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Tesla’s Next Big Move: Here’s What to WatchQuick Tip: If you’re on a losing streak—three trades down—it’s okay to take a break. Don’t let FOMO (fear of missing out) get to you! Set a timer for 15 minutes, step away from your screen, and do something else. Go for a walk, change rooms, or just breathe. No charts for those 15 minutes. You’ll come back clearer and ready to make better decisions. What’s Up With Tesla? Tesla ( NASDAQ:TSLA ) is at a crossroads, and things could get interesting soon. Here’s what to watch for: 1) If Tesla breaks above $440: We could see the stock climb toward $544, which would be a strong move for the bulls. 2) If Tesla drops below $417: It might head down to $389 or even lower, so be cautious. Keep it simple: watch these levels, stay patient, and let the market show you where it’s going. Kris/Mindbloome Exchange Trade What You See
MARKETSCOM:TESLA
by Mindbloome-Trading
TESLA Every pull-back is a buy opportunity. Is $1000 possible?It was almost 6 months ago (June 26, see chart below) when we made a seemingly unrealistic bullish call on Tesla (TSLA) for the time being, setting $400 as our first Target: In fact, it was 8 months ago (April 15, see chart below) when we called Tesla's exact bottom, expecting its own 'Meta recovery moment' following lay offs of more than 10% of staff: Obviously, you can say that you couldn't see that coming. Tesla not only broke above $400 but is about to hit the next psychological level of $500. In order to make better sense of this logarithmic rise and display it in a more effective way to you, we have borrowed some of our Bitcoin analysis tools: the Pi Cycle and the Mayer Multiple Bands. What you see on this chart, are the Pi Cycle trend-lines 1 (orange) and 2 (green), which have been key Resistance and Support levels respectively during the majority of Tesla's historic run, combined with the MMB SD3 above (red trend-line) and MMB SD3 below (black trend-line), which have historically been the extreme Resistance and Support levels respectively. In the middle of all these is the 1W MA50 (blue trend-line), which during the Parabolic Rally phases (like the one we are currently on), is Tesla's major Support. All the above are applied on Tesla's key historic pattern: a Channel Up, defined by its middle Fibonacci retracement levels (0.618, 0.5, 0.382) and its extremes, the -0.382 Fib (caught the June 2019 market bottom) and the 1.382 Fib (caught the February 2014, February 2021 and November 2021 market tops). At the moment the price just broke above Pi Cycle trend-line 1 (orange) and hit the 0.618 Fib. While this is a strong short-term Resistance cluster and may force some investors to take profits, every such pull-back should technically be a buy opportunity from now on, as the market as already started its Parabolic Rally phase. As you can see both previous Parabolic Rally phases hit the 1.382 Fib extension extreme, trading on the way up considerably above the 1W MA50 and with the Pi Cycle trend-line 1 (orange) as its loose Support. Even though another test of that extreme would take the stock to incredibly high capitalization levels and cannot be justified without an applicable expansion of their product lines (from electric vehicles to A.I. and robotics), a $700 - $1000 target range by the end of 2025, doesn't seem so unrealistic if those products hit the market with real world applications. In any case, every break above the Pi Cycle trend-line 1 (orange) has historically started Tesla's largest rallies (exception of course the March 2020 COVID flash crash, which was quickly recovered), so plan your strategy accordingly. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
TESLA Will it turn the former 2-year Resistance into Support?Tesla (TSLA) fulfilled our August 15 buy signal (see chart below) as after the minor pull-back we expected, it rose aggressively on its new Bullish Leg of the 2-year Channel Up and came close to a new Higher High: The correction of the past 4 days may be one last great short-term buy opportunity as it hit yesterday the former Resistance Zone of July 2022. If it holds, it will turn into its new technical Support Zone, thus will be an additional buy for out $380.00 Target. Beyond that we need to see the ATH break before formulating a new strategic plan on the pattern that will emerge. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
2
