TeslaLong
TESLA: HEAVY RESISTANCE AT 261
As we can see, the 50 Daily moving average is proving to be a tough resistance area for Tesla stock in the near term. Which is around $261 as of writing.
The RSI is also stalling, showing that price may not make a new high for a little while here
However, we can clearly see a Bullish flag pattern forming just under the 50 DMA zone, time will tell if we confirm a breakout to the upside or the downside. Here are my 2 scenarios:
If $261 is broken to the upside with momentum, I see a short squeeze materializing back to $300 & then $314, a level not seen since Summer 2022.
If we reject off of $261, we may retest 216, 208, then 150... which $150 remains as my worst case price target for the year.
The RSI is also stalling, showing that price may not make a new high for a little while here
However, we can clearly see a Bullish flag pattern forming just under the 50 DMA zone, time will tell if we confirm a breakout to the upside or the downside. Here are my 2 scenarios:
If $261 is broken to the upside with momentum, I see a short squeeze materializing back to $300 & then $314, a level not seen since Summer 2022.
If we reject off of $261, we may retest 216, 208, then 150... which $150 remains as my worst case price target for the year.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.