let's analysis Tesla
1. Key Levels:
Descending Trendline: The blue trendline represents a long-term resistance level formed by lower highs. The price has recently broken above this trendline, suggesting a potential shift in market sentiment.
QML (Quasimodo Level): The yellow box represents a demand zone where the price found support and launched the current bullish move.
2. Bullish Breakout:
The price broke above the descending trendline, signaling a possible trend reversal. The breakout is marked by a yellow circle on the chart.
After the breakout, the price pulled back slightly but remained above the QML zone, indicating strong support.
3. Upside Potential:
First Target: The first resistance level to watch is around $325.73. This is a previous swing high and could act as a significant resistance level.
Second Target: If the price breaks above $325.73, the next target would be around $402.32, which is another key resistance level from the past.
4. Bearish Scenario:
If the price fails to hold above the QML zone and the trendline, it could indicate a false breakout. This might lead to a retest of lower levels, possibly back to the QML zone or even lower.
Summary
Descending Trendline: A long-term resistance level has been broken, indicating a potential bullish reversal.
QML Zone: A strong demand area supporting the current uptrend.
Bullish Scenario: Targets are $325.73 and $402.32 if the uptrend continues.
Bearish Scenario: Failure to maintain above the trendline and QML zone could lead to a retest of lower levels.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
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i dont trade stocksThis graph shows an investment plan for me based on trendlines
i dont trade stocks but rather buy them at decent prices
these trendlines are there since a long time
a projected vision of potential bottoms in price based on trendlines
on these points i buy it doesnt get easier than that.
i never cry on price drops because i always leave money on the side to buy more at the other decent levels.
quick note that i buy like this on stocks who already "made it" and ofc based on context.
for an instance i didnt buy intel only until recently (19.1 usd per stock) even though it hit my trendline it showed no signs of stopping and high momentoum downward making my trendline a very unattractive buy.
in terms of what i would like to see to have my profits made is: tesla rising above the resistance levels and turning it to support, i would believe this to be in the next breakout attempt. from there the sky is the limit.
tesla is a company i value very much and believe in and therefore i invest in it. i do think you should only act like that in a company you believe in because this is not trading but investing.
my avg profit is 70% over the last 3 years to the current price.
where do i want to see tesla next?
at a new ath around the 500 usd mark after the introducement of their new products to the markets.
what is my medium scenerio?
if tesla doesnt reach the new ath target if the new products will only provide hype and not profits, in this case i will sell on the fact, right now we buy the dip before the rumor, when the rumor comes price shall increase.
in case of the worst scenerio i will buy on the next trendline at 120 usd
and hold until tesla reaches fair value then i will sell all my positions for a profit of all the avg entries. (some will be at a loss and some breakeven but most will be profit)
i dont anticipate the future but i damn sure try to invest smart.
this strategy i do on many stocks and proved quite useful to me if some of my investments went at a loss others went on a big win. sometimes it makes me frontrun a buy into the fall and i can be somewhat emotional but someone has to buy the dip and i'd rather to be one of these people.
now for the TA small as it may be
What we see in tesla in terms of price action is that there's a lateral movement for a couple of years with rising support level and a decreasing resistance level.
i will not be the one to anticipate the future but any break of these levels to the downside provides an oprotunity to buy the dip.
like you can see i've made some pivot points and a trend based fib.
the 1.618 is a great confluence of a pivot point to exit from in case of my medium scenerio we will see multiple price breakout attempts until it ultimately fails and try to find the supports.
the most optimal area for me to realise profitswould be infinity but in a reality case it would probably be the 2.618 on a new ATH
i would have to see how much tesla can revolutionize the markets because when nvidia did so it went to the 1k usd area per stock and im not scared of holding it in this case.
signs i look for if im to be out of the investment is if tesla hits a ceiling, multiple breakout attempts and eventually fails on a bad earnings i will quickly sell for profits.
I hope this can help you guys in your journys i am not a professional and this is not an advice especially not for trading this is strictly what i do for me.
so even if you wont act like me this is a quick view into the mind of a retailer like myself and whether you are smart money or dumb money i hope this will be cool for you to look at
[TESLA][WEEKLY] INV HnSTesla on weekly timeframe is heading towards Inverted H&S. Formation of right shoulder.
If price action breaches 263 (Neckline), possiblity of price action target is as plotted.
Tesla, Inc _ Week 3 _ Distribution Tesla, Inc _ Week 3 _ Distribution .
Tesla will not go as high as $225.94.
All the lower retest are fake and need to come back after $225.94 to make a clean Retest! Bad Data management and most likely their Market Maker messed up their data during Quarter 2 , 2024 !
After $225.94 it will drop to $203.07, it may even go as low as 190.94 , $197.67.
