Tesla Trades That Hit The Mark: 75% and 30% Gains Explained!

4 jam yang lalu

• Two successful Tesla trading ideas, one from April and one from August.
  
• April entry would now be around 75% up, and August entry around 30%.
  
• Both ideas show how technical analysis can accurately time the market and generate returns.
  
• Future resistance levels could indicate potential price consolidation.
  

This year, I shared two ideas about Tesla:
The first idea in April.
The second idea in early August.

If you bought Tesla stock in April and still hold it, you should be up about 75%. If you entered in August, your position should be up around 30%.

Both ideas played out exactly as predicted, proving once again that technical analysis helps to time the market and put your money to work as quickly as possible. While fundamental analysis tells what should happen, technical analysis shows what actually happens.

April Idea Criteria:
Strong area, confirmed by powerful candles in late 2022 and early 2023.
Mid-round number of $150.
Small liquidity zone around $150.
Smooth descending price movement into the zone I shared.

August Idea Criteria:
Break above $200 with a powerful candle.
Break above a long-term trendline, again with a strong candle.
Price pulled back to the breakout area: 3.1 Retest of $200, now acting as support. 3.2 Trendline retest. 3.3 Historically strong area around $200 – several rejections before.

What’s Next?
If you are still holding, the next target could be around $280–$300. This is the next strong resistance level. As you can see from the chart, this area has multiple rejections in the past. It might be a good idea to take some profits, as the price could get stuck here for a while, and it’s uncertain how and when it will break through.

Summary:
This is a great example of how technical analysis can guide you to better price entries, potentially leading to higher returns in the future. It does take some experience, but these criteria are not hard to spot once you know what to look for. It’s definitely not rocket science to master the basics.


All the best,
Vaido