Solid News

Tesla Inc., Technical Analysis

8/4/2022 11:09 AM

The shares of Tesla Inc., an American electric car maker, are correcting around 921.00.

On the daily chart of the asset, the price is moving within the global downward channel with dynamic boundaries 1050.00–560.00 and is trying to approach the resistance line.

On the four-hour chart, the signal is being processed after overcoming the upper limit of the local Triangle pattern around 755.00. There may be obstacles in the way of further upward movement of quotes, and the first serious of them may be the local resistance level of 955.00, which the trading instrument can reach today.

Technical indicators signal continued growth: fast EMAs on the Alligator indicator are moving above the signal line, and the AO oscillator histogram is forming bars with an uptrend in the buying zone.

Find Us
First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines
Call Us
+1 415 367 3742

Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience. Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023