TSLA has reached the target !! correction is coming as you can see the chart with two patterns has reached its target precisely
it is between 455-485
so you have to be careful in trading, exiting, and entering this stock 😁
personal opinion
TSLA trade ideas
Tesla Hits New Highs! Will Santa Bring a $500 Gift for Xmas?Tesla’s stock is delivering holiday cheer, hitting an all-time high of $436 just in time for the season. Analysts are buzzing about where Santa might steer this EV sleigh next. Using the Fibonacci retracement tool, the 161.8% extension suggests a gift-wrapped target of $571.93 , while the trendline forecasts a cozy $490-$530 range by New Year’s Eve.
But wait, there’s more in the stocking! Tesla’s breakout was accompanied by high trading volume, like elves working overtime in the workshop. Meanwhile, the RSI is sitting at a frosty 78, suggesting Tesla might need a pullback before flying higher. Analysts are chiming in, with some predicting $472 and others dreaming of even higher targets for 2025.
If things go the other direction, keep an eye out for the $390-$400 range for key support. A break below this could mean Christmas is canceled.
Will Tesla soar like Rudolph or will Jack Frost be nipping at investor's hopes? Only time will tell, but one thing’s for sure: Tesla is the star atop this year’s stock market tree. Keep your eyes on the chart for more festive moves!
Let's sleigh the stonk market together! For more analysis and chart trends subscribe and launch that 🚀 to new all time highs!
understanding roc obv with rsi indicator ,teslaCombining the Rate of Change (ROC) of On-Balance Volume (OBV) with the Relative Strength Index (RSI) creates a multifaceted technical analysis tool that assesses momentum, volume flow, and potential trend reversals. Here's an overview of this composite indicator:
**Components and Calculations:**
1. **On-Balance Volume (OBV):** OBV measures cumulative buying and selling pressure by adding volume on up days and subtracting it on down days. A rising OBV suggests buying pressure, while a falling OBV indicates selling pressure.
2. **Rate of Change (ROC) of OBV:** This calculates the percentage change in OBV over a specified period, highlighting the speed at which volume flow changes. The formula is:
\
A positive ROC indicates accelerating volume flow, while a negative ROC suggests decelerating volume flow.
3. **Relative Strength Index (RSI):** RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions, oscillating between 0 and 100. Traditionally, RSI values above 70 indicate overbought conditions, and values below 30 indicate oversold conditions.
**Interpretation and Usage:**
- **Trend Continuation:** A rising ROC(OBV) combined with an RSI above 60 may confirm a strong uptrend, suggesting sustained buying momentum.
- **Trend Reversal:** A declining ROC(OBV) alongside an RSI below 40 could signal a potential trend reversal, indicating increasing selling pressure.
- **Threshold Levels:** Incorporating horizontal threshold lines can help identify support or resistance levels. For instance, if ROC(OBV) bounces off a threshold with a corresponding RSI change, it may suggest a pause or continuation in the trend.
**Visualization:**
Some implementations enhance this indicator by coloring the ROC(OBV) line based on RSI values, providing a visual representation of momentum shifts. For example, the line might turn lime when RSI is above 60 and blue when RSI is below 40, offering immediate visual cues for traders.
**Application:**
This composite indicator is particularly useful for assets with significant volume activity. By analyzing both price momentum and volume flow, traders can gain deeper insights into market dynamics, aiding in the identification of trend continuations, reversals, and potential breakout points.
**Example Implementation:**
An example of this indicator is the "Rate of Change of OBV with RSI Color" available on TradingView. This tool combines OBV, ROC, and RSI to monitor momentum and potential trend reversals, with visual enhancements based on RSI values.
By integrating these three analytical tools, traders can develop a more comprehensive understanding of market conditions, improving the accuracy of their trading decisions.
Tesla Hits Resistance: Correction or Continued Rally?After Tesla's significant price surge, it has now reached a strong resistance level. From this point, traders may anticipate a price correction, potentially in the form of a minor pullback, before resuming the uptrend. Additionally, Elon Musk's recent statement that older Tesla models won’t support the self-driving feature could contribute to a further price dip. While our long-term outlook remains bullish, some volatility is expected in the near term."
