Tesla stock retests uptrend line, $790+ is coming | TSLA Technical Analysis, Price Predictions, News


Technical analysis, price predictions and news on Tesla stock for week ending 08/21/2021.  Tesla retested the key uptrend line this week and held above it successfully, thus keeping the uptrend intact.  It will run into key resistance at $700 again.  A breakout above that, and it will see some near term resistance at around $750.  If it manages to breakout above that, it will likely retest key resistance at around $790.  To the downside, we have support at the 50 and 200DMA which currently lie at $666-669.  The next level of support below that comes in at $655.


Tesla news this week includes:

  • Tesla preparing massive expansion of Supercharger network before opening it up to other EVs
  • Morgan Stanley’s Adam Jonas: ‘Batteries are the new oil’ mantra
  • Tesla rides the EV registration rocket as Americans buy more than ever
  • Tesla #6 in market share for first half sales in California
  • Tesla humanoid robot prototype to be ready by next year
  • Tesla plotting battery-storage entry into Japan’s power market

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