Tslaanalysis
TSLAI think Tesla, Inc. (NASDAQ:TSLA) will have a relief rally next week after its dramatic fall since the January peak of $900. The RSI history of this stock speaks louder. Notice that every time the daily RSI drops below the 30% level, the stock makes a dramatic rise in the weeks after. The performance history of a stock is always an important parameter in my technical analysis. Nowadays, a lot of traders sell any stock when the daily RSI touches 70 and buy when it falls to 30, however, you must analyze the RSI history before making any trade. History does tend to repeat itself and the majority of the stocks have more than one life in them. Another interesting factor on this long-term chart is that the uptrend of the accumulation line remains practically intact after this big drop, which means the stock is still on the positive swing. These are few reasons why I think now is the time to take a long position at this one, before the stock changes its trend and heads back higher. The bottom looks to be in and the risk of more bloodshed is a lot lower than it was weeks days ago. Lets see if I am right.
TSLA longConfluences:
-Tesla broke out of the bearish down trend
-Yesterday Tesla gapped up, and closed the gap, retesting the broken (previous resistance) support zone at 668.
Therefore it is experiencing very healthy price action
-Also lower than inflation numbers report yesterday and the stimulus check will give a good support for TSLA
-Tesla is an amazing long-term technology play, especially with FSD coming at the end of 2021 and of course, the massive growth of energy and automotive side.
-Short term we may experience draw down but long-term these prices will be very good.
Side note:
-I scaled in again bringing my average up to 540
Is TSLA going to 500 -> 360?As NASDAQ:TSLA rocket ship (SpaceX) has took parabolic turn. Seems it can go to 500ish first stop or second support could be 360ish. Let's see which wall bulls can be a defend.
Note: Pls ignore the September area analysis which was done in a bull run.
Disclaimer: I"m NOT a financial advisor. All trade ideas are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
TSLA consolidation after S3XY algorithm SELL short positionOn Feb 10, 2021, the s3xy algorithm initiated it's first SELL SHORT position in TESLA. Since it's alert, TESLA has dropped more than 35%. What Next? We believe TESLA will under go consolidation around the 640 to 550 range and then begin to sell off down to 400 by mid June or July. This assumption is based on the daily s3xy continues to remain in SELL SHORT position. Price estimation and target can change if TESLA can trade above 640 for 14 days. If this happens then I would look for a ttm squeeze daily to setup and anticipate an Earnings run up to 900 or 1000. This condition would likely play out as long and increase in probability if the daily ttm squeeze develops prior to earnings AND price trades at least 7 days consecutively above the 6 day ma.
$TSLA If we take Sept 8th as our lows and Jan 25th as our highs, we can see a decent bullish candle on the daily Friday 5th. Supply met demand that day and we might see a new trend from now on. We either continue down to meet that .23 retrace level on we bounce upwards from here. Notice the volume last Friday as well, that should be a bullish indicator if these levels hold.
Tesla $TSLA #TSLA - Be patient for Re-Entry!#USstock #TESLA #TSLA
Using ATR on Daily Chart:
Be Patient & Wait for to Re-Enter.
Wait for LMACD to curl up. Price also needs to hold above 100EMA & 0.5 Fibo, or expect more downside.
This is #PersonalOpinion. Pls #DYOR.
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#PeterSinGuili
#TechnicalAnalysis
#SwingTrade
Tesla (Has the Golden Boy lost its shine?)View On Tesla (24 Feb 2021)
Tesla is in the free fall and it has hit strong support. (the lower band of strong UPtrend)
We can expect a bounce from here (aka late to short). It can travel back up to 750~780 region.
Let's see..
DYODD, all the best and read the disclaimer too.
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TSLA DAILY DOUBLE BOTTOM$TSLA formed a double bottom on the daily chart
It's not a perfect double bottom of course. We will be seeing pullbacks at previous resistance levels (red horizontal lines) after we break above them.
If you agree/disagree with my ideas please comment below as to why.
Thank you!
TSLA - Fibonacci Support and Double Bottom = Higher Prices?TSLA Daily
Nice recovery on TSLA after breaking 800 forming a Hammer candle.
Price came right into Fib Cluster at 776-784 made up of 1.618% ext. 50% retracement and 100% symmetry projection.
Also nice double bottom from Jan 29 low.
Can we move up from here, Upside is pretty healthy.
Only issue is Daily Squeeze momentum is still to the downside.
TSLA - 1HR
Price Stopped at 1.618% Ext. and 100% Symmetry at 784.24 to 785.21.
Moves terminate at extensions.
1HR SQZ forming and momentum looking to move to upside.
