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Tesla stock FINALLY breaking out | TSLA Technical Analysis, Price Predictions, News

  Technical analysis, price predictions and news on Tesla stock for week ending 07/31/2021.  Tesla finally breaks out of wedge and retests the top of consolidation range at $700.  The momentum has definitely shifted to the bull side, with key resistance at $700 for the near term.  A breakout above $700 would be an extremely bullish indicator, with the next key resistance coming in at around $760.  To the downside, we have support at $665.  A break below that, and we will find the next support at $648.  Finally, any break lower than that would likely take us to as low as the support at $637.   Tesla news this week includes: Tesla Q2 2021 Earnings Review China Survey: Model...

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Tesla stock false breakdown before earnings | TSLA Technical Analysis, Price Predictions, News

  Technical analysis, price predictions and news on Tesla stock for week ending 07/24/2021.  After a false breakdown on Friday, Tesla continues to trade within a wedge going into earnings this coming Monday.  I anticipate a breakout of the wedge once record numbers are reported for yet another consecutive quarter.  In my opinion, Tesla’s current price does not reflect just how well the business has been performing and the price is bound to accelerate to the upside as we have seen the previous parabolic run it had had.  Of course, Tesla could remain irrational and selloff on great earnings numbers, but I assign a low probability of this occurring.   Tesla news this week includes: Giga Texas way ahead of...

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Tesla stock retests support of 200DMA, bull run soon | TSLA Technical Analysis, Price Predictions, News

  Technical analysis, price predictions and news on Tesla stock for week ending 07/17/2021.  Tesla experiences another pullback, retesting and holding support at the 200DMA yet again, after failing to break back into the long term uptrend channel.  In my opinion we will see it retest the top of the wedge that its been trading within at around $680.  If it breaks above that, we will see it retest resistance of the top of the consolidation zone at $700.  Finally, a breakout of consolidation above $700 would lead it into the next resistance at around $737 Tesla news this week includes: China media reports high demand for Model Y Standard Range Goldman Sachs raises Tesla’s 2021 EPS estimate Tesla wins...

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Tesla holds support, could rocket above $700 | TSLA Technical Analysis, Price Predictions, News

  Technical analysis, price predictions and news on Tesla stock for week ending 07/10/2021.  Tesla held key support level and will have to find a way to breakout above $700.  A break above that level would be very bullish, however, my conviction to the bull side would increase dramatically if Tesla could break above resistance at $720.  To the downside, we have support of the top of the wedge and 200DMA at around $630   Tesla news this week includes: Colin Rusch from Oppenheimer adds another BUY rating on Tesla Berlin Economy Minister expects Tesla to begin production  this year despite delays Tesla Model 3 is best selling car in the UK for June Tesla adding rear wheel steering feature...

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