TSLA Long550.00 Projection was achieved from the last call on this stock. We have now breached the last lower high point with a change in the trend we could see further bullish momentum to projections of 650.00. and another TP of 700.00 area. I'm currently in longs unless the markets specify otherwise.
Tslaanalysis
TSLA WILL FLY!! FIB Retracement Trader First Publishing!THIS IS NOT FINANCIAL ADIVCE! I AM NOT A FINANCIAL ADVISOR! PLEASE, TAKE THIS WITH A GRAIN OF SALT!
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MY WORDS ON TSLA:
As we can see! Entries looking good on 100% zone at 562-564. I have been making a lot of money on contracts. Right now is a good time to buy a few month's contracts around September because TSLA vehicles are about to be released!!
I mainly trade options because I am an aggressive mad man. Easy entry zone. Today was a green day 5/24/2021 I will be looking for another entry soon!
TSLA SELL SHORT transitions to LONG When and Target ExpectationsTSLA has been trading around the 200 day moving average for the past week. A break below the 200 day moving average will target only the gaps under 600. The next moving average after 200 day ma to consider for a possible institutional buy level is unknown and usually not common to consider especially if a company had a strong earnings quarter. More than 60% of the time during the first 3 months of the year, TSLA has moved with relative strength and momentum between Friday and Tuesday. The assumption is still valid and the price of TSLA may target the two cash session gaps at 627 and 665. Most likely the 627 has the greatest odd of touching before Wednesday. The subsequent gap at 665 may fill this week; however, if TSLA only fills the 627 , then we can expect the next gap to fill sometime last week or first week of June.
For the past few weeks, TOSOPTION algorithm for the daily is currently in SELL SHORT and expect the next long trigger to produce or introduce a short squeeze within 1 to 2 weeks anytime between Monday or Tuesday.
TSLA looking for another wave up or DOOM?To all the concerned traders either in TSLA or looking at TSLA..
Right now if we look at the weekly perspective we can see that TSLA is in the bottom of its uptrend channel. Furthermore it is CLEAR that TSLA is also near a strong support level which we bounced off in March aswell. However we can see a resistance building up above over the past few weeks and also pretty strong seeling pressure.
Now to be clear, i am not throwing in any fundamentals into this or relating any other market activity and simply am projecting the current situation based on the TSLA chart.
But the smart traders out here know that there is more than just meets the eye here.. Over and over papers have been published proving that the EMT (efficiënt market theory) is not necesseraly true. With this being said if we see a sell off for some reason below this support that is being formed, it is highly likely that the market will react hugely to all the developing situations and will push this down extremely (most likely when the rest of the market will not see its better days due to high correlation in times of crisis).
With all this being said. I am not an investor in TSLA right now, and will be only looking at lower time frames for entry possibilities (to trade NOT invest) when i see a break above or below support/resistance with this chart being the backbone to the current structure.
I wish you all goodluck and appreciate your like and comment to let me know what you think! :)
Leez: mister Send a Dollar Please
TESLA TO FALL TO 400 very soon. Technical Analysis on WHY TESLA will continue falling to the market price of 400 before rising again.
Rationale for the Drop
1. Fibonacci expansion levels have reached and surpassed exhaustion levels at 4.236 for quite some time.
2. Double Top created
3. Pennant/rising wedge with a flagpole is forming
4. Monthly Chart RSI indicates that this stock has been OVERBOUGHT to the MAX!
Rationale for the Rise at 400.00
1. When doing a new Fibonacci Retracement downwards from the market price of 893.00 to 540.00 the retracement level of the Fibonacci Golden Zone of 0.618 is sitting at structure level at the market price of 760.00
2. When you follow up with applying the Fibonacci Expansion from the market price of 893.00 to 540.00 you safe Fibbonacci Take Profit Level for a SELL/SHORT Position is sitting on 400.00 which is also on Fibonacci Expansion Level of 1.
3. When you do a new Fibonacci retracement from the market price of 40.00 to 893.00 Golden Zone Fibonacci Level of 0.618 is also sitting on 400.00
To conclude, I would prepare to sell my existing Tesla stock when the market price reaches 760.00 and look for buy positions when market reaches 400.00.
TSLA ROCKET OR #2 YAHOO?TSLA is the most discussed Stock of the year. Its valuation is out of every measure there is. Its overvalued.
And yes people are very protective of this, especially with Tesla.
But its the truth.
I don't think it will crash, but in the future, not specifically at S&P 500 index inclusion, the money will shift.
So far TSLA doesn't have any proper competitors that currently would be equal or better than TSLA. But when it happens, people will shift the money to other stocks. Because in my mind TSLA valuation is not Tesla's, but the EV's + Solar + Battery + Insurance + Self Driving valuation in total that is just currently alocated to the best spot there is: TSLA. That money will belong to some competitors in the future.
