Why Tesla stock could go on a 10 month long rally | TSLA Technical Analysis, Price Predictions, News


 

Technical analysis, price predictions and news on Tesla stock for week ending 06/19/2021.  Tesla looked more bullish to close out the week.  It will run into the next key resistance at around $646 which is the 50DMA.  The next critical resistance comes in at around $700.  A break above that, and the probability of Tesla stock going on a long term rally increases greatly.  To the downside, we have support at the 200DMA at $613.  A break below that and the next support comes in at $585.  If it continues to fall lower, we could see it drop to as low as $550-560.

 

Tesla news this week includes:

  • Tesla Model Y demand skyrockets, Long Range variant nearly sold out for Q3
  • Massive expansion of Supercharger network underway
  • Elon Musk hinting at Tesla Home HVAC System
  • Rockefeller Capital Management: Now is the time to buy the stock and hold

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