2023 Review In 2023, Tesla delivered over 1.2 million Model Y’s establishing it as the best-selling vehicle globally, regardless of type, signaling a remarkable shift in the automotive landscape. Despite initial skepticism about the viability of electric vehicles (EVs), this success has proven otherwise. Maintaining a robust free cash flow of $4.4 billion...
Both Q2 and Q3 2023 earnings reports had negative news for investors, and both had a subsequent drop in their stock value: Post Q2 earnings report in July: Stock dropped by 12%. Post Q3 earnings report in October: Stock dropped by 15% If the stock doesn't hold support at $200, which is currently resistance as of the PM, we may see Tesla hit $190 as the...
The Share Price of TSLA Sharply Declined After the Release of the Report Following the publication of Tesla's (ticker TSLA) financial results for the fourth quarter of 2023, the company's stock price dropped. The TSLA share price in pre-market trading today is around $195, compared to yesterday's closing price of over $207 (approximately -6%). Reasons for...
Tesla looks to release their next gen Vehicle 2nd half 2025 and chart shows good timing for the next upside but sideways until then
Tesla had a nice rally from 100 to 300 in an impulsive wave up after an ABC corrective wave from the all time high. Since hitting 300 price has moved down in a corrective wave lower. This move is a wave 2 and could go to 180 ( 76.4% of wave a of 2 + 61.8% retracement of wave 1 ) or even to 150 ( equal legs inside wave 2 + 76.4% retracement of wave 2 ). Line in...
TSLA will soon have the biggest move in its history on the stock market. It is coiling in a 2-year-old symmetrical triangle, and there is no more room for coiling to continue. It is at the end of the top of the triangle, and the move is imminent. Both RSI and MACD are in the middle and don't show anything about where the move could be. For bulls, there is a...
TSLA our love our heart is now confirming a long running bearish trend since it reached 300 TSLA did a fake breakout at 252 levels which then proceeded towards a bearish movement and now we can see it has officially reached 195 levels Looking at the last 3 RSI oversold touches we can see it was quickly followed up by a bull rally BULL CASE or glimpse of...
I bought a few put contracts of TSLA early this week - and here were my reasonings: On the technical side, RSI and MACD are bearish of late. In the past during the lat 4 quarters of earnigs, TSLA went down three out of four times when the fundamentals were a lot better. The fundamentals are more challenging no with competition from China.TSLA is also not...
NASDAQ:TSLA Double Bottom Day Trade The technical analysis reveals the presence of a double bottom pattern in the market. This pattern suggests a potential trend reversal, indicating that after a downtrend, the security or asset has reached a low price twice with a moderate increase in price in between. Traders often consider the double bottom as a bullish...
This green box is the origin of this rally, which is also a poor Dz, but again, it's the origin, and below it is another support. It is good enough to ruin short sellers' gain .
Looks like it is replaying a previous move. Will it go back up now (please)?
Since Oct. '21, Tesla has been trading along this channel. Some patterns emerge that we can point out: After hitting the top of the channel three times from Oct. 21 to Apr. 22, it was followed by a dip to the bottom of the channel. To a lesser degree, rising to about .75 the height of the channel on July 22 and hitting that region 3 times, this was also followed...
Some charts just chart up themselves. Here if we see a spike we'll get a head and shoulders completing around the 76 retracement. Very good confluence of short signals. Would love to fade a spike here.
TSLA is in its downtrend channel but below the main support rising channel, which was tested several times from below - bearish action. We were looking for an expected volatility move after the earnings of +/-7%. So far the price is down over 7% and still sliding. Looking for a gap fill next at minimum, which sits at 193.17
NASDAQ:TSLA currently has two major confluences that I've been watching develop over the last few weeks. Firstly, coming off the 6 month high of mid July, Tesla has retraced to the Fibonacci 0.618. Secondly, A classic triangle is now clear. Triangles break out either to the top or the bottom. However, there are multiple confluences that are...
Technically should bounce from here after few bounces off the trendline. Coinciding with Fib 0.618 another reason for a support there. In longer term, bear still taking control.
Hello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: In 2020 we saw a major triangle breakout on Tesla which was followed by an incredible pump of +1.500%. Since 2021 Tesla has been again trading in a triangle pattern with support at the $120 level and at the $200 level. If Tesla breaks above the trendline mentioned...
As the title mentions I am going to predict what I think the earnings report will result in. But first I want to point out that I have changed my ALT back to my primary. As I have said, I've been leaning towards this count for some time now. If my old-time followers remember, a couple months ago I said the bottom for (2) should hit the $180 area. Price hit $193 on...