Tesla (TSLA) is currently trading at $175.34. A breakout above the major resistance level of $300, potentially setting the stage for a price surge toward a range of $374 to $400.
However, a fall below the key support level of $175 / $160 could trigger a tumble down to $130.
Price is taking the trend line support and moving up. Where we can expect next resistance?
179 - 181 zone will be the next resistance if price gains strength to move above 172.
Buy above 172 with the stop loss of 170 for the targets 174, 177, 179 and 181.
Sell below 166 with the stop loss of 168 for the targets 164, 161 and 159.
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in this banger we're going over the possibility of the bottom being in early for tesla & what to potentially look out for in the coming weeks in the charts!
Looking at the chart of TESLA right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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Seeing If I can capture some call volatility on this spike.
Strong gap up in a down trend....
I think this will sell for 10% ROR (.50 premium on $5 of risk).
I'll begin to protect if we close above $182 (with some long shares and daytrading)
In a dramatic leap forward for Tesla ( NASDAQ:TSLA ), the electric car giant witnessed a staggering 12% surge in its share price following a pivotal breakthrough in China. The monumental milestone revolves around the green light received by Tesla to roll out its full self-driving (FSD) technology in the world's largest electric vehicle market.
The buzz...
Tesla=Elon=Tesla
TSLA Bears are an interesting bunch
On one hand I sorta see why they feel ole' Elon will be the downfall of TSLA (and the world! run! Elon is coming!)
On the other hand ole' Elon has enough paper and relationship assets to continue to push his ideas forward
So will ole' Elon run TSLA into the ground? Maybe, Possibly...but not yet
**Technical Analysis Chart Description:**
Welcome to my Technical Analysis charts on TradingView! Before we delve into the analysis, it's crucial to understand some important considerations:
1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data...
This chart is not good right now
I shouldn't break the red trend line down, but it's going down...
If Tesla Shares Eventually Break Down The Red Trend Line
The green rising trend line becomes the target
This is my predicted price action for Monday 4/29. I will update the trades I take as the day goes on, obviously if price action moves against me completely I will have to change my strategy. This may include me not taking a trade on NASDAQ:TSLA at all for the day. To make this price prediction I only used VWAP and Volume Profile
For years now TSLA has been leading the NASDAQ. A year ago this came to an end as TSLA started to underperform the NDX. TSLA is now the red-headed stepchild of NDX.
While everyone only sees a big drop today, they do not realize that TSLA/NDX has cracked a major fully formed valid structure. This is far worse for the future of TSLA stock value.
I usually post:
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My dowsing is bringing my attention to TSLA & is does it in an "interesting" way I'm beginning to understand (I think).
I have a scale I made up with a couple stocks, indexes and couple other things with directions or swing hi/low, and I'll ask to show me the most important thing to know for now. It often is a little early, which I understand, but sometimes...
NASDAQ:TSLA
Tesla is known to drift higher after a negative earnings report, which it successfully proved this time around. Looking at the indicators, I assume that the top has been reached. Fundamentally, there is nothing to support further price increases. I am anticipating the closing of the gap that formed right after the recent low.
Currently, the price hovers below the support at 175 (CMP GZ).
Everybody will be watching that level.
Check all the previous earning periods. Every time we open with a gap down (no matter the results), however, this time it is different...
I strongly think we will visit the 120-130 level and also below. There is a small chance that it will cross below 100...
