On the 1-month chart NASDAQ:TSLA has lost its 10-session average , a chart widely followed by large traders, which may condition a bearish momentum in the medium term . 1 Month Since November 2021 the price has been immersed in a counter-trend bearish channel with a final target at the floor of the long-term bullish channel ($100). Before that, it will...
Technical Analysis: - Tesla is doing a wave I in red. - H1 and H4 right side is turning up Technical Information: - If you want to buy, you must wait for wave II in red once it's completed
Technical Analysis: - As you can see, wave (II) in blue has been completed and wave I in red is in progress - Wave ((1)) and wave ((2)) in black have already been completed from wave I in red - H1 & H4 right side is turning up - Invalidation level 1 can't be crossed in short term Technical Information: - If you're a swing trader, wait for wave ((4)) in...
Tesla Inc. (TSLA) is on a strong 1D green candle, approaching the 1D MA50 (blue trend-line0 for the first time since the August 04 break. The 1D MACD just completed a Bullish Cross yesterday indicating that the stock has confirmed the start of the new Higher High sequence towards the top of the year long Channel Up pattern. This could be either near the 2.236...
Tesla NASDAQ:TSLA Earnings today Wednesday 19th July (AFTER close) A reminder that prior to a similar major megaphone breakout in 2019 resulting in 161% increase in 32 days, we FIRST had a 10% pull back off the upper megaphone resistance. I believe this resistance at the $300 - $314 level for Tesla (See Chart). I am expecting a pause or pull back here of...
Is Tesla's stock likely to turn bullish into bearish? This chart shows the weekly candle chart of Tesla's stock over the past two years. The top to bottom golden section of November 2021 is superimposed in the figure. As shown in the figure, Tesla stock has already surpassed the 1.618 position on the golden section in the past two weeks, and is about to...
Technical Analysis: - TSLA is doing a WXY structure where the wave X in blue is in progress - We expect that the correction will end when wave Y in blue will be completed at around 130 ~ 140 - WARNING : The invalidation level in green can not be crossed but if it's crossed then TSLA will go into more down side - TSLA H1 and H4 Right Side is turning up. So we...
Technical Analysis: - TSLA is still doing a WXY corrective structure in wave ((2)) in black - TSLA H1 and H4 right side is turning up Technical Information: - Don't buy TSLA now - Wait for wave ((2)) in black to be completed at around 140
As we can see in our weekly chart, Tesla(TSLA) is continuing to do the correction in wave 2 in black. - Around $150 we expect the smart buyers as it's a buy edging area - Around $250 we expect sellers - Around $190 we expect a big decision in Tesla(TSLA) to follow PATH 1 or PATH 2. We also need to follow correlation with NASDAQ and SPX Indices. Now the Right...
Hello and good day to all! As of now Tesla just broke out of its downward trendline and wants to push to the upside.. as you can see in this chart the price needs to push through the red portion on the Ichimoku cloud and make the 135.59 lVL of Resistance into Support in order to move up. If we can change this LVL into support, we will be looking at testing the...
Tesla Inc (TSLA) broke today above its 1D MA50 (blue trend-line) for the first time since September 22 2022. This is a major bullish break-out on the medium-term as every time it did so inside the long-term Bearish Megaphone pattern, the price rose by around +27.50%. The 1W RSI is on a bullish reversal bottom pattern and as the price is also above the Lower Highs...
Tesla Inc (TSLA) is having one of the worst months in history, breaking below the 1M MA50 (blue trend-line) for the first time since October 2019. The 1W RSI hit the oversold level (30.000) similar to May 2019 but that alone may not be enough to give the stock the much needed Support. Even though on the May 2019 low the price rebounded just above the 0.382...
TESLA, INC A very strong and sharp drop could return Tesla stock to the lowest points
Tesla (TSLA) has been trading within a long-term Channel Down pattern since the November 04 2021 All Time High (ATH). Since then we've had two clear Lower Highs (top of Channel) and three Lower Lows (bottom) with the most recent one being on November 09. That alone can call for a new medium-term rebound within the pattern, but the strongest buy indicator at the...
Tesla (TSLA) confirmed the Bull Flag from our last analysis one month ago and broke out of it while holding twice the Higher Lows trend-line from the June 16 Low: The last touch was three days ago and naturally that is giving the stock a short-term (at least) boost. The price completed the 1D MA50/ MA100 Bullish Cross last month but now is ahead of the...
Tesla (TSLA) is trading within a Channel Down ever since the August 04 High, which following the rally since June 16, whose Higher Lows trend-line is intact, can be viewed as a technical Bull Flag formation. This pattern is common after strong rallies and Tesla's has been more than +50% within a 3 month span, with profit taking on the medium-term coming as a...
SIDEWAYS I think tesla stock will have a trading range for couple of years. you can see the range targets in the chart . . . . . . . . . I hope you enjoy.
Our last analysis on Tesla (TSLA) was exactly 1 month ago, where we stated the importance of breaking above the Lower Highs trend-line in order to initiate a rally: As you see, the Double Bottom accurately signaled the end of the correction and the break above the Lower Highs, the start of a new rally. The rally is technically the sequence to a new Lower High...