KirkBarton

Tesla Inc.: general review

NASDAQ:TSLA   Tesla

Support and resistance

The issuer is dominated by the “bearish” sentiments. The quotes have renewed the local lows. At the moment, the company's shares are consolidating in the range of 545.00–600.00. There is potential for further correction.

Indicator signals are ambiguous: the price consolidated below MA (50) and MA (200); MACD started to rise. It is better to open the positions from the key levels.

Comparative analysis of multiples of the company and competing companies in the industry shows that the instrument is overpriced.

Resistance levels: 600.00, 715.00, 775.00.

Support levels: 545.00, 460.00, 380.00.
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