Tesla bear planCongrats if you were short Tesla before today!
Not to kill the vibe or anything, but I see a gap that may want to close before Tesla falls further. I think the downgrade issued today was justified. I like $180 - $160. If the gap doesn't close then we could see these prices in the very near term.
These moves in Tesla always happen fast, if you weren't already short Tesla before today, wait to see if it comes back and closes the gap before getting into a position. There will be dip buyers and 3 standard deviation moves on any given day are common for this stock, but the stock should still find its way lower.
Tesla Motors (TSLA)
TESLA: Bullish Continuation is Highly Probable! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy TESLA.
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AMD?interesting chart. i have the AVWAP at the 52 week low showing confluence with the support trend line. after earnings and fed speak we broke out the channel. were coming close to geting above the 0.68 fib retrace from last high 132/133ish area.
were also tradin above the 200-100-50 moving averages
that can also be a giant bull flag and cup and handle and all those measured moves take you to key areas. idk if it gets there or when. but just a text book looking chart right now.
$TSLA #Tesla, just dump it...The TSLA chart indicates a notable presence of lower gaps that are yet to be filled. These lower gaps signify potential areas where the stock might experience downward movements to reach previous price levels. The current situation suggests that if the support levels represented by rectangles do not hold, there is a higher likelihood of rapid downward penetration.
Investors and traders should closely monitor these support levels as they play a crucial role in determining the stock's future trajectory.
TESLA Breaking below the 1W MA50 again but NOT a BUY yet.Three weeks ago we mentioned the importance of the All Time High (ATH) Lower Highs trend-line on Tesla (TSLA) and how critical it would be for the price to finally break above it for the first time in more than 2 years:
The 'Do or die moment' as we called it failed to deliver and the price got emphatically rejected on the Lower Highs for the 5th time. This rejection has brought the price below the 1W MA50 (blue trend-line) yet again on pre-market. The natural zone of Support now is the January 06 2023 Higher Lows trend-line (Cycle bottom) and the April 27 2023 Higher Lows (dashed) trend-line. As long as it holds, we expect a short-term bounce and another test of the ATH Lower Highs trend-line.
If the stock breaks above the ATH Lower Highs, we will buy for a long-term rally and target 345.00. If the price breaks below the (dashed) April 27 2023 Higher Lows, we can expect a bottom as low as even 180.00, which is the Lower Lows (bottom) trend-line) of the Channel Down that started on the July 19 2023 High. If the 1D RSI though breaks first the 30.00 oversold barrier, we will take the profit on shorts and turn into a long-term buy (Target at $345.00 again) as every time the RSI turned oversold at 30.00, since December 2022, it was the most efficient buy opportunity we could get.
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TSLA SHORT with leverage TSDD ETFThis 1.5X leveraged ETF inverses the price action of TSLA with some amplification.
From the continuance of inflation, to Hertz liquidating 20,000 EVs ( prominent among them is
TSLA) in favor of return to ICEs to the rise of BYD in China and the ever present Musk in the
news like firing Space X employees without due process, TSLA is challenged and analysts
are calling for lower projected stock price. This is a way short TSLA at a lower price and risk.
The 2H chart shows a bullish HA candle today as price crossed over the longer trend following
moving average. Likewise, the RSI lines crossed over the 50 level rising from lows to end 2023.
This is an inexpensive stock without an options chain that has 60% near term potential should
it rise to its early November high at $28 A 0.5 Fib retrace of its down trend from that high in
November would bring price to $22. I will target $22 for 75% of the position and make the 25%
run for the $28 target while a stop loss of $.50 will allow for a normal range while rising to
the targets. I will raise the stop loss to break even after price rises by 0.55 and set a trailing
stop of $.50 once price rises by $0.75. I expect the trade to be in profit early and then
continuously increasing after that with a good backstop. TSLA's quarterly report comes out
on January 24th; this catalyst could accelerate profit if the report is less than expected by
investors and analysts. On the other hand, a fairly tight stop loss of about 3% will protect
the trade against a good earnings/revenue report whicch would surprise many.
loss of
TSLA_1WTesla shares are in the position of buying and long-term investment
In Time Weekly, there is a possibility of the formation of the head and shoulder pattern of the floor, and with the breaking of the upward trend line, it is a confirmation for the growth and value of Tesla shares, which can advance the 500 target.
