The EUR/USD forecast for reaching 1.11 by December 2024The EUR/USD forecast for reaching 1.11 by December 2024 might seem ambitious given current trends, but let's delve into why this could indeed happen:
Economic Recovery in the EU: Recent posts on X highlight expectations around the ECB's monetary policy. If the European Central Bank continues to adjust rates in response to economic recovery signals, a stronger Euro might follow. Discussions around inflation cooling off and potential rate adjustments suggest a more robust Eurozone economy, which traditionally supports a higher EUR/USD rate.
Political Stability and Sentiment: With the U.S. political landscape shifting due to the Democratic nomination of Kamala Harris for the 2024 election, there's a narrative shift. While not directly economic, political stability or perceived changes in policy direction can influence currency strength. If her campaign promises economic policies that might strengthen the Euro against the Dollar, this could be a psychological boost for EUR/USD.
Market Sentiment and Speculation: There's noticeable chatter on platforms like X about EUR/USD movements. Speculation can drive markets; if traders and investors start betting on a stronger Euro due to any positive economic data or geopolitical shifts, this speculative buying could push the rate towards 1.11.
Technical Analysis: Some analysts have pointed out key resistance and support levels. Breaking through these levels, especially with momentum, could set new targets. If EUR/USD manages to convincingly breach the 1.09 resistance and maintain that level, the next psychological target becomes 1.10, with 1.11 not far beyond in terms of market psychology.
Interest Rate Differentials: If the ECB's rate adjustments lead to a narrowing of the interest rate differential with the Fed, capital flow might favor the Euro more, pushing its value up against the Dollar. Given historical trends, even a small change in rate expectations could significantly impact the forex market.
Global Economic Factors: Broader economic conditions, like improvements in European trade balances, could bolster the Euro. If the EU manages to show resilience or growth in sectors previously affected by global downturns, this could reflect positively on the EUR.
Seasonal Trends and Market Calendar: There's often a lull before the end-of-year where markets might move based on year-end portfolio adjustments. If there's a sentiment that the Euro will strengthen, this could be the period where movements towards 1.11 get traction due to year-end positioning.
Tesla
Frankly !!NASDAQ:TSLA is in the ascending phase by the cup and handle.
Tesla is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
Tesla shares in Frankfurt rose by 12% on Thursday, reaching a two-week high, as strong sales forecasts pleased investors. Elon Musk, the company's CEO, predicted on Wednesday that car sales would grow by 20 to 30% next year, reassuring investors that Tesla is improving its core electric vehicle business and alleviating concerns about the production timeline of a taxi robot . However, last night Tesla shares again failed to meet expectations and reported lower earnings. The only slight improvement was in dividend distribution. But due to Elon Musk's repeated promises of improved production, similar to previous periods, its stock will open with a surge today. Each time, he has given the same assurance but failed to deliver on it !!
previous Analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Telsa, Bullish Opportunity: Wait for the Pullback first.TESLA / 1D
Hello Traders, welcome back to another market breakdown.
The market is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
1- First Resistance: Immediate levels formed during prior consolidation.
2- All-time high
3- The one standard deviation target is shown in the chart.
Why Wait?
Entering after a pullback ensures you're trading with confirmation and reduces the risk of chasing the market. This approach not only minimizes drawdowns but also increases the probability of catching the trend at a stronger position.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
Investment portfolio - TeslaHello,
My followers showed interest in my recent trades and want to know more about some of my investments and my entery strategies. Today I am pleased to share my latest investment on TESLA stock.
Money management strategy:
The designated capital for this trade is $20000 (+emergency fund)💰. Here's how the funds will be allocated:
1st Order ($10 000 spot) : Placed at the current market price. This order aims to enter the investment after the recent correction of 53% from latest high.
2nd Order ($10 000 spot) : Set around $72. This price level aligns with a strong technical weekly support, making it a strategic entry point and a good adjustment price level.
3rd Order (emergency fund) : Not defined yet. It will depend on the nature of the downtrend.