Tesla Eyes $350 Break: Will We Soar to $371 or Pull Back First?Hey trading family, here’s the scoop on Tesla right now: We’re looking at a possible break of $350, which could take us to the $371 zone. From there, we’ll need to see if the market has the strength to push higher or if it pulls back, possibly to $359 or lower. On the flip side, if the market corrects from here, we could see a dip to $340, maybe even $335. Stay chill, watch the levels, and let Tesla show you where it’s heading next. Always trade what you see! Mindbloome Trading / Kris
NASDAQ:TSLALong
by Mindbloome-Trading
Tesla's Next Big Moves: Buckle Up! Alright, here’s the lowdown: Tesla’s sitting right at $241 support, gearing up for a possible push up. If we hold this level, we’re eyeing $266 as the next stop. But here’s the kicker—if we fall below $241, that support could flip, and Tesla might tumble hard, possibly all the way to $157. Let’s keep it simple and watch the levels!" Easy Breakdown for the Ride: Where We’re at Now: $241 Support Right now, Tesla’s hanging at the $241 mark, and this level is holding it steady. Think of it as the safety net. If we keep pushing up from here, we’ve got some exciting targets on the way. Targets if We Move Up First Target: $266 If we get some upward momentum and hold above $241, $266 is our next pitstop. This could be a nice level to watch for some gains. Second Target: $279 Breaking $266 with strength? Then we’re looking at $279 as the next destination. Big Target: $298 If the trend stays strong, $298 is the big target. But let’s keep it easy and focus on one level at a time! The Drop Zone: Below $241 Here’s the flip side. If Tesla loses $241 support, this level could actually help the price go lower instead of higher. That could mean a big drop, and the next stop down could be as low as $157. So, eyes on this level—$241 is the line between bulls and bears right now! Trading Tip This setup is all about those key levels. If we stay above $241, we’re in the clear for now. But if $241 breaks, be prepared for a potentially deep drop. Keep your levels marked, stay flexible, and enjoy the ride! Mindbloome Trading / Kris
NASDAQ:TSLA
by Mindbloome-Trading
6
Tesla on the Verge: Breakout to $275+Morning, trading family! Let’s dive into what I’m seeing with Tesla (TSLA) right now. We’re sitting in an interesting spot between 262-263, and the next move could set the tone for where we’re headed. Here are the scenarios I’m watching. Scenario 1: If Tesla can break above this 262-263 zone with some momentum, we could see a strong push toward 275. If buyers keep piling in, I’ll be watching 281, 287, and maybe even 304 as potential targets down the line. Scenario 2: But if things get shaky and we break down by 20 points or so, that would shift the narrative a bit. We’d probably need to re-test some lower levels before making another attempt at higher prices. Mindbloome Trading / Kris Trade What You See
NASDAQ:TSLALong
by Mindbloome-Trading
TESLA just made a crucial break-out that few are noticing.Tesla (TSLA) soared last week following the better than expected earnings, an event we covered extensively, and have practically erased all the negativity/ cautiousness that came following the Robotaxi event. However, the closing of last week found Tesla making a crucial bullish break-out that might have gone under most people's radar. The price not only broke the Lower Highs trend-line that started all the way from the November 2021 All Time High (ATH) but almost managed to close the 1W candle above it. Technically this is a major buy signal long-term that targets the final two Resistance Zones (1 and 2) of the Bear Cycle. With the 1W RSI effectively consolidating like February - May 2023, we believe that as last year, the price will now start the 2nd phase of the April 22 2024 Bullish Leg of a potential 2-year Channel Up. We expect Resistance Zone 1 to break and if upon a re-test it holds, our long-term Target of $380.00 should finally be materialized. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
1
TESLA Have today's upbeat earnings erased the Robotaxi disaster?Tesla (TSLA) reported yesterday third-quarter results that beat Wall Street estimates and said it expects to achieve "slight" growth in deliveries this year. This was enough to send the price in an after-market frenzy and so far in-session rising almost by +20%. In fact, Tesla's market cap has increased by $126B today, the largest single day jump ever! Those earnings may prove to be pivotal for the automaker as they come just a few days after the Robotaxi event, which the market considered disappointing. So can those earnings result be enough to reverse Tesla's fortunes, which has been massively underperforming relative to (particularly) the