TSLA: Buy ideaBuy idea on TSLA as you can see on the chart if only if we have the breakout with force the resistance line by a big green candle follow by a large green volume.
TSLA trade ideas
Tesla (TSLA) Technical Analysis & Trade Strategy for August 22, 1. Technical Analysis Overview
Trendlines & Price Action: Tesla is currently trading within a symmetrical triangle pattern, as seen on the 1-hour chart. The triangle's apex is approaching, indicating a likely breakout either upwards or downwards soon. This is supported by decreasing volatility as the price consolidates.
Volume Profile: The visible volume profile indicates a significant support zone around $216, with a high-volume node at $224.58, suggesting these levels may act as support and resistance respectively. The point of control (POC) around $224.58 shows where most trading volume has occurred recently, reinforcing it as a critical level.
Indicators: The MACD histogram shows decreasing momentum, with the signal line potentially crossing the MACD line, indicating a possible shift in momentum. However, there is no definitive signal yet.
2. Market Catalysts & Sentiment
Subsidy Risks & EV Market Sentiment: Near-term headwinds for Tesla include concerns about potential subsidy cuts, particularly with upcoming elections that might lead to changes in EV incentives. This could impact demand and investor sentiment.
Recent Q2 Deliveries & Robotaxi Day: Tesla’s second-quarter deliveries have shown signs of stabilization, and the upcoming focus on Tesla's autonomous vehicle technology, especially post the August 8 Robotaxi Day, could reignite interest in the stock. Analysts see potential for a turnaround in Tesla’s story, driven by its advancements in AI and robotics
3. Strategy
Breakout Strategy:
Given the symmetrical triangle pattern, a breakout strategy could be effective. Watch for a decisive move above $228.21 (resistance) for a potential bullish breakout, with a target around $236 (next resistance level) or even $248 if momentum is strong.
Break and Retest:
If the price breaks above $228.21, consider entering on a pullback (retest) to this level, confirming it as support. The target remains $236 and then $248.
Bearish Scenario: If the price breaks below $224.58, watch for a drop towards $216, which could be a strong support. A break below $216 could lead to a more significant downturn towards $212 or lower.
Open Break Strategy:
At market open, observe the price action around these critical levels. A strong move in either direction could be used to quickly enter a trade, aiming for 1-2% gains, especially if combined with rising volume.
Prepare for Volatility: Given the recent consolidation, a breakout could be sharp and swift, so ensure stop-loss orders are tight to protect against quick reversals.
Tesla, about to begin its booming Flagout!Tesla, is the stock which follows a regular pole flag pole analysis, and it seems to be on its way of the bullish move commencement after a quite Bull-Flag correction!
TESLA May Extends Uptrend Towards $310TESLA May Extends Uptrend Towards $310
Tesla reached the top of the channel at 270.90 on 11-Jul-2024 and the lowest price was reached at 182 on 05-Aug-2024
Over the past week, Tesla broke out of a bearish channel indicating that the bulls are once again taking control of the price.
Considering that we are at the end of the summer season, chances are that we could see prices rise again near 310
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
$TSLA $LABU staying with LABU less shenanigans Describing that I today loss money due to TSLA shenanigans and how I had BIAS by watching LABU and TSLA together. I will trade TSLA on the daily on extremes and LABU for everyday or week.
TSLA HTF Outlook - Can we safely hold shares for the long term?This is more of a higher time frame analysis of TSLA - which is key in order to be taking LTF trades as well.
Hope this was helpful and
Happy Trading :)
A heartfelt message from human to human. A life lesson. Disclaimer: This video is not an analysis video so for those looking for a TSLA analysis here feel free to skip over.
This video is a heartfelt message from one human to others - I learned some important lessons this morning about haters and about myself and I was given beautiful insight from G-D which will make me a better human being going forward.
To those who come back time and time again to support me, I can't tell you enough how much I appreciate your appreciation - I truly spend my time making these videos to help you.
I continue to pray that G-D silences my soul to those who hate and curse me.
Thank you for listening and I will now get back to the analysis side of this business!
TSLA Long Swing; Out of a Decline...We Shall See! TSLA shares have breached the trendline and exited a descending channel!!! The price also passed the 215.00 resistance level. Now the price is expected to rise further to the next resistance at 234.00 . A breakout above this level will drive the quotes up to 246.00!!!
Tesla is closing to resistance level, More Correction?Firstly, Tesla is closing to the downtrend line, which might be rejected to drop.
Secondly, the high volume candle shares the same level with this resistance area, double confirmed the importance of this resistance level.
So, in my opinion, it may go bullish after break above the resistance level.
TSLAPair : Tesla Index
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
Demand Zone
Tesla (TSLA) for tomorrow and the rest of the August 21, 2024
Chart Overview:
Timeframe: 1-hour
Price Action: TSLA has been in an upward channel but recently had a pullback. It's currently near the lower boundary of the channel.
Key Levels:
Support:
$220.29: Strong support, aligning with the lower boundary of the channel and the Ichimoku Cloud, which might act as dynamic support.
$219.43: Another support level just below, likely an important psychological level.
