TESLA INC

Ready for that next leg up

TSLA could break below flag and go lower forming a head and shoulders pattern or if it breaks above it shows it is pivoting up again based on the 38.2% retrace area and make a Elliott wave 5. We will have to wait to see which way it goes. Wait for the breakout of the resistance line or break below of the flag.

Seems like it has some reversal potential on the short term, although longer term has potential for Head and shoulders top with the fast rejection from highs, will find out soon, probably tomorrow.

REbuy for TSLA

A look at TSLA fundamentals shows light at the end of the tunnel. TSLA published its first ever profit on Wednesday increasing the stock price by just under $10. The technicals display a strong support around $190-$195. After 18 months of correction from the late 2014 high of $285; there was a strong bounce off the 0.5 fib to the resistance level at $265. The ...

TSLA will hit 340 easily. but in a very very long term run, TSLA will become like Amzon. if you are patient and dont care, you can just hold TSLA for decade.

TSLA, I bought TSLA at 250 again, after the long from 180. I decided to close most position now and move my sl to entry, since I am not sure if it can break up the trendline and make new high or double top. not sure about this one. TSLA is at a very important price now, looking forward to see what will happen in the next. dont feel afraid to join any party ...

TSLA long looks very promising. it's very likely it will make new high. I think TSLA will hit 400 usd soon if there is no bad news. I wish you bought with me at 180 to 190 zone.

TSLA Stock long

The chart of $TSLA appeared to be falling without end in sight, but if you had short positions on from higher levels, you knew where to cover them - and that is right at the "EARNINGS LEVEL".  I believe it is essential to know where these levels are and I track them on every listed stock here on TradingView that I trade.  The EARNINGS LEVEL is the green triangle ...

The Bear flag has formed and it was just penetrated. As musk pumps, we will add to the short position. remember the 3D stocks... this stock has never experienced a real downturn. This is where reality meets the road... a semi, an electric train, an electric moon lander will not help until there is a deep correction.

Above 200 MA and re-entering long time trend pattern.

I think we are still longterm bullish based on the longterm view shown below, however when we look closer, we see that the current decline has two scenarios. Interesting enough Tesla -2.50% looks this way just before Q2 earnings report so my guess is the report should surely serve as a catalyst. https://www.tradingview.com/x/aCcAviRV/

I need to think about TSLA a bit more, here is my more detail setup. You can read my main reasoning in my previous idea "Tesla this year, basic setup". One think for sure, the company's exciting times just begin and even thou retraces, probably will never be back to those previous levels. Cheers and happy trading

Based on Ichimoku indicator, we have a good opportunity of taking short TESLA if we close below 309. We can short on the chinkou head. Weekly: The Kijun will be broken if we reach this level. Daily: We will be out of the cloud for another confirmation of short signal. Entry: 309 SL: 318.5 Tp: 283

Ouch! Looks like 300 level support may not hold - particularly in this market environment...if it breaks tomorrow, i'm guessing we'll see 250s and maybe even < 200 since I don't see any real strong support til < 190! I really have to learn how to short...!

Targeting test of 280 area to find support.

TSLA using the last two down trends on a yearly basis shows we could be going into 300 area and if that breaks, we might not find any real support until around $245 area. I kept my initial study from a week ago of Elliott waves there and I can see the wave counts are all wrong now. heh heh.