Tesla, the electric vehicle (EV) pioneer, has hit a rough patch in 2024. This week, the company's market valuation slipped below $500 billion, marking a significant blow to investors who had placed big bets on Tesla's continued growth. Several factors seem to be contributing to Tesla's woes. Firstly, concerns are mounting about the company's ability to maintain...
Hi, The box marks the spot :) For me, it is the strong area that I've been waiting for and now let the market decide is it a strong enough?! Good luck, Vaido
✅TESLA is going down now But a strong support level is ahead at 152.50$ Thus I am expecting a rebound And a move up towards the target at 170.00$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The other one that I post was a weekly one. Elliot Wave finished. ABC correction finished. Waiting for second abc. Chart has recently finished E.W. but it can reach a little more toward 338%. Even so, I don't sugest to wait for it since it can go down any moment. I use fibonacci between peak 1 and peak 4 of E.W. to know fifth wave limit.
It was reported this morning that Tesla (TSLA) "will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles". The market has so far reacted with strong selling of more than -3% in early trading. But is this really bad news? Not so long...
In a recent development, Tesla ( NASDAQ:TSLA ), the electric vehicle (EV) giant, has announced plans to lay off more than 10% of its global workforce, marking a significant shift in its operational strategy. This decision comes amidst a series of challenges facing the company, including declining vehicle deliveries and the abandonment of its plans for an...
REASONS WHY !! Market Sentiment and Momentum: Bitcoin soared in 2023, and experts predict further gains in 2024, potentially reaching $80,000. Despite long-term optimism, Bitcoin experienced a recent dip. Technical indicators suggest potential downside, but the market remains in a tug-of-war. If buyers can push past the $44,700 resistance, a jump to $48,000 is in...
As of the most recent data, the stock price for BLK is approximately $803.981. Here are some relevant points to consider: Analyst Consensus Price Target (2024): The average consensus price target for BlackRock is $796.00, with a range from $542.00 (low) to $938.00 (high). This indicates a potential upside of approximately 0.60% from the current...
The stock price of Wells Fargo & Company (WFC) can be influenced by several key factors: Interest Rates: Wells Fargo is a big beneficiary of rising interest rates. When the Federal Reserve raises its benchmark overnight lending rate, it positively impacts banks. Wells Fargo’s margins widen as yields on interest-earning assets (such as loans) reprice higher with...
My dear subscribers, This is my opinion on the TESLA next move: The instrument tests an important psychological level 164.86 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 175.58 My Stop Loss - 158.48 About Used Indicators: On...
Tesla (TSLA) held Support 1 (160.50) last Friday, in fact it touched it and rebounded immediately making a technical Double Bottom formation. Yesterday it broke and closed above the 4H MA50 (blue trend-line) for the first time since March 04, providing s serious bullish continuation signal. The most important development however, is that this Double Bottom has...
TSLA is trading at a potential bullish double bottom which could bounce off its 4 year support level around the mid $160s. If it bounces on the weekly, look for a continued bull trend. By applying a Fib extension, look for a price objective potential of hitting $504.51 and $753.38 in the foreseeable future from a technical setup. TSLA is currently in a 4 year...
Elliot Wave still in process. Fifth peak will take around 392 days to reach. That is, if second E.W. does not appear. The side arrow is to know bar distance. By obtaining the total bars of an E.W. complete formation, and duplicate it, one can predict next powerful candlestick that can tell reverse or end of a phase. It works better in m1. It works in sideways too.
✅TESLA broke out of the Narrowing bullish wedge Pattern so we are bullish Biased now mid-term and We will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Tesla / TSLA has made a Double Bottom on Friday and today is making a run for the 1day MA50. This is an important level as since January 9th (3 months) it has been the Resistance and hasn't been broken. But can this Double Bottom for Tesla be a 'META bottom', like the one the social media giant had in November 2022? Both fractals formed Lower Highs under a...
Daily is winding up to an inflection point, while the weekly is getting close as well. I'm favoring the bearish break; but there is a chance for a bullish reversal- so time will tell. What I can say is that we're approaching a conclusive point in time that will send price with signifcant momentum in either direction. When I look for an inflection point I watch for...
Tesla, once the darling of the stock market, has encountered a tumultuous period marked by declining stock performance and disappointing production figures. The company's stock experienced a 31% decline in 2024, a stark contrast to the Nasdaq Composite Index's 7% gain, leading to a growing sense of unease among shareholders. One of the primary drivers behind...
Tesla NASDAQ:TSLA NASDAQ TVC:NDQ BUY/LONG ZONE (GREEN): $195.75 - $260.50 (BUY ZONE ADJUSTABLE DOWN TO 208.50) DO NOT TRADE/DNT ZONE (WHITE): $177.25 - $195.75 (DNT ZONE ADJUSTABLE UP TO $208.50) SELL/SHORT ZONE (RED): $113.00 - $177.25 Tesla broke out of its range lasting from Jan. 25th - Feb 15th. Breakout price was at 195.75, the Feb 15th daily candle...