Tesla quotes continue to move as part of the correction and the formation of the “Wedge” reversal pattern. Moving averages indicate a short-term bullish trend for Tesla. Prices are again testing 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 930.31. As part of the forecast, we should expect an attempt to develop a decline and test the support level near the area of 855.05. Further, a rebound upwards and the continuation of the rise in the value of securities. The potential target of such a movement is the area above the level of 1165.05.
Tesla Stock Forecast February 3, 2022
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 “Wedge” reversal pattern. Cancellation of the option of raising the quotes of Tesla shares will be a fall and a breakdown of the level of 705.05. This will indicate a breakdown of the support area and a continuation of the fall to the area at the level of 545.05. It is worth expecting an acceleration of the rise in shares with a breakdown of the resistance area and closing above the level of 995.05, which will indicate a breakdown of the upper boundary of the “Wedge” reversal pattern.
Tesla Stock Forecast February 3, 2022 suggests the development of a correction and a test of the support area near the level of 855.05. Where should we expect a rebound upwards and an attempt to continue the rise of the pair to the area above the level of 1165.05. In favor of the rise of the currency pair, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the Tesla growth option will be a fall and a breakdown of the level of 705.05. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 545.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
