Tesla – [ Watching That $700 Resistance]

2nd August, 2021, 4:49 PM

Tesla – [ Watching That $700 Resistance]Tesla 2nd Aug 2021

Chart source: Tradingview.com

Tesla ranging around the $620 to $700 area for the past month or so. We’re looking for a good clean break of the $700 resistance which might take us to $750 in the coming weeks. An increase in volume would add conviction to this breakout. It has actually broken above its mid-term downtrend line which is a positive for us but breaking above $700 would be an added bonus.

We’re looking to see Immediate support at $650 then $620.

What’s your take on Tesla? Do drop us a message. =)




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