To The Moon

• Tesla recently bounced off the USD 288 support zone — a level that previously acted as resistance, now turned into a key support.

• The latest daily candles show lower wicks and strong bullish body closes, indicating buying interest and rejection of lower prices.

• This suggests short-term momentum may be shifting back to the upside, with USD 362 as the next resistance target.

• RSI is gradually recovering from neutral levels, supporting the bullish tone.

Using DLCs for Short-Term Trading

• Bullish Case: If price action continues to show strength above support with positive follow-through, traders may consider Long DLCs to participate in potential upside.

• Bearish Case: Should price reverse and fall below USD 280, Short DLCs may be used for short-term bearish trades.

• DLCs carry leverage and are suitable only for investors with high risk tolerance. Always use proper risk management.

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For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook 

Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.