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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 857.59 suggesting the next support level is at 727.64. This weakness suggests the long-term trend is turning neutral.
The stock has support at 727.64 and 630.33. If the stock breaks down through support at 727.64 then it will probably continue lower to 630.33. The stock will meet resistance at 857.59 and 944.78. If the stock breaks up through resistance at 857.59 then it will probably continue higher to 944.78. The 200-day moving average is at 441.92. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (68.38).”
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