Another spike would setup a nice head and shoulders in TSLA. Some charts just chart up themselves. Here if we see a spike we'll get a head and shoulders completing around the 76 retracement. Very good confluence of short signals. Would love to fade a spike here. Shortby holeyprofit335
TSLA after the earningsTSLA is in its downtrend channel but below the main support rising channel, which was tested several times from below - bearish action. We were looking for an expected volatility move after the earnings of +/-7%. So far the price is down over 7% and still sliding. Looking for a gap fill next at minimum, which sits at 193.17Shortby TheTradersRoom3
Tesla Triangle Bottoming Out NASDAQ:TSLA currently has two major confluences that I've been watching develop over the last few weeks. Firstly, coming off the 6 month high of mid July, Tesla has retraced to the Fibonacci 0.618. Secondly, A classic triangle is now clear. Triangles break out either to the top or the bottom. However, there are multiple confluences that are pushing me towards a (short term) Long position for a breakout: #1: The Psychological. It's been very trendy to short Tesla as of late. According to CNN , short sellers lost 12.2b in liquidity shorting Tesla last year. I suspect retail and algos are looking for a buy opportunity. #2: Long Term Technicals. There are only so many people on this planet that can afford high quality electric vehicles. But, the Model 3 and Model Y is now within reach of most consumers. However, electric vehicles are starting to show some previously unknown issues with a mass market. CBS News reports that Tesla owners can expect to find a 30% reduction in range in temperatures below freezing. For many Americans, this can be hard to swallow, especially for those commuting 50-60 miles a day for work. #3: Adam Jonas. Adam Jonas cut his bullish price target from 380 to 345 this morning citing multiple factors including, "Global EV momentum is stalling. The market is oversupplied (and not enough) demand." #4. Price Action. I'll go into this a bit more below with my expectations. I see two scenarios playing out long term, but first lets set the baseline: 618 fibonacci is extremely stable, and it near perfectly lines up with the price action triangle. Tesla earnings are two days. I suspect we'll see intraday tomorrow as people anticipate the report but nothing drastic. Cybertruck has been delivering for the past few months and I expect we'll see a Christmas sales bump missed in the October report as prices continue to drop. If the earnings report is positive (It most likely is) We will absolutely see a retracement to the 0.5. As there is (currently) little price action to support a resistance of the 0.5, it's possible that it could push past and there could be a retest towards late November through early December trade chop. Anything beyond that would be ultra speculative, but two likely scenarios will play out after the move up: First and what I believe to be most likely, We'll see another retracement to 618 and a bottom side triangle breakout. Fibonacci velocity resistance on the same high & low shows weak support. Combine this negative sentiment towards luxury goods and vehicles in general ( highest delinquency in 30 years ) and we very well could setup for a false or full on breakout of this triangle. Second and personally less likely, we setup for a mini bull flag as price action consolidates and breakout at the top. Any way it swings will be interesting. I'll be keeping an eye on other confluences that appear as the retracement plays out to make a more accurate guestimate. Cheers -T Editors' picksLongby TMace2Updated 4444 1.1K
$TSLA on micro termTechnically should bounce from here after few bounces off the trendline. Coinciding with Fib 0.618 another reason for a support there. In longer term, bear still taking control.by Casvanick1
