TESLA – [ A Pullback Is Healthy, What Levels Are We Looking At?] 
TESLA is the No.1 google search in America within the auto space. The battery-electric Tesla is Googled 2.24 million times a month in the U.S., followed by Toyota with 1.83 million. And in case you haven’t read, Tesla has crossed the 1 trillion market cap joining in the ranks of Amazon and Alphabet. As you also know, we have been bullish on Tesla ever since last year, blogging it a couple of times in 2020 and even in Aug 2021.
Its a stock that we want to hold and with the news of Elon musk potentially selling after twitter users vote YES!
But is that a bad thing? Well, to us its a healthy pullback which offer us an opportunity to enter and especially if you don’t own an tesla shares. With news of Musk potentially selling shares, Tesla is down over 5% in pre-market to $1156. Fund managers might also potentially take some profits off the table which might lead to some more downward pressure.
Lets take at the chart for some possible support entry points.
For such a powerful uptrend we will use the 10 and 20ema as the potential support. Some levels of support might be around 1145, 1027 and then 950 at that gap up. $950 to us is a strong support. But for investors, scaling in batches (dollar cost averaging) when it comes down is something an investor might want to consider at those support levels we mentioned. Stay alert!
To The Moon!! 🚀🚀
