American session, date: 7/11/2024
Introduction and overview
In this technical analysis, we will examine Tesla stock’s performance by reviewing key price trends, important technical levels, and current trading patterns. We will use a set of technical tools and indicators to provide a comprehensive and in-depth view of Tesla’s stock movement in the market. Tesla stock is currently trading at $263 per ounce. Prices are trading above most moving average intersections, to. The MACD indicator shows a positive trend, noting the appearance of a decline in the upward strength
Trading strategies based on Buy/Sell levels
| Tesla Stock | In case of buying | in case of selling |
| Entry point | 268 | 250 |
| Target Point 1 (TP1) | First resistance: 278 | First support: 243 |
| Target Point 2 (TP2) | Second resistance: 288 | Second support: 236 |
| Stop Loss (SL) | 250 | 268 |
Conclusion
These strategies are based on determining the price’s location relative to support and resistance levels, and suggest the best ways to profit from price movements based on these indicators. Traders should carefully monitor these levels to identify optimal opportunities to enter and exit the market, while adhering to appropriate risk management strategies to protect their investments.
