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Tesla Motors (TSLA)

$TSLA #Tesla Inverse Head & ShouldersNASDAQ:TSLA #Tesla Inverse Head & Shoulders The Inverse Head & Shoulders pattern is a popular technical analysis indicator used to predict a reversal in a downtrend. Here's a description: ### Inverse Head & Shoulders Pattern The Inverse Head & Shoulders pattern is a bullish reversal pattern that often marks the end of a downtrend and the beginning of an uptrend. It consists of three main components: two shoulders and a head, formed by three successive troughs with the middle trough (head) being the deepest. #### Key Features: 1. **Left Shoulder:** - The price declines to a new low and then rises to form a peak. 2. **Head:** - The price falls again, creating an even lower trough (the head), and then rises once more. 3. **Right Shoulder:** - The price declines for a third time but does not fall as low as the head, forming the right shoulder, before rising again. 4. **Neckline:** - A horizontal or slightly upward-sloping line drawn through the peaks between the left shoulder, head, and right shoulder. This line acts as a resistance level. #### Trading the Pattern: - **Identification:** - Look for a clear formation of the left shoulder, head, and right shoulder during a downtrend. - **Neckline Break:** - The pattern is confirmed once the price breaks above the neckline. This breakout signals a potential reversal and is considered a buying opportunity. - **Volume:** - Volume typically decreases as the pattern forms and then increases on the breakout above the neckline, adding validity to the reversal. #### Measuring the Target: - **Price Target:** - The projected price target is typically calculated by measuring the distance from the bottom of the head to the neckline and then adding this distance to the breakout point at the neckline. #### Example: If the bottom of the head is at $50, the neckline is at $60, the difference is $10. If the price breaks the neckline at $60, the target price would be $70 ($60 + $10). ### Summary The Inverse Head & Shoulders pattern is a reliable indicator used by traders to identify potential reversals from bearish to bullish trends. When identified correctly, it provides a clear signal to enter long positions, aiming for the measured target based on the pattern's structure.
NASDAQ:TSLALong
by AlgoTradeAlert
5
$TSLA bottoming soon around $131-137 and then push to $200?NASDAQ:TSLA looks to be close to making a short term bottom. Thinking we could see price find support in the $131-137 range and then with earnings see a push to $200 or so. NASDAQ:TSLA has been the leader to the downside and it looks to be nearing exhaustion. Would make sense for the leader to the downside to end up being the leader to the upside should the reaction to earnings be positive. Let's see. This week should be telling on the directional move for equities.
NASDAQ:TSLALong
by benjihyam
21
TESLA It has begun...Tesla (TSLA) is on almost a +5.00% rise today an aggressive reaction to the market news and technically extending an Inverse Head and Shoulders (IH&S) pattern as we mentioned on our previous analysis (see chart below): It is a good time to shift to the longer term time-frame of 1W, where this IH&S pattern is a bottom formation that Tesla has registered before all of its major long-term rallies. The one that looks from cyclical start to finish with today's pattern is the period of 2014 - 2016. Once the price broke above the 1W MA50 (blue trend-line) on that pattern, Tesla started a rally that peaked on the 1.382 Fibonacci extension level. Observe similar the 1W RSI patterns are as well between the two Cycles. If the stock repeats that Fibonacci target, we can get a price as high as $700.00. That is of course a very optimistic scenario but even the more pessimistic one, has a (dotted) Channel Up targeting its top on the 3.5 Time Fib at around $400, which is almost the All Time High (ATH) for Tesla. As a result, we see $400 as a real posibility for the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
2
RIVN falls to fair value for swing LONGRIVN is here on a 30 minute chart with VWAP bands and a dual time frame RSI added. Price fell from the top of the trend up after the last earnings. It is now between the mean anchored VWAP and the first lower VWAP line which is where the reversal occurred on May 8th. I will look for an entry long on a lower time frame chart. I am looking for a 1.75 move up toward the second upper VWAP line in this trade while risking 0.25 making the reward for the risk taken about 7.
