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...
Tesla appears to be setting up for a short squeeze. Bears may find themselves in trouble as the stock could break above the resistance line typically observed among retail investors. This breakout might prompt some bears to exit their positions and lure in breakout longs. However, the price is likely to retreat below the trend line, enticing more bears to enter...
Id be very cautious on being long on Tesla right now. Theres better stocks out there right now to be long on. Tesla has a large zig zag behind it, which has a high likelyhood of pushing prices a lot lower. If we start failing now, and cant hold this current zone, and even breaking 150$ is the last straw, this stock is toast and can see a drop to 120-100 dollars....
Major resistance is ahead. But, If you look at the RSI it made a higher high on the large time frame. I think this needs to reach the high to match SNP and nas daq. Bullish Divergence!
All hypotheticals, something to ponder on. I like to use the 2 day time frame when looking at moving averages because they uniformly react to them much cleaner and more predictable then shorter/longer term time frames. Not only is Elon under fire from wall street and investment groups like no other period in time, his own board of directors are trying to boot...
Sharing without comment. "The Biggest Loser in the "Magnificent Seven" Could Soar 1,140%, According to Cathie Wood's Ark Invest" And this is the chart. This sweetheart is also predicting Bitcoin is going above $1M.
If 165 holds then i would think tsla has a bounce to at least 210 in store. If 165 breaks i see 113 being tested.
The Tsla Bull Trend is no more. Utilizing Schiff pitchfork and trend lines, with recent supply chain issues and the amount of shares used to cover twitter deal, tsla bear trend is here.
TSLA has recently broken through downward resistance trend line turning it into a support line. TSLA has been on a long downward trend and recently broke through stock has held breakout past few periods giving confidence in new trend RSI still remains below 50 though which is bearish sign. Should be cause for some optimism of a turn around. Keep in...
Tesla, Inc. New updated X Right Prices. Watch for the bearish move. Next Price $180.47, $180.44 follow by $180.80. At This price which is already confirmed based on the calculation it will create a short bearish double top and the price will not find a support over 27th March, 2024. 2nd reason, Market left a trap during week 1, April at $168.87 &...
247$ 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...
Using my own personalized chart notes this an explanation of what i see. Regardless of what method you use the same points of resistance and support are usually found. Im just looking at the geometric layout of the trend lines created by those points and the energy of "belief", how many systems will note this trend, etc. There you can really see any manipulation,...
Here we can see tesla possibly being at support at the bottom of this huge flag pattern, we are waiting for this to explode. It also can break down for a capitulation before it goes up so, be aware
A double bottom pattern is a well-known charting formation in technical analysis that signifies a significant shift in trend and a reversal of momentum from a previous downward movement in market trading. It illustrates the decline of a security or index, followed by a recovery, another decline to the same or similar level as the initial drop, and ultimately...
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...
Welcome to Swing Mapping Part 3, where we delve into three different approaches to trade management using swing mapping methods. Trade management always represents a trade-off between taking profits early and letting winning trades run. There is no perfect solution, but by understanding different approaches, traders can tailor their strategies to their risk...
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...