We have been selling off for weeks. Since we have seen some consolidation in the zone and start to show sign of a higher high and higher low in the daily, we are bullish right now for a weekly trade or monthly trade.
Levels mentioned on the chart.
TESLA has been in a downtrend for quite some time now.
The medium term trend still remains down but the recent up moves and bounce back from .61 retracement level accompanied with good volumes suggest an upmove.
Strong medium term resistance zone between 244-246, hence targets are kept below the zone.
By Animesh Vashisht,...
Price got denied heavily from going further for now from around 260 USD and it seems like a logical point for a pullback as well. Hard to believe that we would drop from here but it will be a struggle for sure more near we get to sub 290 USD. Wouldn't be such a surprise to see same kind of nukes next time also.
Pre-markets indicate a positive open for TSLA stock, which might signal further upside potential at these levels, being close to cross its 100 day SMA and critical resistance at the 247.78 price level. CCI is currently strong at the 159 level, accompanied with a positive CMF. We will be waiting for strong Volume to confirm price action, before initiating a long position.
TSLA price has broken out from a 6-months ranging inside a descending channel.
On top of that, price has steadily climbed along SMA20 and made a bullish cross over SMA50.
This had given further confirmation on a new uptrend which started in early June.
Taking the price level at early June as the swing point low stoploss, this trade would give a decent risk...
TSLA expected to rise up to 1st resistance at 253.4 where it could potentially react off and drop down to 1st support at 227.80.
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TSLA is at a pivotal crossroads. A potential cup and handle is nearly complete. A wedge has formed that is begging Tesla to go up or down. Tesla is nearing the top of the downtrend channel, and currently fighting at the 50-day moving average. All that with the P&D report coming on July 2 or 3. If the numbers are good, breakouts of the cup and handle, wedge, 50 day...
NASDAQ:TSLA Abre sobre el retroceso de Fibonacci de 0,786 de, luego tocó la MA 50 y retrocedió hasta 224,7. Sube 1,28% en el día de hoy. Se mantiene dentro de la tendencia bajista por el momento. De romperla al alza podría irse hasta 242,3 donde hay una resistencia histórica para luego irse hasta 258,7 donde se encuentra también una de las líneas de retroceso de Fibonacci.
After a bad quarter and demand "problems/concerns" the stock is now in a good deal territory, uptrend is right on it's way!. Have been following this story for a while and now I can see a big gains comparable to late 2016. This will be a long term trade right here let's see where it's at by the end of the year, just a couple of reasons why I feel so bullish in...
Just like the drop in Bitcoin to 3000, it was hard to detect the bottom when it was the bottom. TSLA similarly still has a potential drop back to 180 or we could even catch a wick into the 140's. When TSLA is $400, it won't matter what part of the low 200's you got in on.
Chamath Palihatipiyah formulated it perfectly: People who bet against this company are incredibly short sighted. They don't see the bigger picture here.
Tesla is a company like Amazon in the early 2000s.
Tesla is like Bitcoin 8 years ago.
It is one of the companies with the greatest upside potential ever.
The shorters get caught up in all the FUD stories,...
In the recent pullback price has dropped to the Value Area Low for the period from 2013 onwards, and right to the bottom of the profile where a low volume node stopped the drop since Feb 16. It is also the location of the yearly S2 pivot.
Buying now represents great value in relation to the last 6 years prices, and for long term investors in particular. Placement...