Tesla stock continue to move as part of the correction and the formation of the «Triangle» model. Moving averages indicate the presence of a short-term bullish trend for Tesla. Prices pushed from the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the value of the shares is 900.46. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the area of 765.05. Further, a rebound and continued growth in the value of securities. The potential target of this movement is the area above the level of 1155.05.
Tesla Stock Forecast and Chart February 25, 2020
An additional signal in favor of the growth of Tesla quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the Triangle model. The cancellation of the growth option for Tesla’s stock price quotes will be a fall and a breakdown of the level of 715.05. This will indicate a breakdown of the support area and continued decline in the area at the level of 565.05. Expect acceleration of stock growth is with the breakdown of the resistance area and closing above the level of 1005.00, which will indicate the price goes beyond the «Triangle» model.
Tesla Stock Forecast and Chart February 25, 2020 implies the development of a correction and test of the support area near the level of 765.05. Where can we expect a rebound and an attempt to continue the growth of the pair in the region above the level of 1155.05. A test of the trend line on the relative strength index (RSI) will be in favor of the rise in the currency pair. Cancellation of the growth option for the Tesla index will be a fall and a breakdown of the level of 715.05. This will indicate a breakdown of support and a continued fall in value to the area below the level of 565.05.
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