Learn to Evaluate Tesla Inc. ($TSLA) using the Charts

September 03, 2023, 00:45 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TSLA

• Buy TSLA slightly over 215.10 target 274.17 stop loss @ 214.48 Details

The technical summary data tells us to buy TSLA near 215.10 with an upside target of 274.17. This data also tells us to set a stop loss @ 214.48 to protect against excessive loss in case the stock begins to move against the trade. 215.10 is the first level of support below 245.01 , and by rule, any test of support is a buy signal. In this case, support 215.10 is being tested, a buy signal would exist.

• Short TSLA slightly under 274.17, target 215.10, stop loss @ 274.96 Details

The technical summary data is suggesting a short of TSLA as it gets near 274.17 with a downside target of 215.10. We should have a stop loss in place at 274.96though. 274.17 is the first level of resistance above 245.01, and by rule, any test of resistance is a short signal. In this case, if resistance 274.17 is being tested, a short signal would exist.

Swing Trading Plans for TSLA

• Buy TSLA slightly over 245.17, target 261.43, Stop Loss @ 244.46 Details

If 245.17 begins to break higher, the technical summary data tells us to buy TSLA just slightly over 245.17, with an upside target of 261.43. The data also tells us to set a stop loss @ 244.46 in case the stock turns against the trade. 245.17 is the first level of resistance above 245.01, and by rule, any break above resistance is a buy signal. In this case, 245.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TSLA slightly near 245.17, target 215.10, Stop Loss @ 245.88. Details

The technical summary data is suggesting a short of TSLA if it tests 245.17 with a downside target of 215.10. We should have a stop loss in place at 245.88 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 245.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TSLA

• Buy TSLA slightly over 245.17, target 258.54, Stop Loss @ 244.6 Details

If 245.17 begins to break higher, the technical summary data tells us to buy TSLA just slightly over 245.17, with an upside target of 258.54. The data also tells us to set a stop loss @ 244.6 in case the stock turns against the trade. 245.17 is the first level of resistance above 245.01, and by rule, any break above resistance is a buy signal. In this case, 245.17, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TSLA slightly near 245.17, target 215.10, Stop Loss @ 245.74. Details

The technical summary data is suggesting a short of TSLA if it tests 245.17 with a downside target of 215.10. We should have a stop loss in place at 245.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 245.17, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Tesla Inc. (TSLA) available here: TSLA.

TSLA Ratings for September 03:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	158.34
P2	258.54	245.17	215.10
P3	266.23	261.43	274.17

AI Generated Signals for TSLA

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Tesla Inc. (NASDAQ: TSLA) report below can help you understand how to do this. The trading plans for TSLA, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.