Tesla: Short term bounce? Tesla
Short Term - We look to Buy at 701.22 (stop at 660.02)
We look to buy dips. We have a 78.6% Fibonacci pullback level of 539.49 from 1243.49 to 690.15. A higher correction is expected. Expect trading to remain mixed and volatile. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 809.77 and 910.20
Resistance: 900.00 / 1000.00 / 1240.00
Support: 700.00 / 600.00 / 540.00
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Tslaanalysis
@SupportTesla currently at support holding above 980
If able to hold above support at 980 next target for Tesla 1040
If price breaks below support at 980 next target to the downside at 951.65 and 886
Currently holding above Support yet showing signs of buyer weakness expected to break to the downside keep your eyes on this level.
US STOCKS should fall especially tech stocksUs markets
I am a 14-year-old demo trader in England don’t take this as finical advise I am still doing my gcses get a guru or professional to tell you what to.
Market preview
Going into this trading week stocks should continue to fall during this bear market and talks of a recession increase as the possibility of the fed being able to perform a soft landing because of their aggressive strategy to combat inflation. The phrase ‘melt up’ was used by CNN to show that stocks may soar before the inventible crash. This could occur because of investors believe that the strong us economy will prevail causing stocks to soar in price creating FOMO and a trend reversal is occurring. But because of basic market fundamentals such as high inflation a slowing economy and high energy costs caused by the Ukrainian Russian war will continue to fuel this bear market. Another reason why this bear market is here to stay is because of an inverted yield curve which Is where short term debt pays out more than long term suggests a bear market is here to stay even though it is an argued point that an inverted yield curve means a recession it does still resemble tough time for markets. Over the next two years, stocks have a high chance of having a melt-up. But Goldman Sachs still believes there is a 35 % chance of a recession.
Stocks and predictions what I think (DYR)
• NVDA (short)
• TWTR(long)
• AAPL(short)
• AMD(short)
• TSLA(neutral)
Us tech stocks have suffered recently with the Nasdaq dropping 4.19% in the last month with stocks such as NVDA dropping 23.87% in the last month and AAPL dropping 4.95% in the last month suggesting a strong bear market for tech stocks which shows us high growth stocks such as NVDA have been deeply affected because of rising interest rates and investor not willing to risk large amounts during this current market turbulence. Going into this week stocks should continue to drop especially high-growth stocks. The semiconductor producer NVDA will be very interesting to see because it is a high growth stock hitting its all-time highest at 329.85 in November 2021. NVDA gained over 121.1% in 2020 when gaming interest spiked during lockdown which is NVDAs main source of revenue. This tells us that even during bear markets the stock can be resilient so it must bear for another reason that it has lost over 33.85% this YTD. there are many reasons of why the stock could have fallen from monetary policy tightening, the fed aggressive strategy to target inflation, and fears of recession. But I believe it is because of soaring energy prices which I mentioned in my last idea. Energy costs can account for 20% to 30% of semiconductor producer’s energy costs. Energy prices have risen more than 250% since January, according to industry group Oil & Gas UK affecting NVDA’s earnings deeply.
TSLA currently is in a very weird position its earnings where though the roof with a 87% rise in revenues which blew the stock up to around the 1070-1080 levels which was last trader around early April. that shows us that the stock has respected the current bear market decreasing 4.9% YTD but has risen 6.48% in the last 3 months so it is a very volatile stock that will be perfect for traders with larger accounts to trade. But I would never open a short on TSLA always seems too dangerous for me its such a good stock any with Elon Musk being able to control the stock just by making tweet always seems bad to me. TSLA does seem to be in a down trend trading below the 200 MA and 50 MA.
