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TSLA trade ideas

TSLA Technical Analysis for Oct. 22, 2024Key Levels: Resistance Levels: 223.60: This level has been tested multiple times and seems to be a strong resistance. If TSLA manages to break above this zone, we may see a continuation toward the next level. 222.25: A slightly lower resistance zone that aligns with the descending trendline. A breakout here could indicate bullish momentum. Support Levels: 218.51: This is a significant support zone for TSLA. A break below this level could lead to further downside pressure. 217.89: Immediate lower support, if broken, suggests a move toward 215.72, the next major support level. 215.72: A more solid support level, but if breached, the price may test 213.75 or even lower towards 211.98. Technical Indicators: Volume: The volume seems to have diminished over the last few trading sessions, signaling potential consolidation. An increase in volume near any of the key levels will be crucial in confirming direction. Descending Trendline: TSLA is currently in a downward channel, suggesting bearish pressure. The price is hovering below the trendline, and a breakout above would be necessary to shift momentum. RSI/Momentum MACD: There is no significant divergence, but momentum is relatively flat, indicating indecision in the market. Watch for any sharp upticks or downtrends tomorrow. Trading Plan for tomorrow: Bullish Scenario: If TSLA breaks above 222.25 and holds with volume, you can consider a long position with a target around 223.60. A clean break above 223.60 could open the door for a move higher. Bearish Scenario: If TSLA drops below 218.51, expect further downside, with initial support at 217.89 and a more significant level at 215.72. If these break, we could see a test of 213.75. Disclaimer: This is not financial advice, and any positions taken should be based on your own risk tolerance. Always perform your own due diligence and consult with a financial advisor before making trading decisions.
NASDAQ:TSLA
by BullBearInsights
TSLA Technical Analysis for Tomorrow Oct. 21, 2024Ascending Channel Formation: TSLA is currently moving within an ascending channel, suggesting a gradual upward trend. This pattern often indicates bullish momentum, but if the price breaks below the lower trendline, it could signal a potential reversal. The price is consolidating near the lower part of the channel, indicating a decision zone—either it will bounce back higher or break downwards. Key Support and Resistance Levels: 223.62: This is the nearest resistance. A breakout above this level could open the way toward 230.00, a psychological resistance and upper trendline target. 220.89 and 220.16: Key intra-day support levels. If TSLA stays above these, the bullish structure remains intact. 217.93: Critical support level; if broken, it may trigger a move down toward the order block zone near 213.75. Order Block Zone (Accumulation Area): The green order block (highlighted zone) around 213.00 to 217.00 suggests that buyers have previously accumulated shares here. This area could act as strong support if price retraces back into it. MACD Indicator: The MACD histogram is currently showing bearish momentum, with the lines just below the zero mark, hinting at a possible pullback or slowdown in buying pressure. A bullish crossover near the zero line could signal renewed upward movement, but currently, the trend is indecisive. Volume Analysis: Volume appears to be declining during this consolidation phase, which is typical before a breakout or breakdown. Watch for a volume spike to confirm the next directional move. Possible Scenarios: Bullish Case: If TSLA holds above 220.16 and breaks 223.62, it could rally towards 230.00, staying within the ascending channel. Bearish Case: A break below the order block near 217.93 could send the stock down toward 213.75. If it loses this level, the next target could be 212.00. My Thoughts & Strategic Viewpoint: Long Setup: Consider going long if TSLA stays above 220.16, with a stop loss just below 217.93. Target the upper trendline or 230.00. Short Setup: If TSLA breaks down below 217.93, a short trade towards 213.75 could be favorable, especially if confirmed by a volume increase. Conclusion: TSLA is in a tight consolidation within an ascending channel. Traders should be prepared for a breakout or breakdown soon, with volume playing a key role in determining the direction. Staying nimble with clear entry/exit rules will be critical for capturing profits in this setup. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading stocks involves risk, and you should do your own research or consult with a financial advisor before taking any positions.
NASDAQ:TSLA
by BullBearInsights
TSLA Tesla Options Ahead of EarningsIf you haven`t bought the dip on TSLA: Now analyzing the options chain and the chart patterns of TSLA Tesla prior to the earnings report this week, I would consider purchasing the 210usd strike price Puts with an expiration date of 2025-9-19, for a premium of approximately $32.75. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Overall, I’m bullish on TSLA in the long run, so this might just be a short-term play.
NASDAQ:TSLA
by TopgOptions
1
TESLA Sellers In Panic! BUY! My dear friends, Please, find my technical outlook for TESLA below: The instrument tests an important psychological level 220.72 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 232.78 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
NASDAQ:TSLALong
by AnabelSignals
8
$TSLA - BEAR FLAG $174 PT, Medium Term PT $138 at Double BottomBear Flag is setting up nicely like the previously bear flag. Length of Pole - Measured downside move to a price objective of $174. There is also a major gap that hasn't been filled. The stock will eventually fill the gap with a support at a double bottom of $138. Overall, Tesla is more bearish and than bullish. Short on further downside. Fundamentally, it is trading at an egregiously overvalued Forward PEG of 6.53 and a forward PE of 81 while growth is expected to be stagnant YOY with no concrete evidence of renewed growth for the next year. Even if you assume the company gets back to 50% growth next year, its current valuation on forward PEG and PE would still be overvalued and would need time to grow into its valuation.
