Tesla is a great stock

20 de jul. de 2021

TSLA (Tesla Motors, Inc.) technical analysis . 20/07/2021

Now we are in times of uncertainty, will tesla be able to break the current resistance ? 🧐🧐

Since I did the last tesla analysis, it can be seen, what an abysmal rise it has had. This is because the entire market has accompanied, and all stocks have been rising a lot. But now we are in times of uncertainty, will tesla be able to break the current resistance?

I like to use the Ichimoku clouds to analyze, since at just a moment and in a timeframe of 1 day, everything is very clear.

We can observe a very important support between 527$ - 548$ approximately. Since the big breakout in the previous analysis, this price range served as support, not allowing the price to cross to the downside.

Right now the price is at the fibonacci 61.8 point, it is the most important point, and as it is not able to cross this level with force, the price could retest the support mentioned above.

Conclusion ,

- If you are conservative, in the range of 527-548, it is ideal to start buying.

- If you go long term without caring about the current price, any time is good to buy, Tesla made a very healthy correction, and soon it will continue to rise, trying to break the $ 900 level.

Leave me your opinion about Tesla .