Tesla's Wave 5 is active, if the 200DMA Support Succeed, Price Targets to $300

Trend_Radar
01-10

$Tesla Motors(TSLA)$ does entering into a buying zone (Jan 9)

Disclaimer: Please note that the information provided in this stock analysis article is for educational and informational purposes only. It should not be considered as financial advice.

China Update:

  • In December, nearly 76,000 Tesla vehicles were sold domestically in China, almost setting a record.

  • Q4 sales in China totaled almost 170,000, marking a record quarter.

  • Model 3 wholesale sales set a record figure, indicating strong production.

  • Full-year figures show a 37% YoY increase in domestic sales and a 27% increase in exports, both setting records.

  • Be reminded that, $Tesla Motors(TSLA)$ going to report earnings on 01/24/2024 after market close. The report will be for the fiscal Quarter ending Dec 2023.

Chart Reading:

November 22nd 2023, I did posted that <<🎁Once $TSLA Stood Above the 60SMA, it Can Accelerate an Elliott Wave 5?>>

Chart on 22 Nov. 2023：

Chart on 22 Nov. 2023

Chart on 9 Jan 2024：

Chart on 9 Jan 2024

Now it seems that $Tesla Motors(TSLA)$ has launched a wave of Wave 5. Once established, it will definitely exceed the previous high of $300.

Tesla has now fallen back above the GAP left in November, and is on the 5-day and 200-day moving averages. If this support is effective, it will be a good entry area.

Once Tesla falls below the line to fill the gap, then the trend turns more volatile.

As of post time, $Tesla Motors(TSLA)$ was slightly up 0.26% before the market opened.

$150 or $100? PT for Tesla After Earnings?
Cathie Wood adds more than $32 million worth of Tesla shares amid 12% sell-off. -------------------- Will you buy Tesla under $200? What's your target price for Tesla?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Shyon
    01-11
    Shyon
    $Tesla Motors(TSLA)$ remains a highly watched stock in the market, with its daily price movements offering significant insights for investors. It is good to discover that Tesla has launched a wave of Wave 5 Elliott Wave. In short term, it is still bearish while in long term, it starts to form a slow uptrend. I do believe Tesla will continue to challenge new high in long term. However, the EV stocks are mostly weak and not as bullish as semiconductor sector now. Thing will get better over the time. Let's the deliveries talk. Without doubt, it's a good price to enter Tesla now. Hopefully there will be a big turning point during incoming or next next earnings call. All the best to Tesla holders.
  • LMSunshine
    01-11
    LMSunshine
    Thanks loads @Trend_Radar for this AWESOME post👍👍👍 Please share more of these posts❣️ @SR050321 @GoodLife99 Are you holding TSLA?
    • GoodLife99ReplyLMSunshine: 
      [OK] [Like] [Love]
    • LMSunshineReplyGoodLife99: 
      Welcome rem u mentioning about TSLA so tagged u in this post, 👍 info for our trading.
    • GoodLife99: 
      no.....I don't have any [Facepalm] [Cry], 😭😢 zero bullets, but thanks for sharing! [love you] really appreciated 💋
  • Trend_Radar
    01-11
    Trend_Radar

    5 Questions for Tigers:

    1. With $Tesla Motors(TSLA)$ about to release its financial report, what are your expectations for the company's future performance?

    2. What notable achievements and performances do you think $Tesla Motors(TSLA)$ might have accomplished in the past quarter?

    3. After the financial report is released, do you plan to adjust or increase your holdings of $Tesla Motors(TSLA)$ stocks? Why or why not?

    4. What is your perspective on $Tesla Motors(TSLA)$ 's position and competitive advantages in the global electric vehicle market?

    5. Are there specific financial indicators or performance data that you are most focused on in $Tesla Motors(TSLA)$ 's financial report?


  • Aqa
    02-17
    Aqa
    Have confidence in $Tesla Motors(TSLA)$ for long term. Thanks very much for tag @Shyon
  • nomadic_m
    01-11
    nomadic_m
    back in Nov, we anticipated for $Tesla Motors(TSLA)$ cybertruck. What's the next big news
  • hansenwxz
    01-10
    hansenwxz
    Thank you
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