Between a rock and a hard place, Elon Musk is trying to perform an LBO on TWTR as the management crew has deployed a poison pill to try to combat the unwanted takeover it could mean if Elon's takeover is rejected it could lead for him to sell his 9% stake in the company causing the stock price to fall. this uncertainty for TWTR could lead other investors into selling the stock. TWTRs competition with TikTok gaining in popularity and with cheaper ad prices with better exposure could mean less demand for TWTR ads which is their main source of revenue which could affect their earnings which is in 4 days’ time. even though the stock does have strong price momentum the company’s fundamental aspects aren’t as strong as its competitors. TWTR has a bullish chart pattern and other technical aspects which should lead to a increase in price .Even though the stock has had a recent rally it should still respect the current bear market in the longer term. over the next 5 trading days, I believe TWTR will rise but still fluctuate between the 55-45 price range even though fundamental aspects disagree. To conclude twitter is a very uncertain stock it all depends on if Elon’s takeover is successful. Elon himself said he’s “not sure” if the bid will be taken by the board. But he apparently has a plan b. if worst comes to worst and he sells his 9.2% stake in TWTR the stock will crumble. But he does seem passionate about making Twitter a private company.
AAPL should continue to fall as on Wednesday the death cross occurred where the 50-day moving average crosses the 200-day moving average as well as the fears of a recession coming which will cut consumer spending which will cause cuts in AAPLs revenues. Which will dampen AAPLs earnings which is in 4 days which is expected to be worse than last quarter which will cause investors to sell decreasing the share price. Technical aspects are giving strong sell signals. MAs are giving off strong sell signals as well as the MACD giving sell signals
To conclude US stocks will continue to fall as fears of a recession is coming with the fed trying to perform a soft landing that has never been done before. An inverted yield curve and rising interest rates and US ten-year bond yields rising all fuel this current bear market where stocks are suffering. Over the next 5 trading days, stocks will continue to fall with a chance of a rally being possible because of people ‘buying the dip’. This is not financial advice don’t be dumb.
TSLA Bill Gates $500Mil short position in TeslaDespite having a great quarter: EPS: $3.22 vs $2.26 expected
Revenue: $18.76 billion vs $17.80 billion expected, Bill Gates is still holding his 500Mil short position in TSLA.
There is a conversation circulating on twitter in which Musk asked Gates: “Do you still have a half billion dollar short position against Tesla?”
and Gates replied: “Sorry to say I haven’t closed it out. I would like to discuss philanthropy possibilities.”
Maybe this strong growth and 1.4Mil cars expected in 2022 are already priced into the market cap and a correction is possible on such a high (still) P/E ratio for the auto industry!
ARK also sold an important stake in TSLA this week.
Key supports are $906 and $765.
Looking forward to read your opinion about it.
Tesla earnings breakout attempt Based in the earnings conference call and information shared by elon, tesla price may have enough momentum to attempt another 52wk high. There are two ttm squeezes that are squeezing on the daily and weekly. Moreover there is a perfect, maybe too perfect elliott wave daily and weekly count. The structure fits very well and in agreement with another game squeeze setup. Tesla daily price sits on the 6 day ma and not under it so price may be initiating its trend today. Although telsa pulled back after 10% off of earnings, the price still closed above the 6 day ma which defines the start of new leg up. Currently I have opened June month 1675c @2.25 and looking to open another set on Friday April 22. This next gamma squeeze will be epic. Tgt in next two weeks 1269 and then 1600 into June or July. I hope this helps.
TSLA $620-$465 over the next few months?On the weekly timeframe, $TSLA just formed another lower high, now rejecting that upper trendline 3 times, which would setup the possibility for a much larger fall from here (unless price can get back above it--which doesn't look likely here).
I can see TSLA breaking it's prior low from February and breaking the $620 support being it's already been tested multiple times on the way up. What hasn't been retested yet is the support at $465, therefore, that's the most logical place for price to find support from here.
Let's see how it plays out over the next few months.
Descending Wedge Possible ReboundDue to the strength of support formed in 1022. IF we are able to maintain above 1022 There is a possible upside move coming up
TSLA is creating a descending wedge. If this is validated, then.
