TSLA to $600Ahh finally we have new president. With Trump as a president Elon Musk will get financial position in goverment and Trump fully supports him.
I do expect the TSLA price to do something way more insane than $600. I'm expecting from TSLA moves similar to NVDA or some of the ".com" bubble stocks.
We're pre-rich.
Tesla
TESLA Broke the (1h) bearish trend on. Target $265.Tesla crossed above the Falling Resistance on the (1h) time frame.
The current MA50 (1h) rejection is serving as the last buy opportunity after the break out.
Trading Plan:
1. Buy on the current market price.
Targets:
1. $265.00 (Fib 0.786).
Tips:
1. The MACD (1h) is on a Bullish Cross. The previous one drove the price to as high as 273.00.
Please like, follow and comment!!
Tesla in daily logHello community,
A quick analysis of Elon Musk's action.
D-Day for him with the American election.
The market has granted him 6 red candles!
Doing politics and managing companies, I wonder if it's a good idea.
American citizen at the polls, your destiny is in your hands.
Courage, the world is watching you, American First!
Make your opinion, before placing an order.
► Thank you for boosting, commenting, subscribing!
Tesla: Wave [iii] Impulsive Move!Over the past two weeks, Tesla’s stock saw a sharp uptrend followed by a sell-off. We consider the low of the magenta wave as settled and now anticipate a five-part impulsive movement during the magenta wave . Regarding the subwave count, there is more room on the downside for the blue wave (ii), before the subsequent wave (iii) should surpass the resistance at $271. However, in our 30% likely alternative scenario, renewed selling pressure could push the stock below the $167.41 mark and thus toward a new low of the blue wave alt.(II).
Best Level to BUY/HOLD TSLA 100% upside TP 500/550 USD🔸Hello traders, today let's review 8hour chart for TSLA. Entering re-accumulation stage now, expecting range bound trading during next few weeks as we enter pullback/correction. We are closing in on heavy overhead resistace / limited upside currently.
🔸The speculative chart pattern is bullish C*H in progress, expect more range locked price action for a few weeks as we re-accumulate and get ready to clear the overhead resistances. Measured move price projectiong for the C*H structure is 500/550 USD, 100%+ upside from the recommended BUY ZONE.
🔸Recommended strategy bulls: wait for TSLA to re-accumulate in the sliding bull flag formation into the liquidity zone and get ready to BUY/HOLD low near 220 USD, target based on measured move projection is 550 USD. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
TSLA - Did it again...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 TSLA has been trading within a large symmetrical triangle marked in blue.
In our last two analyses, TESLA rejected the lower bound of the range and the $200 support zone.
Currently, TSLA is hovering near the upper bound of its range. We’ll be looking for new long positions as it approaches the lower blue trendline.
📚 The blue trendline also intersects with the orange demand zone, further strengthening this area.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Tesla Are we pushing down to 249 or 241 ??? Good morning Trading Fam
A quick update with Tesla , we did not a see a break up into our buy zone and now a correction or more is in place to 249 or 241. However beware this is either a correction or a bigger move down which currently we need more info to figure out before we make that thesis.
Enjoy the video
Kris/ Mindbloome Trading
Trade What You See
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
Will $TSLA reach $300? Now buy or sell?
Technical speaking, Tsla is having a consolidation pullback in an overall bullish market.
It was rejected by the key resistance level of previous high yesterday, and also closed to the support level of the high price of recent high volume candle.
In this case, it might probably go bullish if it breaks above the resistance level. And if not, it will continue to moving the consolidation area.
From the perspective of fundamentally, it might benefit from the president election if Drump could win.
So my answer to the topic is yes, Tsla will reach $300.
Of course, this is not a financial advice!
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.
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Tesla (TSLA): Positioning for growth as Musk eyes record salesAs we anticipated in our last update, Tesla bounced right at the expected level following its earnings call. After posting better-than-expected earnings, TSLA shares surged up 20% on market opening. Tesla reported a 17% increase in net income for the September quarter, reaching $2.2 billion, which beat analyst expectations. Additionally, revenue grew by 8%, reaching $25.2 billion, just shy of the consensus estimate of $25.4 billion.
