Longtesla — Trading Ideas on TradingView

TESLA $TSLA - Feb. 13th, 2023 Tesla $TSLA NASDAQ $NDQ $NDX US100 BUY/LONG ZONE (GREEN): $208.41 - $234.10 DO NOT TRADE/DNT ZONE (WHITE): $187.63 - $208.41 SELL/SHORT ZONE (RED): $113.06 - $187.63 Weekly zone from Mon. May10th, 2021 drawn to Tue. Feb. 21st, 2023. Multiple touches on zone on weekly chart occurring on weeks of: Monday May 24, 2021, Tuesday June 01, 2021, Monday June 21, 2021, Tuesday July 06, 2021 through Monday July 26, 2021, Monday August 16, 2021, and then not again until Monday May 16, 2022, Monday May 23, 2022, Monday June 13, 2022, Tuesday July 05, 2022, Monday October 10,2022 through Monday October 24, 2022, and lastly Monday February 06, 2023 Weekly level for current structural low at $113.06 (weeks of Tuesday December 27, 2022 through Tuesday January 03, 2023). Zone drawn on 4H - Prices $178.07 - $187.63 Bottom zone level comes from bearish candle open on Monday January 23, 2023 09:30 ($178.07). Top zone level comes from bullish long-legged doji candle close on Monday February 13, 2023 09:30 ($187.63). Daily structural level (price $159.64) from bearish candle open on Friday December 16, 2022, confirmed on Thursday January 26, 2023 (bullish daily long-legged doji). The next zone to look at in the event of a breakout is $234.10 (bottom level) - $238.56 (top level). SIDE NOTE: If NASDAQ closes green this week it will be the second bullish indicator after the four consecutive candles (turned into five consecutive after bullish mark) and weekly structure break from weeks of Tuesday January 03, 2023 through Monday January 23, 2023. Blue chartings are from weekly timeframe and above. Yellow chartings are from daily timeframes and below. Technical analysis only, does not factor in real world events or fundamentals. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!

Long Tesla $TSLA Bounced off-key level of support in FIB, RSI is starting to point up, on balance volume is still pointing down, the stock had good news today, MACD hasn't switched over, has unusual call volume. Possibly room up to the 9 SMA. Disclaimer: Stratford Research newsletters reflect the research and opinions of only the authors who are associated persons of Stratford Consulting Ltd. The newsletters are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the newsletters is not intended to serve as the basis for any investment decision and is for entertainment purposes only. Any third-party information provided therein does not reflect the views of Stratford Consulting Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.

Nice setup into this week: $TSLA TSLA seems to be set up for an explosive move this week. It's forming a bull flag meanwhile RSI has passed the test at 50 and the MACD is curling up for a bullish cross. So I believe this bull flag will resolve to the upside. And when Tesla gets moving, it really moves. People always talk about this as just a car company and complain about its valuation. The ventures under the umbrella of Elon Musk's control have considerable future value. The Boring Company could help solve traffic issues and pollution then provide its services to the government (federal or state level) and to cities around the world. Star Link will be able to provide wifi to rural areas where traditional cable companies don't invest too heavily in infrastructure in those areas and eventually provide a network for Tesla cars and who knows what else. Neuralink and Space X have endless possibilities. The growth potential and the amount of value here are tremendous and I'm probably forgetting something. Needless to say, I'm of the opinion that if you don't have some extra individual exposure to TSLA besides through S&P 500 index funds or growth/EV funds, you are making a mistake. Overweight Tesla. Some of the most bullish price targets are as high as $3,000. TA set-up looks nice and fundamentally the company is stabilizing financially via the Auto business which will allow them to perfect their moonshots and bring them to market, creating massive value for shareholders.