NASDAQ:RIVNLong
by AwesomeAvani
TSLA: Key Support Levels and Potential Breakout (1H/D charts).Hourly Chart: Critical Support at 167.75 The hourly chart for TSLA highlights a crucial support level at 167.75, reinforced by the 50% Fibonacci retracement, marked in yellow. This price area acted as a support twice, one time in May 10, and another one in June 11, indicating its importance. The purple ascending trendline suggests a potential upward movement if the support holds. However, the resistance level at 186.88, marked by the black line, must be closely monitored as it has repeatedly acted as a barrier to price advances. Daily Chart: Congestion and Key Levels On the daily chart, the congestion zone around 167.75 is evident, indicating a period of price consolidation. This congestion area suggests indecision in the market, often preceding a significant price move. The key resistance at 186.88 aligns with the hourly chart, making it a crucial level for us to watch. A break above this level could signal a potential breakout, while a failure could lead to a retest of lower support levels. The 186.88 level is a significant resistance point. A break above this level, confirmed by strong volume, could indicate a bullish breakout, providing a potential buying opportunity. If the support at 167.75 fails, the next significant support level is at 138.80, marked by the black line. This level should be monitored for potential buying opportunities if prices decline further. Key Considerations - Support Holding: The double support at 167.75 has shown strength. Its ability to hold in the future will be crucial for any bullish scenarios. - Breakout Potential: The congestion and repeated tests of resistance at 186.88 suggest a significant move is imminent. We should be prepared for a potential breakout or a sharp move downwards if resistance holds, and if its price misses the short-term support lines seen on the hourly chart. Conclusion The TSLA charts suggest a period of consolidation with critical support at 167.75 and resistance at 186.88. We should closely monitor these levels for potential trading opportunities. A break above the resistance could signal a bullish move to the $206, while a failure to hold support might indicate further downside. 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.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
TSLA : Big Resistance Ahead ? (READ THE CAPTION)By analyzing the #Tesla stock chart, we can see that the price has once again reached the supply zone at $185 and has been unsuccessful in breaking through the resistance. For this reason, our previous analysis remains valid. We need to see when this decline will finally start! The supply zone is between $191 and $206, and the bearish targets for this stock are $168, $153, and $139 respectively. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
NASDAQ:TSLAShort
by ArmanShabanTrading
4
TSLA : its now or never!TSLA is coiling to make a large directional move. The Question is...up or down? With August appraoching quickly, this could be a key pivotal shift in TSLA business model Once they announce their ROBO - TAXI, this could be a huge winning success for the company and stock . A ROBO - TAXI could be a mega disruption for many sectors and companies. I think theres a strong chance that investors are going to start bidding up this name ahead of that 1st week of August in anticipation of the massive launch. Keep in mind with every new launch comes hiccups and capital expenditures so its not always smooth sailing. Lets face it though...no other company has attempted this yet and if anyone can have success it would be Elon. I also think now that Elons pay package has been approved, he really is incentivized to grow this business. Will his Optimus Robot be the new taxi, uber or Lyft drivers?
NASDAQ:TSLA
by Trading-Capital
12
Chapter 10 | Tesla Bankruptcy Update - Next Stop: Ch. 11I first identified the Tesla short in April 2022 (linked to this post). Since then we have seen a -75% selloff, followed by a ferocious BAILOUT in January 2023, only to be left for dead at -55% from ATH. Although the Elon-EV cult remains in utter denial, the facts are the facts. Electric vehicles, car vending machines, "the future", robots, aliens, crypto trucks, crypto wallets, crypto dipto, whatever other narratives correlate, are all done. Over. ... wait a minute.. wait a minute.. Am I suggesting that Tesla was actually "bailed out". Yes. Think about it. This cult has become so far-reaching that people were allocating significant portions of their retirement into the Tesla #EV #cult #fantasy... that's a problem. So the company was bailed out in January 2023, some time was "bought", and now here we are. Going nowhere 🤣, as the market enters yet another correction / selloff phase. Only this time, there won't be a multi-trillion dollar stimmy-bailout. Ya'll, this market is SATURATED with fraud and tall tales. Example: Tesla is valued higher than the "Big 3" combined. But Tesla 🤣 has less than 6% of the automotive market share. Think about that. This is a level of speculation that makes 1929 look like a game of Candyland... all thanks to podcasts and social media.