Fib Resistance Levels that TSLA needs to break through to continue movement to the upside.
Tesla has disclosed in a recent SEC filing that it bought BTCTesla has disclosed in a recent SEC filing that it has bought $1.5 billion worth of bitcoin.
"In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity," reads the filing. "Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term."
In addition to the bitcoin purchase, Tesla expects to begin accepting bitcoin as a form of payment for its products "in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt."
Bitcoin's price has been soaring on the back of this news. It is currently trading around 12% up at about $43,500.
$TSLA - now is the perfect time for a low-risk/high-reward entryIf you 're not already in a TSLA position and have been waiting to enter, it is now in a perfect setup for a low-risk/high-reward entry. #TSLA has retraced after its binary event (earnings), as it typically does. Novice traders still think they can buy a stock on a known event and make easy money doing so. What they don't know is that most dip-buyers are looking to sell into these rallies.
TSLA has now retraced to the .786 Fib level, the 10 weekly EMA, is showing hidden bullish divergence, oversold Stoch RSI, and has formed a bullish pennant. What makes this low risk is the fact that your stop limit can be close to your entry, since it's practically sitting at the 10 weekly EMA.
Entry - $410 - $420
TP - $500
SL - $380
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We are LONG on TSLA. PT: 1200We are hyper bullish on TSLA for the rest of the year.
Some pointers:
After failing to meet EPS numbers, we remain confident that TSLAs growth has only begun.
Listening in on their earnings call, we are happy to hear that their growth will materially grow by more than 50% for many years to come.
With PiperSandler coming out with a $1200 PT yesterday and ARK Invests Cathie Wood saying they will come out with an updated analysis on tesla next month, we see this as very good news for TSLAs price action in the coming months.
With Elon stating that FSD and their auto business being worth $1T in market cap alone, that in and of itself is great for TSLA.
Their energy storage deployed doubled from Q3 to Q4.
TSLA is building 2 gigafactories (Berlin and Texas) and is outgrowing all of its competitors in every space.
Bidens EV plan will incentivize people to switch to EVs. It's only a matter of time.
Charting Patterns
Historically, TSLA has traded in many wedge patterns and this is no different. We believe this dip will be bought and the recovery will be rather quick.
Is $TSLA a buy now?(Republishing this)
Hello my dear padawans. This is going to be a quick one.
TECHNICALS
Technicals don't look very good but hey, this is TSLA and many (most?) times it tends to ignore them. Here they are:
1. MACD crossed the signal line bearish and somewhat sharply if compared to the last couple of times. Last time it crossed in similar fashion it dropped about 34%. Doesn't mean it has to happen again but it is something to keep in mind.
2. RSI is also moving sharply to the 30 level. Still a lot of room to go.
3. ADX also turned down sharply. -DI and +DI on the verge of crossing bearish . We could also see them touch and move in opposite directions from here.
4. Price crossed below the 14 and 21 emas on the same candle in what almost looks like a bearish engulfing .
On the positive side, the price found support on the .236 fib retracement and the Argus agency boosted their price target to $1,000 (from the previous $777).
So the overall outlook is bearish for Tesla , specially after what was considered disappointing earnings .
A retracement to the .382 fib level is not our of question so you can monitor the price action from here and position yourself accordingly. I am bullish long term so I bought some shares here and will buy more if it goes lower.
Safe trades!
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Short TESLA today. Who is the big shorts Micheal Burry?Ok so with trading timing is everything. Lets face it that Micheal Burry from the film "the big short" got really lucky with his housing market short in 2007-8. It's one thing knowing a market will sell off, it's another thing timing it. Fair enough he had to get all those swabs sorted as there wasn't even an instrument to short sub prime back then. Micheal was so early with his trade though that it nearly costs him dearly.
Here he is again lining up his Tesla shorts for ages now as the market has been going higher and higher.
markets.businessinsider.com
I've been trading TESLA the other way adding to longs again and again while most trader said it cant go no higher! Now we are at a point though that the MACDH on the daily chart has finally trigged an extremely bearish divergence. These extreme divergences work out 80-90% of the time. The Dow had one a couple of days ago and selling has been hard down a 1000 points or so the last day. We have also had Yellen saying "we don't see a lower dollar" last week which has caused the Dollar to strengthen, gold to sell off and equites with it. This is actually the first time Tesla has put in a major divergence like this in several years. Looks like a low risk high reward short to me ahead of the fed this afternoon. Everything depends on them and how much Yellen can really do to stop the plummeting dollar.
I think we can trade short TESLA down to at least the $700 dollar region. Stop at the high of around $902.
Let's see if we can outsmart Micheal Burry a little anyway with our TESlA short timing today.