Categories: Technical analysis

Tesla Wave Analysis – 9 December, 2022

• Tesla reversed from support level 179.20

• Likely to rise to resistance level 200.00

Tesla recently reversed up from the long-term support level 179.20 (which has been reversing the price from the start of 2021).

The support level 179.20 was further strengthened by the lower weekly Bollinger Band.

Given the strength of the support level 179.20 and the oversold daily and weekly Stochastic, Tesla can be expected to rise further toward the next round resistance level 200.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Tesla

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