Despite the sales result in China tonight, and considering that Tesla's fundamental data is solid, and beyond the possibility of a slowdown in demand at some point, there is no doubt that this company is in financial and innovation terms super solid.
The sale of Evs is a unit in the business universe of TSLA. With this said, the technical analysis shows a clear upward trend since March 2020.
The volatility and its swing range perhaps did not allow it to be seen clearly for a moment, but now, and due to the time that has elapsed, with its financials results and congruent volume the trend It's clear, and it's on the upside.
Price zone to observe might be 880 usd, for a double reason: a) it is an important support and technical buying zone, and b) could be the limit of the upward trend.
If it loses this zone, we would be facing another scenario.
It seems to be the ideal technical chart, as the volume confirms this potential rise that is observed. That is, the price has dropped, but nobody wants to get rid of Tesla Stock, which could make it an even stronger long-term holding.
Hope you have enjoy this analysis!
This analysis is not a recommendation to buy or sell. It is based on published financial data and technical analysis. Trade at your own risk and responsibility. Namaste
The sale of Evs is a unit in the business universe of TSLA. With this said, the technical analysis shows a clear upward trend since March 2020.
The volatility and its swing range perhaps did not allow it to be seen clearly for a moment, but now, and due to the time that has elapsed, with its financials results and congruent volume the trend It's clear, and it's on the upside.
Price zone to observe might be 880 usd, for a double reason: a) it is an important support and technical buying zone, and b) could be the limit of the upward trend.
If it loses this zone, we would be facing another scenario.
It seems to be the ideal technical chart, as the volume confirms this potential rise that is observed. That is, the price has dropped, but nobody wants to get rid of Tesla Stock, which could make it an even stronger long-term holding.
Hope you have enjoy this analysis!
This analysis is not a recommendation to buy or sell. It is based on published financial data and technical analysis. Trade at your own risk and responsibility. Namaste