Tesla quotes continue to move within the correction and the upward channel. Moving averages indicate the presence of a short-term bullish trend in TSLA. Prices have broken through the area between the signal lines down, which indicates pressure from sellers of securities and a potential continuation of the fall. At the time of publication of the forecast, the price of Tesla shares is 996.27. As part of the forecast, we should expect an attempt to develop a small price correction and a test of the support level near the area of 945.05. 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 1305.05, however, it is likely that such a movement will not happen this week.
Tesla Stock Forecast January 24 — 28, 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 border of the reversal pattern inverted “Head and Shoulders”. Cancellation of the growth option for Tesla stock quotes will be a fall and a breakdown of the level of 805.05. This will indicate a breakdown of the support area and a continuation of the decline to the area at the level of 525.05. It is worth expecting an acceleration of the rise in shares with a breakdown of the resistance area and closing above the level of 1225.05, which will indicate the completion of the formation of a reversal pattern and the beginning of this pattern.
Tesla Stock Forecast January 24 — 28, 2022 suggests the development of a correction and a test of the support area near the level of 945.05. Where should we expect a rebound and an attempt to continue the rise of the pair to the area above the level of 1305.05. In favor of the growth of the currency pair, a test of the trend line on the relative strength index (RSI) will come out. Cancellation of the option to raise TSLA quotes will be a fall and a breakdown of the level of 805.05. This will indicate a breakdown of support and a continuation of the fall in value to the area below the level of 525.05.
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