Antony_NPBFX
NPBFX Representative (unconfirmed)
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Tesla Inc.: technical analysis 12.05.2023
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Tesla Inc. for a better understanding of the current market situation and more efficient trading.
Shares of Tesla Inc., the world’s leading manufacturer of electric cars, are trading at 172.00.
On the daily chart, the price is correcting within the global downward corridor with dynamic boundaries of 190.00–145.00, forming an upward wave.
On a four-hour chart, the wave is developing as a local corridor with dynamic boundaries of 177.00–167.00, which can work as a Flag pattern, which will mean a continuation of the decline to the low of 152.00. Further dynamics of quotes will be determined by the direction of their exit from the local channel.
Technical indicators remain neutral: fast EMAs on the Alligator indicator are close to the signal line, and the AO histogram stays in the buy zone near the transition level.
Trading tips
Short positions may be opened after the price drops and consolidates below 167.00 with the target at 152.00. Stop loss – 172.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth, and consolidation of the price above 177.00 with the target at 190.00. Stop loss – 172.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Tesla Inc. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Tesla Inc. for a better understanding of the current market situation and more efficient trading.
Shares of Tesla Inc., the world’s leading manufacturer of electric cars, are trading at 172.00.
On the daily chart, the price is correcting within the global downward corridor with dynamic boundaries of 190.00–145.00, forming an upward wave.
On a four-hour chart, the wave is developing as a local corridor with dynamic boundaries of 177.00–167.00, which can work as a Flag pattern, which will mean a continuation of the decline to the low of 152.00. Further dynamics of quotes will be determined by the direction of their exit from the local channel.
Technical indicators remain neutral: fast EMAs on the Alligator indicator are close to the signal line, and the AO histogram stays in the buy zone near the transition level.
Trading tips
Short positions may be opened after the price drops and consolidates below 167.00 with the target at 152.00. Stop loss – 172.00. Implementation period: 7 days or more.
Long positions may be opened after a reversal, growth, and consolidation of the price above 177.00 with the target at 190.00. Stop loss – 172.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Tesla Inc. and trade efficiently with NPBFX.