TSLA / TESLATSLA (Tesla, Inc.) Stock Analysis:
Key Dates and Potential Market Movements:
1. August 23, 2024 - Potential Upside:
• Scenario: The chart indicates a potential bullish movement around late August 2024. This could be driven by positive earnings reports, advancements in Tesla’s technology, or an increase in market optimism around Tesla’s leadership in the EV market.
• Impact on Price: We might see a short-term rally in Tesla’s stock price, pushing it towards previous highs around the $270 mark.
2. October 15, 2024 - Potential Downside:
• Scenario: As we approach mid-October 2024, the chart suggests a potential bearish phase. This could be due to broader market corrections, profit-taking by investors, or any negative news related to supply chain disruptions or increased competition in the EV market.
• Impact on Price: Tesla’s stock could see a pullback, potentially testing support levels around $215 or even lower.
3. February 19, 2025 - Recovery Phase:
• Scenario: By early 2025, the chart indicates a recovery phase, possibly due to strong Q4 2024 earnings, the introduction of new Tesla models, or significant advancements in battery technology.
• Impact on Price: This period might mark the beginning of a new bullish trend, with Tesla’s stock price climbing back towards the $250-$300 range.
4. May 9, 2025 - Consolidation or Continued Growth:
• Scenario: The market could enter a consolidation phase, where the stock trades within a range, or Tesla could continue its growth trajectory depending on the broader economic conditions and Tesla’s performance.
• Impact on Price: If the market conditions are favorable, Tesla might break out to new highs; otherwise, we could see sideways movement in the $250-$300 range.
5. September 4, 2025 - Potential Market Shift:
• Scenario: As we approach late 2025, the chart suggests another critical phase, potentially influenced by macroeconomic factors, such as changes in interest rates or shifts in consumer demand for EVs.
• Impact on Price: This could lead to either a breakout to new highs or a retest of lower support levels, depending on the prevailing market sentiment.
6. December 4, 2025 - Year-End Rally:
• Scenario: The end of 2025 could see a year-end rally, driven by strong sales numbers, holiday season demand, or favorable policy decisions regarding EV subsidies.
• Impact on Price: Tesla’s stock might experience a strong rally, potentially setting new highs or revisiting levels around $300.
Considerations for Investors:
• Technological Advancements: Tesla’s continued innovation in battery technology, autonomous driving, and energy solutions could be key drivers of its stock price.
• Market Sentiment: Investor sentiment around the EV market and broader technology sector will play a crucial role in Tesla’s stock movements.
• Geopolitical and Economic Factors: Changes in global trade policies, supply chain disruptions, and shifts in consumer demand could impact Tesla’s performance.
Given the potential market shifts and Tesla’s leadership in the EV space, are you considering adding Tesla to your portfolio? How do you see Tesla’s position evolving as we approach key market dates in 2024 and 2025?
Tesla trianglePrice is consolidating in the form of ascending triangle and have resistance at the zone 220. Sustaining above this is important to continue the uptrend.
Buy above 220.5 with the stop loss of 218.5 for the targets 222, 224, 228 and 231.
Sell below 214 with the stop loss of 215.5 for the targets 212, 210, 208 and 206.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
TSLA (Tesla), growth to strong resist.Hi everybody. Tesla have big volume of bulls accumulated beween 187 - 201 (my own volume analysis data) and i think price will growth to 216.1 (x-lines level). I image basic market targets on a chart. Have a good trading day :)
TSLA Stock Price Rises by Over 6%TSLA Stock Price Rises by Over 6%
The Tesla (TSLA) stock chart today shows that the price surged by more than 6% during yesterday’s trading session, driven by a strong retail sales report released the same day.
According to ForexFactory, analysts had expected Retail Sales to increase by 0.4% month-on-month. However, the actual data showed a 1.0% rise (for comparison, previous figures indicated a decline of -0.2%).
It seems that market participants interpreted this as a sign that Tesla's sales could also rise, propelling the electric vehicle manufacturer's stock to one of the top performers.
Technical analysis of Tesla (TSLA) chart today shows:
→ Amidst the broader market decline caused by recession fears that peaked on August 5, the price returned to the red descending channel. However, yesterday's movement pushed the price towards its upper boundary.
→ Bulls may break through the upper boundary of this channel and push the price into an ascending channel (shown in blue) for Tesla (TSLA) shares.
→ The strength of the bulls can be gauged by the price action around the psychological level of $200. If this level acted as resistance after August 5, its role changed on August 13 (as indicated by the arrow). The price made a bullish breakout, followed by a successful test the next day.
If events unfold positively, the $200 level could become the launchpad for a significant rally in Tesla (TSLA) shares.
According to the average opinion of analysts surveyed by TipRanks, the 12-month price target for Tesla (TSLA) shares is $211.46, indicating cautious optimism.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
