Tesla: Short-Term Bullish Momentum At Play

By admin On Jan 5, 2022

When we look at the Tesla (NASDAQ:) chart, we can see the steady fall from the $1100 price level on Dec. 30 to $1050 up until yesterday’s trading session.

The company a record number of vehicles delivered in Q4, causing a 13.5% surge in its stock price, reaching all-time highs.

Today we could expect another attempt at the $1200 resistance level, as the short-term momentum could play.

If it fails to hold the $1150 level, a move to $1100 could be expected.

Tesla stock weekly chart.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link