WATCH SUPPORT LEVELS TO PAY ATTENTIO!
Short Term Price Target
$155.27 to 146.54
1. Tesla's Stock Price Below $100.00: The fact that Tesla's stock could drop below $100.00 suggests a significant bearish sentiment in the market. Investors may be concerned about the company's performance or broader economic factors impacting the stock.
2. Possibility of Dropping...
or you might miss out on the runup to 191.
Potentially higher, but likely into next week.
154 is looking likely should we break under trend.
Basically per this chart, either tesla is ready to make a move to the upside, and it looks like a quick move pre earnings.
If TSLA drops today into that support zone, it can trigger a run up to 184, and then possible 191....
Chart has all 10.
Hope this helps.
Hope it's simple to understand if you still struggle with indicators.
Remember, no one indicator is good on its own.
Think of an indicator as a sign that you should pay attention to a possibility. For example, if I go to the ocean, maybe I have an indicator that says you're closer to sharks than in the great lakes, will I be...
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...
Tesla Inc. is gearing up for a significant reveal on 8 August this year, as it plans to introduce its much-anticipated robotaxi. This move comes at a time when the company is navigating sluggish sales and increasing competition from more affordable Chinese electric vehicles. Elon Musk, the CEO of Tesla, announced on his social media platform, X, the upcoming...
On the above 2 week chart price action has printed two significant macro indications:
1) Broken market structure, failed support.
2) A lower high, trend reversal.
Beginning from 2023 price action entered an upward channel before a breakout in December. This move in price action created a bear flag pattern. A forecast may now be measured from the last downtrend...
Deep state after Musk. Unethical shorting, however looking at value pre "self driving cars", "robots", "value of cars only goes up", "spacex=tsla" I think you can ethically short the company without bringing in politics. Share price is 50% off high, and further off 1/2 of that high, and looks to be in a downtrend that is almost 50% off that high. Without...
The Power and Beauty of Price Gaps
Price gaps represent a clear imbalance in supply and demand, making them one of the purest representations of momentum in financial markets. These gaps occur when there is a significant disparity between the closing price of one period and the opening price of the next, indicating a sudden surge in buying or selling pressure.
...
Time for a new updated chart in TSLA.
TSLA has now formed a MEGA Bearish structure. While we are not near a Key area at the moment. The initial formation does not look good for the Bulls going forward.
At this point, it would take a lot of effort (buying) to change the message of the market in this chart. While anything is possible it does not appear likely at...
247$ is the target for the next 3 to 4 weeks. There is only one way this can play out based on the patterns we clearly see. Bullish divergence on daily, weekly and monthly on the rsi. We are going higher. W-reversal pattern bulish to the upside, we have broken out of the downward sloping channel. This company is solving a real world problem, making EV's and saving...
TSLA is being tossed aside as all attention goes to NVDA and semiconductors. TSLA has been experiencing slow growth relative to the S and P. These are my thoughts on TSLA price action up to earnings in mid April. This is a prediction that is longer in time frame compared to my usual predictions, so take with a massive grain of salt. I'll update as more information...
Upon analyzing TSLA (Tesla), we can see that it has been in a sustained downward trend. Notably, price has entered a critical support zone, exhibiting a double bottom pattern on the chart. Additionally, there has been a downward move beneath this double bottom, tapping into liquidity.
Given the significance of this support zone, I anticipate a reaction,...
2014 - 2019, we formed this very distinct support level that had 3 touch points before price took off...
The last 2 touch points out of the 3 during 2014-2019, saw the weekly RSI dip below 30
2022 we dipped below 30 & formed our 2nd touch point of this cycle
When Weekly RSI hits 30 again, $110 could literally be the zone we bottom at before the mega rally
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...
Hello Traders and Investors, today I will take a look at Tesla.
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Explanation of my video analysis:
In 2020 Tesla stock created a beautiful break and retest of the previous all time high which was followed by significant continuation towards the upside. After this pump Tesla stock entered a long term consolidation phase, forming a bullish flag...
Tesla (TSLA) has been printing lower highs since July 2023, which means that the downtrend is an old one.
A lower high is confirmed 28-Dec. by the fact that the last four sessions are full red and pushed the stock below EMA10, EMA21 and EMA50, with EMA100 still working as support today.
The RSI is now bearish (below 50) and trading volume still low.
The low...
