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Tesla Inc (TSLA) “On a long-term technical basis, the stock (TSLA) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 669.34 and 575.33. If the stock breaks down through support at 669.34 then it will probably continue lower to 575.33. The stock will meet resistance at 969.00 and 1117.46. If the stock breaks up through resistance at 969.00 then it will probably continue higher to 1117.46. The 200-day moving average is at 297.67. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (84.85), so look for a possible pullback soon. Confirm this with the Short-Term and Daily Opinion to keep from exiting prematurely.”
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