TSLA Technical Analysis for Tomorrow (10/10/24)
Current Levels:
Support: The key support levels to watch for TSLA are around $240.36 and $239.47. A break below this could potentially bring the price down to test $237.83.
Resistance: The primary resistance levels are at $241.58, followed by $244.60 and $246.23. A move above $252.14 would signal a breakout.
Trendline: The downtrend line is still in place. TSLA needs to break and hold above this trendline for a bullish reversal confirmation.
Volume & MACD:
The volume has been gradually declining, indicating indecision in the market.
The MACD shows signs of a potential bullish crossover, which could signal upward momentum, but confirmation is needed.
Tomorrow's Focus:
Watch for a potential breakout above the trendline around $241.58.
Be cautious of a breakdown below $239.47, which could lead to a further pullback.
Disclaimer: This is not financial advice. Always perform your own research or consult with a professional before making any trading decisions.
Support: The key support levels to watch for TSLA are around $240.36 and $239.47. A break below this could potentially bring the price down to test $237.83.
Resistance: The primary resistance levels are at $241.58, followed by $244.60 and $246.23. A move above $252.14 would signal a breakout.
Trendline: The downtrend line is still in place. TSLA needs to break and hold above this trendline for a bullish reversal confirmation.
Volume & MACD:
The volume has been gradually declining, indicating indecision in the market.
The MACD shows signs of a potential bullish crossover, which could signal upward momentum, but confirmation is needed.
Tomorrow's Focus:
Watch for a potential breakout above the trendline around $241.58.
Be cautious of a breakdown below $239.47, which could lead to a further pullback.
Disclaimer: This is not financial advice. Always perform your own research or consult with a professional before making any trading decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.