TSLA reported delivery numbers and for the first time in two years, they came short of their goal.
TSLA, along with most of the market, is in an overall bearish trend and is currently showing signs of weakness. The technicals show a wedge pattern with a short trigger at 660 with targets of 625 and 600.
Tesla Q2 June 2022 earnings are on 7/20 at 4:10pm. Tesla (TSLA) reported Q1 March 2022 earnings of $3.49 per share on revenue of $18.8 billion. The consensus earnings estimate was $2.27 per share on revenue of $17.8 billion. Revenue grew 80.5% on a year-over-year basis. Here's levels on the 1-day chart:
top = 840
R3 = 805
R2 = 770
R1 = 735
pivot = 700
S1 = 665
Researching Tesla's sales report, we come to a conclusion of around an 18% drop in sales from the previous quarter which is one of Tesla's first sales miss due to factory shutdown and production stops of model ys and more. Not only do we see this horrendous report. We also see a bearish rectangle formed on every time frame providing a bearish answer.
Overall market has been in a downside with rising interest rates and a lot, TEsla fell from $1000+ and made some gains......looking for a long position on tesla after the break on my 8Ema.
NB: --Tesla price will fall!!
-- Market needs to gain some orders into possible $800 before this fall!!!
--Final confirmation will be a move on the 50 ema.
Hello everyone. Friends, there is a fifty-fifty chance that the upward movement will begin. It seems that the corrective pattern has not been completed, it should reach the price of 526-481, go down a little or start the upward trend. In any case, two analyzes have been uploaded. Good luck (this is the only technical analysis based on the principles of the Elliot...
TSLA appeared on my radar today
With the recent news and corresponding price action
Making me bullish on the pair
Therefore, a move up is to be expected
✅LIKE AND COMMENT MY IDEAS✅
On the H4, with RSI moving along an ascending trendline, we have a bullish bias that price will rise to buy entry at 707.48 where the pullback resistance is. Once there is upside confirmation, we would expect bullish momentum to carry price to take profit at 792.28 in line with swing high resistance, 100% fibonacci projection and 50% fibonacci retracement....
Tesla's stock price last Friday jumped from $673.42 to $681.79, gaining 1.24% after the end of the session.
Tesla stock showed signs of range contraction during the day, making an intraday range from $666.36 day low to a day high of $690.69, the narrowest in the last seven days. The stock volume was 79% of the average volume on the previous trading day, down by...
I wouldn't ignore this bearish pennant on the 1 Day - daily.
It had a death cross on daily at the end of MAY. This is generally a lagging indicator and it appears it might be ready to show out after printing a bearish consolidating pattern.
Support levels are marked below. Also a GAP marked in RED.
I am wishful hoping the gap will fill because I...
Hello friends. We have put together a Meme Index which captures the general price movements of assets which are considered for one reason or another to be memes. It includes household names like Gamestop, Doge, AMC, and a few others. What we can see is that memes retraced by as much as 75% of their value from the peak, but are nowhere near done. We think that the...
Hey everyone! 👋
This week, we wanted to do something a little different. As you may have guessed from the title, we're running a trading idea competition!
The prompt for this competition is simple: Post your best pair trade idea for the given market conditions. Your idea's time horizon can be anything from the next week, all the way through the next several...
The two charts in this idea show Tesla's stock price since its IPO. The only difference is one chart is a log chart and the other is a normal linear price chart. That's why they look different. Understanding log charts and normal linear charts is an important skill for all traders and investors. Especially when looking at price changes over long periods of...
HI Trader: TSLA. The day's movement was bullish, it found resistance in the area of (690.69) causing the stock to decline.
bullish alert price (691.00) but we need the action to be above (695.40) another thing, the prices of (690.00) down in the sell zone.
our bearish entry: below (681.00) with the possibility of taking the action to (657.00)
the market has the...
How can we find a Potential Reversal Zone?
Is it enough to just make a simple Retracement or we can make our support zone narrower? how can we be more confident about our possible supports?
What are Fibonacci levels for different types of Fibonacci and what are typical ones among them? How can we implement different wave degrees to make our PRZ even...
AMD 1D I AMD is testing support near our trend. We have a bullish divergence on the RSI and earnings coming up. If $70 holds we can see a relief rally into earnings.
TSLA 1D I Attempting to make a higher low on the daily, but still looks bearish below $685. Support at $660 and $625. Resistance near $685 and $710!
QQQ 1D I QQQ is trying to make a higher low....