TSLA Tesla 2-Hour Chart; Oversold; Falling Wedge; Positive Divergence

TSLA. Buy, buy, buy. The 2-hour and daily Tesla charts are good to go higher with positive divergence but remember, from the prior analysis, do not marry the position. Buy TSLA long, hold it a few days for the run up, and then ditch it, because it will roll back over to the downside for a lower low on the weekly basis.

Also, the falling wedge pattern is bullish, price is extended below the moving averages requiring a mean reversion higher, and the indicators are oversold agreeable to a relief bounce. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added Wednesday Morning, 12/21/22, at 9:20 AM EST: TSLA sh*ts the bed for another day slipping through 140. Evergrande and Mizuho downgrade Tesla raking it through the coals, Johnny-come-lately's, so that soured the mood causing more folks to hit the sell button. The 2-hour chart remains possie d except for the MACD so another bottom this morning is on tap but it may jog for the first 1 to 4 hours before rising on the hourly basis. Money flow slips lower on the TSLA daily chart so there will likely be a move up for a day, back down for a day (jog) to reset money flow on the daily basis. It will be fun to see if Tesla can find any love going forward. Price is testing the congestion zone from late 2020 the two key levels from back then are 147 and 136 so Tesla has run out of runway. TSLA begins today at 137. TSLA is up +1.4% in the pre-market to 140. Another day of the Tesla and Twitter exploits begins.

Note Added Thursday Morning, 12/22/22, at 6:43 AM EST: TSLA finishes yesterday at 138 with a HOD at 141. The dance continues.

Note Added Thursday Morning, 12/22/22, at 11:02 AM EST: TSLA collapses -7% on news of discounts offered on new models (sales must not be going well). The 136 is tested and fails so 128 occurs in a heartbeat. The broad stock market is in retreat sending all stocks lower on low holiday volume.

Note Added Friday Morning, 12/22/22: Elon Musk says he does not plan to sell anymore TSLA stock for 18 months to a couple years, he said definitely not in 2023. Musk has already reneged on his promises to not sell stock twice before so investors will view his attempt at creating a floor in the stock price with a hairy eyeball. TSLA is at 123.15.

Note Added Tuesday Evening, 12/27/22: The Shanghai plant is shutdown due to covid. The stock cannot handle the negative news that is pounded-on day after day. Tesla is cutting car prices and increasing incentives for buyers. Traders lost confidence in TSLA after Musk said he would not sell stock in 2023. He would have been better off to say nothing. The bottom falls out and TSLA crashes to 109. The weekly chart will set up for a multi-week rally again over the next couple weeks (watch for the possie d to develop) but obviously price will begin the relief rally from a much lower point. Twitter was Elon Musk's Waterloo.