Technical Analysis: Will Tesla Shares Drive Higher?

134

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…

For more, please click here to view the related idea and chart analysis on TradingView.

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

Explore the most actively traded options

Trade 600+ futures products on an advanced platform