Tesla TSLA 4hr potterboxTesla is forming another top here at $295.95. depending on where we open and the direction of the trend this could keep going up tomorrow, It will be interesting.
TSLA trade ideas
Interesting month for Tesla Nice spike after Trumps win. Not sure if this was an overreaction. Tesla's been on a downtrend and a rising wedge was in play. I think a close this month above $315 would be bullish. Below that $315v and a pullback to the downward channel would confirm a double top and bearish.
Tesla - This Will Be A Wild Ride!Tesla ( NASDAQ:TSLA ) is deciding about its future in the next 8 days:
Click chart above to see the detailed analysis👆🏻
During the next 8 days - until this monthly candle closes - we will see whether or not Tesla will enter the next major bullrun. Currently Tesla is trading at the important triangle breakout level after dropping about -20% this month so far. The future of Tesla will depend on this breakout.
Levels to watch: $160, $200, $270
Keep your long term vision,
Philip (BasicTrading)
Tesla Weekly ChartBroke out of inverse head and shoulder around 220 levels, was a buying opportunity. moving up towards resistance around 300-315.
TSLA pullback to $255MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
(buying TSLQ)
Price at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM spiked positive
Price at Fibonacci levels
In at $285
Target is $255 or channel bottom
Stop loss is $290
short TeslaTSLA going to 240 after Q3 deliveries and robotaxi then will drop further in earnings to 215, based on option levels.
There is a chance tha the beat Q3 deliveries but I think the beat is price in so it may go up at first the trend lower.
will see how it plays out.
Tesla: tripple support !!! ist this a good omen ? With tonight's earnings report we are right at a tripple lt support region, so if we break, the target is 160. Otherwise 270!!!
TESLA LONGTSLA is bottoming, for that we are sure. It is currently sitting above a major historical level after breaking back above it, potentially backtesting it as support. You can see the clear level as shown below.
If we take out the double bottom then I think we have a very likely chance of heading all the way to 150, where the next major level is and where we would buy in again.
Tesla’s Power Move: $300 Broken, $322 in SightUpdate:
Good morning, trading family. It’s your guide, Mindbloome Trader, here to remind you to trade what you see.
Tesla has broken through $300 and is holding strong. If it keeps this momentum, $322 is a realistic target. However, if it slips below $300, it could just be pausing before its next move.
Stay patient, follow the trend, and trust the process. Let the market show you the way.
Mindbloome Trading/ Kris
Trade What You See
Tesla’s Perfect Storm: A Technical Signal You Can’t IgnoreSince Tesla’s share price peaked around $415 in 2021, it has undergone a complex correction phase. This correction aligns with what is known in technical analysis as a WXY pattern. Understanding this structure provides insights into potential future movements in Tesla’s stock, which has experienced considerable fluctuations over recent years, driven by both macroeconomic factors and evolving market sentiment.
In examining this WXY correction, we identify that the W and X waves each unfolded as zigzag formations, reflecting significant adjustments in market positioning. These patterns are typically characterised by sharp movements, marking the phases where the price retraced in response to external pressures and overvaluation concerns. Yet, the most intriguing aspect of this corrective phase is the final Y wave, which we interpret as a contracting triangle, labeled as ABCDE.
A contracting triangle is often indicative of consolidation—a period where buyers and sellers reach an equilibrium before a decisive movement. In Tesla’s case, the triangle structure within the Y wave suggests the end of this prolonged correction. This structure concluded in October 2024, reaching a significant bottom around $212.11. This level is now crucial for future price projections. As long as this $212.11 level holds, it establishes a strong foundation for a potential upward trajectory.
From a technical viewpoint, maintaining this level supports a bullish outlook for Tesla, with a target range of $500 to $600 per share. Reaching this range would mark the completion of wave 5 of 5, indicating a final impulsive rally before Tesla undergoes a more substantial correction. This prospective movement aligns with typical wave theory expectations, where an impulsive phase follows a corrective sequence, leading to potential gains.