Most noteworthy, Elon Musk hinted at a promising future outlook. He stated Tesla aims for a record-breaking quarter in vehicle sales, with potential growth of 20% to 30% in 2025. However, there is still cautious sentiment about whether this will follow the pattern of past announcements, where major news led to temporary rallies, followed by dips if expectations weren’t met.
As we highlighted previously, a bounce here suggests a likely revisit to the range high. If the current trend continues, the next high could align with the trendline, potentially forming another lower high. For sustained upside, breaking this trendline with a solid push is critical. We’re closely watching these developments and will keep you updated on any relevant changes.
Is Tesla Finally Finishing A Bullish Triangle Pattern?Tesla has been trading sideways since 2021, which we see it as a consolidation within bullish trend, ideally as a larger bullish triangle pattern in wave IV that can send the price higher for wave V
Tesla is now breaking important 270 area after recent strong earnings. Considering it's breaking above upper triangle line, then bullish ABCDE triangle in wave IV can finally be completed. Is Wave V now underway back to all-time highs?
A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. The triangle is a region of horizontal price movement, a consolidation of a prior move, and it is composed of “threes.” That means each of the A-B-C-D-E waves have three subwaves. The triangle pattern is generally categorized as a continuation pattern, meaning that after the pattern completes, it’s assumed that the price will continue in the trend direction it was moving before the pattern appeared. However, triangles also indicate that the final leg is coming before a reversal and that’s why triangles are labeled in wave B, wave X or wave 4.
UNLOCK PROFITS! 5 Opportunities to Capitalise1. Tesla (Weekly Timeframe) NASDAQ:TSLA
● A symmetrical triangle pattern is clearly visible on the weekly chart.
● Following a recent breakout with strong volume, the price is likely to rise significantly.
2. Lam Research Corporation (Weekly Timeframe) NASDAQ:LRCX
● After breaking out of the cup and handle pattern, the price surged to an all-time high around the 113 level.
● A notable rejection from this peak caused a pullback to the previous breakout level.
● The price is currently consolidating at this level, preparing for a potential upward move.
3. Tapestry (Daily Timeframe) NYSE:TPR
● The stock has been trading within a rectangle pattern for a while.
● Now, following a robust breakout supported by significant volume, the stock price is primed for an upward trajectory.
4. Oppenheimer Holdings (Daily Timeframe) NYSE:OPY
● After breaking out of a bullish pennant pattern, the stock price is targeting higher levels.
● The breakout was accompanied by significantly high trading volume.
5. Deckers Outdoor Corporation (Daily Timeframe) NYSE:DECK
● The stock price has formed a symmetrical triangle pattern.
● A recent breakout could drive the price to higher levels.
TESLA (TSLA) Stock Rockets: Short-Term Long Trade AnalysisTESLA (TSLA) Stock Chart Analysis
Time Frame: 15-minute
Trade Type: Long setup, entry already achieved
Entry Price: $246.76
Stop Loss: $229.43
Take Profit Levels:
TP1: $268.17 (Hit)
TP2: $302.82
TP3: $337.46
TP4: $358.88
Key Insights
Volume Surge: Current volume at 161.61 million, nearly doubling the 30-day average of 82.11 million, indicating strong buying momentum.
Earnings Catalyst: Recent Q3 earnings report boosted investor confidence, leading to a 26% stock price surge over two days. Elon Musk’s holdings rose significantly, adding approximately $38 billion to his net worth.
Next Catalyst: Earnings report expected in 87 days, maintaining potential investor interest.
Tesla's recent earnings report has catalyzed a bullish breakout, achieving TP1 with a clear path towards higher targets. Given the elevated volume and positive momentum, this trade aligns well with the current market sentiment.
TESLA Massive Short! SELL!