rest of the Magnificent 7? Well this can be answered through a technical perspective, with a chart that we published more than 2 months ago (August 15, see chart below): That was Tesla's Channel Up since the January 06 2023 market bottom on the 1W time-frame, where we caught a buy just after the August 2024 Low. We projected that to be halfway through the new long-term Bullish Leg of the Channel. The recent October correction can be viewed as the April 24 2023 2nd wave of the mid-term pull-back of the Bullish Leg. On the current analysis we view the same pattern but on the 1D time-frame, where the 1D MACD in particular excels at illustrating the identical nature of the two Bullish Legs price actions. Right now the MACD is forming the 2nd clean Bullish Cross under the Lower Highs belt, a formation which on May 04 2023 turned out to be the confirmation that started the 2nd phase of the Bullish Leg that completed a +195% rise from the January 2023 bottom. As a result, not only do we expect the stock to reach Resistance 1 (299.50), which is the July 19 2023 High before the year ends but also test Resistance 2 (385.00), which is the April 05 2022 High by January 2025. Our Target long-term remains a straight up $380.00 as we pointed out those months back. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
3
TESLA – Slippery Slope to 208 or a Drop All the Way to 191?Alright, traders, here’s the lowdown on Tesla (TSLA). Things are looking a bit dicey as the price slips through key zones. If the bulls don’t step in soon, we could see TSLA sliding down to the 208-207 range (black box). But if that level doesn't hold, we’re in for a deeper pull toward the 191-188 zone (orange box). Key Levels to Watch: Current Price: 218 First Support: 208-207 (black box) – Bulls need to show up here, or it’s more downside. Deeper Target: 191-188 (orange box) – If sellers keep control, this could be the next landing zone. The sellers seem to have the upper hand for now, but a bounce from 208 could shift things in the bulls' favor. Keep an eye on lower time frames to catch any early signs of a reversal. If this analysis helped you, drop your thoughts in the comments—do we hold 208, or are we heading for 191? Follow, share, and spread the word if you found this valuable. Stay tuned for more updates. Mindbloome Trader
NASDAQ:TSLAShort
by Mindbloome-Trading
2
TESLA Can it reverse the ROBOTAXI DISASTER?Tesla (TSLA) plummeted on opening today following yesterday's Robotaxi event, dropping as much as -10% intra day below its 1D MA50 (blue trend-line) and touching the 1D MA100 (green trend-line) for the first time since August 05. The market clearly considered the Robotaxi and the other aspects of the event a disaster fundamentally and the early impression is imprinted on this price collapse. The question on investors' minds is, can the company reverse the sentiment? Well, technically there is a big reason why the price has been pulling back since the September 30 High and that is simple. It has been rejected exactly on the Lower Highs trend-line that started on Tesla's All Time High (ATH) back on November 04 2021. As you can see, this powerful multi-year Resistance has already 5 rejections (red circles) under its belt. But on the bright side, the price has shown clear signs of reversing this long-term and the biggest is the Higher Lows since the January 06 2023 market bottom (the 2nd Higher Low on April 22 2024). On top of that we are seeing the potential for a Channel Up (blue) since the April 22 2024 bottom and is being supported by the 1D MA100. Below that, the last (symmetrical) Support Zone is offered by the 1D MA200 (orange trend-line) and the 195.00 level (so a zone roughly within 195.00 - 203.00). Below that, the recovery potential is endangered to a great extent. So to summarize, there are strong support levels that may cause yesterday's disastrous fundamental sentiment to reverse but most of all, Tesla needs to break above its ATH Lower Highs trend-line. If it does, the first target of the new Bullish Leg should be $380.00 (Higher High on the blue Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLA
by TradingShot
4
