TSLA still cheap for 2024This past week we bounced off of LT support in our large pennant. We could still break bearish or bullish, but right now we're at the low-end of the pennant. Buy below $160, sell closer to $200. This can go on for the rest of 2024 and into 2025. by HandsomeSloth0
TESLA Expectation. Great opportunity to sell it.I believe Tesla will shake out those who sold it to take profit from the gap being filled, causing it to rise to the 170-180 area. Then, it will start the fifth wave, targeting around $80.Shortby Tradingstrategyguides2
TSLA SELL/BUY Trading Strategy Based on Revenue Reports**TSLA SELL/BUY Trading Strategy Based on Revenue Reports** In this strategy, we're considering potential TSLA buy and sell opportunities based on historical and forecasted revenue reports. Tesla has undergone two stock splits, which have had a positive impact on the growth of CFDs (Contracts for Difference). Typically, winter and autumn reports tend to be negative. From the stock splits, we've identified strong support in the $75 to $115 range. This price level is crucial, and the "smart money" concept suggests we have weaker support above that level, in the $170 to $180 range. Following the latest stock split, prices surged to the $200 to $300 range, leaving an unclosed gap at $150. Our strong high is above $300, with an all-time high (ATH) above $400. Bullish seasonal support was broken, and prices reverted to a bearish seasonal trend after negative reports. We've traded within a range of $160 to $300, employing range trading, but this was disrupted after breaking the $240 support level, resulting in a drop to $190. In this bearish trend, looking ahead to forecasted negative seasonal reports, we aim to push the resistance level down to $180 to close the gap at least halfway and then rebound northward toward the seasonal ATH above $400. Our long-term rebound and growth are based on Tesla's high potential as a market leader in the electric vehicle segment, underlined by upcoming global legislative changes aimed at phasing out internal combustion engines by the year 2035, changes that have been in implementation since the early 2010s. by Zk24Updated 2
Tesla Stock ($TSLA) Up 13% Despite Earnings MissedIn a surprising turn of events, Tesla ( NASDAQ:TSLA ) has defied market expectations, with its stock soaring over 13% despite falling short of analysts' projections for its first-quarter earnings. While the electric vehicle (EV) giant reported weaker-than-expected revenue and earnings per share (EPS), investors remain bullish, largely due to CEO Elon Musk's ambitious plans for the company's future. Tesla's Q1 earnings report revealed revenue of $21.3 billion and EPS of 45 cents, marking declines compared to the same period last year. Analysts had anticipated revenue of $22.2 billion and EPS of 51 cents, according to CNBC. The decline was attributed to lower average selling prices of vehicles and a decrease in vehicle deliveries. However, what captured investors' attention were Musk's remarks during Tesla's conference call. Musk unveiled plans to expedite the launch of new, more affordable vehicle models, leveraging both next-generation and current platforms. This move aims to diversify Tesla's product lineup and cater to a broader market segment. Even more compelling was Musk's announcement regarding Tesla's foray into the autonomous taxi market with the Cybercab service. Described as a fusion of Airbnb and Uber, Cybercab will feature a fleet of Tesla-owned vehicles supplemented by privately-owned cars. Users can opt to share their vehicles with others, earning income when not in use, akin to Airbnb rentals. The Cybercab service represents a paradigm shift in transportation, offering convenient and cost-effective mobility solutions while tapping into the burgeoning sharing economy. Musk's vision has resonated strongly with investors, as evidenced by the surge in Tesla's stock price following the announcement. Analysts are particularly optimistic about the potential of the Cybercab service, with many revising their price targets upwards. Notably, Ark Invest has set an ambitious $2,000 price target for Tesla stock, citing the expansion of the robotaxi fleet as a key driver of future growth. Despite the initial setback in Q1 earnings, Tesla's long-term outlook appears robust, fueled by innovation and strategic expansion into new markets. Musk's ability to disrupt traditional industries and his relentless pursuit of technological advancements continue to inspire confidence among investors. In conclusion, while Tesla ( NASDAQ:TSLA ) may have missed the mark in its recent earnings report, the company's forward-looking initiatives, including the launch of lower-cost models and the expansion of its autonomous taxi service, have reignited investor enthusiasm. As Tesla ( NASDAQ:TSLA ) charts a course toward a sustainable future, its stock remains a beacon of innovation in the landscape of electric mobility.Longby DEXWireNews2
TSLA rallies based on comments, it wont lastAfter an earnings call, TSLA rallied overnight by 10%. The financials show the company failed to beat reduced expectations from analysts, so what gives? Elon Musk has proven once again his skills at being a show man. Rallies based on comments and hype of whats to come dont last. AAPL recently went through a similar situation, stock rallied on news they finally would release AI products in the future, soon after it continued dumping. People are buying the Shortby ratchet-mint2
$TSLA 4 hour after Q1 2024 earnings - not for the average traderA volatile stock with so much FUD, so many unknowns, should not logically align with a chart of trend line continuation and geometric formation. I am being as imprecise as i can be without negligence to the study. Free hand no measurement just visual spacing. Lets see how this Legal entity moves through time and if there is any fractal patterning resonate within that movement.by mindfree331
Time for a bounce? Price target $205.Time for a bounce? Price target $205. That price is major resistance where we expect a rejection and a retracement We mapped our where we expect to move. We have also pointed out price targets Longby JK_Market_Recap3
TSLA: Buy ideaBuy idea on TSLA as you see on the chart because we have the breakout with force the vwap and the resistance line by a big green candle.Thanks!Longby PAZINI19224
TESLAPrice has reached its key 786 Fib level after strong selling pressure. Entering here and setting my TP at 348. Longby XCI_TRADING2
TESLA LONG TERM BOTTOM Tesla 157 to 137 long term Weekly timeframe bottom. THIS WILL HAPPEN!!!! But it may take some time but this is the price. Longby zeyankhan13180
TSLA Short TSLA has been down for a while and is in an observable downtrend at time of writing. There's recently been positive news and this has brought up to a 76 retracement. Love to short in these spots. High RR with stops behind the last highs. Shortby holeyprofit5
TESLA ready to start it's run? Long with a 300$ TARGETTesla has been one of the worst performing NASDAQ100 listed stocks for the past year. Now its the time for the trend to change. In our humble opinion of course. We finally have an actionable set up with a falling wedge and the completion of a bullish 886 harmonic. The trade set up is standard and what really were looking for, for a long term run, is a break and confirmation of 180$, as shown below. The 4h targets are traditional targets for the 4h set up.Longby SynergyTradingSetupsUpdated 5
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