My dear friends,
Please, find my technical outlook for TESLA below:
The price is coiling around a solid key level - 269.19
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 247.02
Safe Stop Loss - 281.66
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Analyzing Tesla's Meteoric Rise: A 22% Surge and Musk's OptimistTesla's stock experienced a dramatic surge of 22% on Thursday, marking its most significant single-day gain in over a decade. This extraordinary performance was fueled by a better-than-anticipated earnings report and CEO Elon Musk's bullish projections for the company's future growth.
The electric vehicle (EV) giant's third-quarter profit margins were bolstered by a substantial $739 million in revenue generated from environmental regulatory credits. This unexpected windfall contributed to the company's overall financial performance and further fueled investor optimism.
However, the primary catalyst behind Tesla's stock surge was Musk's optimistic outlook for 2025. The Tesla CEO expressed his belief that the company's vehicle growth could reach an impressive 20% to 30% next year, surpassing the 15% growth rate anticipated by analysts. This bold prediction ignited investor enthusiasm and sent Tesla's stock soaring.
The impact of Tesla's stock surge was not limited to the company's market valuation. Elon Musk's wealth also experienced a significant boost, increasing Tesla's Meteoric Rise: A 22% Surge and Musk's Optimistic Outlook
by approximately $26 billion. As a result, Musk's net worth now stands at nearly $270 billion, solidifying his position as one of the world's wealthiest individuals.
Tesla's remarkable performance on Thursday can be attributed to several key factors:
• Strong Earnings Report: The company's better-than-expected earnings report demonstrated its ability to deliver solid financial results, even amidst challenging market conditions.
• Regulatory Credit Revenue: The unexpected revenue from environmental regulatory credits provided a significant boost to the company's bottom line.
• Musk's Optimistic Outlook: Elon Musk's bullish projections for 2025 growth instilled confidence in investors and fueled expectations for continued strong performance.
• Investor Sentiment: Positive investor sentiment surrounding Tesla's innovative technology, strong brand reputation, and growing market share contributed to the stock's surge.
•
While Tesla's recent performance has been impressive, it is important to note that the company still faces several challenges. These include intensifying competition from other EV manufacturers, supply chain disruptions, and potential economic headwinds. Additionally, Tesla's reliance on regulatory credits for revenue could diminish as stricter emissions regulations are implemented.
Despite these challenges, Tesla remains a dominant force in the EV industry. The company's technological advancements, strong brand loyalty, and expanding global presence position it well to capitalize on the growing demand for electric vehicles. As Tesla continues to innovate and execute on its ambitious growth plans, it is likely to remain a key player in the automotive industry for years to come.
In conclusion, Tesla's 22% stock surge on Thursday was a testament to the company's strong financial performance, Elon Musk's optimistic outlook, and positive investor sentiment. While challenges remain, Tesla's innovative spirit and strong market position make it a compelling investment opportunity for those willing to embrace the risks associated with the EV industry.
U.S. Aggregate T-Bond Market. Fears & Greed AwakeningStocks heavily sold off Thursday (again), with the Dow Jones Industrial Average (DJIA) tumbling nearly 500 points, as investors’ fears over a recession surfaced.
Some fresh data stoked fears over a possible recession and the notion that the Federal Reserve could be too late to start cutting interest rates. Initial jobless claims rose the most since August 2023. And the ISM manufacturing index, a barometer of factory activity in the U.S., came in at 46.8%, worse than expected and a signal of economic contraction.
After these releases, the 10-year Treasury yield dropped below 4% for the first time since February.
These weak data releases come a day after central bank policymakers chose to keep rates at the highest levels in two decades, when Fed Chair Jerome Powell gave investors some hope by signaling a September rate cut could be on the table.
Labor situations is on the radars also, as fresh unemployment data expected on Friday, August 2.
The main technical chart is for U.S. Core Aggregate T-Bond Market ETF (AGG), in total return format/
With 11782 total number of holdings, AGG is US bond market in miniature.
Fears & Greed Awakening.
👉 VIX and VXN are sitting closer to their important levels, 20 and 25 points respectively.