NASDAQ:TSLAShort
by TheTradingStar
1
Tesla 4-Hour Chart: Path to $191 or $261?Alright, trading fam, grab your boards—Tesla’s (TSLA) chart just served up a crucial break below $213.78, and things are starting to get spicy. Think of that level like a solid wave that held you steady for a bit—until it dumped you off the board. Now that the market’s broken out of the channel, we’re eyeing $191.20 as the next potential landing spot. This could be where the bulls regroup and paddle back in for another try, but if they miss the chance, the market might pull us further under. Now, here’s the exciting part: it’s not over for the bulls. If Tesla regains its footing and pushes above $223.70, that’s our green light to ride toward $261–264. This area is prime territory for locking in some early profits—it’s like the perfect wave where some surfers might hop off and call it a day. But if the bulls stay committed, they could break through that resistance and catch even bigger waves ahead. So what’s the plan? Below $213.78, we stay cool and watch for $191—it could be a solid zone to hop back on. But if we reclaim $223.70, we ride that momentum to $261 for a sweet first profit. No need to rush or panic—just like surfing, it’s all about waiting for the right set and not forcing things. If this breakdown gave you good vibes, boost it with a like or follow—let’s keep riding the markets together, one wave at a time. Mindbloome Trader
NASDAQ:TSLA
by Mindbloome-Trading
4
TSLA Technical Analysis for October 18, 2024Chart Overview: Price Range: $213.76 (current) Support Levels: $213.75: Immediate support level. $205: Strong support zone formed from previous price action. Resistance Levels: $221.33: Key resistance zone, tested multiple times. $224.98: Strong resistance; a breakout above this could signal a new upward momentum. Key Indicators: Volume: Noticeable volume around the current level indicates the possibility of accumulation. However, volume has slightly tapered off during the recent consolidation phase. Order Blocks: Significant buying pressure is seen in the $213.75-$221 range, which has become a critical consolidation zone. MACD: The MACD has crossed to the upside but with a relatively weak momentum. It suggests the potential for a bullish push if the MACD continues upward. Price Action: TSLA is currently trading within a consolidative range between $213.75 and $221.33. It has found support near $213.75, suggesting accumulation in this area. The price is struggling to break above $221.33, and further failure to break may lead to a retest of lower supports at $213.75 or below, potentially near the $205 mark. If the price can break above $221.33 and hold, a rally to the $224.98 level could be expected, where further resistance lies. However, a breakdown below $213.75 could lead to a stronger move downward toward $205 or lower. Directional Bias: Bullish if TSLA breaks above $221.33 with strong volume. Bearish if it breaks below $213.75, leading to further downside movement. Important Disclaimer: This analysis is for educational purposes and should not be considered financial advice. All trading strategies carry risk, and past performance is not indicative of future results. Always perform your own research or consult a financial advisor before making trading decisions. Why Some Traders Fail While Others Profit: Lack of Strategy Adaptability: While technical analysis (TA) may show clear levels, not every trader interprets the signals similarly. Some may react too soon or too late due to emotional triggers. Psychological Pressure: Emotions like fear and greed can cloud decision-making, causing some traders to sell prematurely or hold onto losing positions longer than necessary. Timeframe Mismatch: Day traders and swing traders using the same TA may enter and exit trades at different times, leading to different outcomes even if they are trading the same stock. For more detailed inquiries or personalized analysis, feel free to send me a private message!
NASDAQ:TSLA
by BullBearInsights
Tesla (TSLA): Stuck in a Range after Robo Taxi rumors fizzledAfter being stopped out on our second entry in Tesla, it's time to take another look, although it has been quite uneventful since the big rise on the Robo Taxi rumors back in July. It was a classic “buy the rumor, sell the news” event, showcasing how markets tend to price in events well ahead of their occurrence. Musk's statement that Cybercab production could begin "before 2027" is also seen as highly questionable, given his history of missed deadlines. Tesla recently got approval from local authorities near its gigafactory in Berlin to move forward with its three-stage expansion plan. Despite protests from locals, this approval allows the company to start building infrastructure for storage facilities, a battery cell test lab, and logistics areas. All of this will take place on land already owned by Tesla. Whether this expansion will be beneficial or problematic for the company remains to be seen in the coming months. Currently, we still have our limit order from $177 running, and things are looking alright. To better illustrate the situation, we added a fresh chart of Tesla’s range, which clearly shows the situation. After reclaiming the range middle in July, Tesla briefly dipped below but rebounded perfectly from $183, a critical POC (Point of Control). Since July, Tesla hasn’t made any new higher highs, nor has it made lower lows, placing the stock in a tight range. If Tesla loses the range middle, we could see a drop to $183 or even $160. On the upside, breaking above the range high would be essential for further momentum. It's crucial to focus on higher time frame levels and avoid getting caught up in short-term news or noise. We’ll continue to monitor Tesla’s key levels and update you if any significant movement occurs. 🤝
NASDAQ:TSLALong
by freeguy_by_wmc