TESLA almost ready for takeoff!!!🚀I think that slowly many people will realize that driving a electric car isn't it. High cost to get one, materials gathered by modern slavery, oil prize going down. Well, looks bearish at first. But in the near future Tesla will come up with something big. Something that will be better then driving gasoline. As you can see in the chard we can see a beautiful descending triangle. Once we break out we will go up hardcore.🚀
MSTR/TSLA Pair Trading, ATR GuidedGoal : Stay in a winning trade as much as possible, while reducing trade fatigue.
Where : In a tax-free retirement account. Low risk. No options trading.
ATR Settings:
MSTR = 1HR, no noise suppression
TSLA = 90MIN, no noise suppression
Trading rules :
All in on first Buy Zone --> stay in assett until Sell Zone --> rotate if other asset is Buy Zone OR cash out and sit if both in Sell Zone
TSLA looks like it's getting SHORT SQUEEZEDThese levels of TSLA looks elevated and don't align to fundamentals. After what appears clearly as a short squeeze, the price may come down hard to the $280-320 support levels. TSLZ could be a good upside opportunity! Best of luck and safe trading!
TESLA: Can it reach $500?Tesla is overbought both on its 1D (RSI = 76.375, MACD = 28.880, ADX = 43.174) and 1W (RSI = 76.043) technical outlooks. This however isn't by any means a bearish sign, at least not on the long term. Tesla appears to be aiming for $500 in the immediate future and in our view even higher on the long term. The reason is the convincing 1W Golden Cross that is about to be formed and the last time we had such a clear Cross was on January 21st 2020.
The stock was ona bullish breakout after a Channel Down correction. The breakout initiated a rally that was supported by the 1W MA50 all the way until the November 2021 Top on the 4.5 Fibonacci extension! Tesla's 2025 target shouldn't be $500 but instead the 2.0 Fibonacci extension at $640. As long as the 1W MA50 supports, we will stay long term bullish towards that target (TP = 640.00).
See how our prior idea has worked out:
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TSLA-SELL strategy 3-Daily chart GANN SQThe share has risen far too much, and all based on hype, and forecast of $ 400.00 by some reputable institutions. So, yes price erached beyond $ 435..and now what.. is the question.
RSI is very high and should reflect the overextended BUYING of the market. GANN also suggests we see the peak below $ 446 area, hence decline feels imminent.
Strategy SELL current $ 420-440 and take profit near $ 365.00
TSLA at the resistancehi Traders
Let's have a look at TSLA chart on 3D time frame.
Are you buying at the resistance after such a massive rally? If so, you are taking a high risk as the profit taking is expected.
Recommended strategy:
1. Short at the resistance with a tight stop loss.
2. If you're a bull, wait for the price to revisit a demand zone where the long position can be placed. Target for bulls at 400 $.
Good luck!
TESLA bulls take complete control!Boost and follow for more ❤️🔥 Tesla has come a long way since I called the dip buy at the 170 area, congrats to longs!
Recently we have seen Tesla reclaim a major trend support AND a resistance zone all in a single weekly candle, even if we dip a bit from here I still love Tesla as long as 300-314 holds ⚡
a rally higher to 400-500 in the next 2-3 months or so is very likely in my opinion! 🎯
side note: I may hit 12,000+ followers by the time I post another chart or update.. Thank you to anyone that's followed and supported my ideas over the years. You motivate me to keep improving and posting more content. ❤️🔥 see you soon
$TSLA Analysis Update 12/11/2024NASDAQ:TSLA is approaching its ATH of $414.50, coinciding with the analysis and its anticipated targets of wave C; C1=$469, C2=$647
The chart suggests that the upward momentum will continue based on the current positive market sentiment.
NASDAQ:TSLA
TSLA Flash back to 2021 TopIf you've been following me for a while, I don't really do things like this and just keep focused on stock setups to lead my next best action.
The narrow market in the last couple weeks got me digging and NASDAQ:TSLA run reminding me of 2021 top.