👉 VIX to 50-Day VIX SMA ratio has recently jumped above 1.40, and this is the biggest level over the past twelve months.
👉 VXN to 50-Day VXN SMA ratio has recently jumped above 1.40, and this is the biggest level over the past twelve months.
👉 Difference in 20-day stock and bond returns slumped almost to Zero.
Technical observations
👉 AGG technical graph indicates on huge developing Reversed Head-and-Shoulders, with 2-year highs breakthrough.
👉 The nearest target could be considered is multi top, around $108 mark.
👉 In mid- to long term it could be good for stock indices and markets, despite of possible turbulence and seismic activity.
BIG POST! | How To Beat SP500?
S&P 500 Performance: +35% since 2022.
My Selected Portfolio Performance: +62%, with an 82% hit rate.
Top Performing Stocks: NVDA (+735%), ANET (+343%), META (+209%), and more.
Technical Analysis Tools Used: Price action, trendlines, Fibonacci levels, round numbers, and more.
It’s been nearly three years since I posted my analysis of S&P 500 stocks on February 23, 2022. Back then, I reviewed all 500 stocks, applied some quick technical analysis, and identified 75 stocks that stood out for me. Importantly, I relied solely on technical analysis to make my picks. Fast forward to today, and the results speak for themselves. Most of these selections have significantly outperformed the broader market, proving the power and importance of technical analysis.
While many investors rely solely on fundamentals, technical analysis brings a dynamic edge that’s often underestimated. By focusing on price action and market behavior, technical analysis allows us to spot opportunities that others might miss, especially it gives a massive psychological edge while the markets are making corrections. The market doesn't care what you know, the market cares what you do!
Here’s what I used for my analysis:
It's kind of pure price action - previous yearly highs, trendlines, a 50% retracement from the top, round numbers, Fibonacci levels, equal waves, and channel projections. For breakout trades, determined strong and waited for confirmation before pulling the trigger.
The Results
While the S&P 500 has gained around 35% over this period , my selected stocks from the same list have made +62%! Out of the 75 stocks I picked, 67 have hit my target zones and 54 are currently in the green. That’s an 82% hit rate, and for me, that’s a good number!
Now, for those who favor fundamental analysis, don’t get me wrong, it has its place. But remember, fundamentals tell you what to buy, while technicals tell you when to buy - to be a perfect investor, you need them both. You could hold a fundamentally strong stock for years, waiting for it to catch up to its "true value," while a technical analyst might ride multiple trends and capture far superior returns during that same time. Also, the opposite can happen – you may see a great technical setup, but if the fundamental factors are against it, you could end up with your money stuck in a bad trade.
To put these ideas in perspective, starting with a simulated portfolio of $76,000, where each stock had an equal investment of around $1,000–$1,100, the portfolio is now worth around $124,000. The results are based on buying at marked zones and holding until today. I calculated entries from the middle of the target zone, as it’s a more realistic and optimal approach compared to aiming for perfect lows (which, frankly, feels a bit scammy) to get much(!) higher returns. This method reflects real-world trading.
Before we dive in, here are the current Top 5 stocks from My Picks:
NVDA: +735%
ANET: +343%
TT: +227%
META: +209%
LEN: +164%
These numbers demonstrate the effectiveness of a solid technical strategy. Many say it's tough to beat the market with individual stock picks, but these results show it’s not just possible, it’s absolutely achievable with the right tools and approach.
Now, let's dive into the charts!
1. Apple (AAPL) - a load-it-up type of setup has worked out nicely. Used previously worked resistance levels. If the stocks performing well and the market cap is big enough then these levels can help you to get on board.
Current profit 65%
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2. Adobe (ADBE) - came down sharply, but the price reached the optimal area and reversed.
Current profi 38%.
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3. Advanced Micro Devices (AMD) - round number, strong resistance level becomes support and the climb can continue.
Current profit 101%
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4. Amazon (AMZN) - came down from high prices to the marked levels and those who were patient enough got rewarded nicely.