Tesla’s position in the market, driven by its innovation, expanding product line, and industry leadership, adds weight to this.
TSLA Today Nov. 7 2024Tesla has formed a clear ascending channel, indicated by the upper and lower trendlines. The recent price action shows a series of higher highs and higher lows, which typically suggests an uptrend.
The price is near the top of this channel, suggesting potential resistance. If it breaks above the upper trendline with significant volume, it could signal a continuation of the bullish trend. Otherwise, a reversal or a period of consolidation within the channel is likely.
Key Levels:
Resistance: Around $290 - The price has repeatedly tested this area and could face selling pressure here.
Support: Around $273 - This is a support zone within the channel where buyers might step in if the price pulls back.
Lower Support Zone: Around $250 - In case of a significant pullback, this area might serve as a key support level to watch.
Volume & Momentum:
Volume has been relatively high on upward moves, which is supportive of the trend. However, it’s important to monitor if volume sustains, especially near resistance.
Indicators MACD appear to be overbought, signaling a possible cooldown. Watch for bearish divergence if the price tests the channel's upper boundary without a new high in momentum.
Potential Scenarios:
Bullish: If Tesla breaks above $290 with strong volume, it could aim for new highs above this level. Intraday traders might look to scalp or hold a position through the breakout with caution around each resistance.
Bearish: If TSLA rejects the $290 level, it could test lower levels within the channel, around $273 and potentially down to $250 if sellers gain control. This could provide shorting opportunities on rejections at the resistance or a breakdown below $273.
Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Always do your own research or consult a financial professional before making trading decisions. Remember that all trading involves risk, and past performance does not guarantee future results.
Accelerating Ahead: Is Now the Time to Invest or Should You WaitOverview: Tesla Inc. (NASDAQ: TSLA)
Current Price: $288.53 (as of November 7, 2024)
Sector/Industry: Consumer Discretionary / Automobiles
Tesla has been on a remarkable upward trajectory, reaching new highs. Investors are now contemplating: Is it prudent to enter at current levels, or should one wait for a potential pullback to optimize the risk/reward profile?
Key Levels and Price History
52-Week Range: $180.00 - $288.53
One-Month Range: $250.00 - $288.53
Support Level: $270.00
Resistance Level: $300.00
Upcoming Dates to Watch
Next Earnings Date: January 25, 2025
Dividend Payment Date: N/A (Tesla does not currently pay dividends)
Ex-Dividend Date: N/A
Valuation and Metrics
P/E Ratio: 68.84 (above industry average)
Free Cash Flow:
Recent Quarter: $2.5 billion
TTM: $10 billion
Dividend Yield: N/A
Institutional Holdings: 55%
Short Interest: 3% of float
Recent Price Action & Technical Indicators
Weekly Trend: +5%
Monthly Trend: +10%
RSI: 65 (approaching overbought territory)
Moving Averages:
50-Day: $260.00
200-Day: $220.00
MACD: Positive divergence, indicating upward momentum
The RSI nearing overbought levels suggests caution, as a pullback may be imminent.
Comparative Valuation
P/E Ratio (TSLA): 68.84 vs. Industry Average: 20.00
P/B Ratio (TSLA): 15.00 vs. Industry Average: 3.00
EV/EBITDA (TSLA): 40.00 vs. Industry Average: 10.00
Tesla's premium valuation underscores its growth potential but also indicates higher risk if market sentiment shifts.
Growth & Financial Health
Revenue Growth (3-Year CAGR): 30%
Projected Revenue Growth (Next 2 Years): 25% annually
Debt-to-Equity Ratio: 0.5 (moderate leverage)
Cash Reserves: $20 billion
Current Ratio: 1.8
Notable News & Social Sentiment
News Highlight: November 6, 2024 – Tesla announced a strategic partnership with a leading battery manufacturer, boosting investor confidence.
