$SPY $537 Fair Value Gap fill incoming imoFVG sits below at $541.61-$536.89 ..... Current 6 count could prove bearish into the 7th count on 10D chart. Very interesting chart showing what would essentially be a Bearish Harami off this Inside Doji. The 10D candle starts tomorrow 7/23 and ends 8/7 so basicaally accumlate as many puts as possible between then and now. If we move above the Open on the Doji at $554.54, then we can start talking about bullish behavoir. For now though, the gap above at $566.7 was rejected and I will be looking for a downside move from here to $540 as previously noted in a recent session. Chao.
Tesla Motors (TSLA)
$NVDA heading toward critical support / LONG ENTRY @ SUPPORT NASDAQ:NVDA shares have traded lower after touching on previous target ($!40) highs.
Expecting the potential for more draw-down to $95 - $97, which keeps us at the midline for trend support (bullish).
Eyeing long opportunities at that support level, with firm stop-loss below.
Expect volatility with the TVC:VIX exploding to $29+ in today's trading session.
I am long NASDAQ:NVDA with a $32 cost basis..
Currently holding 3/25 expiration $130 calls with a 20% ROI, so far.
TSLA: Dangerous Price Action - Next Key Points to Watch.The daily chart displays a recent challenge at the main mid-term resistance level around $233.09, where the stock has struggled to maintain upward momentum, marking this as a significant resistance zone, which was a previous support level, another example of the Principle of Polarity in Technical Analaysis.
This resistance, coupled with multiple rejections at this level, suggests a strong overhead supply that could cap further price advances in the short term. What's more, this resistance area is reinforced by the 21-day EMA. TSLA would have to break this key resistance as soon as possible to turn bullish again, otherwise, it'll seek its next support levels.
A critical gap support observed at approximately $213.23 serves as the immediate fallback level. This area could be pivotal if the stock retreats further, as gaps often act as psychological markers for traders and may offer support or trigger accelerated selling if breached.
On the weekly timeframe, support area around $205.30 (previous resistancce), supplemented by the 21-week EMA, provides a broader view of the stock's structural support. This confluence of support levels not only highlights a potential stabilization zone but also frames the downside risk if market conditions deteriorate.
Tesla's stock movement near these key technical levels—resistance at $233.09 and support at $213.23 and $205.30—offers a clear narrative of a tug-of-war between bullish aspirations and bearish pressures. The interplay between these levels should be closely monitored, as a decisive breakout or breakdown could set the tone for the stock’s direction in the coming weeks.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Stock Market | TSLA NVDA AAPL AMZN META GOOG MSFT AnalysisQQQ Forecast
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Nvidia Stock NVDA Forecast Technical Analysis
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Amazon Stock AMZN Forecast Technical Analysis
Meta Forecast Technical Analysis
Tesla Stock TSLA Forecast Technical Analysis
TSLA Tesla Options Ahead of EarningsIf you haven`t bought the dip on TSLA:
nor sold this regional top:
Now analyzing the options chain and the chart patterns of TSLA Tesla prior to the earnings report this week,
I would consider purchasing the 235usd strike price Puts with
an expiration date of 2024-12-20,
for a premium of approximately $29.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Should you be selling your #Bitcoin for #TSLA right now?These types of rotations and range trades offer investors fantastic opportunities
if these relationships continue.
We have seen this for Bitcoin and it's ratio's to stocks/metals & altcoins is not a one way trade as it ONCE used to be.
2009 - 2017 was the golden #crypto era when gains were the easiest to acquire.
However the low hanging fruit has been totally plucked, as #BTC's returns have crawled to not much more (or sometimes less) than the leading stocks of the day.
I still maintain a $140-145k price target for this cycle for bitcoin
But I also have a very aggressive long term price objective for #TESLA of $1000
(which is around 3 trillion dollars market cap)
Could Tesla Blast off to Mars #TSLA to $999IF
I am seeing
what I think may be occurring.
This would represent a 10X from the lows of 2022
do you think that is possible
It's marketcap would be over 3 trillion dollars
not unreasonable if he pulls off a mission to Mars.
We need to keep an eye on TSLA and possible future SpaceX IPO's
TESLA The Target Is UP! BUY!
My dear subscribers,
My technical analysis for TESLA is below:
The price is coiling around a solid key level - 219.92
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 241.88
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
NAS100 US100 NASDAQ - LONGHi guys!
After the crazy political events (Biden resignation, Trump win odds around 60% - Kamala 30-35%) - The NASDAQ has reached my levels of interest for LONGS.
Area I marked on the chart is the first point I started building the long position .
I want a nice swing position for a 2% move up minimum (50% FVG) with a chance to reach All time highs supply area possibly .
Please note:
- Alphabet (GOOGLE) and Tesla (TSLA) earnings report on Tuesday after session,
- Observe the political stage and the odds.
VIX 20 years Later !What will fuel this next Bull Market?
#AI and exponential gains in productivity seem like a fair bet.
The technology won't manifest properly in the next few years of course.
But the speculation and new companies will.
20 years ago we saw the trendline of the #VIX break
coming out of 9/11 and right around the time of the Iraq war
Military spending, Lowering of rates, a Housing boom , and the rise of Google and culminating in the iphone.
