Very eager waiting for tonight’s jobs report. Whether Tesla’s share price can break through the $230 resistance depends on it. Since Tesla’s share price has already broken above the 5-day, 10-day, and 200-day moving averages, it could go higher. But the Bollinger Bands indicate that Tesla's current price is approaching the upper band (at $229.72), suggesting that there could be some short-term pressure. If Tesla’s share price breaks above the upper band, it could potentially move higher. Tesla might first test the resistance around $240, and if it continues to rise, it could challenge $260. Tesla’s FSD (Full Self-Driving) will be launched in China and Europe next year, and market anticipation for the launch of the Robotaxi in October. If Tesla doesn't rebound to $300 this time, I would also give up on technical analysis. Thanks @Tiger_comments @icycrystal Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
