Tesla Stock Technical Analysis: ascending levels

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

Tesla Stock Technical Analysis

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



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.

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