Tesla stock (TSLA) is trading around $418-$424 range, up about 1-2% on the day, riding a multi-day winning streak. The stock is surging as investors position themselves ahead of the company's upcoming Q2 delivery report, with wall street analysts raising their delivery estimates.
Technical outlook:
Stock recently breaks above the short term resistance line, after a couple weeks of lower low and lower high. Price is currently making a retest of breakout, in respect of the structure. there is a possibility of buy retracement between $401-$414, area.
Key point:
A confirmed reverse after the breakout retest, activates buy continuation, eyeing $450, as next potential bullish.
Thanks for reading.
Technical outlook:
Stock recently breaks above the short term resistance line, after a couple weeks of lower low and lower high. Price is currently making a retest of breakout, in respect of the structure. there is a possibility of buy retracement between $401-$414, area.
Key point:
A confirmed reverse after the breakout retest, activates buy continuation, eyeing $450, as next potential bullish.
Thanks for reading.
Transaction en cours
Price has reversed within our retracement area.Hold your position to the target!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.