Not saying China will crush USA, although I can't deny its growing power. The agreements and steps the new president will make will impact the whole decade.
A 20% China Securities / 60% US Securities / 20% Crypto is one of my favorite portfolio allocations for a larger portfolio.
Exit the uptrendDescription
It has been on an uptrend for about 14 months. In fact, after March 2020, when prices moved away from their real value, most markets started an uptrend, but apparently this uptrend has continued so long that it is no longer organic.
The uptrend line that has been around for a long time is broken and there is a support that will probably prevent a re-fall for a while, and a downtrend line is observed that is relatively strong.
But what is the current trend ??
When we get out of the uptrend, we either have to wait for a downtrend or the market will suffer for a while. Side resistance and if the downtrend line overcomes support We should expect a downward channel.
TSLA - Elliott Wave Analysis - CorrectionHi All,
I'm a long term Tesla Bull, but bearish short term, the price action suggest short term bearish price action.
Reasons
- No Catalyst until July Delivery Numbers
- No S/X Deliveries yet
- Nasdaq still in correction mode and has a room to come down, pressure on tech/growth stocks.
- Elon's tweets about FSD subscription(impacts financials) and FSD V9 release dates(impacts no financials on short term, helps perception which is good) are still in the air with no factual date of release.
- Elon's sudden move on BTC adoption, then again sudden reaction on it's rejection, creates only confusion and markets don't like it, but this will have only short term ~1 day impact on trading.
PS: This is just my opinion based on price action and macro level economics. Please be careful picking your trades.
What kind of market correction could we expect?In this comparison between the #NASDAQ $NAS100 and $TSLA we could see some Bearish Momentum in the months ahead.
Look for Signs of Distribution
P.S. Let me know what markets you like to look at!
TESLA IdeaG'day Guys
Today we start our analysis on Tesla.
Overall, Tesla break Uptrend rally and possible changing directions. In Daily time-frame perspective, previous rally was broken and now price was retest the Demand Zone.
What we can expect today is, price bouncing up to create solid break out. If this happen, high possibility Tesla Heading on deep downtrend.
For now, Am expecting price retest previous breakout area.
Let's see what happen next. Cheers
TSLA S3XY WEEKLY SETUP Last Trigger was a WINNERTSLA on the daily time frame is still consolidating and most likely building a base to move higher or lower. In the past, S3XY algorithm, which is a back-tested algorithm using 11 years of data, has produced some amazing results and gains, especially when two major time-frames are consolidating and trading within a price range +/-20. At the time of this writing, May 4, 2021, the S3XY algorithm is currently signaling SELL SHORT position, which as provided some profitable trades for time-frames lower than 30 mins. However, on the weekly time-frame, the S3XY algorithm is still neutral and both the daily and weekly are scanning or squeezing. The last time TSLA daily and weekly charts displayed a scanning/ squeezing position, TSLA moved from $167 to $896. We expect this to repeat again with Fibonacci projection targets near the psych level $1000 and above. This would require a firm breakout above 877. Our plan is to wait for the daily to at least trigger a BUY and then begin entering long term positions in the Sept and October expiration dates- monthlies in particular. For additional confirmation, it would require the Weekly signal to also trigger a BUY. If these two time-frames end up triggering BUY levels concurrently, then there is a high likelihood that the price action in 2020 will repeat itself and propel the TSLA share price well above $1019 and possibly toward $1724. At this moment, we will assume short term target is $1019 and any additional news that may drive the share price higher will encourage prices to move to the next fib targets as shown in the chart.
Enjoy
TSLA at pivot point for move upTSLA has the ability to test up to $718-$720 within the next week.
If it can hold demand above the $701-$704 range after a test of those levels, the next price targets in the above range start at $729.40 with a high range of $749.30
Topside supply of this move comes in the ranges between $760 and $780.
A break of this upper supply range gives TSLA the ability to retest the red-trendline gap resistance. The price target for this move would depend on when TSLA is able to find a lack of supply below $780.
The drawn arrowed lines indicate an important trend progression for TSLA in deciding whether it will be able to test the above range.
A break below the drawn tan downtrend line will likely see TSLA retest the lower light-blue trendline support.
$TSLA - charting stonks stinks, make it 24/7A good place to bid some TSLA may well be this ascending trendline that has confluence with the golden pocket of previous up leg
Could treat it as a swing with stops below 619 and TP's around 815
Might make this trade on a crypto exchange to try the tokenised stonks out
I hate charting the gaps. Bankers need to control the open and close so they can manipulate when they are awake!