Time for a bouce?🧐 $TSLA Price target $205🧭We are bouncing off the wedge. Upside price target before we meet resistance is $205 🧭Longby JK_Market_Recap2
Tesla’s Pivot: Getting Ready For a Bullish WaveTesla’s Pivot: Getting Ready For a Bullish Wave Tesla is testing a very strong support zone which corresponds also to Harmonic Pattern zone. This could be the perfect time for Tesla to resume the bullish trend again. During the last 4 months the price decreased by nearly -48% and this could be also a strong reason for the buyers to join the party again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Longby KlejdiCuni1010160
Update plan with TeslaUpdate plan with Tesla Tesla stock has touched the daily line which is good support, however you need to consider taking partial profits when the price hits the price holding zone that is eventually broken down which is also the horizontal resistance level. In case the price continues to break out of that horizontal range, we will continue to hold the order. On the contrary, if the price does not break through, we wait to buy in the demand area 128-122 and hold the order until the end of June and the end of July. Good lucky !!!Longby EricGoldHunter5
$TSLA May/August Breakout CycleHere we are charting NASDAQ:TSLA May/August corrective breakout cycle. Like clock work, TSLA will reach a low in May and proceed to accumulate to a massive breakout by, very near to or before August. These breakouts are massive and can yield substantial gains for the patient investor. In addition TSLA is displaying a classic corrective pattern which can be traded on any chart where it develops. The Corrective wedge. TSLA however is not a stock you want to wait till the end or near the end of the Wedge. It will ALWAYS break out early. We are looking for a low near 130 with as much as 120. Likely never going to 100 unless its on a complete breakdown to 20 bucks. Why 20 bucks? There is a gap on the quarterly chart it left behind. Top side target will be at least Old Highs around 400. For now I have to side Bullish.Longby Midgar-Updated 101026
Tesla Rebounds From Multi Year Key SupportTesla's shares rose after the announcement of new models. Tesla shares (TSLA) rose 12 percent in post market trading on Tuesday, tracking gains in the U.S. market after the electric vehicle maker promised new, more affordable models. Tesla said on Tuesday it would introduce new models by early 2025 using its current platforms and production lines, while backing away from more ambitious plans to produce an all-new model expected to cost $25,000. The rise in Tesla shares provided a much-needed boost after Tesla struggled for months with tough competition and declining sales. In technical terms, Tesla shares are supported by a multi-year uptrend. In addition, resistance trend line is also pointed out. by Pandorra4
Technical Analysis: Tesla, Inc. (TSLA) Tesla's stock has been navigating through a volatile landscape, evidenced by the recent pre-market upswing. The following technical analysis scrutinizes this phenomenon, incorporating the latest indicators and market data. Ichimoku Cloud: Price movement below the Ichimoku cloud suggests a bearish sentiment. The conversion line ($157.34) remains under the base line ($161.53), signaling potential continuation of the downtrend. The cloud, acting as resistance, intersects with the leading span A ($159.43) and leading span B ($172.20), potentially hindering any bullish recovery. Fibonacci Retracement: TSLA's dip below the 0.786 Fibonacci level ($165.59) and subsequent rebound hints at underlying buying interest. The pre-market rally approaches the 0.618 level ($169.58), a crucial juncture for assessing whether the current bounce is a recovery or a dead-cat bounce. Volume: A considerable surge in volume suggests growing investor interest, potentially signifying a shift in market sentiment. RSI: The RSI nears the oversold territory at 31.05, indicating the possibility of an impending relief rally or trend reversal. MACD: The MACD line is converging towards the signal line, suggesting a decrease in bearish momentum. Should a bullish crossover occur, this may signal a buy opportunity. OBV: The OBV's recent uptick aligns with the pre-market price increase, suggesting a stronger buying pressure. Price Prediction: Assuming continuation of the pre-market trend, an initial target of $165.59 aligns with the previously breached Fibonacci level. On the flip side, should bearish sentiment resume, a retest of the 1.618 extension at $145.84 may occur. Trading Strategy: Buy Trigger: A sustained move above the 0.618 Fibonacci level ($169.58) with high volume may provide a bullish entry point. A conservative approach would be to wait for a clear Ichimoku cloud breakout. Sell Trigger: A reversion below $145.84 could be used as an exit point or a trigger for short sellers, aligning with the 1.618 extension level. Profit Target: Should a bullish trajectory initiate, a profit target near the $184.25 level (0.236 Fibonacci retracement) would be speculative yet plausible. Stop-Loss Considerations: Setting a stop-loss slightly below $145.84 would be prudent, minimizing potential downside exposure. Conclusion: Tesla's current technical posture, emboldened by the pre-market ascent, presents a complex but opportunistic landscape. Monitoring for a firm establishment above key Fibonacci levels to substantiate entry points, whilst maintaining stringent risk controls to navigate Tesla's dynamic trading environment.by AxiomEx0
