When Tesla Inc. ($TSLA) Moves Investors should Listen
August 14, 2023, 20:15 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TSLA
- Buy TSLA slightly over 211.18 target 271.12 stop loss @ 210.57 Details
The technical summary data tells us to buy TSLA near 211.18 with an upside target of 271.12. This data also tells us to set a stop loss @ 210.57 to protect against excessive loss in case the stock begins to move against the trade. 211.18 is the first level of support below 239.76 , and by rule, any test of support is a buy signal. In this case, support 211.18 is being tested, a buy signal would exist.
- Short TSLA slightly under 271.12, target 211.18, stop loss @ 271.9 Details
The technical summary data is suggesting a short of TSLA as it gets near 271.12 with a downside target of 211.18. We should have a stop loss in place at 271.9though. 271.12 is the first level of resistance above 239.76, and by rule, any test of resistance is a short signal. In this case, if resistance 271.12 is being tested, a short signal would exist.
Swing Trading Plans for TSLA
- Buy TSLA slightly over 243.06, target 271.12, Stop Loss @ 242.36 Details
If 243.06 begins to break higher, the technical summary data tells us to buy TSLA just slightly over 243.06, with an upside target of 271.12. The data also tells us to set a stop loss @ 242.36 in case the stock turns against the trade. 243.06 is the first level of resistance above 239.76, and by rule, any break above resistance is a buy signal. In this case, 243.06, 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 243.06, target 234.24, Stop Loss @ 243.76. Details
The technical summary data is suggesting a short of TSLA if it tests 243.06 with a downside target of 234.24. We should have a stop loss in place at 243.76 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, 243.06, 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 241.37, target 243.06, Stop Loss @ 240.81 Details
If 241.37 begins to break higher, the technical summary data tells us to buy TSLA just slightly over 241.37, with an upside target of 243.06. The data also tells us to set a stop loss @ 240.81 in case the stock turns against the trade. 241.37 is the first level of resistance above 239.76, and by rule, any break above resistance is a buy signal. In this case, 241.37, 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 241.37, target 236.57, Stop Loss @ 241.93. Details
The technical summary data is suggesting a short of TSLA if it tests 241.37 with a downside target of 236.57. We should have a stop loss in place at 241.93 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, 241.37, 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 August 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
152.91 |
| P2 |
236.57 |
234.24 |
211.18 |
| P3 |
241.37 |
243.06 |
271.12 |
AI Generated Signals for TSLA
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Tesla Inc. (NASDAQ: TSLA) report below is a real world example. Included are trading plans for TSLA, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TSLA:
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