Tesla Update: Thought ExperimentAs the title mentions I am going to predict what I think the earnings report will result in. But first I want to point out that I have changed my ALT back to my primary. As I have said, I've been leaning towards this count for some time now. If my old-time followers remember, a couple months ago I said the bottom for (2) should hit the $180 area. Price hit $193 on 31 Oct and started to rally up appearing impulsive at first glance. I think that was a hood wink and was actually the A wave of intermediate (B). Should that be the case, that would mean we're in a of (C) of (2) right now. Long term this makes much more sense too. Now on to this earnings report coming in the next hour or so. In the past, Tesla earnings has always been "buy the rumor sell the news". During the beginning of the meeting price has normally spiked up followed by a hard fall. They are ALWAYS volatile to say the least. I think today won't be much different. I think it causes us to spike up to complete or at minimum get a good start to the b wave of (C) followed by a hard fall which would coincide with the strength one would expect to see from a C wave of any degree. After we complete the b wave, if that is the correct count, we should be dropping to my target box of $154-$181 in a 5-wave move. Should this actually be the start of (3) then earnings will cause us to continue to rise well past our recent high of $265.12. Either way, we will find out in a couple hours for sure.by TSuth151544
TESLA long termThe real range of TSLA is 200-300 based on their current performance. Anything below is undervalued, anything over is overvalued.by kamaal007110
TSLA Bears In The Driver's Seat Pre-EarningsIt's all about the 2024 guidance, at least that's the going consensus view in front of Tesla's earnings this evening. But for what it's worth, a failed uptrend during 2023, subsequent testing of pattern resistance and TSLA stock approaching its Nov low with weekly stochastics out of place, does make the case for an even larger correction. In my humble opinion and observation (imhoo), TSLA stock could find buyers unwilling to reverse the bearish trend until more meaningful value in the $165 - $180 area is tested. As with any stock of this volatile caliber and known to make dramatic earnings-related price moves, bulls and bears in it to win it, should smartly hedge those directional bets with options. by tyler.chris0
TSLAOne too many talking about hypothetical1xx NASDAQ:TSLA prices I am seller of March put premium here at fill of yesterday's close Using part of proceeds from put sale to buy March 230 calls, confluent with D1200EMA March 230 calls now trading around 7.77 (lucky) If we revisit MID of the whole move (258) before then we'll realise at minimum the $28 of intrinsic value (~4x initial, excluding proceeds from put sale, of which we'd retain 100%)Longby jhonnybrah0
Quick tradeI havent published anything in some time. I've been focusing on developin my statistical and machine learning knowledge. However in a recent presentation I had to give a quick overview of tesla stock here is my short term forecast. This move shoudnt take more than a 10 daysLongby DarkMessiah7770
What Color Is Your Tesla 🚘Hello TradingView Family / Fellow Traders, On Weekly: Left Chart TSLA has been hovering inside a range between the $200 support and $300 resistance. Lately, TSLA has been bearish trading inside the falling blue channel and it is currently approaching the lower bound and $200.0 support. 🏹 Hence , as long as the 185.0 support holds, we will be looking for buy setups on lower timeframes. On H1: Right Chart 📈 For the bulls to take over, we need a momentum candle close above the last major high in gray at 218.0 📉 Meanwhile , TSLA would be bearish and can still trade lower to dive inside the 185-200 support zone before trading higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard NasrLongby TheSignalyst2217
Tesla continues to shape the future. Stock idea for 24/01/2024Last weekend marked the release of the initial reviews from regular users regarding the update to Tesla Inc.'s car autopilot system. The company has transitioned from labour-intensive manual programming to code generation using neural networks. This development is of great significance for the entire automotive industry as it seeks to answer the question: Can robotaxis become a reality soon? Basic operations (maintaining speed, changing lanes, reacting to obstacles, and others) will now be programmed manually, while artificial intelligence (AI) takes charge of processing sensor data. So, today, let's look at the Tesla Inc (NASDAQ: TSLA) stock chart. On the D1 timeframe, resistance has formed at 223.49, with support at 208.74. If quotes consolidate around the 208.74 level, the downward trend might slow. The issuer is facing temporary challenges, experiencing delays in the supply of components due to the crisis in the Red Sea. On the H1 timeframe, a rebound from the 217.04 level could set a short-term target for a price increase at 233.64, while in the medium term, it could hover around 241.28. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.by RoboMarkets112
