TSLA Technical Analysis (TA) and GEX for Dec. 20
Market Context
Tesla showed weakness today, closing lower after a significant intraday decline. The price action reflects selling pressure with volume increasing during the latter part of the session, indicating bearish sentiment.
1. Key Levels
* Support:
* $425.00: Put Wall support and critical level for a bounce.
* $420.00: Next downside target in case of further weakness.
* Resistance:
* $437.85: Immediate resistance, aligned with price rejection today.
* $445.00: Gamma level resistance that needs volume to break.
* $460.00: Significant GEX resistance above, unlikely to be tested tomorrow unless strong buying resumes.
2. Price Action Insights
* Tesla has broken out of a rising trendline, forming a bearish structure on the hourly chart.
* The current descending price channel indicates further downside unless $437 is reclaimed quickly.
* Intraday volume spiked during the sell-off, suggesting bearish conviction.
3. Indicators Analysis
* 9 EMA and 21 EMA:
* Both are trending downward, reflecting short-term bearish momentum.
* MACD:
* Bearish crossover on the hourly and 2-minute charts confirms the downtrend.
* Options Oscillator:
* Call activity still dominates at 105.2% GEX, but bearish price action overshadows sentiment.
4. GEX Analysis
* Gamma Levels:
* $430.00: High Volatility Level (HVL); this is the pivot for tomorrow’s trading.
* $445.00: Major call wall resistance.
* $425.00: Key put wall support.
* $420.00: Critical gamma floor; breaching this signals further bearish pressure.
Trading Outlook for Tomorrow
Bullish Scenario:
* A recovery above $430 with volume could target $437 and possibly $445.
Bearish Scenario:
* Failure to hold $425 leads to $420, with further downside potential if selling accelerates.
Neutral/Range-Bound Scenario:
* Likely consolidation between $425 and $430, given today’s sharp decline and investor caution.
Actionable Suggestions
* Entry:
* Bullish: Above $430 for a move toward $437 and $445.
* Bearish: Below $425 for a drop toward $420.
* Stop-Loss:
* Long: Below $425.
* Short: Above $430.
* Scalping Opportunity:
* Quick trades between $425–$430 with tight risk management.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform due diligence and manage risk appropriately before trading.
Tesla showed weakness today, closing lower after a significant intraday decline. The price action reflects selling pressure with volume increasing during the latter part of the session, indicating bearish sentiment.
1. Key Levels
* Support:
* $425.00: Put Wall support and critical level for a bounce.
* $420.00: Next downside target in case of further weakness.
* Resistance:
* $437.85: Immediate resistance, aligned with price rejection today.
* $445.00: Gamma level resistance that needs volume to break.
* $460.00: Significant GEX resistance above, unlikely to be tested tomorrow unless strong buying resumes.
2. Price Action Insights
* Tesla has broken out of a rising trendline, forming a bearish structure on the hourly chart.
* The current descending price channel indicates further downside unless $437 is reclaimed quickly.
* Intraday volume spiked during the sell-off, suggesting bearish conviction.
3. Indicators Analysis
* 9 EMA and 21 EMA:
* Both are trending downward, reflecting short-term bearish momentum.
* MACD:
* Bearish crossover on the hourly and 2-minute charts confirms the downtrend.
* Options Oscillator:
* Call activity still dominates at 105.2% GEX, but bearish price action overshadows sentiment.
4. GEX Analysis
* Gamma Levels:
* $430.00: High Volatility Level (HVL); this is the pivot for tomorrow’s trading.
* $445.00: Major call wall resistance.
* $425.00: Key put wall support.
* $420.00: Critical gamma floor; breaching this signals further bearish pressure.
Trading Outlook for Tomorrow
Bullish Scenario:
* A recovery above $430 with volume could target $437 and possibly $445.
Bearish Scenario:
* Failure to hold $425 leads to $420, with further downside potential if selling accelerates.
Neutral/Range-Bound Scenario:
* Likely consolidation between $425 and $430, given today’s sharp decline and investor caution.
Actionable Suggestions
* Entry:
* Bullish: Above $430 for a move toward $437 and $445.
* Bearish: Below $425 for a drop toward $420.
* Stop-Loss:
* Long: Below $425.
* Short: Above $430.
* Scalping Opportunity:
* Quick trades between $425–$430 with tight risk management.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Always perform due diligence and manage risk appropriately before trading.
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