The objective of this trade is to take profits near the All time high (~400$) .The target will be flexible depending on the nature of the uptrend. I admit that this investment can take years but I am prepared financially for it 💡💪.
Stay tuned for updates on this investment.
Happy trading, everyone!
This is not an investment advice, I am only sharing my own portfolio ;)
TESLA bounced right where it was supposed to! NASDAQ:TSLA bounced right where it was supposed to!
Tesla has had resistance turned support turned back to resistance dating back to 2021 on the chart, as seen by the white circles. It has broken the $300 level for the second time in the past three or so years. Now that it's broken, it has pulled back to the 9ema on the weekly chart, and the area that was once resistance has turned...you guessed it... SUPPORT. See you at $400 plus!
-HighFiveSetup is still intact with massive measured moves higher from our 1 and 3-year inverse H&S patterns.
-Tesla is up over 3% on a day, and the market is pulling back, which shows even more bullishness.
NFA
Tesla’s Autonomous AmbitionsMusk’s Vision vs. Reality: Tesla’s Path to Revolutionizing Transportation
Tesla recently experienced its best trading day since 2013, with the stock soaring 23% following the release of its Q3 earnings report. While the financial results were solid, investors are largely drawn to Elon Musk’s ambitious vision for autonomy a vision that presents significant challenges but holds substantial potential
Tesla’s rebound in deliveries, higher profit margins, and an unexpected forecast projecting 20% to 30% sales growth for next year reinvigorated investor confidence after a somewhat muted response to the October 10th 'We, Robot' event
The event showcased new products like the highly anticipated Cybercab (robotaxi) and Optimus (a humanoid robot) Despite the excitement, the presentation lacked detailed information, causing Tesla’s stock to decline by nearly 10% the following day
Despite being over 20 years old, the investment appeal of Tesla is still driven more by its future potential than its current state. Musk envisions mass-producing autonomous vehicles and robots, aspiring to make Tesla the largest company globally. Traditional valuation models based on recent performance can’t fully capture this long term vision
Tesla’s journey can’t be understood in isolation
Just three days after the 'We, Robot' event, SpaceX successfully launched its Starship spacecraft for the fifth time. The SpaceX “chopsticks” system successfully caught the Super Heavy booster after liftoff a crucial step toward making the booster completely reusable. This breakthrough could transform space travel by significantly reducing turnaround times and reshaping cost structures.
Elon Musk, at the helm of both Tesla and SpaceX, has a talent for transforming bold ideas into reality. SpaceX’s success in making rockets reusable has drastically reduced the cost of space travel, demonstrating that affordability can drive broader adoption.
This strategy mirrors Tesla’s vision for autonomous vehicles: by creating self-driving cars like the Cybercab, Tesla aims to reshape transportation with similar cost-efficiency principles. However, as with any disruptive technology, the range of possible outcomes is vast.
A balanced perspective considers Musk’s track record while acknowledging that his timelines can often be highly optimistic.
In 2021, Benedict Evans described Musk as “a bullshitter who delivers.” Whether Tesla’s vision for full autonomy will come to fruition remains uncertain, and fully autonomous fleets could still be years away. Nonetheless, Musk’s accomplishments with SpaceX add weight to Tesla’s ambitions, granting him credibility in the eyes of many.
The question remains: Will Musk’s ambitious autonomy vision fully take shape?
Today’s highlights:
- Tesla Q3 FY24 Results
- Key takeaways from the 'We, Robot' event
- Notable quotes from the earnings call
- Insights on Waymo, Uber, and the future of ridesharing
Tesla Q3 FY24 Overview
Tesla’s revenue is primarily generated from three segments
1. Automotive (80% of revenue): This includes the sale of electric vehicles, such as models S, 3, X, Y, and the Cybertruck.
2. Services and Other (11% of revenue): This segment encompasses vehicle services, the Supercharger network, and sales of automotive parts and accessories.
3.Energy Generation and Storage (9% of revenue): Revenue from solar products and energy storage solutions like the Solar Roof and Powerwall.
