Welcome to Excavo's professional analysis of the stock prices of Tesla Inc .

Tesla is up more than 91% year to date.

Fundamental Analysis and News:

Morgan Stanley raised its base case price target on Tesla ( NASDAQ:TSLA ) to $500 from $360 and the bull case target to $1,200 from $650.

The company has "significant addition optionality" through the truck, self-driving, battery technology, and solar markets.

Technical Analysis:

Currently, TSLA is approaching an important all-time psychological resistance level of $1000.

It should be noted that the price action flashes a bearish signal - the gaps that are in areas of the chart where a security's price either rises or falls from the previous day’s close, with no trading occurring in between. Gaps like these tend to get filled and indicates that a trend reversal is forming from bullish to bearish , and a downtrend could follow.

On the flip side, many stop-loses hold on in a $1000-1100 trading range and in case of achieve these points there will be a closing of sell positions at market prices, which opens up the gates for a further rally to target the next resistances up to $1600.

Remember to be cautious and to use proper risk management tactics to prevent any losses from unexpected market movements.

Resistance Levels: $1000, 1100, 1300, 1600
Gap levels: $655, 589, 514, 430, 255
Day's Range: 41.61 — 45.73
Market Cap: 154.068B

Stay tuned for future technical analysis , news, updates, and more from EXCAVO
Comment: +60$
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I'm surprised you think it will go up much further from here. I actually sold half my holdings today anticipating a drop. I feel the impact of the Chinese flu hasn't fully played out and I think Tesla will come up against repeated problems with the building of its Germany factory, already halted. The main thing is this stock is pure hype at the minute but I'm happy to be wrong. That's why I kept some. I'll look out for your resistance levels :)
Good work sir, Thanks.
Thank you for the analysis.
I have a question about it: how can 1300 and 1600 be set as resistance if price never went there in the past?
Thank you in advance for your reply
+6 Reply
@jacmic, google fibonacci extension
+2 Reply
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