mojtaba473

mojtaba473

My previous idéa about a cup and handle seems to be wrong now after Tesla released their sales numbers. I think Tesla will go down to around 180-160 before it hits 280-290. My target for 2024 is still 500 for now.

mojtaba473

Tesla will form a triangle between 290 and 265. The triangle will break up from its midpoint at 280. Target is 360-380 before a bigger retracement. This uptrend will also finish the Elliot wave 5 from the close to 100 that we saw at the beginning of this year. On a broader picture. Tesla is forming an even bigger cup and handle which I believe will go upp about...

mojtaba473

I was wrong tesla may have reached the end of phase C and will now enter phase D and possibly hit 260 by end of August.

mojtaba473 Updated 

Tesla will go down to around 148-140 and maybe hit the bottom or continue to 128 and the then go up according to my Wyckoff analysis

mojtaba473 Updated 

Tesla has been distributing for a long time. I did not see this happening until now. Target could be 60USD.

mojtaba473

Tesla is most likely going to 180 before it goes up again as we are still in phase D but it seems like the last triangle is being draged out by alot. This should be the right shoulder of the inverse head and shoulders. This should be the last big downtrend before the real uptrend begins.

mojtaba473 Updated 

Tesla is in phase D of wyckoff accumulation. The stock should go up until earnings 19th October and then drop down. My prediction is that the stock will recover and then around 7th November phase E should start and take the stock up to 440 where I recommend selling as the stock will be very overbought on the weekly chart.

mojtaba473

Tesla enters phase E? That could be possible and if it is expect Tesla to reach around 1500-1760 before any possible downturn in the form of Wyckoff distribution pattern or head and shoulders. We should see reaccumulation before then. I am basing my prediction on the RSI and MACD of the weekly chart.

mojtaba473

Tesla is exiting phase C and entering phase D in July. We should possibly hit the target of 1500 by end of August when the split occourse if it happends at the same time as the last split. The RSI in the weekly chart shows that 1500 is the most likely target but the MacD shows that it could go up more. The 2 other uptrends from the left shoulder and the head took...

mojtaba473

My target of 2400-2500 is not possible now as the split ratio makes my theory change to 1500 being the top right before the split occoures. This is because That would take tesla back to 500 as the last split did and the RSI and inverse head and shoulders also confirms the price. The only thing that does not confirm the price is the 1570 from the fib trendline. I...

mojtaba473

Hello! Was a while since I did one of these analysis on Tesla. I would like to write that I was wrong last time and only realized it now. We are in phase C now not D as I previously thought. We can also see a nice inverse head and shoulders pattern wedging down since early November of last year. We should be breaking out of phase D around the same time as we reach...

mojtaba473

Looks like we are about to exit phase C now and entering phase D. Target is 1580.

mojtaba473 Updated 

I was yet again wrong in my phasing. We were apparently not exiting phase C but just entered it. The bottom is probably where it is now around 720-700 as this was roughly the resistance from the last years accumulation. The target long term is still around 1680 could possibly also go to 1760 now. We should see a strong reaction up soon as Tesla is currently in the...

mojtaba473 Updated 

I was a bit wrong on my phases on my last update so here is an improved version. We are still in phase C currently but should exit this phase in a week or two before phase D begins and takes us to ATH. I used fib trendlines to get the base case of 1580. Bear and bull case are ∓100 dollars from that price target. The overall Nasdaq has probably reached a bottom and...

mojtaba473

Tesla looks like it did what I believed it would do in my previous update. The stock should continue up from here. I noticed a possible correlation between the 3h chart and 45min chart. On the 3h chart it looks like we have a strong support colored with a green moving average and also an inverse head and shoulders pattern that could take us closer to or above 1000...

mojtaba473 Updated 

Tesla is @ phase C which is the very bottom of the pattern. Buying now would be optimal. Sell at around 1580-1600.

mojtaba473

STOP USING YOUR BRAIN AND JUST BUY!!! 😂😂😂 not financial advice

mojtaba473

As a Tesla bull I am sorry to say that my previous analysis was wrong after the last few weeks downtrend. Tesla will continue down to the blue diagonal lines that i have drawn. After that the stock will only go up until it finally breaks upwards above ATH and continues to around 1580. So if you want to short. do it now and sell around 900 and then buy and hold...