Tesla, before reaching next highs at around 1190$, can retrace until the first area, that we can visualize in the green rectangle, that covers the price range of 940-1000$. In addition, the bearish divergence upon the CCI oscillator can accelerate the price retracement.
The 200 average shows how the long term is still bullish and Tesla could be above it for the next days confirming its strength.
From a fundamental point of view, the company estimates to sell more cars than the previous quarter although the electric cars industry has faced a serious issue in supplying chain.
The 200 average shows how the long term is still bullish and Tesla could be above it for the next days confirming its strength.
From a fundamental point of view, the company estimates to sell more cars than the previous quarter although the electric cars industry has faced a serious issue in supplying chain.