TeslaPanjang
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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.