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Tesla Inc., Technical Analysis

12/1/2022 10:26 AM

Shares of Tesla Inc., the world's leading manufacturer of electric cars, continue their global correction, trading at 194.00.

On the daily chart, the price has left the local downward corridor with dynamic boundaries 184.00–158.00 and is trying to start growing.

On the four-hour chart, it is clear that the upward movement has high prospects, but for the development of positive dynamics, quotes need to break the local high of August 15 around 200.00. In turn, the downtrend will intensify if the trading instrument falls below the support level of 189.00.

Technical indicators keep a stable buy signal: fast EMAs on the Alligator indicator are significantly above the signal line, and the histogram of the AO oscillator grows in the sell zone.

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