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Teslatrading

TESLA: 'Final boss' Resistance test.TSLA was rejected on the November 29th test on the LH trendline of July's High but upon the pullback it held the 4H MA50 and reversed. Contrary to the previous LH rejections (Oct 11th, Sep 15th), the stock is being given the chance to make another test on a very short time. Being still bullish on the 1D technical outlook (RSI = 57.232, MACD = 1.890, ADX = 23.357) suggests that if the 4H MA50 remains intact, Tesla can finally cross over this five month Resistance trendline and start a new rally. The longer the price stays this high, the more quicker a 4H Golden Cross will be formed, which is will be a bullish signal validation. Last 4H Golden Cross was registered on June 5th, almost halfway through the three month rally. In any case, it the LH of July successfully breaks, we expect the established Channel Up pattern from the October 31st bottom to make another +20% rally to the R1 level (TP = 278.00). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
TESLA: Has seen this pattern before and can target $800.TSLA is on critical crossroads as it is approaching the LH trendline of the November 1st 2021 All Time High and that will basically be the third test in a little over 4 months. With the 1W technical outlook neutral (RSI = 53.560, MACD = 5.620, ADX = 26.050) we can't be sure it will break but if it does, a fractal from the distant past (2015-2017) shows that it can target the 1.5 Fibonacci extension. That is just over $800 and that will be our target once we close a full 1W candle above the LH. Even the 1W RSI patterns of the two fractals are similar. A third, not entirely similar fractal in 2019, also broke upwards (even more so) aggressively once the stock crossed over the LH trendline. Heading into 2024 our thesis is very bullish on Tesla. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
1
TESLA: Should HSBC's $146 target price scare the market?On first impression it is obvious that this reduced rating of Tesla shares by HSBC, did scare the market as the price is falling more than -6% intra day. The 1D technical outlook is now bearish (RSI = 37.472, MACD = -7.750, ADX = 34.942) with the price dropping below the 1D MA200, despite having it hold the last 4 sessions. Perhaps the most dangerous development is the rejection of the RSI on the LH trendline of June. That is also evident on the 4H timeframe, the same LH trendline is present and just rejected the RSI. On the bright side though, the 4H timeframe shows that the current pattern is an Inverse Head and Shoulders similar to the bottom patterns of August, April and January. All those patterns former the RS (Right Shoulder) under the 4H MA50 but over, even slightly, the 0.5 Fibonacci level. Now the price is slightly under it. If it closes there, consider it a bearish sign for the short term. On the long term, the key is where the 1W candle will close. With the 1W MA50 and MA200 on top of each other, the last two weekly candles closed over them, which hints towards a bottom formation. If the week closes again above them, consider it a bullish sign. If below, then HSBC's target may soon become a reality as selling order will pile up. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
2
TESLA Should the battery production drop scare you?Tesla dropped more than -5% intraday as Panasonic, a crucial supplier, revealed a reduction in automotive battery production during the September quarter. The announcement comes amidst growing concerns over a worldwide deceleration in EV sales. The fundamentals are obviously the opposite of ideal but the stock finds itself in a peculiar technical position that contradicts this fear across the market. The technical outlook on the 1D timeframe is oversold (RSI = 25.208, MACD = -13.090, ADX = 45.344) while the price came only $4 away from the bottom of the Channel Down pattern. The oversold 1D RSI makes these low levels an even stronger buy opportunity as the other two times it reaches such low levels this year, it rebounded immediately. Consequently, we believe that the negative fundamentals are already priced in on October's fall and the Channel bottom buy opportunity is too good to ignore. Buy and target the 0.786 Fibonacci level (TP = 250.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
Dont Bet Against Tesla while Bullish Strength ExistsHi guys. This is a Technical Analysis on Tesla (TSLA) on the 3 Day chart. BRUH.......I was aspecting prices to be around the FIB retracement levels i pointed out in my previous ideas (200-220 range) a little longer. Though its still possible we can retrace back down from this current area. BUT Some bullish signs exist, therefore in my opinion we are Bullish until Proven Otherwise. Jumping in, our current move is fueled by our Major bounce from a Critical Confluence of Supports. We have the RED ZONE We have the Black trendline We have the 50 SMA We are also ABOVE the 21 EMA, which when support is Confirmed it indicated UPTRENDS. As long as we respect the 21 EMA and stay above it. Volume is picking up as well. WHich is also indicative of the current move. To break ABOVE resistance lines, we need to continue to see VOLUME increase. MACD is also showing signs of waning Bearish Momentum, with Light Red histobar prints and flattening of the Blue line. We need to avoid printing a Dark Red Bar. Instead see print of Green bars with a Bullish Cross. RSI is also getting close to testing the Black moving average i have added. The way i use this is: Usually if RSI is ABOVE the Moving AVerage, it signifies UPtrends. But do note: This current candle closes on the 8th of September. And note that we are hitting some Major Resistance Area. There is always a risk of sell off. BUt as long as we continue the current trends in volume, stay above the moving averages, and maintain patterns in indicators Uptrend will continue. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on TSLA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:TSLALong
by SafofAllTrades
10
TESLA Over the 4H MA50 again. Hyper leg rally is starting.Tesla closed over the 4H MA50 again, a strong display of bullish momentum, turning the 1D technical outlook marginally bullish again (RSI = 55.241, MACD = -0.880, ADX = 30.931). The 4H MACD formed a Bullish Cross, same as April 28th that was a bottom on the Channel Up pattern. We stick to our long term TP = 325.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLALong
by InvestingScope
2
TESLA: Is it still a buy after today's fall?Tesla is having an approximatelly -7% decline at the time of this analysis, the strongest we've seen since the April bottom. This was enough to turn the 1D timeframe neutral in an instant (RSI = 54.820, MACD = 15.050, ADX = 39.955). The question is obviously, is the stock still a buy? Yes but as close to the 1D MA50 as possible. This is a 1W chart, so the 1D MA50 is portrayed in green. The fractal is basically the same as November 2019. And the price action that led to it starting in 2018, is almost the same as the 2022 Bear Market for Tesla. In November 2019 the stock made the second (and last) small correction before skyrocketing on a multi-week rally. With the price already past a 1D MA50-1W MA50 Cross, we are going long on the first green 1W candle near the 1D MA50 and will target the All Time High (TP = 415.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:TSLA
by InvestingScope
12
Re-setting the stop gain! Next week looks promising!Ok, traders! Tesla might do a double top here! If next week it breaks the 635, it might keep pushing up, but I’m not sure if this will happen. We have a small RSI divergence, but the 20ma is holding the price. Still, it is important to be careful here. You guys know that I booked about 90% of my trade, which I bought at 596, and I’m still holding some shares. Today I decided to move my trailing stop-gain to the 622. If Tesla breaks this point, it’ll trigger the double top, and it might drop to the next support. If Tesla triggers the double top the next target is the 596, and this would be a short opportunity! We’ll have our answer next week. I’ll keep you guys updated. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLA
by UnknownUnicorn21312077
4
Tesla in October 2020 I've highlighted or marked the double-top pattern that IS NOT YET CONFIRMED. This week we got the news of Battery Day and the hype has died down. Both rejections on the Weekly chart show more Bear Volume than Bull. MACD hasn't flipped bearish since March. RSI is still over-heated. The U.S election is 40 days away and there has always been a market dump around this time. These are all prime factors to consider for what Tesla's price action will look like in the next month or so. Being short or cash is the best move at the moment with all of this uncertainty.
NASDAQ:TSLAShort
by tired_man_willis
1