Key Metrics for Q3 FY24:
-Production: 470,000 vehicles produced (+9% YoY, +14% QoQ).
-Deliveries: 463,000 vehicles delivered (+6% YoY, +4% QoQ), which was slightly below analysts’ expectations of 464,000 and fell short of the Q4 2023 record of 484,000 deliveries. Despite price cuts over the last two years, Tesla’s auto sales growth has leveled off.
Financial Highlights:
-Revenue: $25.2 billion, an 8% YoY increase but fell short of expectations by $0.5 billion.
-Gross Margin: 20% (+2 percentage points QoQ and YoY).
-Operating Margin: 11% (+5 percentage points QoQ, +3 percentage points YoY).
-Adjusted EPS: $0.72, beating estimates by $0.12.
Gross Margin Insights:
-Automotive Gross Margin: 17% (excluding regulatory credits), up from 15% in Q2 and 16% a year earlier. The cost per vehicle dropped to an all-time low of $35,100. Notably, the Cybertruck achieved a positive gross margin for the first time. The automotive segment included $326 million in software revenue.
-Services and Other Gross Margin: Reached 9%, marking the 10th consecutive quarter of positive margins and a new record high.
-Energy Generation and Storage Gross Margin: The highest margin segment at 31%, also hitting a record high.
Overall, while Tesla faced some delivery shortfalls and plateauing auto sales, it managed to improve profitability across its segments, with key milestones in cost reductions and positive trends in gross margins.
Tesla’s Margins and Cash Flow Performance
Tesla’s industry-leading margins are driven by three major advantages:
1.Economies of Scale: Achieved through its expansive gigafactories.
2.Direct-to-Consumer Sales**: Tesla sells directly online and through its showrooms, bypassing traditional dealership networks.
3.Low Marketing Costs: Tesla spends very little on advertising compared to traditional automakers.
While Tesla expects its margins to expand over time due to growth in its non-automotive segments and software sales, its automotive margins have been pressured by price cuts in the last two years to sustain demand.
Cash Flow Highlights:
-Operating Cash Flow**: Increased by 89%, reaching $6.3 billion
-Free Cash Flow**: Jumped by 223%, hitting $2.7 billion
These cash flow figures stood out in the quarterly report, demonstrating Tesla’s ability to fund its ambitious plans for autonomy despite heavy investments in AI.
Guidance
1.FY24 Improvement: Tesla now expects slight growth in vehicle deliveries for FY24 (previous guidance indicated “notably lower” growth), implying a record-setting Q4 to make up for a weaker first half. Energy storage deployment is projected to more than double.
2.FY25 Outlook Surprise: During the earnings call, Musk forecasted 20% to 30% delivery growth in FY25, surpassing market expectations. A new, more affordable model is anticipated to launch in the first half of FY25, potentially easing investor concerns about competition.
3.New Product Strategy: The upcoming affordable vehicles in 2025 will be based on Tesla’s existing platform, indicating less dramatic cost reductions than previously suggested. However, the Robotaxi will bring a fresh manufacturing strategy.
Key Takeaways
1.Volumes Rebounded: After a 7% decline in deliveries during the first half of 2024, volumes recovered in Q3. Prices have stabilized, and Tesla’s focus on reducing unit costs contributed to improved automotive gross margins. Management’s priorities remain on unit volume and maintaining low inventory levels.
2.More than Just EVs: Non-automotive segments, such as Energy and Services, accounted for 20% of Tesla’s revenue this quarter, up from 16% a year ago. Likewise, these segments contributed about 20% of Tesla’s gross margin, nearly double from the previous year. As these segments grow, their impact on Tesla’s profitability will become increasingly significant.
3.Operating Margin Gains: Improved by 3 percentage points year-over-year:
-Negative Impact: Price cuts, mainly due to financing incentives.
-Positive Impact**: Lower costs per vehicle, growth in non-auto segments, FSD revenue, increased deliveries, and higher regulatory credit revenue.