TSLA: two sceneriosTSLA: two scenerios -If not overcome 160, maybe a pullback to test demand and continuous drops. -If TSLA price overcomes 160, it will enter the consolidation again. This will be regarded as a shakeout, and the upcoming trend ahead. -by phanvinhhai0
Tesla with Short/Medium Target of 206!With RSI being oversold, market sentiment going into earnings being very negative and low expectations for earnings, 140 dollars was a nice buy/DCA point There has been a nice bounce off long term support on Tesla at 140 dollars in premarket Where next? Looking at the chart, there are two diagonal long term trendlines that price has bounced from multiple times as circled. If this plays out, I expect Tesla to reach 206 dollars in the short to medium term. After that I would expect some sort of pullback. If Tesla breaks down from this Wedge, I will be adding to my Tesla position by buying at 115 dollars. Let me know what you think Longby aadilbuchya4
TSLA Share Price Up About 13% Despite Disappointing ReportTSLA Share Price Up About 13% Despite Disappointing Report Yesterday, TSLA trading closed at USD 144.68 per share, after which Tesla reported its results for the 1st quarter: → earnings per share: actual = USD 0.45, forecast = USD 0.49; → gross income: actual = USD 21.45 billion, forecast = USD 22.2 billion. However, in the post-market, TSLA's share price rose approximately 13% thanks to Elon Musk's plans and statements: → We faced numerous challenges in Q1, including the conflict in the Red Sea and the arson attack at the Gigafactory in Berlin. We think the second quarter will be much better. → EV adoption rates around the world are under pressure, but electric vehicles will dominate the auto industry in the long term. We continue to invest in AI infrastructure, manufacturing facilities, Supercharger networks, and new products. → Production of new models will start at the end of 2024 — beginning of 2025 on existing production lines. The stock's rise after the report shows that optimism about the start of production of a new model that could be the most affordable in Tesla's lineup outweighed concerns about the poor report and increased competition. On April 5, we wrote that the price of TSLA could reach the psychological level of USD 150 per share. New data on the chart provides valuable information for the technical analysis of TSLA stock: → the price dropped below the psychological level, but was unable to gain a foothold there, since in the premarket today the TSLA share is trading above USD 160; → opening the main trading session today above USD 160 will mean that the market is returning to the downward channel (shown in red), and the RSI indicator is rising from the oversold zone. Will TSLA's stock price be able to continue rising after the sharp reversal? A test for the seriousness of the bulls’ intentions can be the resistance block, which is formed by the median line of the descending channel and the resistance level of USD 180 per TSLA share. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen116
TESLA $TSLA - April 8th, 2024TESLA NASDAQ:TSLA - April 8th, 2024 BUY/LONG ZONE (GREEN): $181.00 - $208.50 DO NOT TRADE/DNT ZONE (WHITE): $162.00 - $181.00 SELL/SHORT ZONE (RED): $135.00 - $162.00 Weekly: Bearish Daily: DNT - Lean Bearish 4H: DNT NASDAQ:TSLA has been trading through a clean range for about a month now. There was strong bearish momentum that ran through my DNT zone and into my bearish zone before creating the range. There have been four tests to the bottom level of the zone @ 166.00/162.00 and three tests to the top level of the zone @ 177.50/181.00, currently approaching a potential fourth test of the top of the zone. For early entries for bulls and bears all of the zones can be adjusted as follows (shortening DNT zone, extending bearish and bullish zones): Bullish: $177.50 - $208.50 DNT: $166.00 - $177.50 Bearish: $135.00 - $166.00 The weekly timeframe has strong bearish structure, the daily timeframe has the range shown but still holds bearish structure, and the 4H timeframe most recently has developed bearish structure but has created the range so I have labeled it as DNT as there is no clear direction that price is following. There have been slight level adjustments compared to my previous post that better fit the current structure price has created. I have drawn arrows on the range for easier distinction for what I am looking at, combined with potential breakout arrows and potential breakdown arrows. Both the bulls and the bears have roughly a 15% +/- price change as the targets I have shown. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! tesla breakout, tesla range breakout, tesla range, tesla breakdown, tesla range breakdown, trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, tesla target, tesla sales, teslaprice, teslatrade, teslaidea, tesla, NASDAQ:TSLA , solareclipse, april8solareclipse, teslalong, teslashort, teslabuy, teslasell, teslaoption, teslacall, teslaput, nasdaq, teslanasdaq, us100, techstocks, by TonyAielloUpdated 4
