Tesla Stock Forecast January 26, 2023

Stock continue to move within the growth and bullish channel. Moving averages indicate a short-term bullish trend for Tesla. Prices went up 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 143.91. As part of the forecast, we should expect an attempt to develop a correction and test the support level near the area of 135.05. Further, a rebound upwards and continued growth in the value of the company’s securities. The potential target of such a movement is the area below the level of 165.05.

Tesla Stock Forecast January 26, 2023

An additional signal in favor of reducing Tesla quotes will be a test of the resistance line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for Tesla stock quotes will be a fall and a breakdown of the level of 120.55. This will indicate a breakdown of the support area and a continuation of the fall to the area at the level of 105.05. It is worth expecting an acceleration in the growth of shares with a breakdown of the resistance area and closing above the level of 155.00, which will indicate a breakdown of the upper limit of the bullish channel.

Tesla Stock Forecast January 26, 2023 suggests the development of a correction and a test of the support area near the level of 135.05. Where should we expect a rebound upwards and an attempt to continue the growth of the pair to the area above the level of 165.05. 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 Tesla’s rise option will be a fall and a breakdown of the level of 120.55. This will indicate a breakdown of the support area and a continuation of the fall in value to the area below the level of 105.05.

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