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TSLA Weekly Longterm LONGTSLA is here on the weekly chart. I have added a couple of anchored VWAPs and their standard deviations to the chart itself. The two indicators are the zerio-lag MACD which shows upgoing lines crossing the zero horizontal line and a positive histogram. The Price Volume Trend indicator shows a cross and consistent upgoing action since February 1, 2023. The chart itself shows price to have crossed over the two mean VWAPs 4 weeks ago which is confirm- atory for bullish momentum. TSLA pivoted up from the second deviation below the mean VWAPs about February 1st. My target is $360 the present level of the second deviation lines (red) above the mean VWAP confluent with the horizontal resistance zone of the highs from November 2022 January 2023 and April 2023 all a triple top of sorts. I am highly bullish on TSLA overall given its progress in autonomous driving, charging station station infrastructure, deal making with F GM and RIVN insofar as charging standards and cooperative ventures as well as obvious signs of growth with Cybertruck production, and new plants in Mexico and potentially Spain and India. I have purchased ten options striking $350 with a December 2023 expiration. I have call options expiring in August and September. I expect to roll them out for more than a year to minimize the tax treatment of expected significant profits.
NASDAQ:TSLALong
by AwesomeAvani
1
TSLA Swing Trading PlanWhile trading off a 2H chart, I have marked pivots with vertical lines. Pivot points are also supported by findings on the three indicators- the price-volume trend, the stochastic RSI and the normalized MACD. The trade plan is quite simple. Upon a pivot low I will buy 3 shares. The actual entry will be made more precisely on the 15 minute chart. Upon a pivot high, I will sell one share to realize that profit. Likewise, the actual exit will be made more precisely on a 15-minute chart. This more or less is a modification of a zig-zag type strategy. Staying on a 2H chart will avoid chasing minor trends and allow trend following of the super trend. In doing so , the trades will be less frequent but will better accuracy and perhaps better gain. For risk management. I will not buy any shares when there is any risk in the trade at all or any of the indicators are even remotely suggestive of bearish divergence or overall trading volume day on day seems to be decreasing.
NASDAQ:TSLALong
by AwesomeAvani
Is TSLA overbought and ready for a retracement?TSLA has run up over 100% this year in two separate waves. Some traders based on the the magnitude of the current wave say it is overbought? But is it or are they just trying to rationalize a short trade at what they think is the top? Are Jim Cramer and Kathie Wood wrong? On the daily chart of TSLA, I have added a long term volume profile, an anchored VWAP with lines for the mean and = /1 two standard deviations. I have drawn two zones of horizontal resistance based on pivots in the past couple of years. Zero-lag MACD and RSI indicators are added as well. I make the following points: (1) Price is above the high volume area of the profile but not significantly so. (2) Price is below the resistance zones and TSLA may have enough momentum to break through them without hesitation. (3) Price has crossed over the mean anchored VWAP but has a long way to go before it ascends to the second standard deviation where institutional traders may be prone to take short positions ( overbought) (4) The MACD indicator shows K/D lines in parallel and ascending above the histogram. With no lag to contend with a cross of the lines would be an early indication of an overbought condition. Bearish divergence would suggest TSLA is overbought but there is none. (5) The better RSI indicator shows the value rising from 40 to 70 in the current uptrend. A rise over 80 and then a drop to show bearish divergence would be an indication of an overbought condition. This has not occurred. Based on all of this, I can easily conclude that TSLA is not overbought. Any traders who say it is overbought may be simply trying to discourage further buying. I suppose that they might do so because they are in a short position that is now essentially self-liquidating. If that is the case, their better approach might be to get rid of their position, buy to cover and help TSLA move higher. I will continue to try to add to my long position in TSLA when I see daily lows on the 15 or less-minute time frame. From the overhead resistance, I can appreciate there is still significant profit potential with TSLA especially since the resistance may evaporate away letting TSLA bull run its way " blue sky".
NASDAQ:TSLALong
by AwesomeAvani
5
TSLA is pushing againTSLA on the 4H chart started 2023 with an upward trend taking it from basically $100 to a doubling by February 15th then a reversal in a fibonacci retracement fashion to mid level level by March 10th with a bounce up and then resettled in the same area by April 20th then holding above the upper of a VWAP band until its reversal a week later. At present, TSLA is pushing higher and has crossed ever a low VWAP band as well as the mean from the anchored VWAPs. TSLA reversed on April 27th at the bottom of the high-volume area of the profile and is now progressing through it. I believe that this is a good long setup. The stop is VWAP at $178 The target is $ 196 which is the neckline of the head and shoulders from February as well as the April 1 pivot high. i believe that TSLA has enough interest and typical momentum to push $10-11 despite headwinds like interest rates and loss of market share in China and the Nordic countries due to USD strength. The volume indicator shows relatively high volume compared with this past winter. I think this accumulation will result in price appreciation as things progress ( as per Wycoff).
NASDAQ:TSLALong
by AwesomeAvani
bull flag on 2hr Chart of $tsla target $200reviewing the 2hr time frame I have a Bull Flag set up with a price target of $200.00 there is a bullish cypher set up w/ price action currently near B leg, which is currently acting as resistances. I anticipate price action to return to C leg of the bullish cypher which I have at $200.00 I've already done a weekly Technical Analysis on Tesla with a projection of $310.00, the $200.00 price target is for short term trading, but this is also a good entry point for a long term hold. On the weekly chart, there is a Cup/handle pattern that needs to breakout above $215.. See below the weekly chart for $tsla
NASDAQ:TSLALong
by moneyflow_trader
11
TSLA Future Outlook | Technical Analysis | Support & Resistance - TSLA is currently in a neutral trend, sitting close to support but also right under 186.5 range resistance - TSLA has been performing relatively weaker than QQQ as of this week. - Earnings seasons are coming up and there's fear of earnings recession so either earnings come in normal and the fear alleviated and we get bull moves or vice versa. - QQQ also closed right at resistance on Friday, if QQQ dont continue moving higher its going to drag TSLA down as well.
NASDAQ:TSLALong
by ArcadiaTrading
4