Tesla Is Running Low In Power (Technical Analysis)


  • TSLA has formed a massive 114% short-term rally which is now giving signs of exhaustion.
  • The stock is likely heading into more weakness while investors could wait and see if support may build up.
  • In this technical article, I show important price levels and metrics that investors could consider for gaining an edge on the stock’s likely price action.
  • By considering multiple outcomes and setting up an adequate contingency plan, investors are less inclined to act driven by emotions, as this could come at a higher cost.
  • I continue to rank TSLA as a hold position, while I would still avoid any new or further exposure to the stock.

Battery charge Levels

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Tesla, Inc. stock (NASDAQ:TSLA) is facing an important technical situation that could lead to forming a new uptrend or instead seeing the stock retracing dangerously into new lows. The recent rally gives signs of exhaustion, while

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: All of my articles are a matter of opinion and must be treated as such. All opinions and estimates reflect my best judgment on selected aspects of a potential investment in securities of the mentioned company or underlying, as of the date of publication. Any opinions or estimates are subject to change without notice, and I am under no circumstance obliged to update or correct any information presented in my analyses. I am not acting in an investment adviser capacity, and this article is not financial advice. This article contains independent commentary to be used for informational and educational purposes only. I invite every investor to do their research and due diligence before making an independent investment decision based on their particular investment objectives, financial situation, and risk tolerance. I take no responsibility for your investment decisions but wish you great success.

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