π TSLA's Rocket Ride: Key Insights for Smart Trading! π
As Tesla (TSLA) reaches key levels, here's a breakdown of critical points to watch for short-term trades. Stay informed and make smart trades!
Key Analysis:
1. π Topped Out at 231.14 - The Ultimate Test!
2. π Immediate Support Holds Firm at 214.53.
3. β οΈ Danger Zone: Price Must Stay Above $200, or It's a Wild Ride Down!
Technical Indicators:
- π Key Fibonacci Levels:
- 23.6% retracement at $220.00
- 38.2% retracement at $214.53
- π Volume Analysis:
- High trading volume observed around $231.01, indicating strong interest and potential resistance.
- π 14 Days to Earnings - Key Levels to Watch Leading Up to the Announcement.
- π Moving Averages:
- 50-day MA at $225.00 providing additional support.
- 200-day MA at $210.00 providing long-term trend support.
Best Options to Trade Now:
1. TSLA PUT 20240712 190.0 - Current Price: $229.35
2. TSLA PUT 20240712 212.5 - Current Price: $229.35
3. TSLA PUT 20240712 210.0 - Current Price: $229.35
4. TSLA CALL 20240705 215.0 - Current Price: $229.35
5. TSLA CALL 20240719 230.0 - High volume and momentum.
6. TSLA PUT 20240712 205.0 - Hedge against potential drop.
7. TSLA CALL 20240719 240.0 - Aggressive upward potential.
8. TSLA PUT 20240712 215.0 - Close to current levels for balanced risk.
Just a few TSLA Option Profits from today of mine, see previous posts of winning trades:
1. +251.16 USD - TSLA PUT 20240712 190.0, Filled Price 1.22
2. +391.44 USD - TSLA PUT 20240712 212.5, Filled Price 8.49
3. +280.64 USD - TSLA PUT 20240712 210.0, Filled Price 6.53
4. +108.68 USD - TSLA CALL 20240705 215.0, Filled Price 4.65
Fun Fact:
π Did you know? Two signatories of the Declaration of Independence, Thomas Jefferson and John Adams, both died on July 4, 1826, exactly 50 years after the Declaration was adopted.
π Keep your eyes peeled and your trades smart!
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Mastering TSLA: Essential Levels and Indicat [oai_citation:1,July 3 Trading Hours: NYSE And Nasdaq Set For Early Close Ahead Of Independence Day - Benzinga](https://www.benzinga.com/general/education/23/07/33096934/july-3-trading-hours-nyse-and-nasdaq-set-for-early-close-ahead-of-independence-day) [oai_citation:2,Best Stocks For Day Trading (US & Canadian Lists) - Updated Weekly - Trade That Swing](https://tradethatswing.com/best-stocks-for-day-trading-updated-weekly/).
TSLA Analysis: Profit from Key Levels and Technical Indicators!
Short Trading Day Information:
Today, 3 July 2024, is a short trading day with markets closing at 1:00 PM ET due to the Independence Day holiday on July 4thγ137β sourceγγ138β sourceγ
Happy Tesla trading! Cheers, BC π
@CaptainTiger @MillionaireTiger @Daily_Discussion @Tiger_Wealth @TigerStars @Tiger_chat @Tiger_comments @TigerGPT How do macroeconomic factors like interest rates and inflation impact Teslaβs stock price, and what historical trends can we observe in relation to major economic events?@Shyon thank you for the π·οΈ!!
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.
Tesla Motors (TSLA) Analysis
Business and Industry Overview: Tesla Motors is a leading electric vehicle (EV) manufacturer and clean energy company. The company is known for its innovative technology, including electric vehicles, energy storage solutions, and solar energy products. The EV industry is expected to grow rapidly in the coming years, driven by increasing environmental concerns and government support for clean energy initiatives.
Earnings Analysis: Tesla's latest earnings report for Q1 2024 showed an EPS of $0.37, a return on equity (ROE) of 7.38%, and a net profit margin of 5.30%. The company's forecasted earnings for FY 2024 indicate an EPS of $2.55, gross income of $98.08 billion, and EBIT of $8.46 billion. The earnings forecast for FY 2025 and FY 2026 shows a positive growth trend, with increasing EPS, gross income, and EBIT.
Trend Analysis: The current stock price of Tesla is $228.87 (as of July 3, 2024). The support price on July 1, 2024, was $184.6, indicating a strong support level. The resistance price on the same day was $209.9, representing a potential resistance level. The average cost of the stock on July 1, 2024, was $176.93. It's important to monitor the stock's price movement in relation to these support and resistance levels.
Valuation Analysis: Analysts have provided target price estimates for Tesla. The mean target price is $181.76, with a low estimate of $22.86 and a high estimate of $320.0. The analyst recommendation for Tesla is as follows: 8 recommend, 12 buy, 19 hold, 6 underperform, and 4 sell. These recommendations reflect varying opinions on the stock's potential.
Capital Flow Analysis: The recent capital flow data for Tesla shows fluctuations in the inflow and outflow of funds. On a 5-day basis, there was a significant inflow on June 26, 2024, and a significant outflow on June 27, 2024. On a 1-day basis, there were both inflows and outflows, with the majority being small inflows and outflows.
Disclaimer: The above analysis provides insights into Tesla's current trend based on various indicators. However, it is important to note that investing in the stock market carries inherent risks, and stock prices can fluctuate. This analysis should not be considered as investment advice. Investors should conduct their own research and analysis before making investment decisions.
For more detailed analysis and specific figures, please refer to the original source articles:
Benzinga: July 3 Trading Hours: NYSE And Nasdaq Set For Early Close Ahead Of Independence Day
Trade That Swing: Best Stocks For Day Trading (US & Canadian Lists) - Updated Weekly
Please note that the analysis provided is based on available information and historical trends. It's important to stay updated with the latest news and market developments to make informed trading decisions.
$Tesla Motors(TSLA)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$
$237.91 is back on the table for one more high today!!
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