TESLA Stock - Has TSLA Bottomed Here?

TheTeslaGuy
28 Aug 202512:25

Summary

TLDRIn this Tesla update video, the creator provides an in-depth technical analysis of Tesla stock, discussing recent price movements, Fibonacci retracement levels, and potential short-term dips. While acknowledging possible minor pullbacks to key support levels around $330–$335, the overall outlook remains bullish, supported by daily, weekly, and monthly MACD and EMA indicators. The video also highlights upcoming catalysts, such as Elon Musk's compensation update, and examines options flow for additional market insight. Viewers are guided through potential trading scenarios, emphasizing patience, risk-reward strategies, and the broader trend toward higher price targets in the weeks ahead.

Takeaways

  • 😀 Tesla stock closed the day down 1%, just shy of $350 per share, which is slightly underperforming the market.
  • 😀 Despite a recent dip, Tesla bounced off a key Fibonacci level at $340, suggesting potential for further movement.
  • 😀 The speaker anticipates one more potential dip in Tesla's price next week, possibly down to the 0.5 or 0.618 Fibonacci levels ($335 - $330).
  • 😀 A break above the mid to low $350 range is necessary to confirm a bullish trend and turn previous resistance into support.
  • 😀 Short-term chart patterns are showing a bearish flag, but longer-term indicators, such as weekly and monthly charts, remain bullish.
  • 😀 The weekly MACD indicator has flipped green, signaling a possible continuation of the upward trend, with a target of $365-$380 within the coming weeks.
  • 😀 Tesla's monthly chart is showing two consecutive inside candles (May and June), indicating potential for a breakout if the price closes above $338.
  • 😀 September is historically a weaker month for stocks, but Tesla's setup suggests it could continue to rise if the larger trend holds.
  • 😀 The catalyst for Tesla's potential rise to $380 could be an expected positive update on Elon Musk's compensation plan in early September.
  • 😀 While some bearish options activity was noted (2.3 million puts), the overall options flow has been slightly bullish, suggesting a mixed sentiment in the market.
  • 😀 The speaker emphasizes patience and caution, highlighting that the bullish trend could take weeks to fully develop, with price movements fluctuating along the way.

Q & A

  • What was Tesla's closing stock price in the video?

    -Tesla closed just shy of $350, specifically around $346 per share.

  • What technical indicators were highlighted for analyzing Tesla stock?

    -The video mentioned Fibonacci retracements, 9 and 21 exponential moving averages (EMA), 4-hour and 1-hour SMI, daily and weekly MACD, and monthly candles.

  • What short-term price levels should traders watch for Tesla according to the video?

    -Traders should watch the low to mid 350s as resistance and potential support, the 0.5 Fibonacci at around $335, and the 0.618 Fibonacci at around $330.

  • What does a bounce off the 9 EMA and the 0.382 Fibonacci level indicate?

    -It indicates a potential short-term bullish retracement, suggesting that Tesla may stabilize or experience a minor upward movement after the pullback.

  • What is the significance of turning resistance into support in Tesla's stock analysis?

    -Turning a resistance level, such as the low to mid 350s, into support is a bullish signal, indicating that previous selling pressure is weakening and buyers are stepping in to maintain higher prices.

  • What does the weekly MACD signal about Tesla's stock trend?

    -The weekly MACD has turned green after a long sideways consolidation, forming higher highs and higher lows, which is a bullish indicator for Tesla's medium-term trend.

  • What potential short-term price movement is considered possible for Tesla?

    -A minor bounce up to $350–$351 could occur, followed by one more dip to either the 0.5 Fibonacci around $335 or the 0.618 Fibonacci around $330 before resuming the bullish trend.

  • How does the monthly candle affect Tesla's outlook?

    -If Tesla closes the monthly candle above roughly $338, it would signify a bullish breakout from two consecutive inside monthly candles, adding to the overall bullish outlook.

  • What external catalyst could drive Tesla stock higher according to the video?

    -A positive update on Elon Musk's compensation plan, expected in the first half of September, could act as a catalyst to push Tesla stock to the $380s or even higher.

  • What does the options flow reveal about market sentiment?

    -The options flow was mixed but slightly bullish, although there was a notable purchase of 2.3 million in-the-money puts at $375 for the next day, which is unusual and worth monitoring.

  • What is the overall sentiment of the video regarding Tesla's stock?

    -The overall sentiment is bullish, especially on weekly, monthly, and daily charts, with a potential for short-term dips but an expectation of higher highs in the coming weeks.

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Related Tags
Tesla StockMarket UpdateTechnical AnalysisStock TradingInvesting TipsOptions FlowBullish TrendsFibonacci LevelsElon MuskNASDAQWeekly OutlookMonthly Analysis