Here is a macro picture for Tesla on the weekly time frame.
Tesla broke out that descending channel that was trading in for months , retested forming a descending wedge that also broke up to the upside , and now and on its way up .
Long term positions with profits at 0.5 => 279, 0.618 => 302 , 0.786 => 335
Currently price is above the 21 ema -blue line-...
TESLA - The Bumpy road Ahead. (Let's hope the suspension is good)
Faced with a slumping stock price and questions about demand for its vehicles, Tesla has lowered the US base prices of its two most expensive models.
The company on Monday cut $3,000 from the price of the Model S sedan and $2,000 from the Model X SUV.
Tesla wouldn't say if slowing sales...
With TSLA, backtesting the overbought and oversold signals of the RSI (especially the 80/20) shows it's been pretty reliable in providing buy and sell signals over a longish timeframe.
Trading using the RSI alone is generally thought of as being a bad strategy, but with a couple of confluent signals it could be pretty useful here.
Some stocks seem to favour the...
Tesla stock (TSLA) is right now at a strong monthly support level. Think! Everybody is gonna be watching this! Well, I mean everybody who is sensible enough to watch key support levels at higher time frames. I'm not saying that everybody needs to play monthly time frames. What I am saying is that the strong level of support creates good probability for a bounce...
RSI & Stochastic are showing that TSLA is very oversold.
Extremely high support at ~$180 is within reach and is the key area for a reversal.
Long term uptrend line is also within reach and shows confluence with the key support level of $180.
LONG TSLA within the $180-190 region.
The exchange rate has reached its correction level. In his current movement, the second wave is building a fractal structure. The fractals consist of a triple wave structure. Therefore, I have reason to believe that a rising wave movement may occur. Target price 236USD.
Tesla stock is currently under its 200MA on the weekly chart, trend line keeps the stock in a uptrend. 2 Yellow zones for targets as we go towards 2019. 20 & 50MA are acting as resistance and stock is currently trading in-between 20 & 50MA and 200MA.
As the price is dipping down to test historic resistance levels, and RSI is very low, I expect a quick bullish reaction and the previous gap to be filled in the next day or two.
Like this idea if you agree with me.
So here we have TESLA stock, as you can see from our support line it has only hit this 3 times in a matter of month's which indicates a very high possibility that this will go long next week, if this breaks our support line i would feel this is going to be a shock to TESLA stocks and could go down further.
If anyone has any ideas please comment below.
TSLA stops. The decline in exchange rates may stop for a few days. Based on our analysis, we expect a three-wavelength rather moving movement. The upper resistance level of the movement can be given by a W1 ATR axis. The level of support is a recently identified valley rising angle. Our further assumption is that breaking this yellow axis can give another downward...
A TESLA INC. the exchange rate has started to decline. In my opinion, he repeatedly experimented with the 242usd level. Then there is a multi-day sideline in nearly 20 usd lanes. Then a strong rise is expected. Its size will be larger than the previous wave structure. The target price target will be above 400 usd.
Tesla share price is still trading into a bearish consolidation pattern. The neckline of the bull trend, now an important resistance, has rejected again the bulls. This suggests that the scenario previously depicted still stands. A current entry short at around $345 with a stop in $364 seems like a good risk-reward strategy.
Good luck fellow traders
Tesla has produced a head and shoulders pattern. It has not yet broken out of that pattern but today is earning report- so maybe the opportunity is rising to profit tremendously. The volume has been in a decreasing trend ever since the last earnings report, so I accept a large breakout. Also, the coppock curve has been in a decreasing trend line for a while. I...
I have added my second position on Tesla at $351. The first is in at $330.
The set up ticks all my boxes. Engulfing bar on double the average daily volume. Stoch and RSI oversold.
We have conflicting profit targets from various banks and funds. Goldman believe it is going sub $200, where as Nomura holdings have a PT of $500. As far as I am concerned Tesla are an...
Tesla stock has had massive gains in the past years, hence represented by this magnificent Flap Pattern which has been building momentum over the last 5 years.Tesla has officially broken out of the Flag, so its a BUY for now, But I would watch out for the RSI breaking out of the "bearish" motion and is reaching bad territories. Also, how high can this stock go...