Current profit 66%
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5. Arista Networks (ANET) - retest of the round nr. worked perfectly, as a momentum price level, after the strong breakout.
Current profit 343%
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6. Aptiv PLC (APTV): Came down quite sharply and it will take some time to start growing from here, if at all. The setup was quite solid but probably fundamentals got weaker after the all-time high.
Current loss -24%
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7. American Express (AXP) - firstly the round nr. 200 worked as a strong resistance level. Another example is to avoid buying if the stock price approaches bigger round numbers the first time. Came to a previous resistance level and rejection from there…
Current profit 104%
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8. Bio-Rad Laboratories (BIO) - in general I like the price action, kind of smoothly to the optimal zone. It might take some time to start growing from here but also fundamentals need to look over.
Current loss 6%
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9. BlackRock (BLK) - kind of flawless. All criteria are in place and worked perfectly.
Current profit 81%
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10. Ball Corporation (BALL) - a perfect example of why you should wait for a breakout to get a confirmed move. No trade.
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11) Berkshire Hathaway (BRK.B) - Buy the dip. Again, as Apple, a big and well-known company - all you need to do is to determine the round numbers, and small previous resistances that act as support levels, and you should be good.
Current avg. profit from two purchases 64%
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12) Cardinal Health (CAH) - the retest isn't as deep as wanted but still a confirmed breakout and rally afterward. Still, the bias was correct!
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13) Ceridian HCM Holding (DAY) - found support from the shown area but not much momentum.
Current profit 20%
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14) Charter Communications (CHTR) - technically speaking it is a quite good price action but kind of slow momentum from the shown area. Probably came too sharply and did not have enough previous yearly highs to support the fall.
Current loss -10%
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15) Comcast Corp. (CMCSA) - got liquidity from new lows, pumped up quickly, and is currently fairly solid.
Current profit 10%
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16) Cummins (CMI) - got rejected from 2028 and 2019 clear highs, fairly hot stock, and off it goes.
Current profit 80%
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17) Salesforce.com (CRM) - perfect. 50% drop, strong horizontal area, and mid-round nr did the work.
Current profit 83%
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18) Cisco Systems (CSCO) - worked and slow grind upwards can continue.
Current profit 30%
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19) Caesars Entertainment (CZR) - not in good shape imo. It has taken too much time and the majority of that is sideways movement. Again, came too sharply to the optimal entry area.
Current loss -16%
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20) Devon Energy (DVN) - inside the area and actually active atm. Still, now I’m seeing a bit deeper correction than shown.
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21) Electric Arts (EA) - 6 years of failed attempts to get a monthly close above $150 have ended here. It got it and we are ready to ride with it to the higher levels.
Current profit: kind of BE
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22) eBay (EBAY) - it took some time but again, worked nicely.
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23) Enphase Energy (ENPH) - got a breakout, got a retest, and did a ~76% rally after that! If you still hold it, as I do statistics, then…
Current loss -59%
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24) Expeditors International of Washington (EXPD) - kind of worked but didn't reach. No trade.
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25) Meta Platforms (META) - the bottom rejection from the round number $100 is like a goddamn textbook :D At that time 160 and 200 were also a good area to enter. Here are several examples of the sharp falls/drops/declines - watch out for that, everything should come fairly smoothly. Still, it ended up nicely and we have a massive winner here...
Current profit 209%
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26) FedEx (FDX) - I love the outcome of this. Very solid price action and multiple criteria worked as they should. Perfect.
Current profit 60%
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27) First Republic Bank (FRC) - firstly got a solid 30 to 35% gain from the shown area but...we cannot fight with the fundamentals.
Current loss 99%
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28) General Motors (GM) - finally found some liquidity between strong areas and we are moving up.
Current profit 47%
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29) Alphabet (GOOG) - load it up 3.0, a good and strong company, and use every previous historical resistance level to jump in.
Current avg. profit after three different price level purchases 63%
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30) Genuine Parts (GPC) - coming and it looks solid.
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31) Goldman Sachs (GS) - really close one.