$212.22: Strong support; if price breaks below the channel, this level could be tested.
Resistance:
$228.38: Immediate resistance where the price previously encountered selling pressure.
$234.60: A higher resistance level; a break above could signal a continuation of the bullish trend.
$249.89: Major resistance; a target for the bulls if the momentum continues.
Technical Indicators:
Ichimoku Cloud: The price is above the cloud, which is typically bullish, but the current pullback suggests some consolidation or a possible trend reversal if it falls below the cloud.
Trend Lines: The price is nearing the lower trend line of the upward channel, which is crucial. If it holds, it might bounce back to test the upper trend line.
Trading Strategy:
Bullish Scenario:
Entry: Consider entering near the $220.29 support level if it shows signs of holding, with a tight stop-loss just below $219.43.
Target: First target around $228.38, and if momentum continues, look for a possible move to $234.60.
Exit: Partial exit near $228.38, full exit near $234.60 if resistance holds.
Bearish Scenario:
Entry: If the price breaks below $219.43 and closes below the Ichimoku Cloud, consider entering a short position.
Target: First target near $215.25, and if it continues to drop, a secondary target at $212.22.
Exit: Tight stop-loss if the price reclaims $220.29; full exit near $212.22.
Rest of the Week:
Upward Continuation: If TSLA holds the current support and breaks above $228.38, it could continue higher towards $234.60, and possibly $249.89 if bullish momentum strengthens.
Downward Continuation: If the price breaks below $219.43 and closes below the Ichimoku Cloud, a downward trend could be confirmed, with $212.22 as the key level to watch.
Monitoring the price action near these levels, especially the interaction with the Ichimoku Cloud and trend lines, will be essential for determining TSLA's direction for the rest of the week.
$TSLA #InvH&S Base to $300 and #BeyondNASDAQ:TSLA is setting up a very nice potential Inverse Head n Shoulders Pattern...
Technically you want to wait for the "neckline" to break before entering. Personally I'm looking at playing it into the neckline and #Beyond...
In this specific area "A Gap Above 235 would be #Perfect" ...
JPow Tomorrow will be #Interesting
-Proph
PS: If history repeats, expect more of the same (Bullish), Lies, CPLies, Employment Number Lies, etc...
But Trump floating rumor about them "revising" and his history of "I hate to say I was right's" ...
He's also been floating the idea of 29' style crash... The #Board feels like it's setting up a massive rug pull at some point, doesn't have to be tomorrow...
Stay #Alert , no time for #Complacency imo , they practiced/rehearsed the Rug Pull that other Monday to #Perfection...
Possible BUY set up for teslaPrevious liquidity purge, price ran down and filled the gaps, nicely balanced with a rapid movement on the 3D chart. For a reasonable swing target.
Although with global macros in play at the moment, I wouldn't want to hold for too long.
TSLA Short Idea (or long)TSLA is back to the critical trendline resistance from ATH in late 2021. It had a big move above, which ended with a fakeout and hard rejection. Now it's back again. I like puts here, but I won't be holding on to them if it begins to break above this trendline again.
New high for 3 days straight.... aGaIn ToMoRrOw ? Bow down to the bulls, cant even hate because I ate with them too (bars). Tesla is bullish in my opinion and as we all can see, they are getting close to the target I've stated the last few days and if you a bear, watch if they reject at 226 but I don't really think there will be an issue until 233. I really want the bears to react in that area... scare them a bit-make them sell a bit at 233 and hopefully bears can have fun, potentially do a retest at 216
TSLA going parabolic soonConsolidation on the 1 month chart looks very ready to pop.
Targets 295 for T1,
501 for t2
610 for T3
What's daunting, I can see TSLA trading over MIL:1K in the near future.
Tesla - Possibility Of A BreakoutNASDAQ:TSLA can break out soon:
Over the past two weeks we saw an incredible stock market rally and also Tesla completely reversed the flash crash which we saw in the beginning of August. It is still quite possible that Tesla will break out of the long term triangle and immediately head back to the previous highs.
Levels to watch: $230, $400
Click chart above to see the detailed analysis👆🏻
Keep your long term vision,
Philip (BasicTrading)
tsla C&Hstraight to technicals after tesla made this higher high on my trendline and proved we have an EMA to work on/trendline that it respects i would hope for it to either break through my 222 pivot or at least find support there (level by level) if we can hold the resistance as support and create another higher high we can look upwards to the next levels of 264 ,299 and ofc the 356.
The projection of the cup and handle is 78% from current price (cup and handle depth = projection after breakout
elon wishes to take tsla to the levels of 400 and based on the companys preformance of their robotaxi and other bots scifi they wish to introduce to the real world we could see this rise to a new ath
or ofc.. a big failure to 90.78.
companies need to preform to increase, unlike gold or silver or anything that works based on supply and demand so anticipating failure or success is literally impossible but if we believe in the company values in their leadership in their team that could up the chances. so if you trust elon can win the hardships there shouldnt be a reason the projection wouldnt work.
TSLA still a BUY ++++Next targets are $230 and $236 we are in a clear uptrend and broke above the $205 and $211 resistance levels I previously posted about
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.
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