So went a bit deeper and price action is almost identical before that top.
Again, I have no clue what will happen next but what I know for damn certain is that I want to see money start flowing back into the rest of the market before I get aggressive again.
AMEX:IWM AMEX:SPY CSE:QQ
Tesla (TSLA) Shares Surge to a New All-Time HighTesla (TSLA) Shares Surge to a New All-Time High
The chart for Tesla (TSLA) shares reveals:
→ At the beginning of December, the price was around $350;
→ Yesterday, the trading session closed above $420, surpassing the previous all-time high near $410 set in 2021.
The primary driver of this bullish sentiment appears to be the partnership between Elon Musk and Donald Trump. Since the 5 November election, Tesla shares have broken through a key resistance level near $265, rising approximately 69% and adding around $555 billion to the company’s market value.
Additional positive factors include:
→ Investor expectations that Tesla’s planned affordable new model could become a bestseller in 2025;
→ The company’s plans to launch self-driving taxis and other innovations.
Can the Bullish Momentum Persist?
According to Barron’s, Tesla shares might be overvalued from a fundamental perspective. Currently, TSLA trades at roughly 125 times the expected earnings for 2025, a ratio reminiscent of the previous peak when the stock dropped by about 50% in 2022.
Technical Analysis of Tesla (TSLA) Shares
→ The November consolidation around $350 (marked by a thick blue line) may indicate the median of the long-term upward channel (shaded blue).
→ Throughout 2024, the lower boundary of this blue channel has provided strong support. In the most optimistic scenario, TSLA shares could rise toward the channel’s upper boundary near the psychological $500 level.
→ The RSI indicator is above 80, suggesting the price is vulnerable to a pullback, as observed earlier this year. In this scenario, a test of the $400 psychological level cannot be ruled out.
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.
$TSLA the BEST Fibonacci Trade I shared YET for YallTeam we did it NASDAQ:TSLA tagged 420 from our 618 entry given back in Nov
Lets GO DROP A LIKE for the next one! Show me some love this was a life changing play BOOM
TSLA - Same pattern again ?If NASDAQ:TSLA repeats the same ralli again this will be the resulting graph.
Now, we have one obvious difference, first impulse is almost complete by 9 months earlier when compared to previous ralli.
While the first ralli was yielded 25x, this ralli (if happens again), will yield 3x.
Tesla $TSLA Daily Chart W.D. Gann Resistance Price Level📐 **Tesla ( NASDAQ:TSLA ) Daily Chart – W.D. Gann Resistance Alert!** 📐
Tesla is approaching a critical W.D. Gann resistance level on the daily chart. This key price point could act as a pivot for potential reversal or a breakout trigger. Bulls watching for confirmation, while bears eye a possible rejection. Stay sharp! ⚡️
#SPX500 AMEX:SPY NASDAQ:QQQ #BITCOIN #CRYPTO
TSLA Soars to Key Levels. Ready for December 12, 2024How to Trade Using GEX and Options Oscillator Insights!
Key Observations:
* Price Movement: TSLA is trading at $428.57, nearing the Highest Positive NETGEX / Call Resistance level.
* Volume Trends: High volume reflects significant interest and momentum in the stock.
GEX Levels:
1. Resistance Levels:
* 429.90: Immediate resistance, aligned with the Highest Positive NETGEX.
* 440 (2nd Call Wall): A breakout above $429.90 could lead to this level.
* 450 (3rd Call Wall): Extended bullish target.
2. Support Levels:
* 415: Immediate support; a breakdown could lead to a retest of lower levels.
* 390: Strong support reinforced by GEX levels.
Options Oscillator Insights:
* IVR (Implied Volatility Rank): 69.7 – Elevated IVR suggests high option premiums, favoring strategies like selling options or spreads.
* IVx (Implied Volatility Average): 67.3% – Reflects high expectations for price movement in the near term.
* Call %: 88.3% – Extremely bullish sentiment, with calls dominating puts significantly.
Trade Recommendations:
1. Bullish Setup:
* Trade: Buy TSLA $440 Call expiring December 22, 2024.
