Boring_Trader

(Update) TSLA

NASDAQ:TSLA   Tesla
Tesla price action suggest a strong resistance at $757, with bulls unable to breach this level for the past few weeks. It also formed a subtle higher lows since late May 2022. Therefore, a break above this $757 and a coupled with higher lows, could potentially propel Tesla to $806 level with a further resistance seen at $874, which was May 2022 support. Alternatively, a daily close below $680 level could cause a retest of $633 support, which was the case in May 2022 and June 2022. Second support is seen at $558, the May 2021 lows.
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