TESLA pulling back on Q3 deliveries. Is there a reason to panic?Tesla (TSLA) opened considerably lower today as they announced Q3 deliveries of 463000 units, below the heightened expectations of around 470,000 from the buy-side and just slightly above the consensus estimate of 462,000. Is this a typical market overreaction on data or the start of a stronger correction ahead of the Robotaxi event next week? Well from a technical standpoint, our thesis on Tesla is well known and hasn't changed since the August 15 update (see chart below), where we called for a $380 target within the long-term Channel Up: Even on the more short-term 1D time-frame, we can see that the stock is respecting a Channel Up pattern that started on the August 05 bottom and for the past 30 days has been supported by the 4H MA50 (blue trend-line). The last correction like the one we're having this week, was from August 20 to 28, which then rallied by +30.50%. As a result, the minimum Target now for November is $310. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
TESLA broke above the 2-month Resistance and is aiming for $300Last month (August 15, see chart below) we gave a pull-back buy signal on Tesla (TSLA) and the price action swiftly responded with a August 28 Low and then rebound: The rebound was on the 1D MA200 (orange trend-line) and today we see a strong bullish break-out above the 1D MA50 (blue trend-line). This alone is enough to confirm the start of the next phase of the Bullish Leg, since the long-term pattern is a Channel Up, as closing above 228.00 will constitute a Higher High. Technically the structure is similar to the previous mid-Bullish Leg consolidation (April 30 - June 24), even the 1D MACD sequences between the two fractals are similar. In that sense we can't rule out some more ranged trading for September but on the long-term our Target remains unchanged. We expect the $300 level to break before November. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
TESLA starting an aggressive bullish reversal to $380.Since July and the bullish break-out above the ATH Lower Highs trend-line, Tesla (TSLA) confirmed the transition to a new long-term bullish pattern. For the time being, that is a Channel Up. The recent pull-back is part of the wider market correction of the past 3 weeks but last week's green 1W candle, is evidence that the price has found a bottom. In fact this is a Higher Low on the new Bullish Leg similar to the previous one on the week of April 24 2023. That was the first Bullish Leg since the 2022 Inflation Crisis bottom and the symmetry is evident even on the 1W MACD, which is showing a squeeze, similar to April - May 2023. As long as this doesn't cross, we expect the market to stabilize in August and start rallying aggressively as early as September. An earlier break above the 1W MA200 (orange trend-line) again, would confirm that, as it is acting as a long-term Pivot. Since the previous Bullish Leg peaked at +194.87%, we see no reason to expect otherwise, thus keeping our long-term Target on Tesla at $380.00, which would not only be a +194.87% rise but also reach just below the April 05 2022 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
6
TESLA Huge gap down after Earnings! Buy opportunity in disguise?Tesla (TSLA) was down more than -8.00% in pre-market trading after reporting its lowest profit margin in over five years and missing second-quarter earnings expectations. This was largely due to cut prices to revive demand and increased spending on AI projects. This however can technically be a buy opportunity in disguise as following the ATH Lower Highs trend-line of November 2021 break-out, a new bullish potential emerged and the pattern may very well be a Channel Up as so far the rally since the April 22 Low resembles the 7-month Bullish Leg following the January 06 2023 bottom. The Target can be within the Resistance 2 level and a potential +194.87% rise (previous Bullish Leg) range. We update our long-term Target to $380.00, slightly below Resistance 2. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLA
by TradingShot
TESLA Massive pump to $360 coming based on historical behaviour.Tesla (TSLA) is recovering today after a sharp pull-back yesterday of around -14%. This marks the stock's first serious correction since the rally started in late June. Ahead of an emerging Golden Cross on the 1D time-frame, we looked at Tesla's similar historical patterns since the IPO that offer remarkable insight. First and foremost, Tesla's recent pattern has been an Inverse Head and Shoulders (IH&S), which as we've noted on a previous analysis, was its bottom reversal formation that made the price break above the 3-year Lower Highs Resistance trend-line. Similar IH&S patterns were formed in 2019/20, 2016/17 and 2012/13. So we can claim that there might be a roughly 4-year Cyclical Behavioural Pattern behind Tesla's growth. The word 'growth' is key here as after every such pattern and more importantly a correction of around -15% after breaking above the