Tesla ( $Tesla Motors(TSLA)$ ) Technical Analysis
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Resistance Zone: $285 - $290 (Highlighted in red)
TSLA has historically struggled to break above this level.
Price was rejected multiple times, confirming it as strong resistance.
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Moving Averages (MA 21 & MA 55):
Price is trading below both the 21-day and 55-day moving averages, signaling a bearish trend.
The breakdown below these MAs suggests weaker momentum and potential further downside.
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Recent Price Action:
TSLA had a sharp rally but not yet above the highlighted resistance zone of $285-290
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Key Levels to Watch:
Support: Around $180-190.
Resistance: $285 - $290 (needs a strong breakout to turn bullish).
Conclusion:
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Bearish bias in the short term as price stays below the 21 & 55 MA.
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A break above $290 could signal a reversal, while failure to hold above $230 may lead to further downside.
Using DLC (Daily Leveraged Certificates) to Trade Tesla (TSLA) Short-Term Movements
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Bullish DLC ( $TESLA 3xLongSG261006(TSYW.SI)$ ): Use if TSLA breaks above resistance with high volume.
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Bearish DLC ( $TESLA 3xShortSG261006(TSXW.SI)$ ): Use if TSLA rejects resistance or falls below support.
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