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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 701.20 and 601.11. If the stock breaks down through support at 701.20 then it will probably continue lower to 601.11. The stock will meet resistance at 968.99 and 1090.11. If the stock breaks up through resistance at 968.99 then it will probably continue higher to 1090.11. The 200-day moving average is at 328.94. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (75.52).”
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