Tesla: Short-Term Bullish Momentum At Play
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.
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