TSLA does the upcoming RoboTaxi announce change things LONGTSLA has the accouncement upcoming. Price will pump for sure. Will it then dump or change the trend altogether? The forecasts are there. The tea leaves and crystal balls will tell the rest of the story. In the meanwhile, I will take long trades to play this in the immediate term. One million taxis making $250 / per day every day per each is serious potential future growth perhaps at the expense of UBER and LYFT which may get a bearish bias in the short term on this upcoming announcement. Playing the news sometimes works.Longby AwesomeAvaniUpdated 559
$TSLA RepostReposting this from Mar 12 when it was still at 170s. NASDAQ:TSLA finally reached 0.786 retracement after breaking down from the bearish rising wedge pattern. A whopping 30% drop.Longby gmajor23232
My Personal TSLA StrategyTechnical Analysis purists, short term traders, and Elon haters won't like this strategy, but to me it's an obvious play. The robotics and AI technology they are developing at Tesla will disrupt and transform human life way more than their electric cars already have. I want to own some of this stock for the next 10 years for when these technologies actually start doing what I know they will. I've already decided I'm getting a stack of TSLA for a long-term hold position. Now I just need to be patient and find the best entry possible. I'll enter a long position when price is near the bottom line, between $135 and $140. No leverage, just straight holding, and I don't care about chop either way over the next 10 years. If it goes near $100 again, I'll add to my stack. Good luck.Longby funtimesUpdated 8
Tesla Set to Cut 2700 jobs in Austin & over 3,300 in CaliforniaTesla ( NASDAQ:TSLA ) is set to cut over 3,332 jobs throughout the state of California, and 2,688 jobs in Austin, Texas according to Worker Adjustment and Retraining Notification (WARN) Act letters and notices filed in both states. The layoffs are part of a broader restructuring that the electric vehicle maker announced last week. In 2021, Tesla CEO Elon Musk moved the company's corporate headquarters to Austin from Palo Alto, California. Musk said in an internal memo last weekend that Tesla ( NASDAQ:TSLA ) was cutting more than 10% of its global headcount as the electric vehicle maker reckons with flagging sales and increased competition. He did not say which departments or locations would be most affected. "As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity," he wrote. A subsequent WARN notice filed in New York indicated that 285 positions were being eliminated at a factory in Buffalo. Tesla employed has employed 140,473 people in total as of December 2023, according to filings. The company has officially opened its Texas EV and battery factory in April 2022, with a "cyber rodeo" party. The company now manufactures some of its Model Y crossover utility vehicles in Austin, and has started to build its Cybertruck there. Musk later called the Austin factory, and another assembly plant in Germany, "gigantic money furnaces," in an interview with Tesla Owners Silicon Valley, a fan club that promotes Tesla vehicles. According to filings with the Texas Department of Licensing and Regulation, Tesla ( NASDAQ:TSLA ) was planning to spend upward of $770 million last year on the construction of expanded facilities in Austin, including for battery cell testing and manufacturing, cathode and drive unit manufacturing, plus a die shop, among other things. Tuesday's WARN filings said, "none of the employees are represented by a union and none of the employees have bumping rights," or the right of more senior workers to replace those with less seniority. The layoffs in California included 2,266 people in Fremont, which is home to Tesla's first U.S. vehicle assembly plant, and 486 employees in Palo Alto, home to Tesla's engineering headquarters. The cuts impacted workers at the company's factories, engineering offices, stores, showrooms and service centers throughout the state. Jobs were also cut in Burbank and Lathrop, where Tesla makes spare parts at a foundry and assembles Megapack, battery energy storage systems. Longby DEXWireNews5
TESLA Investment Opportunity / LongWe are in the BPR below the liquidity taken on TESLA, huge amount of buyers are off, we can expect now the price go up, the timing is perfect just before 24 apr2 024 earning release.Longby EvergreenWealthAdvisor2
4/23/24 - $TSLA print4/23/24 - $vrockstar - print looks beat into the grave w all the negative expectations, but PE is relevant for a megacap and it's simply to expensive into this print. never bet against the edge lord, but also you don't need to buy every print. in the event they beat the whole sector goes bananas and my play here is the donut saudi "company" lcid which goes vertical if EV rallies tmr. so there's that. but not betting w/ elon long here.by VROCKSTAR222
Tesla weekly analysis A couple of weeks ago I shared my analysis on the Tesla stock and we are currently at that level, wait for earnings to drop then we'll see what happens, after that we patiently waiting for price to give an indication that it will turn bullish. Couple of news events taking place this week ,also an indicator for market sentiment analysis. Patience practiced, it pays off....real good dividends..trust me. Wishing every trader blue's!!!Longby ettiennebooys111
