Boring_Trader

(Update) TSLA

NASDAQ:TSLA   Tesla
Tesla (TSLA) traded lower on a weekly basis and reached the second support of $757.40, as forewarned last week. Latest price action suggest further sell off is still possible, as EMA10-EMA20 still showing a deadly cross. Hence Tesla likely to retest 757.40 support with another one further down at $680, which as the year to date low. Alternatively, an EMA10-EMA20 golden cross in the daily time frame or a daily close above $868, whichever comes first, may favor bulls with nearest resistance at $945.82 and $1,012.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.