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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 258.35 and 239.73. If the stock breaks down through support at 258.35 then it will probably continue lower to 239.73. The stock has resistance at 266.07 and at 379.50. If the stock breaks up through resistance at 266.07 then it will probably continue higher to 379.50. The 200-day moving average is at 255.18. 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 258.35 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (89.30).”
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