TSLA has been trading around the 200 day moving average for the past week. A break below the 200 day moving average will target only the gaps under 600. The next moving average after 200 day ma to consider for a possible institutional buy level is unknown and usually not common to consider especially if a company had a strong earnings quarter. More than 60% of...
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Please like and share if you appreciate this market update. We are certified Elliotticians and publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding Elliottwave! Cryptos are updated every day of the week and on Saturday, if necessary. Traditional assets...
Tesla looks to potentially be going through a Wyckoff accumulation cycle. If confirmed, I would look to enter at the spring and for price to at least match its previous high (more likely to $1000 in my opinion).
Entered Tsla on a swing long strategy. Seems like price action is breaking down of a wedge that formed.
Supply area remains. Channel higher lows, consolidation, test, consolidation, followed by higher high, can it continue...? Notes on chart :)
Reasonable target price I would like to recommend is $750
Tesla, the most favorite stock for retail investors, is in search of 'E' in correction pattern of Elliott Wave, once 'E is confirmed, the bull run begins for the next wave up and it's bound to surprise with the big bull run again. ~Happy Trading.
i think it will bounce off of the line
TSLA on the daily time frame is still consolidating and most likely building a base to move higher or lower. In the past, S3XY algorithm, which is a back-tested algorithm using 11 years of data, has produced some amazing results and gains, especially when two major time-frames are consolidating and trading within a price range +/-20. At the time of this writing,...
Wedge pattern forming at the moment for TSLA. Price action for TSLA and NIO was very interesting on friday. Of course, NIO follows TSLA and heavy buyers came in to buy the dip on TSLA. For the first time in a while, TSLA outperformed SPY which to me is a bullish sign. I think momentum will carry TSLA now. Currently in TSLA options that are up 80% for next week...
In contrary to my other post which pointed out a bullish pennant, there is also a bear flag forming on the daily chart. This does not look good for bulls since if there is a break below the flag, it may turn nasty. Hence, it is better wait out before impulsively buying solely on the bullish pennant. Note: Not financial advice. I bring the evidence, you be the...
A bullish pattern is forming on the daily chart for Tesla, which is known to be a consolidating triangle/pennant. As we all know, TA is all about the price patterns repeating themselves. This can be a clear example of that. As you can see on the left, in 2020 we saw a clear consolidating triangle forming around $400-$500 range, and soon after, it broke out above...
NASDAQ:TSLA Yo! So.. Looks like a bullish sign! kind of crazy with all the news and reports... you can see on the snap all targets and resistance Have a nice week end ;) t347.
TSLA has the ability to test up to $718-$720 within the next week. If it can hold demand above the $701-$704 range after a test of those levels, the next price targets in the above range start at $729.40 with a high range of $749.30 Topside supply of this move comes in the ranges between $760 and $780. A break of this upper supply range gives TSLA the ability...
A good place to bid some TSLA may well be this ascending trendline that has confluence with the golden pocket of previous up leg Could treat it as a swing with stops below 619 and TP's around 815 Might make this trade on a crypto exchange to try the tokenised stonks out I hate charting the gaps. Bankers need to control the open and close so they can manipulate...