Technical Analysis: Will Tesla Shares Drive Higher?


Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the move continue?

The first pattern on today’s chart is the 50-day moving average, which the electric-car maker tested and held at the start of last week. The 50-day MA is also rising for the first time since last summer. That may suggest…

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Tesla (TSLA), daily chart with selected patterns and indicators, courtesy of TradingView.
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