Musk LoveI am looking for potential pivot points near any of the drawings. I marked some examples from the past price action. You can look at this like at a project created by something similar to artificial intelligence. Let's just sit back and wait and see what happens, if any potential signals for pivot points or bounces appear at the shapes. This has been done before in previous ideas that I have provided and the concept is pretty straight forward. Sometimes the price can just follow a shape and not bounce from it, but I consider that to be an interesting occurrence as well. The purple zone is a zone where no drawings were simulated/required. Marked letters of ABC are potential time zones of interest with interesting events. by nenUpdated 1110
TESLA 130 AFTER EARNINGS !! High Valuation: Tesla’s market capitalization has skyrocketed in recent years, leading some to argue that its current valuation is not justified by its earnings or sales figures. If these critics are correct, Tesla’s stock could be overpriced, and a market correction could be on the horizon. 2. Competition: The EV market is becoming increasingly crowded. Traditional automakers like General Motors and Ford are ramping up their EV production, and newcomers like Rivian are making waves as well. Increased competition could erode Tesla’s market share. 3. Regulatory Risks: Tesla operates in a highly regulated industry. Changes in policies related to EVs, self-driving technologies, or environmental standards could have a significant impact on Tesla’s operations. 4. Production and Delivery Challenges: Tesla has faced criticism for production delays and quality control issues in the past. If these problems persist, they could harm Tesla’s reputation and bottom line.Shortby NYRUNSGLOBAL1
Tesla Stock in Limbo: A 43% Plunge Leaves Investors Wary Ahead oTesla, once the undisputed champion of the electric vehicle (EV) market, finds itself in a precarious position. The company's stock price has been on a downward spiral, tumbling nearly 43% in the last month. This dramatic decline has left investors apprehensive as Tesla prepares to report its earnings. Several factors are contributing to the bearish sentiment surrounding Tesla. Firstly, concerns are swirling about the company's business strategy. Sales of electric vehicles have dipped, raising questions about whether Tesla can maintain its growth trajectory. The much-anticipated Cybertruck has yet to materialize, and delays in the rollout of the cheaper electric vehicle have further dampened investor enthusiasm. Elon Musk, Tesla's enigmatic CEO, hasn't helped matters. His focus on ventures outside of Tesla, coupled with his penchant for making controversial pronouncements, has sown seeds of doubt among some investors. They worry that Musk's attention is divided, potentially hindering Tesla's ability to navigate the increasingly competitive EV landscape. Adding to the woes is the overall market correction. Rising interest rates and inflation have dampened investor appetite for growth stocks, a category Tesla once dominated. Tesla's lofty valuation, currently sitting at nearly 47 times forward earnings, also makes it a prime target for a sell-off. This high valuation is particularly concerning given the recent sales slump and the uncertain outlook for the EV market. However, there is a silver lining. The recent plunge has pushed Tesla's stock price into what some analysts call "no man's land." This means there's a significant gap between the current price and potential downside. While the stock could fall further, the dramatic decline has already priced in a considerable amount of negativity. This could pave the way for a "relief rally" if Tesla's earnings report isn't a complete disaster. Some analysts believe the negative sentiment has been overblown. They argue that Tesla's brand recognition and technological prowess still position it well for the future. The upcoming launch of the Robotaxi service in August could be a game-changer, generating new revenue streams and reigniting investor confidence. The coming weeks will be crucial for Tesla. The earnings report will be a watershed moment, determining whether the company can regain its footing or succumb to the current headwinds. Investors will be keenly watching for any signs of a turnaround in sales, updates on the Cybertruck and the cheaper EV rollout, and any concrete plans for the Robotaxi service. Tesla's story is far from over. The company's future hinges on its ability to navigate the current challenges, deliver on its promises, and adapt to the evolving EV market. Only time will tell if Tesla can emerge from this "no man's land" and reclaim its pole position in the electric vehicle revolution. Shortby bryandowningqln2
TSLA Oversold. Long term support on the tableTSLA looks oversold here. With long-term support sitting around 147.50ish I expect a pop in price action. 1st target 157. 2nd target 163. all out 177. Happy tradingLongby xanonymous0utlawxUpdated 116