Social Buzz: Positive discussions on platforms like Twitter and Reddit, with investors optimistic about Tesla's future prospects.
Competitive Comparison
Ford Motor Company (F): $10.55, P/E 15.00, Revenue Growth 5%
General Motors Company (GM): $45.20, P/E 10.00, Revenue Growth 3%
Investment Analysis: Entry Now or Wait for a Pullback?
1. Entry at $288.53 (Current Price)
Target Price (TP): $320.00
Potential Upside: $320.00 - $288.53 = $31.47
Percentage Gain: ~10.90%
Stop Loss (SL): $270.00
Potential Downside: $288.53 - $270.00 = $18.53
Percentage Loss: ~6.42%
Risk/Reward Ratio: 10.90% (reward) / 6.42% (risk) ≈ 1.70
Entering at $288.53 offers a moderate risk/reward ratio, with potential gains outweighing potential losses. However, the proximity to overbought RSI levels suggests a cautious approach.
2. Entry at $270.00 (Wait for Pullback)
Target Price (TP): $320.00
Potential Upside: $320.00 - $270.00 = $50.00
Percentage Gain: ~18.52%
Stop Loss (SL): $250.00
Potential Downside: $270.00 - $250.00 = $20.00
Percentage Loss: ~7.41%
Risk/Reward Ratio: 18.52% (reward) / 7.41% (risk) ≈ 2.50
Waiting for a pullback to $270.00 provides a more favorable risk/reward ratio, offering greater potential gains relative to potential losses. This strategy aligns with a more conservative investment approach.
Price Forecast Scenarios
Optimistic: $320.00 (assuming continued bullish momentum)
Neutral: $300.00 (aligning with current resistance levels)
Pessimistic: $250.00 (testing lower support levels)
Conclusion
Tesla's recent performance reflects strong growth and positive market sentiment.
Aggressive Entry (Today's Price, $288.53): Offers potential for short-term gains but carries higher risk due to near overbought conditions.
Conservative Entry (Pullback to $270.00): Provides a better risk/reward balance, ideal for those seeking a more cautious approach.
Verdict: While both strategies have merit, waiting for a pullback to $270.00 offers a more balanced entry point, allowing investors to capitalize on Tesla's growth potential with reduced risk.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Investing in stocks involves risk. Always conduct your own research and consult with a financial advisor before making any investment decisions. Use this information at your own risk; I am not responsible for any outcomes that do not align with expectations.
75% gains TSLA Best Level to BUY/HOLD🔸Hello traders, today let's review 12hour price chart for TSLA.
Recently we gapped up on higher volume, we got two liquidity
gaps below market overall this indicates strength, having said
that there is heavy fresh overhead supply zone so expecting pullback.
🔸Fresh supply zones at 400/375/305 usd will provide liquidit for
a potential pullback in TSLA. fresh demand zones located below market
at 230/235 usd and 190 usd. most likely limited downside below fresh
liqudity at 230/235 usd.
🔸Recommended strategy bulls: expecting measured move pullback
once we trigger fresh supply zone near 300/305 usd, bulls should
wait for the pullback to trigger fredh demand/liquidity zone at/near
230/235 USD. BUY/HOLD after pullback TP1 375 USD TP2 400 USD.
75% gains potential for patient traders. good luck!
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Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
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Can it break the 300 only to fall again or start new trendIt is at the point of resistance in a big way, as this has been the turning point for this stock for many years. In some instances, it has broken, but as the weekly clearly shows, multiple attempts have been made to permanently break this area and start a new pattern in an uptrend move. It will test this area but see if it can convincingly break this area behind. Levels are bought, but the uptrend continues.
Long TeslaTesla recently broke out of an ascending triangle formation an is likely on its way to test the $400 all time highs as it prepares for the robot taxi market and Tesla robots.
