Tesla
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TESLA: Consolidation in short term?

ที่อัปเดต:
Hello everyone!
In the last few weeks we have been following TTESLA (see chart below) trying to take a long position around the bottom (weekly support). That said, the triggered rally was very interesting, the value has almost doubled in less than a month and if we look at the intraday chart (1h), we see the rally developed with a bullish impulsive structure. From a technical point of view, the structure could be completed, or almost completed (see resistance area just above) and some corrective structure in short term cannot be excluded. If the bullish impulse will not be stopped by resistance area around 200/208, a rally continuation at 230 area is possible, before a corrective structure. In a similar context, often the consolidation pushes the price around wave (IV), we will see.


On Daily Chart (Log Scale), short and long-term trend is still bullish, but in the medium term, a consolidation phase cannot be ruled out, which should not, however, destroy the current trend.
สแนปชอต


As we have already mentioned, we followed the rally as shown on chart below:
(Click and Play on Chart)
TESLA: Buy the dip Strategy in short-medium term


So, technically speaking, if any reversal patterns will appear on intraday chart, it should develop at least two bearish legs, so after the first bearish leg develops, use the technical rebound to try short position taking.

...trade with care! 👍
Cheers!

N.B.: Updates will follow below

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...consolidation?
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สแนปชอต
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Tesla’s earnings beat has shown that despite rising electricity prices and lowered demand – EVs are still in.

Tesla has announced its Q4 earnings results which surpassed analyst expectations. The Musk-led EV giant reported earnings to have beaten predictions of $1.13 per share with $1.19, and also beat revenue expectations of 24.16bn with 24.32bn reported. Its automotive revenue came in at 21.3bn – marking a 33% increase from the same quarter a year ago.
The positive results were in part due to the price of its electric vehicles being slashed in 2022 – a move which seems to have done wonders for Tesla’s sales. Musk said on a call with shareholders that during this month, the company had seen the best orders YTD in its history. People can’t resist a deal, it would seem.
Tesla’s also ramping up production at its factories for the coming year – which has some analysts confused as to why the EV giant hasn’t increased its production target to match. Musk’s justification was that unforeseen circumstances could interrupt its production levels. Though with its share price up by 33% YTD, Tesla looks ready to shake off the slump.
tradingview.com/symbols/NASDAQ-TSLA/financials-income-statement/
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Tesla raised the price of its Model Y vehicle by $1,000 after the US government increased the price ceiling of crossover electric vehicles eligible for tax credits, Reuters reported Saturday.
Tesla's Model Y Long Range now sells at $54,990 and the Model Y Performance at $57,990, an increase of $1,000 each, the report said. The increase was the second for the Model Y Long Range over the past two weeks, according to the report.
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consolidation?
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My short position is slightly distressed, but I currently hold it…
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I had taken two short positions (200 and 207), now I closed the first and let the second run...
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