4.Free Cash Flow Surge: Doubled sequentially to $2.7 billion. Capital expenditures increased by 43% to $3.5 billion, largely driven by investments in AI infrastructure. Tesla plans to spend over $10 billion on AI this year.
5.Strong Balance Sheet: Tesla maintains a net cash position of nearly $30 billion, which management believes provides ample liquidity to support its product roadmap and sustain positive cash flow margins.
We, Robot’ Event Takeaways
Key insights from the recent announcements include:
- Cybercab (Robotaxi): Tesla introduced the much-awaited Cybercab, a sleek two-seater, but key technical details—such as sensor configurations and processing capabilities—were notably absent. Musk’s decision to forgo lidar technology, a feature commonly used by competitors like Waymo, could potentially raise regulatory concerns about safety and compliance.
1.Optimus (Humanoid Robot): While the Optimus robots were a hit at the event, performing tasks like serving drinks and dancing, this entertaining display overshadowed the reality of how far the technology is from practical use. Reports indicated that the robots were primarily operated by humans, raising questions about their actual autonomous capabilities and readiness for industrial applications.
2.Robovan: A surprise announcement was the debut of the Robovan, a versatile vehicle intended for both mass transit and cargo transport. Its stylish Art Deco-inspired design drew attention, but like the Cybercab, it lacked concrete details or technical insights to convince analysts that the product is close to entering production. The presentation didn’t provide enough information to quell investor skepticism about its feasibility.
3. Full Self-Driving (FSD) Progress: Elon Musk projected that Tesla’s FSD technology would achieve full autonomy by 2026, with the Cybercab and current models (like the Model 3 and Model Y) spearheading this effort in Texas and California. However, Musk’s history of ambitious FSD promises has been met with ongoing skepticism, and this presentation did little to change that. No new safety data or significant updates were provided to address reliability concerns, leaving regulatory and safety issues unresolved. Tesla still faces significant challenges in proving its FSD capabilities are ready for public use without human oversight and in obtaining regulatory approval at both federal and state levels.
4.Market Reaction: Analysts expressed mixed feelings about the event. While some found the futuristic concepts inspiring, others noted the lack of substantial progress and the vague nature of Musk’s promises. This left investors questioning how close Tesla truly is to achieving its autonomy and robotics goals. For many, the event leaned more towards spectacle than solid evidence of progress.
Shareholder Deck Updates
1.Supercharger Network: Tesla’s Supercharger Network received widespread industry support, with most automakers now adopting Tesla’s North American Charging Standard (NACS). This acceptance is likely to boost Tesla’s Services segment and improve its margins in the long term. The number of Supercharger stations increased by 20% year-over-year to 6,706. Tesla also rehired some of the nearly 500 Supercharger team members who had been laid off earlier in the year, indicating renewed focus on this segment.
2.Market Share: Tesla’s market share remained steady in North America and Europe on a sequential basis, but saw a noticeable improvement in China, signaling stronger competitiveness in the region.
These details paint a picture of a company with promising ambitions but facing significant challenges in bringing its bold visions to reality. Investors will be watching closely for concrete progress and clearer timelines moving forward.
Key Updates from the Earnings Call
Full Self-Driving (FSD) Progress
- Tesla has surpassed 2 billion miles driven using its FSD (supervised) technology, which forms a core part of the company’s data advantage. This milestone underpins Tesla’s long-term autonomy thesis. Additionally, Tesla launched **FSD version 12.5** and introduced the Actually Smart Summon feature, enabling vehicles to autonomously drive to their owners in parking lots.
AI Training Capacity
- Musk shared that Tesla expects to have **nearly 90,000 H100 clusters dedicated to AI training** by the end of the year, enhancing the company’s machine learning capabilities.