TESLA - Swing Trading Analysis 📋On TESLA is nice to see strong buying reaction from the price 180 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... ABCD + Uptrend + Volume cluster are my mainly reason for this long trade.... Happy trading Daleby Trader_Dale4
$TSLA Implied move for Earnings TomorrowNASDAQ:TSLA Implied move for Earnings Tomorrow Alright, y’all… it’s earnings season. Tesla is reporting tomorrow. This is not an analysis - simply the implied move for earnings tomorrow…. from options. I’m not trading netflix tomorrow but I am looking at taking some trades futher into earnings and I like to track what’s happening. by SPYder_QQQueen_Trading5510
Tesla Update: Another red dayToday price dropped yet again but then bounced off the 0.786 fib retracement. MACD DID NOT make a new high on the micro 3min chart, and price has remained choppy. This makes me feel there may still be some downside left. Also, due to how low MACD dropped on 12 Jan I am beginning to feel my turquoise ALT has a higher probability of coming to fruition. The structure price has carved out since our high on 28 Dec coupled with MACD makes me feel this whole drop has been wave a of C of (2). If this is the case, then we should start a retrace soon (most likely this week) for wave b before falling for c of C of (2) into the yellow target box with the turquoise labels. If the next move higher isn't clearly impulsive, I will most likely adopt the 1st ALT count. If price breaches $151.72, I will adopt the purple count. If we breach the line I drew on the 1HR MACD at any time, I will adopt the orange count. I am still on the sidelines and will remain there until we get more information/clues.by TSuthUpdated 4421
What Went Wrong with Tesla?What went wrong with Tesla? Tesla, Inc. which's reporting Q4 earnings tomorrow Jan 24, 2024, has turned to the bearish market since this year started, in fact, the stock revisited the $260.0 level in December which was achieved in October of last year, and now the stock trades at $209.0. See, Chinese automaker #BYD surpassed Tesla in global quarterly sales for the first time to become the world's top seller of electric vehicles, capping a year of new model launches that saw domestic sales soar in the US. Tesla sold 480,000 vehicles in the October-December quarter falling below BYD's previously announced total of 520,000 units. BYD's electric vehicle sales for the quarter climbed 60% year-on-year following a flurry of model launches. Its Seagull compact EV was released in April with prices starting at 70,000 yuan ($9,900), selling more than 280,000 units by the end of the year. Tesla stock has been in a series of daily losses. As a result, the Relative Strength Index (RSI) continues to signal oversold conditions for Tesla’s stock. The stock only closed each day of this month losing, hovering now around $209.0. I charted the stock against the SP500 below (the orange is the S&P500), and we can see the large disparity in 2024. Actually, the top 2 underperformers in the consumer cyclical in the S&P500 this month are Etsy, Inc. which lost 17.34%, and Tesla losing -17.32% since Jan 1 and as of today. Now, as the Q4 earnings call is due tomorrow, Wall Street analysts expect that Tesla will report revenues of $25.76 billion in Q4 of 2023, reflecting a growth of approximately 6% compared to the same quarter of the previous year. However, for earnings, analysts project a median EPS of $0.61 for Q4 on a GAAP basis, representing a significant decline of approximately 42.7% from the previous quarter. On a non-GAAP basis, the median EPS expectation is $0.74, which still reflects a notable decrease of about 38.2% compared to the previous year. Tesla managed to grow its revenue in 2022 and 2021 by 51.4% and 70.7%, respectively. That matched an ERP growth of 115.0% and 648.0%. If Tesla makes a reversal tomorrow, it will signal a potential new high for the S&P 500 following Friday's jump, considering the mega-caps closed the day bullish, with Netflix winning 10% in the after-hours today.by ali_haideredrees0
Tesla to rally 10%+EVERYTHING IS FLIPPING BULLISH ON THE 4 HOUR CHART MACD is about to double bottom + print a golden cross + flip to printing green bars = Bullish The triple 'rapid fire' buy signal I also highlighted, has not happened since FALL 2013!!! Here's what happened back then: it's beginning to feel like 206 was the bottom & price is about to skyrocket The stock is absurdly cheap & even if we crashed to 177, Tesla is still a BUYLongby Jonalius2