* Target: $440–$450.
* Stop Loss: Below $415.
2. Bearish Setup:
* Trade: Buy TSLA $415 Put expiring December 22, 2024.
* Target: $415 or lower.
* Stop Loss: Above $430.
Conclusion:
TSLA shows strong bullish momentum, with the GEX and Options Oscillator aligning for a potential breakout. However, elevated implied volatility and the dominance of calls highlight a sentiment-driven rally. Traders should watch $429.90 closely for breakout confirmation or failure at resistance.
Disclaimer: This analysis is for informational purposes only. Always trade responsibly and consider your risk tolerance.
TESLA - ATH WEN? WEN MOON?So TESLA has been on a veryy, veryyy rather very critical juncture and yet to bee seen to break ATH or not, enormous runaway gaps and tasuki gaps to be filled.
The 12H charts looks like this!
Expecting at 409 to start my shorts and not before that. Targets doodled!
Tesla UpdateAs mentioned on the last couple posts, I am just waiting for Tesla to hit a top and begin a consolidation to the downside again. For this post, I thought I would zoom out to give a more holistic picture of where we're at, and where I believe we're headed.
Looking at the chart there are a few things going on. At the top of the chart, you can see a time tool I have drawn to point out the duration of these larger moves. Our larger ((A)) wave lasted for about 428 days, while the larger ((B)) wave is going on 705 days. Then, looking at the yellow trend lines drawn, you can see we have slightly breached the upper trend. At the bottom I have drawn a line pointing out the ATH high MACD reading that we're approaching. RSI is in the way overbought territory too. You may be asking yourself; Why am I talking about all of these things? The reason I am pointing these different things out to you is to show how overextended this ticker is. To express that I believe it is just a matter of time until this stock comes back down.
Looking at the structure/pattern that has been created, I find it highly likely that Tesla forms a flat ABC pattern ending around the red 1.0 @ $100.09. The red fibs could change slightly should Tesla make another high. It won't be a big difference, but could slightly change, nonetheless. The next major move lower should be primary wave ((C)) of Cycle wave II and will likely last 1-3 years...if not longer. We cannot know for certain how long, but unless the wave (3) of ((5)) started out as a LD, we're head lower soon. The only other option aside from a LD is a corrective pattern, which is how I am counting this.
I hope this gives a clearer picture of where we've been, where we're at, and where we're headed. Please let me know if you have any questions.
TSLA updatedIt has broken the ascending broadening wedge to the upside. Plenty of room on the RSI to run. I believe 550 to 600 USD is the next point it will run to.
Let's see. I still expect 26 USD once the top is reached.
Not financial advice.
TSLA_ UP or exhaustion It hit its first TP target.
Will it be able to break above the redline and continue its uptrend.
It's overextended, above the 20MA.
Take care.
NFA
Tesla is overboughtTesla is overbought. This is a 5 year view on TSLA 1 week chart. TSLA stochastic indicator is overbought with a close today of 99.95 K line and 96.42 D line. I got the average trajectory channel using the regression trend drawing tool. Then I color coded the channel with red being major resistance and green being major support. Also, TSLA closed with it's all time high today at 425. I'm posting this as a short because there's a greater downside risk than an upside reward now. At some point in the next few weeks, gravity will overcome momentum.
TSLA options data:
12/20/24 expiry
Put Volume Total 168,582
Call Volume Total 314,428
Put/Call Volume Ratio 0.54
Put Open Interest Total 591,885
Call Open Interest Total 550,113
Put/Call Open Interest Ratio 1.08
1/17/25 expiry
Put Volume Total 109,436
Call Volume Total 159,467
Put/Call Volume Ratio 0.69
Put Open Interest Total 1,058,948
Call Open Interest Total 989,464
Put/Call Open Interest Ratio 1.07
2/21/25 expiry
Put Volume Total 13,715
Call Volume Total 34,291
Put/Call Volume Ratio 0.40
Put Open Interest Total 149,526
Call Open Interest Total 233,165
Put/Call Open Interest Ratio 0.64
