Tesla attacks pivotal resistance - Analysis - 22-10-2021

Economies.com
2021-10-22 11:52AM UTC

Tesla's stock rallied 3.26% in the last session amid the dominance of the upward short-term trend, with positive pressure from the 50-day SMA, settling at 894.00, and tackling the pivotal resistance of 899.60, while countered by negative signals from the RSI after reaching overbought levels. 

 

Therefore we stand neutral until the stock moves on the pivotal resistance of 899.60, and in the case of a breach, it'll target the first resistance at 995.00.

 

Expected trend for today: Bullish

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