As stated in the last TSLA trading idea, TSLA touched $260 and now reached a major support zone at $200 (0.5 Fibonacci Retracement Level), let's see how TSLA reacts to the support zone, next support level is at ~$180 (0.618 Fibonacci Retracement Level).
Elon Musk
Chief Executive Officer
It’s difficult to make an accurate guess at this point. Going back to what I said earlier that the ramp is going to be extremely difficult. And like I said, there’s no way around that. If we just try to do some copycat vehicle design, of which there are literally 200 models that are slight variations on a theme in the combustion...
TSLA had a strong rejection at the yellow resistance line, and has been dropping straight down several support levels over the past few weeks. The $240 orange support line was immediately lost, and TSLA just lost support at the $207.50 green support line. There is a lot of pessimistic news surrounding the sustainability of EVs, and TSLA had a poor earnings report...
I must admit that the news I have to share today is rather disheartening. It is with a heavy heart that I bring your attention to the recent revelation by Tesla Inc. (TSLA) regarding multiple subpoenas from the Department of Justice (DOJ). This development has cast a shadow of uncertainty over the company's future, leaving us with a sense of sadness and concern.
...
As an avid follower of the company, it pains me to share the disappointing news that TSLA has fallen short of investor expectations, leaving us with a heavy heart.
One cannot ignore the challenges that Elon Musk and his team are currently facing, particularly the unveiling of the highly anticipated Cybertruck. While the Cybertruck's unique design may have...
Concerns over Tesla's Volume and Margins Drop: Can the Cybertruck Compensate for Losses?
As you may already be aware, Tesla has experienced a noticeable drop in both its volume and margins in recent times. This decline has raised questions regarding the company's ability to sustain its profitability and meet investor expectations. While Tesla has been a...
Before the earnings hit this chart was a visual representation of askin' your girl, or guy, where they wanna eat. "I don't knowww!", neither did Tesla chads until the post market release. RSI breakin' low does seem legit though. Watch it reverses and full sends for a gap fill because of how rational markets are right now.
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...
in daily timeframe we have good risk to reward position..for confirm we should wait for breakout from green trend line and pullback and enter to position and fall :)
look at arrow way
Tesla is getting close to what appears to be a big move in either direction and right now I am leaning to the downside with a final target of ~$70.00 for a C wave bottom.
Safest bet would wait to see how this triangle that it is in plays out, but for higher risk/reward you could possibly start shorting now trying to catch a c wave top in this $256-270 area.
What...
Yes, I'm already short TESLA.
And I want to load my boat even more.
Here's why:
1. The grey up-sloping Pendulum Fork produces a big HAGOPIAN.
2. Price get's knocked on the head, every time it trades into the Sellers Zone. (Sellers are still there).
3. Red down-sloping Fork: Price got rejected at the U-MLH.
That's it?
Yes, that's it.
If you want the very...
Based on what I see, tesla is approaching the right side of the head and shoulder. and roughly gauging the current economic uncertainty and considering tesla's correlation to the market. I think tesla has high probability of reversing down towards 245 by the end of this week.
# TSLA
A battle going on here between the monthly low of JULY and the high of AUG, whichever way wins will be a test of the high for SEPT or the LOW for SEPT again!
Wait for the break of this range (240 range).
After confirmation, we can take a profit of almost 10% in the sell trade from this stock.
Confirmation: "The closing of the negative candles below this level and the close of other candle close to 238 (my entry point) is confirmation for this failure".
The bounce back to the Warning-Line seems to create another short.
Unfortunately there is no structure to hide behind.
Maybe this is a play for a Options Strategy, rather than a raw short?
Bearish energy right now, for this stock and the Market as a whole.
Coming up to a Low-Volume node on Market Profile.
Point of control on this is sub-200 (!)
I'm watching for continued weakness, and then a fall to 210-ish.