NASDAQ:TSLAShort
by ChiefMacro
TESLA My Opinion! SELL! My dear subscribers, TESLA looks like it will make a good move, and here are the details: The market is trading on 182.99 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 178.20 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
NASDAQ:TSLAShort
by AnabelSignals
1
TSLA Elliott Wave Insight: A Bullish Path AheadTechnical Analysis of TSLA Based on Elliott Wave Theory Overview Based on the Elliott Wave Theory, we observe that TSLA has commenced a fresh impulse wave from the bottom of January 2023. This new wave marks the beginning of wave I in the red cycle degree, which concluded at the peak of July 2023. Following this, wave II in the red cycle degree began moving downward and concluded at the bottom of April 2024. It is crucial to note that wave II did not retrace beyond the start of wave I, confirming that the Elliott Wave principles have been adhered to. The bottom of wave I was at $101.43, and wave II concluded at $138.86, which is within the acceptable range. Now, wave III in the red cycle degree has started its upward journey, which is expected to show significant strength and momentum. Typically, wave III can extend up to 161.8% of wave I, implying a strong bullish trend. Subdivision of Wave III Within wave III in the red cycle degree, there are five subdivisions expected, labeled as wave ((1)) to ((5)) in the black primary degree. Currently, we have embarked on wave ((1)) in the black primary degree, which itself should also subdivide into five smaller waves labeled wave (1) to wave (5) in the blue intermediate degree. - Wave (1) and Wave (2) in Blue Intermediate Degree: These waves have already been completed. - Wave (3) in Blue Intermediate Degree: We are likely in the early stages of this wave now. Characteristics of Wave III Wave III is often the longest and most powerful wave in the Elliott Wave sequence. Here are some key characteristics and signs to watch for: 1. Momentum and Strength: Wave III usually exhibits the strongest momentum and covers the most distance in the shortest time compared to waves I and V. 2. Volume Increase: There is often a significant increase in trading volume, reflecting heightened investor interest and confidence. 3. Impulsive Nature: Wave III is impulsive, meaning it moves in the direction of the larger trend. This is often driven by fundamental news and investor sentiment. 4. Extension: It is common for wave III to extend, reaching up to 161.8% of the length of wave I. 5. Subdivisions: Within wave III, there should be clear five-wave subdivisions in lower degrees, following the typical Elliott Wave structure. Roadmap and Invalidation Level The roadmap for TSLA suggests a bullish trend ahead, supported by the structure of the waves and the characteristics of wave III. The key invalidation level to watch is $138.86. As long as this level is not breached, the bullish outlook remains valid. - Wave III Target: Ideally, wave III could extend to around 161.8% of wave I. - Key Invalidation Level: $138.86. If TSLA breaks below this level, it would invalidate the current wave count and necessitate a reassessment of the wave structure. Conclusion The Elliott Wave analysis of TSLA indicates a strong bullish trend with the commencement of wave III in the red cycle degree. This wave is expected to show substantial strength and momentum, with a likely target near 161.8% of wave I. As long as the invalidation level of $138.86 holds, the bullish bias remains intact. Investors and traders should watch for the key characteristics of wave III and monitor the wave subdivisions closely to confirm the ongoing wave structure. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:TSLALong
by RK_Chaarts
4
Does Fibonacci Really Work?It's hard to understand how the Fibonacci sequence presents itself in price action. I remember I used to think it was nothing more than lines drawn in a chart in a fancy manner. However, as I began to learn about probability distributions, I began to understand where the sequence reared its head into price action. Although I don't fully comprehend the theory behind the Fibonacci retracement, I did find a mathematical demonstration that proves price action and this sequence are related. You can find the demonstration in the link below. I'm unsure, but I believe this is peer-reviewed. www.researchgate.net However, you will notice that this approach is extremely different to the Fibonacci retracement. They look nothing alike. However, it's an interesting concept which could Shead light into understanding the fractal that governs price action. One of which is the Sierpinski triangle So does the Fibonacci retracement actually work? Well I don't know, but there is only one way to find out, so lets try it
