TESLA growth analysisHello traders,
As the TESLA stock price chart shows, TSLA is taking an upward trend, the support S1 confirms that.
Since 18 Mars increase to a specific maximum point (Point A, B, and C), and then take a break to prepare for another one.
Right now, we have another increasing trend of TESLA. Two scenarios:
-- Either, it will continue to reach a new maximum, and go back down as a break. That break will be decreasing and must not be below the level “L”, in that case, we can say it’s going up again.
-- Either, it will go down below that level “L”, and in that case, we can say that this trend is ending.
Generally, we expect that it will go up, take a break by going down to bounce on a level that is higher than “L”, and go again in an increasing trend.
Tslabuy
🤣 Yo! Elon! Whatchu Wanna Do? (TSLA)💰 LET'S GET INTO SOME TESLA ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
- Most of the market is bleeding currently. Zoning in on a 2 day chart for tesla entry.
- Look for the compression on the Crossover strategy and align the red ema dots for a long term play.
- No confirmation just yet.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
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🥇MLT | MAJOR LEAGUE TRADER
🤔 Compression Shows signs Of Potential Tesla Selloff. (TSLA)💰 LET'S GET INTO SOME TESLA ANALYSIS!💰
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(Overall Market Sentiment) 🤷♂️ Neutral
- We are seeing 2 compression candles known as dojis relativity towards the top of previous Resistance. This is where we would like to look for distribution. We do not have 100% Crossover confirmation on the Crossover strategy. It's not a confirmed play just yet. Need a little more time.
- Only 1/3 ema dots are firing red as of now. This also does not show a trade confirmation.
- We are playing in a nice size range, if we get a Crossover and selloff we could play a short for up to 10% for a potential test on support. If we were to collapse and break old support, chances are that this break to the upside was just a fakeout.
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
💥 The Highs Are On High Alert! (TSLA)🤔 Just looked at amazon, facebook and now tesla all show correlation to testing the highs.
Look for it to play the red upward support and squeeze in the compression point. Break below look for a short back down. I think we are still evaluating if the breakout at 902 to the new highs is a fakeout or going to see if support can hold. You see that we did drop all the way back down but bounced right back up off that old major Resistance level.
The larger timeframe like the daily and 3 day are still green so I don't have that long term confirmation yet.
My main concern is how I'm seeing the Resistance levels across the board be tested right now.
Have an awesome trading day and weekend. ❤❤
🥇MLT | MAJOR LEAGUE TRADER
Tesla Searching For Support. (TSLA)🚨 Very critical price action move for the next big tesla play.
We did get our breakout to attempt to push up, but fakeouts can happen.
You're going to look for 926-930 to test for support. We are pretty much testing it now!
If this was a fakeout expect a big selloff. You can play aggressive here if you wanted to catch this as a level support only if the Crossover strategy plays and the ema dots line up for a curl back up. Otherwise for a longterm position you will want to look for 1024 to breach to shoot for a new bull trend.
Good luck! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
Told You Play $910 Level, Look What Happened. (TSLA)June 7th , we approached a very key level of $910 and I alerted you to play this edge on breakout. Now Tesla has printed around a %12 gain in just 3 days! 💰💰 Congratulations if you played it.
All indicators from the ema dots to the Crossover strategy candles showing strong green pressure.
Best of luck,
🥇MLT | PRO TRADERS
Fun Time Approaching For Tesla! (TSLA)I am highly interested on tesla as we approach an edge play at all time highs!
Followed by the massive market crash tesla has ran non stop on the larger timeframes to the current position of 885.66, that is a lot of rocket fuel! 👨🚀
BEAR SCENARIO:
What your going to want to look at on the daily timeframe is to watch for the Crossover strategy take place. We want to see the green candles compress for a red doji crossover for interest on a potential massive short position. Once we ge the cross confirmation the next step is to start to see the red candles cross over the green line that it has been trending above since the bottom. That is how we will spot the Resistance pressure.
We notice on the ema dots below we have one confirmation of red dots printing, we need to see them all line up and follow. Your strongest confirmation is when the candles and the ema dots align. That is the money shot. Like we say in say in our course we always use tight stip loss in case of a reversal! 1-3%
BULL SCENARIO:
We already have green candles in motion but the current Resistance level we are watching is 910.04.
As we approach this edge we want to look for a breakout to fire long. So if we can get price to break we will fire long and apply our stoploss and continue to track tesla based off the ema dots and the Crossover strategy. Our stoploss will become 1% on a break back low then to reverse to a short and play this level till we get pull on the new long term trend. (Tight risk management on breakouts) A breakout like this your going to see a pullback to test it to see if the highs are a new level of support or just a fakeout. If bull pressure can snap it and really kick in you should be solid. If it hesitates then you know something is up.