Expect a gap fill @1049-1056. this move could break downtrend resistance and attempt second gapfill @1080-1088 with a posible target @XYZh111557246151
If Support @1022 is broken, then
Target to the downside will be 1009
MIDIUM TERM TEASLA DIRECTIONAL BIAS BULLISHHEY GUYS
this is an update of the idea posted in 30 march in which I've successfully predicted last move this is the place I've been waiting for the market to come
and now I'm bullish
this is my general outlook on the market i am currently bullish on the stocks market and looking to buy the dips as far as i can see a retracement is due in both indexes and some profit taking so that happens this is my plan of attack keep in mind that this is an idea a plan in a uncertain chaotic environment out of multiple plans to be cirtainedif anything happens that changes the fundamentals of this idea, i will update.
please note that this is not financial advice. do your own research and use this information as conformational bias on top of your own analysis.
like for support!!!!
TSLA at Critical Level - Could Go Either WayTSLA is at a critical point with the volume shelf and other factors that could mean either direction.
Bull Case:
Retesting Breakout Level
Falling Wedge on Daily/65m
Bullish Divergence on 65m
Some Bollinger Band squeezing on 65m
Bear Case:
Net Premium flow favors puts heavily
Bearish Engulfing Candle on Weekly
MACD crossing down on Daily
Hidden Bearish Divergence on Daily that may not have completely played out
May be slightly below volume shelf - next shelf at $912
Diminishing Volume on Daily
So:
If Bulls Win... (price breaks $1,037)
PT1 - $1,045
PT2 - $1,065
PT3 - $1,087
If Bears Win... (price breaks $1,021)
PT1 - $1,011
PT2 - $1,000
PT3 - $1,090
TSLA Bull-run continuation we have one Resistant lift at 1200$, which will be another breakout, and seeing all time high for tsla, but we expect a bit of fighting back from the short around this area , but we need to hold our first support to confirm the strength of our trend , other wise we will go back to the second support .
holding above the 1200$ will confirm the bull-run contention for tsla .
TSLA bullish ahead of stock split Tesla is asking its shareholders to split its stock for the second time in two years.
The split would come in the form of a dividend, paying shareholders additional shares.
It might reach all time high in my opinion if they don`t mess up with the deliveries, so there is still a 9.30%.
Looking forward to read your opinion about it.
$TSLA setting up for possible new ATH $TSLA new bullish count, still looking for a rejection around the 0.702 fib area $1075-1120 where a pullback is likely, however instead of a new low into the $600 area, looking for Tesla to hold above $900 now where it can then make a move to $1240 next and possible new ATH.
TSLA Bull or Bear Range Breakout?Hi there,
As per usual I will mention in the beginning of my posts that I am a day trader and look to take advantage of minor movements in the markets. However I do analyze larger timeframes and will post things that catch my attention and possibly yours.
First thing to note is that every $2.00 movement is a key level I look at that being said these are my thoughts of potential price movement for TSLA:
Hourly --> On March 16th the vwap crossed above the 20ema signalling a bullish movement for TSLA which continued until March 23rd
--> From March 23rd - 25th TSLAs price has been stuck in a consolidation boxed range as shown with the purple box drawn above on my chart. $985.00 would be the bottom of the range and $1,027.00 would be the top of the range
--> You can see with my awesome oscillator indicator that bullish momentum is weakening however the stochastic rsi indicator has been sustaining oversold levels for days now meaning we could easily see a continuation of a short term bull trend making higher highs passed $1,040.00
Happy Saturday everyone!
$TSLATesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was incorporated in 2003 and is headquartered in Austin, Texas.
$TSLA relief rally in progress $TSLA has completed a clear 5 wave structure down, its currently in a ABC bounce up with a C leg down still to come. If the 0.702 fib level at $1080 level is not taken out, this recent bounce was only a relief and the stock can test and break the recent low of $700, likely taking $TSLA to sub $600 next.