In this article, I’ll like to review $Tesla Motors(TSLA)$ (TSLA) Chart based on its historical Levels and Support/Resistance.
Tesla daily chart
Historical Levels:
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Previous Highs (2022):
$413.29 $400.36 $384.29 $364.07 These represent significant levels where the price previously peaked, now acting as potential resistance zones.
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Recent Resistance:
Near $357–358, the stock is approaching a critical zone, coinciding with earlier highs.
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Support Zone:
Near-term support is marked at $313, providing a key level to monitor if the price retraces further.
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The price is nearing the $358 resistance, a level aligned with prior highs. A break above this could signal a continuation of the uptrend, but failure to breach may result in consolidation or reversal.
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Support: The $313 level serves as a strong near-term support. If breached, it could lead to a deeper pullback. Conversely, holding this level would keep bullish momentum intact.
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Key Observations:
Investors might use the previously marked levels ($400–$413) as reference points for long-term resistance. The chart shows Tesla's ability to test critical historical levels, making these zones vital for understanding market sentiment.
Short-term trading on TSLA
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