TESLA: Hit the July 2023. Doesn't look it will stop before $400.Tesla is approaching the overbought state on its 1D technical outlook (RSI = 68.976, MACD = 8.690, ADX = 38.748) but the 1W chart still on healthy enough levels (RSI = 63.761) to keep fuelling the uptrend despite today's enormous +15% rise approximately. The reason is that the double testing and hold of the 1W MA50 in October kickstarted Phase 2 of the bullish wave of the 2 year Channel Up. That can keep rising until the 1W RSI is well overbought. The first bullish wave completed a +194.25% rise at the top of the Channel Up, so there is no reason to expect otherwise on the current wave also. That is our long term target (TP = $400).
See how our prior idea has worked out:
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THE STOCK GAUNTLET CONTINUES! TESLA - $TSLA - 4/17⚔️🛡️ THE STOCK GAUNTLET CONTINUES! ⚔️🛡️
STOCK/ TRADE SETUP UPDATE: 4/17
4⃣ NASDAQ:TSLA #Tesla
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NASDAQ:TSLA
TSLA - Tesla
Tesla is increasing salaries for staff at its Grunheide plant in Germany and converting 500 temporary jobs to permanent, indicating ongoing growth at the facility, which employs around 12,000 workers.
Will the Year of Tesla Begin?Tesla has been trading in a symmetrical triangle structure for the past 3.5-4 years.
Finally it has broken over the resistance line (in orange).
Can Robotaxi + FSD be a strong catalyst for this movement? I think so. Barring any disaster with the Nov elections or any global crisis, I think Tesla will make quite the significant move.
I've been seeing a lot of heavy short term and long term bullish Tesla flow.
PT: 425 by Dec 2025.
Notable Options:
425C 6/25 (Keeping an eye on this) approx 65% upside.
Wannabe "Apple of Cars"While Apple continues to captivate with its sleek designs and cultural significance, this company offers only utilitarian minimalism and conformity as it's brand image. The much-hyped Cybertruck was expected to be a game changer, but seeing one on the road is more akin to encountering a roach—an instant jump scare and a hideous design misstep. At this rate, Llon's empire might be poised for a market bounce with the whelming news about robo taxis, and I’m ready to short it when the time comes.
TSLA - Still a Buy But Be Patient!!!Hope you read my last TSLA idea and bought a little Tesla! When it comes to fundamentals, the most important fundamental is innovation!! Is a company innovating and making new projects which creates new wealth for shareholders?
Well Tesla is that company and it is still a BUY in my book. However I would let the market cool off here from the Post election rally.
This is going to be one of those companies that you want to hold period, this is an Apple, NVDA, AMZN type stock which continues to push the boundaries of technology and that is what I want to own.
If you have other companies that are pushing the boundaries of technology, put them in the comment section so I can take a look.
TSLA: Insanely Bullish! What to Expect Next? | D & W charts.In our previous analysis, we identified that TSLA was looking for its 21-week EMA, a classic region of support, where a very good reversal signal materialized.
Now, the price has resumed its previous uptrend, and we see it breaking through the most crucial resistance point at $265, which we also warned about in our last public study, the link to which is below this post.
Now, let's update you on the key points to keep an eye on.
Daily Chart (Left)
Gap Closure: Tesla has closed a significant gap from July 2023 at $289.52, which could act as a resistance level. Remember that gaps work as magnets when tthe price reverses. This gap closure often signifies an area where the stock might face selling pressure as previous buyers look to exit.
Support at $265.13: Previously a resistance level, this $265.13 area now serves as a future support based on the principle of polarity. Holding above this level would be a bullish signal, while a drop below might suggest weakness.
EMA Support: The stock is trading above its 21-day EMA, suggesting ongoing bullish momentum in the near term.
Weekly Chart (Right)
Approaching Next Resistance at $299.29: The weekly chart shows the next significant resistance level at $299.29. A break and hold above this level could open up more upside, potentially attracting more bullish interest.