NASDAQ:TSLALong
by DarkMessiah777
A better DCA strategy that you need to start using. We all know about Dollar Cost Averaging positions over time. However allow me to introduce you to a weighted DCA strategy that gets you a tighter average and retains additional capital over time ready to be allocated at "better prices". First take your monthly $ allocation to your desired Ticker *For this example we use $400 added monthly and TSLA as the Ticker We break the monthly add into 1/4ths So if we have $400 That = 4 lots of $100 dollars. Set an Auto buy to $100 (as well as auto div reinvest if there is one) *This feels like we're leaving too much on the table and not invested, but this is what gives this strategy the sauce. *We use the Daily chart over a year timeframe for consistency. If RSI is >= 60 we leave the auto buy of $100 (1/4) as is and save the remaining 3/4s to allocate at another date. If RSI is >= 50 -60 we buy another 1/4 ($100) (totaling $200 or 2/4s of monthly allocation) If RSI is <= 30 we allocate the other 3/4s ( $300 ) for a full 4/4s monthly allocation _We will also @ RSI <= 30 allocate 1/4 of all saved monthly allocations As seen in the Chart this occurs in Feb of 2024 where we buy $400 ($100 auto buy + $300 manual) and from $1300 reserves we've accumulated we use $325 to purchase additional shares. This leaves us in great shape, we have a much tighter avg while also maintaining funds ready to specifically purchase more shares at a better price without the fomo. The monthly breakdown of DCA'd shares looks like this Shares DCA'd Jul .35 Aug .789 Sep .794 Oct .773 Nov 1.94 Dec .84 Jan .84 Feb 3.90 mar 1.06 Apr 1.225 may 1.109 Jun 1.13 14.75 shares over 1 year Total Invest $3025 AVG/Share $205 (9% better Avg than regular DCA) W/ $1775 available for RSI < 30 situations Any questions/ opinions welcomed. Good Luck out there.
NASDAQ:TSLALong
by AngryBuhda
TSLA Shares Revive After Shareholder MeetingTSLA Shares Revive After Shareholder Meeting Last week, Tesla held a shareholder meeting where the main events included: → Shareholders approving Elon Musk’s $56 billion compensation package in TSLA stock options; → Relocating the company’s legal headquarters to Texas; → Elon Musk’s statements on robotics, asserting that Optimus robots could make Tesla a $25 trillion company. Approving the massive compensation eliminated the risk of Musk leaving the company (which would likely have caused a sharp drop in TSLA stock price). The billionaire thanked shareholders and today, 18 June, posted on X (Twitter) announcing that he is working on a new master plan for Tesla’s development, likely focusing on the prospects of Optimus robots. Additionally, news emerged about the launch of Tesla Model 3 sales at a new price in China. This spurred activity in the TSLA stock market. According to today’s TSLA stock technical chart: → The price is in a downtrend (shown in red); → Throughout May, the price fluctuated with low amplitude around the $177 per share level – this led to the ADX indicator dropping to minimal values. However, recent events suggest increasing volatility. → If Musk’s increased activity with Tesla gains investor support, this could lead to heightened demand and a bullish breakout of the median line of the red channel; → The price may then continue to form an ascending channel (shown in blue), which is becoming more apparent – for instance, rising towards the upper boundary of the red channel. However, analysts remain sceptical for now. According to TipRanks, the average 12-month price target for TSLA shares is $176.96 (a 5.59% decrease from current levels). Read analytical TSLA price forecasts for 2024 and beyond. Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
4
TSLA / NVIDIA / INTC - The rotation trade?TSLA has been upderperfing the market, but is now showing some signs of potential life since Elon musks pay package was approved. A bullish breakout pattern is on watch. NASDAQ:INTC looks ready for a bullish move. Just like NASDAQ:ADBE & NASDAQ:TSLA popped on earnings, it looks like NASDAQ:INTC could be the next oversold S&P500 stock to bounce. If we see any weakness in NASDAQ:NVDA we may see capital rotate into other cheaper semis. S&P500 setting nee ATH.
NASDAQ:NDX
by Trading-Capital
5