Why Tesla stock is setting up for the next BIG bull run | TSLA Technical Analysis, Price Predictions


 

Technical analysis, price predictions and news on Tesla stock for week ending 06/12/2021.  Tesla has been consolidating around the 200DMA for the past month, and in my opinion building a base of support for the next big bull run similar to what happened the last time it touched the 200DMA back in March 2020 and it went on a 10 month long rally.  Resistance levels to look out for is first $809.  The next level to watch comes in at $617.  After that there will be resistance at $653.  Finally, a key resistance level to break above is $680.   To the downside, if $809 proves to hold as resistance, then there is solid support at around $550-560 level

 

Tesla news this week includes:

  • Elon Musk cancels Plaid+, says Plaid is just so good
  • Tesla China sales surge 29% in May, debunking earlier reports
  • Veritas Analyst says Tesla Energy gaining ground
  • German survey suggests Tesla Model 3 is #1 recommended BEV
  • Plaid Delivery Event Review

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