Energy Storage Deployments
- Tesla deployed **6.9 GWh of energy storage** in Q3, although this fell short of the record 9.4 GWh achieved in Q2. The 40 GWh Megafactory in Lathrop is ramping up production, reaching 200 Megapacks in a single week. The **Shanghai Megafactory** is set to start shipping Megapacks in Q1 2025 with a run rate of 20 GWh. Tesla noted that energy deployments are inherently lumpy due to factors such as customer readiness and geographic order locations.
Key Quotes from the Earnings Call
Elon on the Cybercab:
- “I do feel confident of Cybercab reaching volume production in ‘26. We’re aiming for at least 2 million units a year, maybe 4 million ultimately.”
Musk envisions the Cybercab becoming a global, high-volume autonomous vehicle service. However, achieving this scale requires overcoming two major challenges: delivering level 5 autonomy at a competitive cost and navigating regulatory approval across regions with varying laws, road conditions, and weather considerations.
- Musk also dismissed the notion of a regular low-cost model, stating, “I think having a regular $ 25,000 model* is pointless.” He emphasized focusing on the Cybercab as a generational leap forward.
Musk on FSD:
- “Our internal estimate is **Q2 of next year** to be safer than human and then to continue with rapid improvements thereafter.”
He expressed confidence that full autonomy could be achieved in 2025 with existing vehicle models, although regulatory hurdles and safety standards remain significant barriers.
On Tesla’s Ridesharing App
- Tesla is already testing a *ridesharing capability* in the Bay Area for employees, with safety drivers currently in place. Musk anticipates launching the service for the public in California and Texas next year, pending regulatory approval. He added, “**I’d be shocked if we don’t get approval next year**,” but acknowledged that regulatory timelines are out of Tesla’s control.
Musk on Optimus:
- “We’re the only company that really has all of the ingredients necessary to scale humanoid robots.” He believes that the *Optimus robot* could become the “most valuable product ever made,” owing to Tesla’s combined AI and manufacturing advantages. However, the product remains at an early development stage and will likely take years to fully commercialize.
On Tesla’s Valuation:
- Musk reiterated his bold prediction: “Tesla will become the most valuable company in the world and probably by a long shot” He argued that Tesla’s strategic focus on future advancements in energy, transport, robotics, and AI sets it apart from competitors who are only targeting short-term trends.
Waymo, Uber, and Rideshare Future
There are two distinct paths to achieving full autonomy
1.Waymo’s Approach: Waymo focuses on highly structured, geo-fenced environments with extensive pre-mapping and sensor-based systems like lidar to ensure safety.
2.Tesla’s Approach: Tesla aims to develop a generalized self-driving system that works with computer vision and AI, relying on its fleet’s extensive data advantage and scaling software improvements. However, Tesla’s reluctance to use lidar technology and regulatory challenges could hinder its timeline for achieving level 5 autonomy.
These differing strategies highlight the varied paths to delivering a future of autonomous transportation, with each approach facing unique technical and regulatory hurdles.
Levels of Autonomy
- Tesla's FSD (Supervised): Tesla’s Full Self-Driving system remains at **Level 2**, meaning it still requires driver supervision to operate. In contrast, **Waymo** operates at **Level 4** in certain cities, where its vehicles can drive without human intervention, albeit under specific conditions.
-Jumping Levels: Musk’s vision for the Cybercab aims to skip from Level 2 to **Level 5 autonomy**, which implies no need for human input at all—a huge leap.
Technology Approach
-Tesla’s Strategy: Tesla relies on a **camera and AI-only approach**, focusing on software and data scalability rather than expensive hardware. Musk’s bet is that advanced software can eventually solve all driving scenarios.
- Waymo’s Strategy: Waymo uses a **hardware-intensive model** with a combination of LiDAR, radar, and cameras**, providing highly precise navigation. However, the reliance on multiple sensors leads to higher production costs per vehicle, around **$200,000** each.
Scaling Challenges
-Waymo’s Limitation: The high cost of Waymo's vehicles has hindered its ability to scale quickly, while Tesla plans to leverage its extensive fleet data to improve its autonomous systems over time.
