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 First, Second, and Third in Car & Driver’s ‘EV 1000’ Race

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