Current profit 86%
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32) Hormel Foods (HRL) - quite bad performance here. Two trades, two losses.
The current loss combined these two together is 35%
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33) Intel (INTC) - at first perfect area from where it found liquidity, peaked at 65%. Still, I make statistics if you still holding it then…
Current loss -21%
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34) Ingersoll Rand (IR) - beautiful!
Current profit 144%
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35) Intuitive Surgical (ISRG) - the trendline, 50% drop, strong horizontal area. Ready, set, go!
Current profit 157%
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36) Johnson Controls International (JCI) - second rest of the area and then it started to move finally..
Current profit 55%
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37) Johnson & Johnson (JNJ) - Buy the dip and we had only one dip :)
Current profit 13%
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38) CarMax (KMX) - the area is strong but not enough momentum in it so I take it as a weakness.
Current profit kind of BE
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39) Kroger Company (KR) - without that peak it is like walking on my lines
Current profit 15%
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40) Lennar Corp. (LEN) - strong resistance level becomes strong support. Beautiful!
Current profit 164%
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41) LKQ Corp. (LKQ) - just reached and it should be solid. Probably takes some time, not the strongest setup but still valid I would say.
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42) Southwest Airlines (LUV) - no breakout = no trade! Don’t cheat! Your money can be stuck forever but in the meantime, other stocks are flying as you also see in this post. If there is a solid resistance, wait for the breakout and possibly retest afterward! Currently only lower lows and lower highs.
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43) Las Vegas Sands (LVS) - channel inside a channel projection ;) TA its own goodness!
Current profit 70%
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44) Microchip Technology Incorporated (MCHP) - worked!
Current profit 37%
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45) Altria Group (MO) - got a bit deeper retest, liquidity from lower areas, and probably a second try..
Currently kind of BE
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46) Moderna (MRNA) - "seasonal stocks", again too sharp and we are at a loss…
Current loss -37%
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47) Morgan Stanley (MS) - the first stop has worked, and got some nice movements.
Current profit 62%
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48) Microsoft (MSFT) - Load it up 4.0, buy the dip has worked again with well-known stock.
Three purchases and avg. return from these are amazing 70%
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49) Match Group (MTCH) - it happens..
Current loss -53%
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50) Netflix (NFLX) - almost the same as Meta. Came quite sharply but the recovery has been also quick. Another proof is that technical analysis should give you a psychological advantage to buy these big stocks on deep corrections.
Current profit 153%
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51) NRG Energy (NRG) - Perfect weekly close, perfect retest…
Current profit 90%
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52) NVIDIA (NVDA) lol - let this speak for itself!
Current profit 735%
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53) NXP Semiconductors (NXPI) - usually the sweet spot stays in the middle of the box, and also as I look over these ideas quite a few have started to climb from the first half of the box. Touched the previous highs.
Current profit 74%
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54) Pfizer (PFE) - actually quite ugly, TA is not the strongest. Probably results-oriented but yeah..
Current loss -25%
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55) PerkinElmer - “after” is EUR chart but you get the point.
Current profit 25%
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56) Pentair (PNR) - worked correctly, 50% drop combined with the horizontal area, easily recognizable, and the results speak for themselves.
Current profit 124%
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57) Public Storage (PSA) - again, previous yearly highs and the trendline did the job.
Current profit 36%
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58) PayPal (PYPL) - the area just lowers the speed of dropping, but slowly has started to recover.
Current loss -14%
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59) Qorvo (QRVO) - slow, no momentum.
Current profit 10%
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60) Rockwell Automation (ROK) - previous yearly high again, plus some confluence factors.
Current profit 32%
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61) Rollins (ROL) - after posting it didn’t come to retest the shown area. Being late for a couple of weeks. Worked but cannot count it in, the only thing I can count is that my bias was correct ;)
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62) Snap-On Incorporated (SNA) - same story!
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63) Seagate Technology (STX) - firstly it came there! Look how far it was, the technical levels are like magnets, the price needs to find some liquidity for further growth and these areas can offer it. I like this a lot, almost all the criteria are in place there.