EMA Support on Weekly: Similar to the daily, the 21-week EMA is supporting Tesla’s price, adding confidence for bullish traders.
Conclusion:
Tesla's chart shows bullish momentum with recent gap closure near $289.52 and support from the $265.13 level. Even if we see a top signal, the $265 area is supposed to be our next technical support level, and a pullback wouldn't ruin the bullish thesis to the $300 area - in fact, it would probably just be another buying opportunity, near a support level, when the R/R ratio is optimised. There is no technical evidence suggesting that it could correct for now, but we need to watch the price action very closely, as TSLA's price has just closed an important gap.
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.
Is Tesla Poised for Growth in a Shifting Industry?Tesla, the electric vehicle (EV) pioneer and technological innovator, continues to captivate investors worldwide. Despite recent market volatility and economic uncertainties, a bullish outlook for Tesla's stock persists, driven by several key factors.
1. Continued Dominance in the EV Market
Tesla's early entry into the EV market and its relentless pursuit of innovation have solidified its position as a market leader. With a strong brand reputation, cutting-edge technology, and a loyal customer base, Tesla remains well-positioned to capitalize on the growing demand for electric vehicles.
2. Expanding Product Lineup
Tesla's diversified product portfolio, including the Model S, Model 3, Model X, Model Y, and the Cybertruck, caters to a wide range of consumer preferences. The company's ability to introduce new models and enhance existing ones keeps it ahead of the competition.
3. Autonomous Driving and AI Leadership
Tesla's ambitious autonomous driving program, Autopilot, and its advancements in artificial intelligence (AI) position the company as a frontrunner in the development of self-driving technology. Successful implementation of full self-driving (FSD) capabilities could significantly increase the value of Tesla vehicles and generate substantial revenue from autonomous ride-hailing services.
4. Energy Storage Solutions
Tesla's energy storage solutions, including Powerwall and Powerpack, offer efficient and sustainable energy storage options for residential and commercial applications. As the demand for renewable energy grows, Tesla's energy storage business has the potential to become a significant revenue driver.
5. Global Expansion and Infrastructure
Tesla's global expansion strategy, coupled with its expanding Supercharger network, is enabling the company to reach new markets and solidify its presence in existing ones. As more countries adopt stricter emissions standards and invest in EV infrastructure, Tesla is well-positioned to benefit from this trend.
6. Strong Financial Performance
Tesla has consistently delivered strong financial performance, with increasing revenue and profitability. The company's ability to generate cash flow and invest in research and development is crucial for its long-term growth.
7. Elon Musk's Visionary Leadership
Elon Musk's charismatic leadership and unwavering commitment to innovation have been instrumental in Tesla's success. His visionary approach and ability to inspire a passionate following have contributed to the company's strong brand and loyal customer base.
Potential Risks and Challenges
While the outlook for Tesla is generally bullish, it's important to acknowledge potential risks and challenges:
• Intense Competition: The EV market is becoming increasingly competitive, with traditional automakers and emerging startups investing heavily in electric vehicles.
• Supply Chain Disruptions: Global supply chain disruptions, particularly related to semiconductor shortages, could impact Tesla's production and delivery timelines.
• Regulatory Hurdles: Navigating complex regulatory environments, especially in different countries, can be challenging for Tesla.
• Economic Uncertainty: Economic downturns and recessions could negatively impact consumer spending and demand for luxury goods.
Despite these potential challenges, Tesla's strong fundamentals, innovative products, and experienced leadership team position it well to navigate the evolving automotive landscape. As the company continues to execute on its strategic plans, investors remain optimistic about its long-term growth potential.
Conclusion
Tesla's compelling growth story, coupled with its strong financial performance and innovative products, makes it an attractive investment opportunity for many investors. While it's important to conduct thorough research and consider the risks involved, a bullish outlook for Tesla's stock remains justified.
