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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 340.84 and 273.13. If the stock breaks down through support at 340.84 then it will probably continue lower to 273.13. The stock has resistance at 379.50. The 200-day moving average is at 253.63. This will also act as support. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 340.84 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (59.11).”
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