First of all, the price has broken above the downtrend line, and started to moving in a uptrend market.
However, according to the trading volumes, more chips are bought in the top area, meaning that there's strong resistance above the current price.
Therefore, I think the price might continue to fluctuated below the resistance area in a short term period.
Good morning everyone MB Trader here
Hopefully everyone is gearing up for a great week of trading:
Based on what we are currently seeing some current levels we will be hitting lower down to 150 range possibly lower if this market breaks down further.
Let me know what you think of the video; hate it , love it , want me to make more videos on something in...
NASDAQ:TSLA is forming a potential bearish Gartley on the four-hour chart, which would result in bullish price action on the C to D leg, as long as point C on the chart holds. Point C on the chart also corresponds to the daily 200 SMA, and is right above the psychological $200 level, which adds confluence to the long entry at $202.50.
NASDAQ:TSLA has clean channels on the daily chart, both to the upside and downside, for trading this week. TSLA closed just below the daily 10 SMA, which is the next key supply it must reclaim before going higher and potentially testing the daily 325 SMA and daily 50 SMA just above that. If it can reclaim the daily 50 SMA, along with NASDAQ:QQQ building a...
Based on what I see currently Tesla has hit its monthly target up: please see the red line. It appears we are heading on a bearish trend to the following red lines below.
Lets see how the market interacts in the coming months
MB trader
NASDAQ:TSLA has several daily demand zones converging below today's low. This may provide an intraday short opportunity tomorrow, followed by an opportunity to add equity long into these demand zones for a move higher in the coming days, as long as the daily 50 SMA is held.
TSLA (Tesla, Inc.) Stock Analysis:
Key Dates and Potential Market Movements:
1. August 23, 2024 - Potential Upside:
• Scenario: The chart indicates a potential bullish movement around late August 2024. This could be driven by positive earnings reports, advancements in Tesla’s technology, or an increase in market optimism around Tesla’s leadership in the EV...
The chart is still showing a bearish trend with the price trading within a descending channel, indicating a consistent downtrend.
Key Levels:
- $200 Resistance:
The failure to reclaim and hold above $200 reinforces bearish sentiment.
- 0.618 Fibonacci Support at $165:
This level is the next major support within the current downtrend. A break below...
NASDAQ:TSLA weekly chart shows that it is coming into key demand areas around $205 to $215. The weekly chart shows a Wyckoff accumulation phase since the 2021 all-time high at $414.50, with a spring during Phase C at the recent lows below $140. This corresponds to the bottom of the cup, with Phase D of accumulation corresponding to the handle. A close over the...
This is a Walk through of How i Took Advantage of the Giant Move on TSLA
Current Price Action:
The current price is $240.89, reflecting a decrease of $7.20 (or 2.90%).
Liquidity Zones (LQZ) / Take Profit (TP) Levels:
There are two marked LQZ/TP levels:
LQZ/TP 1 at $263.53
LQZ/TP 2 at $270.21
Support and Resistance:
Multiple dashed lines indicate key support...
NASDAQ:TSLA is ripping!
ℹ️ We haven't even crossed the zero line on the MACD Weekly, their is so much room to run on this name!
Short term 🎯$235
EOY 🎯$300
Today is 1000% a short squeeze day BTW! 🍋
NOT FINANCIAL ADVICE 🖖
TSLA
HELLO TRADERS
trend line : the price trade under resistance trendline , indicates the price is under bearish pressure , if the price breakout the resistance trendline reach to resistance level .
TURNING LEVEL : a gold rectangular a round 214.16 level , which indicates two cases , the first cases until the price breaking this level reach a...
NASDAQ:TSLA It is time 🦕$206.27 Gap Fill 🎯
X: @TheRonnieVShow
✅Bullish Falling Wedge breakout and retest
✅9 EMA bounce
✅MACD uptrend & continuation over zero line
✅Sitting on a volume shelf
✅31% short volume ratio = SHORT SQUEEZE 🍋
NOT FINANCIAL ADVICE 🖖
Musk Prioritizes Other Ventures Over Tesla: AI Chips Diverted to X and xAI
A recent leak from internal Nvidia emails obtained by CNBC has raised questions about Elon Musk's leadership of Tesla. The emails reportedly show Musk directing the chipmaker to prioritize shipments of thousands of artificial intelligence (AI) processors originally reserved for Tesla to...
TSLA has been compressing into a multi-year squeeze on the charts.
Whether it's the global economy going into a rough patch, the uncertainty of the 2024 US presidential election, or multiple wars happening in the East there seem to be a lot of potential market forces possibly pushing high multiple stocks down for the near future.
But Tesla as a company is on...
Upon analyzing TSLA (Tesla), we can see that it has been in a sustained downward trend. Notably, price has entered a critical support zone, exhibiting a double bottom pattern on the chart. Additionally, there has been a downward move beneath this double bottom, tapping into liquidity.
Given the significance of this support zone, I anticipate a reaction,...