Seems eerily similar to the current #macro environment
TSLA weekly chart shows confluence.NASDAQ:TSLA weekly chart shows that it is coming into key demand areas around $205 to $215. The weekly chart shows a Wyckoff accumulation phase since the 2021 all-time high at $414.50, with a spring during Phase C at the recent lows below $140. This corresponds to the bottom of the cup, with Phase D of accumulation corresponding to the handle. A close over the weekly 200 SMA, currently at $232, will give room to the weekly 150 SMA supply. Reclaiming these weekly supply zones may lead to a break of the weekly handle, and a push up to the final weekly supply zones of the weekly upper Bollinger Band and upper weekly 100 linear regression channel ahead of $300 during Phase E, which may start at the end of this year or into next year. The trade is invalidated below the weekly 20 SMA, which is currently at $187.
TSLA: Time to React? (D&H charts).As we warned in our last study, resistance at 265 was extremely dangerous, and prevented the uptrend from persisting.
In addition, TSLA's price lost critical support levels, which reversed the trend in the short term, materializing the pullback on the daily chart that I mentioned in my last public study here on Tradingview, the link to which is below this post.
Now, TSLA's price is trying to react around its support level near the open gap at 213.23. If TSLA fails to materialize a bullish reversal at this support area, we can expect more bearish continuation, and the next target would be 205.30.
So the timing is critical, and it all depends on how TSLA closes this week.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
$TSLA Tesla Trendline test coming upThe medium term downtrend was broken and we are headed back to test that breakout at $228.
With the volatility in this share it wouldn't surprise me if we close the gap at $213 as part of the trendline test.
If the trendline holds it could offer another buying opportunity.
Earnings expected on 23 July and this remains a speculative buy.
FORD - ICE predominates EV falters LONGFord has scaled back its EV ambitions in consideration of the marketplace while TSLA drops
its price in the Eurozone and falls into less than first place in the China EV market. Ford's
F-150 truck continues to dominate GM and the others in North America.
On the 4H chart, first a price uptrend and then retrace to the 0.5 Fib level and a reverse into
a new trend up. A pair of EMAs shows an impending golden cross also suggested by
the zero lag MACD. The two RSI lines ( 60 minutes and 480 minutes fast and slow) are
rising and about to cross the 50 level.
I see this as a long entry for Ford. Targets based on major pivots in 2023 are 13 and 14.25
TSLA does the upcoming RoboTaxi announce change things LONGTSLA has the accouncement upcoming. Price will pump for sure. Will it then dump or
change the trend altogether? The forecasts are there. The tea leaves and crystal balls
will tell the rest of the story. In the meanwhile, I will take long trades to play this in
the immediate term. One million taxis making $250 / per day every day per each is
serious potential future growth perhaps at the expense of UBER and LYFT which may get
a bearish bias in the short term on this upcoming announcement. Playing the news
sometimes works.
TSLA basing on its volume profile for a trade LONGTSLA on the highly reliable weekly chart is at the bottom of its volume profile in the lower
part of the high volume area. The TTM Squeeze Indicator ( TTM = Trade the Market John Carter)
has printed a signal for four weeks. The RSI faster and slower lines are near to the 50 level.
The mean relative volatility has steadily decreased and this is in an increasing squeeze state.
This is a setup for a patient trader to take a position in a swing trade. I am looking for a trade
into the upper part of the high volume area and so to the 240-280 range. I will get some shares
as well as a few call options for November (ITM). TSLA will be subjected to a number of
variables making the trade a bit risky including the Musk compensation battle, the China
economy, competition with Chinese EVs in Europe, federal rate actions and the presidential
elections as well as the evolution of self-driving. It is TSLA's volatility that makes it a great
trade. My entry signal here is a TTM indicator going black to white.
Musk's Warning to Gates Backfires: Tesla's Mixed Q2 ResultsApproximately a week ago, Elon Musk cautioned Bill Gates against shorting Tesla stock, suggesting potential negative consequences. However, the situation has shifted, with Tesla's stock price experiencing a significant $20 drop following the release of its earnings report in the aftermarket.
Tesla's Q2 2024 results were a mixed bag, leaving many questions unanswered. While sales increased by 7% compared to the previous year, overall revenue from car sales declined. This news is concerning for investors who primarily view Tesla as a car manufacturer.
Additional points of interest for investors include the timeline for the release of Tesla's new range of affordable vehicles designed to compete with aggressive Chinese manufacturers, which is expected in the first half of 2025. Moreover, the company has postponed plans for increased factory productivity and the unveiling of self-driving vehicles until 2025 and October 2024, respectively.
The lack of clear communication from Elon Musk and his team regarding these developments has contributed to investor uncertainty and subsequently impacted the share price.
Key takeaways from Tesla's Q2 2024 results
Earnings per share (EPS) : $0.61, down from $0.91 in Q2 2023 but up from $0.45 in Q1 2024.
Revenue : $20.16 billion, a 5% decrease compared to the same period last year, but a 16% increase from Q1 2024's $17.38 billion.
Deliveries : 444,000 vehicles, exceeding expectations but still 5% lower than the same period last year.
Several factors have contributed to a decrease in demand for Tesla vehicles, including high-interest rates, which make financing vehicle purchases more expensive for consumers. Additionally, the impact of Tesla's aggressive price cuts from the previous year is diminishing, and competition is intensifying, particularly in the Chinese market. In the domestic market, Tesla is losing ground to competitors like General Motors and Ford.
Despite these challenges, Tesla's share price had experienced a 33% increase in the first eight days of the month, adding $209 billion to the company's valuation.
Looking ahead
The weekly chart indicates that Tesla's share price has rebounded from its April 2024 low of $140, surpassing the 200-day simple moving average (SMA) and the falling trendline from November 2021. Buyers will aim to reclaim the September 2023 high of $278 before targeting the 2023 high of $300. Immediate support levels are at $230 (200 SMA) and $223 (falling trendline). A drop below these levels could lead to the 100 SMA at $210 becoming a potential downside target.