Technical Analysis for TSLA Jan 2, 20251-Hour Chart Analysis (Trading Perspective)
Key Observations:
1. Price Action:
* TSLA is in a short-term downtrend, with the price respecting the downward-sloping trendline.
* A key support zone is around $401–$403, which aligns with recent consolidation levels.
2. Indicators:
* MACD: The MACD is bearish, with the signal line crossing below the MACD line and histogram bars increasing in the negative zone, indicating downward momentum.
* Stoch RSI: The Stoch RSI is near the oversold zone, which might suggest a potential bounce if supported by price action.
3. Volume:
* Volume has picked up during the recent bearish candles, confirming seller strength in the short term.
Trading Strategy:
Bearish Continuation:
* Entry: If the price breaks below the key support at $401 with increasing volume, enter a short position.
* Stop Loss: Place the stop above the previous swing high or near the downward-sloping trendline (~$410).
* Targets:
* Target 1: $395
* Target 2: $390 (psychological level and historical support).
Reversal Opportunity:
* Entry: If the price holds above $401 and forms a bullish reversal candle with confirmation from MACD flattening and Stoch RSI crossing upwards.
* Stop Loss: Place the stop just below the support level at $399.
* Targets:
* Target 1: $410 (trendline resistance).
* Target 2: $420 (major resistance and upper channel boundary).
Daily Chart Analysis (Options Perspective with GEX)
Key Observations:
1. Gamma Exposure (GEX):
* Key Levels:
* Call Wall at $455: This is a significant resistance level, indicating where call sellers might exert pressure.
* Put Wall at $380: Major support level where put buyers may defend.
* HVL (Highest Volume Level): At $403, aligning with support on the 1-hour chart, making it a critical decision level.
2. Options Oscillator (IV and GEX):
* IV Rank (IVR) is high at 73.1, indicating elevated implied volatility, which could favor premium-selling strategies for options traders.
* Net Gamma is negative, suggesting that the market is leaning bearish in the short term.
Options Strategy:
Bearish Strategy:
* Entry: If TSLA breaks below $401 (HVL) with momentum.
* Option Play: Buy $395 strike puts expiring in 1–2 weeks for short-term bearish exposure.
* Targets:
* First target: $390 (Put Wall).
* Second target: $380 (next major support).
* Stop Loss: Exit the puts if TSLA reclaims $405 and holds above this level.
Bullish Strategy:
* Entry: If TSLA bounces off the $401 support and breaks above $410 with confirmation.
* Option Play: Sell $380 strike puts or buy $420 strike calls expiring in 2–4 weeks.
* Targets:
* First target: $420 (resistance level).
* Second target: $455 (Call Wall).
* Stop Loss: Exit if TSLA breaks below $399.
Conclusion
* For trading, watch the $401–$403 support level for either a breakdown (short entry) or a reversal (long entry).
* For options, leverage the Gamma levels by playing the Call Wall at $455 and Put Wall at $380 as key targets.
* Always monitor volume and indicator confirmation to ensure alignment with the setup. Use disciplined stop-loss and risk management for all trades.
Disclaimer
This analysis is for educational and informational purposes only and should not be considered as financial or investment advice.
