US Stock Market is showing bullish signs and so is TESLA. TESLA is breaking above all its successive Higher HIghs and Higher Lows. Predicting a long position for TESLA on 1H timeframe
Buy idea on TSLA as you see on the chart because we have the breakout with force the resistance line by a big green candle follow by a large green volume.Thanks!
The down trend may be over for now on TSLA. The down trend has made an inverted H&S pattern on the smaller time frames indicating the reversal has potentially started. Right now we are sitting just shy of the measured move up, which puts us at 242.50 ish. If you measure from head to neckline that should be roughly equal to the shoulder to your target.
* Don't...
... for a 1.92 credit.
Comments: Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into Tesla. I already have a November 17th 190 on, so going out to December here.
... for a 1.54 credit.
Comments: Adding a rung here at a strike better than what I current have on, targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the underlying without actually being in the stock. 30-day IV remains relatively high here at 52.2% ... .
Today we did move up with some strength and crossed my upper trend line. We did not, however, breach the $226.97 price point. With the action we saw today I am inclined to think we have bottomed. Nonetheless, we do not have confirmation so until we do I keep my primary.
If we have bottomed, then I expect us to move higher tomorrow and most likely make 2 more...
On the M30 chart the trend started on October 31 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 231.44
But we should not forget about SL = 193.58
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, ...
Tesla is ready for another leg up: - NASDAQ:TSLA
Technical Reasons:
Tesla has entered the golden zone - between the 0.5 and 0.18 Fib retracement
Money Flow Divergence on the daily
Commodity channel index divergence on the weekly
Stochastic Momentum switch on the daily
Already +- 5% off the lows which shows buyer are stepping in
RSI is exiting oversold...
Buy idea on TSLA as you see on the chart because we have a spring effect on vwap and we have the breakout with force the resistance line by a big green candle follow by a large green volume! Thanks!
Market rally has taken Tesla up with it, but even Elon stated during the Earnings Call (miss) that higher interest rates and the current economy is not ideal for Tesla
Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want...
![TSLA: TSLA - Falling Trend Channel [MID-TERM]](https://s3.tradingview.com/y/y9kuxt55_mid.png "TSLA - Falling Trend Channel [MID-TERM]")
