{"id":32269,"date":"2022-07-21T01:02:00","date_gmt":"2022-07-21T00:02:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=32269"},"modified":"2022-07-21T22:08:15","modified_gmt":"2022-07-21T21:08:15","slug":"tesla-technical-analysis-triangle-to-dictate-the-next-big-move","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/tesla-technical-analysis-triangle-to-dictate-the-next-big-move\/","title":{"rendered":"Tesla Technical Analysis – Triangle to dictate the next big move"},"content":{"rendered":"\t\t
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Tesla<\/a>\u2019s share price has been range bound between the $65.00 and $750.00 levels recently following the recent stock market plunge, which saw Tesla\u2019s share price tanking after hitting $1,230.<\/p>

Additionally, tech stocks have been recovering this week as the Nasdaq<\/a> surges higher alongside the S&P500<\/a>. Cryptos have also been rallying. Generally speaking, all these components are good from Tesla.<\/p>

The recent cancelling of the Twitter <\/a>deal for Elon Musk has not hurt the share price that much. It could even help it as the market probably wants Musk to focus on Tesla rather than Twitter.<\/p>

I would suggest keeping a close eye on the triangle over the coming weeks and months as the pattern is suggesting a major move of some 100 or even 200 points plus move is coming.<\/p>

In its earnings report on Wednesday, Tesla revealed that it has sold approximately 75% of its\u00a0Bitcoin purchases and took an impairment. The news hit the number one cryptocurrency hard.<\/p>

In terms of\u00a0earnings for the large electric car maker in America the EPS at $2.27 beat the estimate of $1.80 while revenue was at $16.934 billion compared to $17.2 billion expected. A year ago, revenues were at $11.958 billion.<\/p>

I think the EPS beat is enough to keep bullish momentum going. I think Tesla\u2019s share price could have the momentum going forward to continue higher. Much will depend on market sentiment.<\/p>

Tesla Short-term Technical Analysis<\/strong><\/p>

According to the four-hour time frame Tesla is trapped inside a large symmetrical triangle pattern. The pattern is neutral so we don\u2019t know for sure which way the break will come.<\/p>

Looking at the size of the triangle I would suggest a $100.00 price move is likely, so an explosive move is surely brewing for the car company.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Tesla Medium-term Technical Analysis<\/strong><\/p>

According to the daily time frame Tesla\u2019s stock price is trapped inside a massive triangle. These types of patterns are fairly neutral; however, it does suggest a huge price move is coming.<\/p>

The larger picture still shows a huge, inverted head and shoulders pattern that has yet to be invalidated. This is providing a glimmer of hope for medium-term bulls that Tesla can get back to $1,000.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Tesla\u2019s share price has been range bound between the $65.00 and $750.00 levels recently following the recent stock market plunge, which saw Tesla\u2019s share price tanking after hitting $1,230. Additionally, tech stocks have been recovering this week as the Nasdaq surges higher alongside the S&P500. Cryptos have also been rallying. Generally speaking, all these components […]<\/p>\n","protected":false},"author":4,"featured_media":17100,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[27,61,189],"yoast_head":"\nTesla Technical Analysis - Triangle to dictate the next big move - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/tesla-technical-analysis-triangle-to-dictate-the-next-big-move\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla Technical Analysis - Triangle to dictate the next big move Tesla Technical Analysis - Triangle to dictate the next big move\" \/>\n<meta property=\"og:description\" content=\"Tesla\u2019s share price has been range bound between the $65.00 and $750.00 levels recently following the recent stock market plunge, which saw Tesla\u2019s share price tanking after hitting $1,230.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/tesla-technical-analysis-triangle-to-dictate-the-next-big-move\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-21T00:02:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-21T21:08:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/10\/GettyImages-187005526.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1199\" \/>\n\t<meta property=\"og:image:height\" content=\"638\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Tesla Technical Analysis - 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