-Tesla’s Repeated Delays: Despite its aspirations, Tesla’s full autonomy timeline has faced numerous delays. Scaling quickly while achieving robust and safe autonomy remains a significant challenge for the company.
Safety and Regulation
-Waymo’s Approach: Waymo has built trust with regulators by deploying vehicles cautiously in select cities and prioritizing safety, but its operations remain limited geographically.
-Tesla’s Regulatory Hurdles: The Cybercab’s design lacks traditional controls like steering wheels and pedals, raising concerns about regulatory approval. These changes could face substantial scrutiny, particularly if safety standards require features Tesla’s design omits.
Tesla and Uber: Competitors or Partners?
-Potential Partnership: Uber CEO Dara Khosrowshahi found the Cybercab vision "pretty compelling" and didn’t dismiss the possibility of a collaboration. Uber already partners with Waymo to offer autonomous rides in cities like **Phoenix, Atlanta, and Austin**. Khosrowshahi’s openness to partnership means there’s potential for Tesla's Cybercab fleet owners to list their vehicles on Uber to boost earnings.
-Hybrid Model: By leveraging Uber’s vast network, Tesla could quickly gain scale in local markets, especially given Uber’s capability to serve diverse customer needs. This could lead to a hybrid model where Tesla’s autonomous vehicles are available on Uber alongside other options.
Regulatory Challenges: An Obstacle to Elon’s Vision ?
-Waymo’s Critique: Former Waymo CEO John Krafcik criticized the Cybercab, highlighting its impracticality for a large-scale robotaxi business. Waymo’s approach focuses on accessibility and safety with taller vehicles and high-mounted sensors, whereas Tesla’s design was light on crucial technical details.
-Possible Lidar Mandate: Krafcik also noted that if regulators eventually require LiDAR technology for safety compliance, Tesla’s camera-only approach could face a significant setback. Regulatory decisions are beyond Tesla’s control and could fundamentally reshape its autonomy strategy.
-Musk’s Political Maneuvering: Musk’s political activities and controversies could complicate Tesla’s regulatory relations. Building strong connections with regulators is critical, given their power to greenlight or halt the Cybercab’s deployment.
Final Thoughts
The coming years will be pivotal for Tesla as it strives to overcome both techno logical and regulatory challenges. The success of Tesla’s autonomy plans hinges not just on its technological progress but also on its ability to navigate complex and varied regulatory frameworks worldwide. Whether Musk’s bold vision for full autonomy becomes a realityor remains a distant dream will depend on a combination of innovative breakthroughs and the company’s capacity to gain and maintain regulatory approval.
Are you Moonish on Tesla or not?
NVIDIA 200 BY 2025 Reasons Why NVIDIA Could Reach $200 by 2025
NVIDIA (NVDA) has been at the forefront of technological innovation, particularly in the realms of AI and graphics processing, positioning it well for significant stock price growth. Here are several reasons why NVIDIA's stock might hit $200 by 2025:
Dominance in AI and Data Center Markets:
NVIDIA's GPUs are the backbone for many AI and machine learning applications. Their leadership in this space, especially with the advent of AI-driven technologies across industries, is expected to keep revenue growth robust. The company's data center segment has seen exponential growth, with analysts predicting a continued upward trend due to the increasing demand for computing power in AI applications.
Strategic Product Roadmap:
NVIDIA's product pipeline, including the Blackwell architecture, is anticipated to propel the company forward. The Blackwell chips, expected to launch in 2025, are designed to push performance boundaries for AI applications, potentially capturing more market share and driving revenue. The expectation around these new architectures creates a bullish outlook for NVIDIA's stock.
Strong Financial Performance:
NVIDIA's financial results have consistently outperformed expectations. For instance, Q2 FY 2025 saw a revenue increase of 122% year over year, demonstrating the company's ability to maintain high growth rates. Despite a natural slowdown expected due to tougher year-over-year comparisons, the company's growth is still projected to be impressive at around 43% for FY 2026, supporting a narrative of sustained stock price appreciation.