IH&S, the stock price rallied parabolically into new expansion levels. As you can see on the 2019/20 pattern the correction was around -10%, on the 2016/17 around -15% and on the 2012/13 around -15% as well. Yesterday's -14% correction along with today's sharp recovery to the 0.5 Fib (losses cut by 50%), seems to fulfil this growth pattern. As far as a Target is concerned, on all previous cases, the price reached (and even surpasses significantly) at least the 1.5 Fibonacci extension measuring from the pattern's bottom (Head of the IH&S). In 2019/20 it took the price around 1.5 month to approach the 1.5 Fib while in 2012/13 it took roughly 2 months. As a result, our new medium-term Target on Tesla is $360.00 (marginally below the 1.5 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
TESLA Buy the dip, correction nearly over. $285 next short-term.Tesla (TSLA) is bleeding hard today but that shouldn't if you got on that rally early like our June 13 (see chart below) buy signal suggested while the price was still trading in the low 180s: Our long-term Target remains $400.00 and today's sharp correction is nothing but a strong technical buy opportunity. In fact, this pull-back is not stranger to Tesla. The stock has seen a similar rejection near the 2.0 Fibonacci extension during its May - July 2023 rally on the June 21 2023 High. As you can see, the price declined by -13.00% back to the 1.382 Fibonacci level. At the time of the (temporary High), the 1D RSI was at 89.00, roughly where it got rejected today. The price recovered when the RSI was at 57.00. As a result, from a R/R perspective, it is worth taking another buy on the current market price and target the 2.236 Fib extension (similar to the JUly 19 2023 High) at $285.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
2
TESLA It has begun...Tesla (TSLA) is on almost a +5.00% rise today an aggressive reaction to the market news and technically extending an Inverse Head and Shoulders (IH&S) pattern as we mentioned on our previous analysis (see chart below): It is a good time to shift to the longer term time-frame of 1W, where this IH&S pattern is a bottom formation that Tesla has registered before all of its major long-term rallies. The one that looks from cyclical start to finish with today's pattern is the period of 2014 - 2016. Once the price broke above the 1W MA50 (blue trend-line) on that pattern, Tesla started a rally that peaked on the 1.382 Fibonacci extension level. Observe similar the 1W RSI patterns are as well between the two Cycles. If the stock repeats that Fibonacci target, we can get a price as high as $700.00. That is of course a very optimistic scenario but even the more pessimistic one, has a (dotted) Channel Up targeting its top on the 3.5 Time Fib at around $400, which is almost the All Time High (ATH) for Tesla. As a result, we see $400 as a real posibility for the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
2
TESLA Huge Inverse Head & Shoulders ahead of Musk's $56B vote!Tesla (TSLA) broke today above its 1D MA100 (green trend-line) for the first time in more than 5 months (since January 04) and ahead of Musk's $56 billion today, seems to be completing an Inverse Head and Shoulders (IH&S) pattern. Technically this is a pattern seen in major market bottom's. This time it is being formed within the broader pattern of the Bearish Megaphone. A standard 2.0 Fibonacci extension Target would test the top (Lower Highs trend-line) of that Megaphone, considerably above the 1D MA200 (orange trend-line). As a result, our medium-term Target is $225.00, marginally below the 2.0 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
TESLA Has Elon made his miracle again? 4 month Resistance brokenNews quickly broke out that Tesla (TSLA) has received tentative approval from Beijing to launch its driver assistance software in China. This development occurred during a surprise visit by CEO Elon Musk to Tesla's largest market outside the US. Chinese authorities have agreed to allow Tesla to introduce its Full Self Driving (FSD) solution, leveraging mapping and navigation technology from Baidu (BIDU), the Chinese tech giant. This has so far pushed Tesla's shares more than +7.00% premarket. Just 2 weeks ago (April 15, see chart below), while TSLA's price was at $166, we made a case why a potential 1D MA50 (blue trend-line) bullish break-out after laying off more than 10% of its staff, could be its 'META moment', just like the social media giant did in November 2022 and bottomed: Of course each case has its differences but as we can see, Tesla did make a similar