Current profit 73%
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64) Skyworks Solutions (SWKS) - one of the textbook examples of how trendline, 50% drop, round nr. and strong horizontal price zone should match. Still a bit slow and it will decrease the changes a bit.
Kind of BE
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65) TE Connectivity (TEL) - came down, and got a rejection. “Simple” as that.
Current profit 37%
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66) Thermo Fisher Scientific (TMO) - mister Ranging Market.
Current profit 19%
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67) Trimble (TRMB) - finally has started to move a bit. Got liquidity from previous highs again and..
Current profit 45%
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68) Tesla (TSLA) - made a split. Have been successfully recommended many times after that here and there but two years ago we traded in these price levels and..
Current profit 19%
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69) Train Technologies (TT) - dipped the box and off it goes! Epic!
Current profit 227%
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70) Take-Two Interactive Software (TTWO) - I like this analysis a lot. Worked as a clockwork.
Current profit 60%
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71) United Rentals (URI) - WHYY you didn’t reach there :D Cannot count it.
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72) Waters Corp. (WAT) - came to the box as it should be slow and steady. As the plane came to the runway.
Current profit 41%
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73) Exxon Mobil Corp. (XOM) - another escaped winner. Didn’t come down to retest my retest area so, missed it.
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74) Xylem (XYL) - perfect trendline, good previous highs, 50% drop from the peak and..
Current profit 76%
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75) Autodesk (ADSK) - took a bit of time to start climbing but everything looks perfect. Nice trendline, 50% drop from ATH, previous yearly highs - quite clean!
Current profit 66%
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The strategies above show how useful price action, key levels, and psychology can be for investing. By spotting breakouts, and pullbacks, or focusing on round numbers and past highs, technical analysis helps give traders an edge in understanding the market.
Regards,
Vaido
Tesla's Impressive RallyTesla Inc. has experienced a substantial upward surge, currently trading at $258.13 after a significant +21.13% move in a single trading session. The recent breakout is fueled by a combination of technical factors that suggest the rally may continue in the coming days.
1. Strong Breakout Above Resistance:
Tesla's recent price action broke past key resistance levels around $230 and $243, with the price surging above the 0.618 Fibonacci retracement level at $250.21. This clear breakout, coupled with a massive green candlestick, suggests strong bullish momentum.
The stock is now approaching the 0.786 Fibonacci retracement level at $260.30, indicating a potential target for continued upward movement.
2. Moving Averages Turning Bullish:
Tesla's price has surged above all major moving averages (20-day, 50-day, 100-day, and 200-day EMAs), which are now likely to act as support levels during any pullbacks.
The alignment of the EMAs, particularly the shorter-term averages crossing above longer-term ones, is a positive sign that the uptrend is gaining strength.
3. Volume Surge Confirms Momentum:
The recent breakout was accompanied by a significant spike in volume, indicating that the move was supported by strong buying interest. Such high volume on an upward day confirms that institutional and retail traders are confident in Tesla's future performance.
4. Bullish Momentum Indicators:
The MACD is showing a bullish crossover, with the MACD line crossing above the signal line. This suggests a shift from a bearish to a bullish phase, indicating that the recent upward move has solid momentum.
RSI is currently at 64.65, just below the overbought level of 70. This position indicates that there’s still room for Tesla to move higher before hitting overbought conditions, allowing for more potential upside.
5. Pivot Points and Fibonacci Targets:
Tesla is comfortably above its key pivot level at $243.12, suggesting that previous resistance has now turned into support.
The next targets for the stock are around the 0.786 Fibonacci level at $260.30, with potential to challenge higher resistance levels if the rally sustains its pace.
Tesla’s sharp upward movement, backed by strong volume, suggests that a new bullish phase has begun. As long as Tesla maintains its position above key support levels, especially above $243, the technical outlook remains promising. Investors could see this as a strong buying opportunity, with the potential for the stock to challenge new highs in the near future.