The main and important support is the 215 range.
TSLA and GME showing a very strong correlationI was just looking at both TSLA and GME on the hourly and low and behold, these charts are almost identical. Both inside falling wedges, and both with double bottoms. I'm unsure of the exact fundamentals on this one, but the charts do show that they are moving in unison. Keeping close eye on this.
TSLA: Has finally reached its critical support (D & W analysis)!TSLA shares have corrected to the support level we identified in our last public analysis, in the vicinity of the green line at $230, between the 50ma and the 200ma. In fact, it looks like the 200ma is serving as our last support, since the price is bouncing right back after hitting this indicator. The link to my previous public analysis is below this post, as usual.
Volume has fallen sharply and TSLA's shares are very weak, as it is the only one among the "magnificent 7" that is not showing any signs of recovery this week.
In two weeks the company will release its earnings report, and this will be an important event, but until then, we don't see any technical signs suggesting a bottom. Yes, the price has reached an extremely important support point, but we need to see confirmation of a bottom signal to believe in a decent recovery.
Despite the signs of weakness, the price is not in a downtrend yet, for that we need to see LHs/LLs. Now, let’s look at the weekly chart:
From a technical point of view, the next resistance is around $300, the previous top. Can TSLA get there? In theory yes, but in practice we need to see a clear bottom signal, as mentioned in the analysis of the daily chart.
You have to admit that if TSLA were going to react, now would be the perfect time, we just need confirmation. On the other hand, if the price loses the critical support point on the daily chart, nothing would prevent a sharper correction on the weekly chart, perhaps to its next support around $207, or even to the support line of its Descending Channel. This would frustrate the breakout of the previous resistance of this channel, characterizing a false breakout, a powerful bearish signal.
If you ask my personal opinion, I wish to see TSLA making a bottom around this support area, as the Risk/Reward ratio for a long trade would be attractive, however, we see no confirmation yet, and there is no meaningful bullish reaction suggesting a possible recovery yet.
I’ll keep you updated on this, so consider following me for more analysis like this, and support this idea if you liked it.
All the best,
Nathan.
Falling wedge breakout on TSLA hourlyLooking at the massive falling wedge breakout on TSLA hourly chart. Also notice the oscillator on the Ultimate RSI, just crossed north of 50 and looks like it wants to retest those +70 levels once again. The next supply zone sitting at $240-$242, if we break through that the next zone after that will be $248-$250, and if we break that we should see $255-$265. If not we will break back down to demand at $235-$230. This and NVDA breaking out, along with AAPL could bring a nice lift back up for SPY...
Tesla - Expecting The BreakoutHello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
All the way back in 2019 Tesla broke out of a longer term falling triangle formation. This breakout was followed by a crazy pump of more than 1.500%. At the moment Tesla is once again forming a falling triangle formation and if Tesla breaks above the resistance trendline which I mentioned in my analysis, we could certainly see another crazy rally with new all time highs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
TSLA Trendline RetestTSLA breakout failed to end the year but is now currently backtesting the trendline. It's been surfing the 200 EMA, and If that holds, this seems like a great risk reward spot to go long. A red to green open would provide a great entry. 5 straight days down and then a doji candle smells like a possible reversal as well. Initial Targets $250 $265
💹 TSLA next week prevision 💹Bearish beginning of the week looking for 100% of movement 3 of the Elliot wave. It can go down to the 231.16 area at least. Afterwards it can have a slight rise looking for movement 4 to 238.85 minimum to continue falling to 225.51 or more. In general bearish trend during this week with few options to go long.
