The capitalization of the company #Tesla is growing steadily, the press service announced the production of the millionth electric car in the Shanghai plant in the last three years. The growth of sales and output of the American giant continues to attract the attention of the global investment community. The company's shares closed above the $900 resistance level at the close of trading on Friday, which preserves the potential for continued upward momentum in the upcoming trading week.
The technical picture is quite interesting, it is the 900 level that will determine investment activity in the medium term. As long as #Tesla shares remain above the $900 per share support, the potential for further growth remains within the current channel with targets of 950, 1000 and 1100.
In case of a reversal scenario and a breakdown of the $900 support level, there is a possibility of a correction with the development of the "double top" technical reversal figure forming on H-4 with a test of the $850-800 support level.
The technical picture is quite interesting, it is the 900 level that will determine investment activity in the medium term. As long as #Tesla shares remain above the $900 per share support, the potential for further growth remains within the current channel with targets of 950, 1000 and 1100.
In case of a reversal scenario and a breakdown of the $900 support level, there is a possibility of a correction with the development of the "double top" technical reversal figure forming on H-4 with a test of the $850-800 support level.