Hello Traders, welcome to today's analysis of Tesla.
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Explanation of my video analysis:
After the massive triangle breakout in 2020 and a rally of +1.500%, Tesla has been moving sideways for over two years now. Tesla stock is currently creating a triangle formation as well as a flag pattern. I am personally waiting for a clearer setup on Tesla before I will take longs - either a triangle breakout or a retest of the lower support of the flag mentioned in the analysis.
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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.
The trading opportunity now in TSLA is clear: short to 100 or even 67. 400 from 2021 is history. Gone, gone, gone. It will not be seen again. TSLA will need more years than the Nikkei needed to get back its high from 1989, after 35 years.
basictradingtv
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@bjorn2z, let's see, so far structure is (still) bullish...
bjorn2z
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@basictradingtv, Was bedeutet struktur ist bullish? TSLA is at the top of the channel you show. TSLA is proceeding to the lower edge of your channel at 67. If that breaks TSLA is going to 35, und dann 16, und dann 11. Revenue growth: slowing. Car prices: falling. Costs: rising. Margins: shrinking. FSD ist eine Lüge. There is nothing bullish for Tesla in der Zukunft. Bullish nur in ferner Vergangenheit. Um 2020. Tesla ist vorbei. Es ist total kaputt and tot.
basictradingtv
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@bjorn2z, maybe you are right (and maybe write your comments in English so other people know what you are saying?)
krisoz
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Nice analysis. Many traders/investors including me are on the same page. If there are positive news on optimus robo and FSD cars, and Elon getting what he wants (25% voting power) Tesla will break out into a long term bull run
400 from 2021 is history. Gone, gone, gone. It will not be seen again.
TSLA will need more years than the Nikkei needed to get back its high from 1989, after 35 years.