Tesla stock forms base of support at $700 | TSLA Technical Analysis, Price Predictions, News


 

Technical analysis, price predictions and news on Tesla stock for week ending 08/28/2021.  Tesla seems to be consolidating and forming a floor of support at just above the $700 level.  Its held support of the 50 and 200DMA, as well as the uptrend line going back to May 19.  My presumption is that Tesla will hold above these support levels and run to the next key resistance level at around $750.  A break above that, and it will likely run into the major resistance level at around $810.  To the downside, as I mentioned, the 50 and 200DMA will act as support at around 676.  If it breaks below that level, the next key support comes at around $658

 

Tesla news this week includes:

    • Morgan Stanley’s Adam Jonas: ‘..cannot help but see parallels between Elon Musk..and those of Thomas Edison..’
    • Tesla China July Production numbers
    • Tesla enters the top 5 of 50 most innovative companies in 2021
    • Tesla’s “Autobidder” is scaring Germany’s utility providers
    • Public FSD Beta button available in about a month
    • Tesla applies to sell electricity to Texas residents

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