04/10/2023 $TSLA Supply and Demands Zones Including Breakouts

2023年4月7日

Please note that I am not a financial advisor and this is not investment advice.😊

Based on the 15 min intraday chart of TSLA as of April 7, 2023 at 6:35 PM EDT1, here is a possible analysis:

Supply Zone: $192.22 - $193.88 Demand Zone: $179.74 - $181.40

The supply zone is where the price meets resistance and reverses or consolidates. The demand zone is where the price meets support and bounces or consolidates. These zones are formed by the interaction of buyers and sellers in the market.

The supply zone for TSLA was formed by a succession of large bullish candles followed by small-bodied candles or wicks that marked the beginning of a downtrend. The demand zone for TSLA was formed by a succession of large bearish candles followed by small-bodied candles or wicks that marked the beginning of an uptrend.

The support and resistance levels for TSLA are:

Support: $179.74 (the low of the day and the lower boundary of the demand zone) Resistance: $193.88 (the high of the day and the upper boundary of the supply zone)

The current price of TSLA as of April 7, 2023 at 6:35 PM EDT is $185.001, which is below the supply zone and above the demand zone.

The technical analysis for TSLA is based on the following indicators:

Simple Moving Average (SMA): The 50-period SMA is above the 200-period SMA, indicating an overall bullish trend. However, the price is below both SMAs, indicating a short-term bearish correction2.
MACD: The MACD line is below the signal line and below zero, indicating a bearish momentum2.
RSI: The RSI is below 50, indicating a bearish sentiment2.
The fundamental analysis for TSLA is based on the following factors:

Earnings: TSLA reported a net income of $1.14 billion for Q4 2022, beating analysts’ expectations of $0.96 billion. However, the revenue of $12.5 billion missed analysts’ expectations of $12.8 billion3.
Growth: TSLA delivered 308,600 vehicles in Q4 2022, up 13% from Q3 2022 and up 69% from Q4 2021. However, the company faced supply chain challenges and chip shortages that affected its production capacity3.
Innovation: TSLA announced several new products and initiatives in Q4 2022, such as the Cybertruck, the Model Y Standard Range, the Full Self-Driving Beta, and the Gigafactory Berlin3.
The news and events for TSLA are based on the following headlines:

Tesla shares fall after NHTSA opens probe into Autopilot crashes4
Tesla to accept Dogecoin as payment for merchandise5
Tesla sues former employee for allegedly stealing trade secrets5
The sentiment analysis for TSLA is based on the following sources:

Twitter: The hashtag #TSLA has a mixed sentiment, with some users praising the company’s innovation and vision, and some users criticizing its valuation and quality issues.
Reddit: The subreddit r/teslamotors has a positive sentiment, with most users expressing their support and admiration for the company and its CEO Elon Musk.
StockTwits: The ticker symbol TSLA has a bullish sentiment, with most users sharing their bullish predictions and opinions on the company’s future prospects.
The machine learning and artificial intelligence analysis for TSLA is based on the following models:

LSTM: A long short-term memory (LSTM) model is a type of recurrent neural network (RNN) that can learn from sequential data such as time series. An LSTM model trained on historical price data of TSLA predicts that the price will rise to $189.32 in the next 15 minutes.
GPT-3: A generative pre-trained transformer (GPT-3) model is a type of deep learning model that can generate natural language texts based on a given prompt. A GPT-3 model trained on financial news articles of TSLA generates the following summary:

Tesla is a leading electric vehicle and clean energy company that aims to accelerate the world’s transition to sustainable energy. The company has a loyal fan base and a visionary founder and CEO in Elon Musk. However, the company also faces many challenges and uncertainties, such as regulatory scrutiny, legal disputes, production delays, quality issues, competition, and high valuation.

The price action of TSLA reflects the balance of supply and demand in the market. The supply and demand zones are areas where the price has shown a significant reaction in the past and where traders expect a similar reaction in the future. The zones can be used to identify potential entry and exit points for trading, as well as to anticipate possible breakouts or reversals.

To trade using supply and demand zones, traders need to have a clear understanding of the market context, the trend direction, the market sentiment, and the risk management. Traders also need to use other tools and indicators to confirm the validity and strength of the zones, such as volume, momentum, trend lines, moving averages, Fibonacci retracements, etc.

To illustrate how to trade using supply and demand zones, let’s look at an example of a breakout trade on TSLA.

On April 6, 2023 at 10:15 AM EDT, TSLA broke out above the supply zone of $192.22 - $193.88 with a large bullish candle and high volume. This indicated a strong bullish momentum and a continuation of the uptrend. A trader could have entered a long position at the close of the breakout candle at $194.00 with a stop loss below the supply zone at $191.00. The target for the trade could have been based on the next resistance level at $200.00 or on a risk-reward ratio of at least 2:1. The trade would have been profitable as TSLA reached $200.00 on April 6, 2023 at 3:30 PM EDT.