Tesla crossed today over the Falling Resistance of the Bearish Megaphone.
This is a strong bullish break out for the short term, especially as long as the MA50 (1h) holds.
The Bearish Megaphone may transition to a Channel Up, so this is a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 240 (+16.77% rise like the first bullish leg...
So, after the price action of Friday I am back to being 50/50 on the bottom being in. This type of price action is frustrating to say the least. As of now though, I only have a 3-wave count down and it ended right at the 1.618 fib of the move down. This is normal for it to be the mini-wave 3 of the micro-wave 1 but the retrace that followed was too deep for a wave...
Tesla broken down into the most basic indicators is Oversold. Since June of 2022 Tesla has reversed each time when the Money Flow Index has come close to or crossed the 20 Line and once again is encrouching on the 20 marker and remains Bearish. The TSI is still showing the current trend as continuing. Right now yesterday's candle has settled into the 1st Long...
Tesla is in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Tesla. The stock gave a negative signal from the double top formation by the break down through the support at 215. Further fall to 163 or lower is signaled. The stock is testing support at dollar 214. This could give a...
In light of recent market developments, I've made the strategic decision to initiate a short position on Tesla Inc. (TSLA) stocks. Despite the company's meteoric rise in the past and its charismatic CEO Elon Musk, Tesla's shares have been showing signs of underperformance in recent times.
Several factors have contributed to this decision, including concerns about...
Hello friends
In Tesla stock, we see a 5-wave pattern
This pattern might as well be ABC!
However, considering the 5-wave pattern, wave 4 is over
Probably microwave 1 of wave 5 and microwave 2 of 5 have also been completed
Therefore, we expect wave 3 out of 5
Usually wave 3 is the strongest and most efficient wave
Of course, if the price crosses the bottom of...
Investor's behavioral traits and personality characteristics play a crucial role in building investors' risk profiles. It is too difficult to categorize personalities. We all are humans who are different from each other. Years of research have led to the development of a basic clarification system.
There are main frameworks available for psychographic analysis....
as my previous analysis,RussianUkraine Crisis + Fed Raising the interest rate causes dragging of the phase b (BUEC) to be longer
than expected
i think for now tesla is having a markup rally
After plunging in 2022, Tesla (NASDAQ:TSLA) stock gained more than 70% year-to-date. The rally can be attributed to better-than-expected fourth-quarter results, efforts to boost production, and improved sentiment for growth stocks. However, based on technical indicators, TSLA is a Sell near its current levels..
Tesla stock’s 50-Day EMA (exponential moving...
Extremely simple setup. Time to close the gap on msft and nvda
We simply buy the strong uptrend, the AI narrative and the MA 50 breakout on 1W.
Beware of red scamwicks though.
nfa
Looking at Tesla underperforming recently while the market had a massive rip. This makes me concerned bulls could be vulnerable here in this area and that we may need to test lower 200s perhaps or lower but we will stay tuned and provide updates as we see them. Cleaner energy names are struggling today following PLUG's earnings report. Good luck traders
A double top formation, break of a year long trend and retesting resistance could see TSLA come back to long term channel support.
Price Target around $150.
Today Tesla dropped as predicted. It didn't really answer our question if this is (5) or the beginning of ii of 3 of (3). The 3min and 1Hr MACD are on positive divergence at this time, and we only have 3 waves to the downside so far. We are also inside the ALT target box with only one maybe two more lows appeared to be needed. These things support my ALT count but...