High Barriers to Entry and Market Moats:
The complexity and performance of NVIDIA's offerings create high barriers for competitors, ensuring NVIDIA's market leadership. Analysts highlight NVIDIA's 24-month technological lead in AI GPUs, with high switching costs for customers locked into NVIDIA's ecosystem. This moat is expected to support premium pricing and market share retention, which could translate into stock value growth.
Analyst Optimism:
Numerous Wall Street analysts have set price targets for NVIDIA well above its current levels, with some predicting it could hit $200 or more by 2025. These forecasts are based on NVIDIA's strong fundamentals, technological edge, and market position in AI and computing solutions.
Market Sentiment and Valuation:
Even though NVIDIA's stock trades at a premium valuation (62 times trailing earnings as of recent data), analysts believe that its growth trajectory justifies this price. If NVIDIA continues to meet or exceed growth expectations, its valuation could expand further, driving the stock price towards $200. However, achieving this target would require either a significant earnings surge or a market sentiment favoring even higher multiples for tech growth stocks.
Global AI Adoption:
Posts on X highlight the ongoing global shift towards AI, with NVIDIA at the forefront. The demand for NVIDIA's computing solutions is expected to grow as AI becomes more integral to various sectors, from automotive to cloud computing, thereby supporting stock price growth.
Tesla (TSLA) short term outlookTesla (TSLA) stock is forming an ascending triangle pattern on its daily chart, which signals a potential bullish continuation. This formation is characterized by a horizontal resistance level and a rising trendline of higher lows, reflecting increasing buyer strength and suggesting the possibility of an upside breakout.
The stock has repeatedly faced selling pressure at a horizontal resistance level, which represents a key inflection point. A breakout above this zone could attract further buying interest and signal a continuation of the upward trend. Meanwhile, the rising trendline, formed by higher lows, highlights consistent buying support even during pullbacks, reinforcing confidence in Tesla's bullish trajectory.
Volume is a crucial factor in validating this breakout. A surge in volume as TSLA moves above resistance would confirm the breakout, whereas low volume could indicate a false move, requiring caution. The stock is currently trading above its key moving averages, which are aligned in a bullish formation. Additionally, momentum indicators like RSI and MACD should be monitored closely to confirm the strength of the move.
For traders looking to capitalize on this setup, a potential strategy could involve entering a long position once the stock decisively breaks above the resistance level, ideally accompanied by increased volume. A stop loss can be placed just below the ascending trendline or the most recent higher low to manage downside risk. Profit targets can be estimated using the height of the triangle, projected upward from the breakout point. As the stock moves higher, trailing the stop loss could help lock in gains while still allowing for additional upside potential.
Tesla’s ascending triangle pattern suggests the stock is at a critical juncture. A breakout supported by strong volume and positive momentum could signal the next leg of its bullish trend. However, as with any technical setup, traders should remain cautious, monitor key levels, and use proper risk management to navigate potential volatility.
TESLA: Bearish Continuation & Short Signal
TESLA
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell TESLA
Entry - 352.65
Stop - 382.63
Take - 300.77
Our Risk - 1%
Start protection of your profits from lower levels
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$TSLA to $540 then to $380 ??I am novice in charting. Please share your thoughts on this idea. NASDAQ:TSLA eventual short squeeze to $540 with a correction to the mean approximate $380/share. I hand drew these markers so these are approximate values but i think pretty close. These are the values i intend to play. Perhaps I will sell the majority of shares prior to $500 when there would be an expected resistance level at this whole number value. Perhaps I would leave 20% to ride and sell at anticipated peak of $540. Honest criticism appreciated. Tell me if i am no good at this at all. thanks.
Tesla's Next Big Move: Holding Strong or Breaking Down?Good morning, trading family!
Here’s a quick and easy breakdown of Tesla (TSLA):
Key Levels to Watch:
If TSLA holds $336:
We may see a move up toward $358 as buyers take control.
If TSLA breaks below $336:
Look for potential downside targets at:
$329
$322
$315
If TSLA finds support at $315:
This could set the stage for a bounce and a possible rally back up.