$GM Ready for Flat Base Breakout?NYSE:GM I have an alert set right on this flat base resistance line. Should it trigger I will go long with a stop just under the days low. See chart for more details.
Wolfe Research Upgrades General Motors to Outperform From Perform
Jan 4, 202408:27 EST
General Motors Company
GM has an average rating of outperform and price targets ranging from $27 to $95, according to analysts polled by Capital IQ.
Short $TSLA at $260. Target $77As you can see from the chart, TSLA broke down from a flag, hit the flag target and then bounced.
What makes the most sense to me here is that the flag gets retested as resistance before falling further.
That would make the top target around $260 around 6-8% higher.
If that level gets tagged, then I think that would setup a great short opportunity down to the $77 final support on the chart.
Let's see how it plays out.
TESLA: Trading plan.TSLA has turned neutral on the 1D technical outlook (RSI = 46.287, MACD = 3.350, ADX = 20.984) as it dropped to its 1D MA50. On the short term the most optimal buy entry is at the bottom of the Channel Up (TP = 279.00). If it breaks, we will sell towards the S1 level (TP = 206.15). The next long term buy (again to target 279.00), will be when the 1D RSI forms HL (as in the last two bottoms).
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Cathie Wood’s Ark Invest Sells Coinbase, Buy Tesla ($TSLA)
In a recent bold move, Cathie Wood's Ark Invest has strategically reallocated its investment portfolio, selling off millions of dollars worth of Coinbase ( NASDAQ:COIN ) shares amidst a crypto market downturn and acquiring substantial positions in Tesla ( NASDAQ:TSLA ) stocks. This strategic shift reflects Ark Invest's active fund management approach and presents an intriguing narrative for potential Tesla investors.
Ark Invest's Coinbase (COIN) Divestment:
On January 2, Ark Invest, led by prominent investor Cathie Wood, sold a significant portion of its Coinbase holdings, offloading 166,183 NASDAQ:COIN shares worth over $25.3 million. The move coincided with a challenging period for the crypto market, marked by a substantial decline in Coinbase's stock price from a recent high of $187.39. The decision to divest from Coinbase seems to align with Cathie Wood's apparent bearish stance on Bitcoin, anticipating a market correction following the potential approval of spot Bitcoin ETFs by the SEC on January 10.
Strategic Purchase of Tesla ( NASDAQ:TSLA ) Stocks:
Simultaneously, Ark Invest strategically utilized the proceeds from the Coinbase share sales to acquire Tesla ( NASDAQ:TSLA ) stocks, increasing its holdings by purchasing a total of 105,201 NASDAQ:TSLA shares worth nearly $25.3 million. This move not only underscores Ark Invest's dynamic investment strategy but also positions Tesla as a key focus for the firm.
Reasons to Consider Tesla Stock:
1.Strategic Allocation of Funds:
- The reallocation of funds from Coinbase to Tesla suggests that Ark Invest sees considerable potential in Tesla's growth prospects, despite the short-term challenges faced by the electric vehicle (EV) sector.
2. Market Trends and Technical Analysis:
- Despite a 4.01% decline in Tesla's stock price on Thursday, technical indicators such as trading above the 200th, 100th, and 50th day Moving Averages signal a potential trend reversal.
3. Long-Term Vision for Electric Vehicles:
- Tesla remains a frontrunner in the electric vehicle market, with an established brand, innovative technology, and a global footprint. As the world continues to shift towards sustainable energy solutions, Tesla's long-term vision aligns with the growing demand for electric vehicles.
4. Innovations and Future Catalysts:
- The company's ongoing commitment to innovation, including advancements in autonomous driving technology and plans for new vehicle models, positions Tesla as a key player in the evolving landscape of the automotive industry.
Conclusion:
Cathie Wood's Ark Invest has made a strategic and notable move by selling off Coinbase shares to bolster its holdings in Tesla. This shift not only reflects Ark Invest's proactive approach to portfolio management but also highlights the firm's confidence in Tesla's potential for future growth.