bottom on April 22 and will most likely open above the 1D MA50 today for the first time in almost 4 months (since January 08 2024)! That is a major bullish break-out for at least the medium-term as each time the stock did that in 2023, it didn't stop there and rather went for a Lower High on the dotted trend-line. Technically it should make contact with as least the 1D MA200 (orange trend-line), in order to allow the market given the fundamentals at the time to decide upon the longer term trend. As you can see, there is a huge Bullish Divergence on the 1D RSI, which has been trading within a Channel Up against the price's Channel Down since late January. As a result we set a minimum $210.00 Target on a 6-week horizon and then we will re-evaluate the longer term on the 1W time-frame. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
2
TESLA lays off more than 10% staff. Is this its 'META moment'?It was reported this morning that Tesla (TSLA) "will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles". The market has so far reacted with strong selling of more than -3% in early trading. But is this really bad news? Not so long ago (November 09 2022), another high tech giant that was heavily decimated at the time, Meta Platforms (META), announced lay offs of around 13% of the company (more than 11000 employees). This was just 5 days after the November 04 2022 market bottom. The result (chart on the right) was an aggressive recovery above the 1D MA50 (blue trend-line), which turned into a Support for 240 days straight. Of course the fundamental difference is that the 2022 Low for Meta was the Bear Cycle bottom of the Inflation Crisis while Tesla's Channel Down has been the picture of its underperformance for almost a year relative to the rest of the market (and the Magnificent 7 in particular). However it shouldn't be overlooked that such cost driven news are fundamentals capable of turning the profitability of a company around and Meta's case is such a representative example. Meta was massively oversold in November 2022 (-75% from ATH) and similarly Tesla is massively oversold now (-60% from ATH). Meta managed to completely recover and smash through to new All Time Highs (+38% from previous ATH). In November 2022 it was all doom and gloom for the social media giant and it is worth searching for news headlines at the time to see the similarities with Tesla's situation today. Time will tell of course, but we wanted to bring this comparison to you and help you draw your own conclusions. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLA
by TradingShot
7
TESLA Is this a W-shaped recovery?Tesla (TSLA) held Support 1 (160.50) last Friday, in fact it touched it and rebounded immediately making a technical Double Bottom formation. Yesterday it broke and closed above the 4H MA50 (blue trend-line) for the first time since March 04, providing s serious bullish continuation signal. The most important development however, is that this Double Bottom has strong probabilities of giving a W-shaped recovery pattern. A break above the 1D MA50 (red trend-line) will technically confirm that, as it will be the first time above it in 3 months (since January 09). We can already see the 4H RSI on Higher Lows, i.e. a Bullish Divergence, which favors these probabilities. Our short-term Target is 205.00 (marginally below Resistance 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
6
TESLA Can it break the 1D MA50 and sustain an uptrend?Tesla has been trading within a Bearish Megaphone pattern since the July 19 2023 High. The recent Low (March 14 2024) came very close to the 152.50 Support, which is the April 27 2023 Low. This shows just how strong the current bearish structure is. Medium-term traders/ investors can expect a sustainable uptrend only when the 1D MA50 (blue trend-line) breaks, which has been the Resistance all this time since January 09 2024 (almost 3 months). If it does break above it, we expect a +41.50% rise from the bottom (+5% more than the previous Bullish Leg), targeting $225.00. That is considered conservative based on the margins of the Bearish Megaphone as the previous two Lower Highs were priced on the 0.786 Fibonacci retracement level. The fact that the 1D MACD has already formed a Bullish Cross below the 0.00 level, favors statistically the upside case, as in the past 12 months such a signal failed to break above the 1D MA50 only once out of 4 times in total. Until it does break it though, the trend remains bearish short-term towards Support 1 (152.50). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLA
by TradingShot