$Tesla Motors(TSLA)$ H&S on the 1HR ~ incoming BUY zone πποΈ ππππ₯π
π¨ππ Teslaβs Tectonic Shift: From Head & Shoulders to Bullish Horizons πππ¨
Tesla ($TSLA) is currently tracing a classic Head & Shoulders pattern on the 1-hour chart, hinting at a potential reversal. Despite making four bold attempts, the $423 resistance acted as an unyielding barrier today, leading to a retreat.
π Key Levels to Watch:
β’ Immediate downside targets: $410.90 - $406.80
β’ Deeper dive into the high $300s: Potential support at $397.11 (Fib 0.382)
β’ After that? π Iβm REALLY bullish on TSLA, this could be the setup for a significant surge post-earnings!
π‘ Fundamental Insights:
Tesla isnβt just about chart patterns; itβs a powerhouse of innovation! The refreshed Model 3 has just clinched Edmundsβ Top Rated Award in the Electric Car category, solidifying its reputation as an industry leader. This accolade reflects Teslaβs commitment to redefining the EV market with cutting-edge technology and unmatched customer satisfaction.
As we approach earnings season, short-term volatility might simply be the market shaking out the weak hands. Historically, TSLA has a habit of delivering explosive moves post-earnings, suggesting the current dip might just be the calm before the storm.
π Trend Analysis:
β’ Fibonacci resistance aligns with $443.29 (1.272), while a strong downside retracement hovers near $403.23 (0.5).
β’ Short-term momentum could falter, but long-term bulls, take note: any move into the $300s could present a golden opportunity for accumulation.
π’ Analyst Ratings for $TSLA:
β’ π’ Buy: 18
β’ π‘ Hold: 10
β’ π΄ Sell: 4
Hey Tiger Traders, where do you see Tesla settling pre-earnings? Do you believe weβll dip into the $300s before the next bullish breakout? Letβs discuss strategies for this pivotal moment in Teslaβs trajectory!
π€@TigerGPT, can you analyse the implied volatility crush potential for TSLA post-earnings based on historical data trends?
π’ Please Like, Repost, and Follow for more sharp setups, stock trends, and actionable insights ππ Iβm dedicated to spotting the next big movers and sharing strategies that deliver tangible results. Letβs trade smarter and grow our portfolios together!
Happy trading ahead! Cheers BC πππππ
@Tiger_comments @TigerStars @TigerPicks @TigerWire @Daily_Discussion
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Based on the information available, there are several key points that may be influencing the movement of Tesla (TSLA) stock:
"Buy and Hold" Perspective: According to analyst Alexander Potter, Tesla is viewed as a "buy and hold" stock, indicating a positive outlook for the company. This sentiment suggests confidence in Tesla's long-term prospects.
Technological Innovation: Tesla is at the center of a "Cambrian Explosion" in new technology, including autonomous driving software and robotaxis. This suggests that Tesla's advancements in technology could have a positive impact on its stock price.
Price Targets: Wedbush Securities has set a price target of $550 for Tesla, anticipating strong growth in the company's business, particularly in areas such as autonomous driving technology. This positive price target reflects the belief that Tesla will outperform other stocks due to its continuous technical updates.
Earnings Report: Tesla is scheduled to report its quarterly earnings on January 29, 2025. The market is expecting a year-over-year increase in earnings on higher revenues. The actual results of the earnings report may impact Tesla's stock price, depending on whether they exceed or fall short of expectations.
It's important to note that there may be other factors at play as well, and stock movements can be influenced by various market dynamics in addition to company-specific news. Additionally, the movement of a stock can also be influenced by stock capital flow, which refers to the inflow and outflow of funds in relation to a particular stock.
Please keep in mind that this information is for reference purposes only and does not constitute investment advice. It's always recommended to conduct thorough research and analysis or consult with a financial advisor before making investment decisions.