All time highs are a great spot to look for a very long term position. 910.04 is your money level. Play the strategy to the book. We will be using the daily and the 3 day charts for this one. Will stay updated on tesla as I scout it.
Best of luck, enjoy your sunday and have a blessed day! 😁❤✌😁❤✌
⬇️ Drop some comments and let us know what you think will happen next! ⬇️
🥇MLT | MAJOR LEAGUE TRADER
Tesla Climbs The Highside. (TSLA)Symbol: TSLA
Massive size swings with the wild beast Tesla.
Late 2019 and 2020 have been a crazy ride from lows of $340 to the $905 range to only follow up with a drop to the mid 300s.
This one has the Volatility that you need as a trader. Awesome stock.
The breakout was around the $500 mark where the Crossover has been green since and with a fakeout to the downside 6 days ago.
As we approach and test these highs it's quite simple to understand that the 905.72 level is Resistance and we must break out. A break on 842.77 could be a nice breakout to play for a move up to the 905.72, than the test.
As we approach these levels we will pay close attention to the Crossover strategy for a signal of weakness to fire short.
If we fail to breach up, I than think a short to 672.64 for a test as support than a break down I think we go to 540.54.
Very high Volatility and lots of opportunity with tesla.
I will stay updated on this post for further tesla updates below.
Have an awesome trading week! ✌😁✌
TSLA printing a nice wedgeThis here is a really nice wedge that Tesla is printing. I think the stock will range now for most of the year.
Without Corona, I am very sure, we would be at prices of over 1000 USD now, but as it is, the stock must range and stabilize for a while.
Then, at the end of 2020, we will either see a large pump, or a dump, and the later pumps.
This will of course highly depend on the economic situation and how the Corona crisis will develop until then.
Knowing Tesla, I wouldn't be surprised if it would dump again, just to kill many shorters again, who will then short again like crazy.
Then, the ensuing rally to 1000+ will again, as always, totally destroy them, hahahaha. Every time again, just too funny to watch.
In any case, this wedge is an excellent opportunity to enter a longterm trade.
Here is why $TSLA is still WinningFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into my insights. The stock market didn't do so great today, and even with the -2.33% decrease today, you seen a Tesla high of $869.82. Tesla looks like it is getting close to the same retracement pattern as its February high. I previously predicting close to a $900 short + long potential days ago, and so far I'm not doing so bad timeline-wise as positive stock activity overall have still been pointing towards truth in this. A bad scenario would be $781.88 towards June for Tesla's stock price, which coincidentally is a retracement of the current price today. The optimal and expected scenario would be close to the $1000 price point late June, early July. Also, I am quite bullish on Tesla and many analyst give it a buy rating. The current spread for sell and buy prices for Tesla is only $16. This is a stock you can hold for a long position, or shorten and reinvest in the dip, and can really profit off if you know what you are doing.
Tesla (TSLA) - Opportunity to SELLHey everyone, here's the analysis on Tesla. Please give us a LIKE and leave a comment on ideas you would like to see next!
Summary:
As illustrated by the yellow dotted lines, price can rally higher to our R1 zone between 641.35 - 668.00 before dropping to our S1 zone between 502.00 - 524.00.
Action:
Sell Limit: 668.00
Stop Loss: 735.00
Take Profit: 524.00
Risk to Reward: 2.15
Analysis:
R1 is a key resistance zone on the weekly chart and a breakout zone where price saw a strong drop from. Given that current price is near the R1 zone, it could make a further push up to the R1 zone before a drop to our S1 zone. S1 is also a key support zone on the daily chart, hence, we will not play a move beyond that.
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TSLA might reverse soon from its long-term downtrendPre-markets indicate a positive open for TSLA stock, which might signal further upside potential at these levels, being close to cross its 100 day SMA and critical resistance at the 247.78 price level. CCI is currently strong at the 159 level, accompanied with a positive CMF. We will be waiting for strong Volume to confirm price action, before initiating a long position.
TSLA Long Position OpportunityTSLA price has broken out from a 6-months ranging inside a descending channel.
On top of that, price has steadily climbed along SMA20 and made a bullish cross over SMA50.
This had given further confirmation on a new uptrend which started in early June.
Taking the price level at early June as the swing point low stoploss, this trade would give a decent risk reward of at least 1:2