Remember to trade what you see, not what you think.
Mindbloome Trading // Kris
Tesla - New All Time Highs With Trump!Tesla ( NASDAQ:TSLA ) just broke above the last resistance level:
Click chart above to see the detailed analysis👆🏻
With Trump winning the election and Elon Musk being a supporter of Trump, Tesla is rallying significantly. But looking at market structure, this rally was also expected, considering that Tesla just broke out of a triangle pattern. Now Tesla will soon create new all time highs.
Levels to watch: $275, $410
Keep your long term vision,
Philip (BasicTrading)
Is more control of Tesla by Elon Musk bullish or bearish?From 2022 we began to see that electric vehicle adoption was losing some steam in the US and other major markets. EV players like NASDAQ:TSLA got hit the most unlike Toyota that produced gasoline and hybrids in the same period, which are very quite appealing to consumers. EV demand is expected to slow in 2024.
The excitement about generative AI and robotics will be the tailwind for the EV maker’s potential upside. Musk wants to position the company as an AI investment.
In January, Musk posted on X “ I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned.”
From the post, Musk seems to be demanding for more voting control of the EV maker or would rather pursue his Ai projects outside the company. This is coming at a very tough period in the company.
I believe the board would negotiate this properly, considering how important Ai is to its full self-driving project.
Tesla has strived to always be at the vanguard of innovation, Ai would not be an exception. In the coming days Tesla will make great Ai breakthroughs that will
Cut cost
Improve self driving capabilities
Increase safety and
Enhance user experience
All these spell ‘BULLISH’…
They bears won't last ... .I am a Tesla bull.
If this idea was helpful, like, share and comment below.
Breaking News:Tesla Shares Jump By 5%I had a nightmare again, and this time it was about
A girl that I asked for help from
Then suddenly decided she did not want to
Have children. When deep down in my heart I didn’t worry
About that.
Sometimes in life, unexpected things will happen
To you but even if that’s the case you always have
to have insurance.
Having a trading system is like having insurance
Once I focused on learning and honing my trading skills
All y disappoints seem to no longer have any power
Over me.
Now you may be thinking,
“Trading is too hard”
You know what you are right trading can be a challenge
But don’t let that discourage you at all
Because deep down inside you
You have the ability to be the best version
Of your trading career.
This is why I designed the rocket booster strategy
To help you understand trend analysis
So that it will give you the edge in the market
Right let’s look at TESLA NASDAQ:TSLA
According to the rocket boost
Strategy the following 3 things are happening:
1) The price is above the 50 EMA
2) The price is above the 200 EMA
3) The price has gapped up in a trend
This stock price is a perfect example of the rocket booster
Strategy.
I find stocks like this every single day.
But I need the motivation to write about them
This is why am asking you to rocket boost
This content to learn more.
Disclaimer: Trading is risky please learn risk management and
Profit-taking strategies.
Also, feel free to use a simulation trading tool
Before trading with real money.
Because you will lose money whether you like it or not.
Update on Tesla This is my update on Tesla stock.
A huge gap that was created today and looking to not go inside the gap.
Not seeing anything to show why this will continue going up without going back to the first GAP mentioned in the last post. Which was in October.
The GAP is showing a whopping 4% rise.
Tesla at a Critical Pivot – What’s the Next Move?Hey trading family, Tesla’s chart is heating up, and we’ve got some key levels to keep on our radar. Here’s how it’s shaping up:
Break below $338: A drop to $334 is likely, with potential to bounce back up from there.
Deeper drop: If we go lower, watch for a move toward $326, followed by a possible push upward.
Break above $348: If Tesla clears this high, we could target $361 and potentially even higher levels.
Tesla’s setup has a lot of potential both ways. What’s your plan if we dip or if we rip higher?
👉 Like, comment, and share your insights below! Got questions or your own analysis? Send me a DM – let’s connect.
Mindbloome Trading // Kris
Trade What You See.