Antony_NPBFX
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Tesla Inc.: technical analysis 19.06.2024
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Tesla Inc. for a better understanding of the current market situation and more efficient trading.
Shares of Tesla Inc., a leading manufacturer of electric cars, are trading at 185.00.
On the daily chart, the price is correcting within the ascending channel 231.00–178.00, trying to retreat from the support line.
On the four-hour chart, the quotes continue a smooth upward movement, preparing to break the mid-April high of 195.00. A consolidation above it allows them to reach the channel resistance line of 230.00. If it is held, the sideways movement will continue, and a decline to the low of last week at 167.00 is likely.
Technical indicators maintain a poor buy signal: fast EMA on the Alligator indicator are held above the signal line, and the AO histogram forms ascending bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 191.20, with the target at 215.50. Stop loss — 183.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 179.50, with the target at 158.60. Stop loss — 187.00.
Use more opportunities of the NPBFX analytical portal: economic calendar
Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Tesla Inc. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Tesla Inc. for a better understanding of the current market situation and more efficient trading.
Shares of Tesla Inc., a leading manufacturer of electric cars, are trading at 185.00.
On the daily chart, the price is correcting within the ascending channel 231.00–178.00, trying to retreat from the support line.
On the four-hour chart, the quotes continue a smooth upward movement, preparing to break the mid-April high of 195.00. A consolidation above it allows them to reach the channel resistance line of 230.00. If it is held, the sideways movement will continue, and a decline to the low of last week at 167.00 is likely.
Technical indicators maintain a poor buy signal: fast EMA on the Alligator indicator are held above the signal line, and the AO histogram forms ascending bars in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 191.20, with the target at 215.50. Stop loss — 183.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 179.50, with the target at 158.60. Stop loss — 187.00.
Use more opportunities of the NPBFX analytical portal: economic calendar
Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Tesla Inc. and trade efficiently with NPBFX.