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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. However, the stock has recently broken through an important trendline at 727.27 suggesting the next support level is at 635.11. This weakness suggests the long-term trend is turning neutral.
The stock has support at 635.11 and 517.13. If the stock breaks down through support at 635.11 then it will probably continue lower to 517.13. The stock will meet resistance at 727.27 and 944.78. If the stock breaks up through resistance at 727.27 then it will probably continue higher to 944.78. The 200-day moving average is at 352.03. This will also act as support. The stock is neutral according to the Stochastic Indicator (37.33).”
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