Antony_NPBFX
NPBFX Representative (unconfirmed)
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Tesla Inc.: technical analysis 05.06.2023
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, continue their global correction, trading at 214.00.
On the daily chart, the price is growing, consolidated above the resistance line of the downwards corridor with dynamic boundaries of 190.00–143.00.
On the 4-hour chart, if the initial Fibonacci extension 61.8% trend level of 224.00 is broken, the upside momentum will become a full trend, and the next resistance will be the 100.0% Fibonacci extension core trend level of 268.00.
Technical indicators are signaling growth: fast EMAs on the Alligator indicator are moving away from the signal line, expanding the range of fluctuations, and the AO histogram is forming rising bars in the buying zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 224.00 with the target at 268.00. Stop loss — 215.00. Implementation period: 7 days or more.
Short positions may be opened after the price drops and consolidates below 200.00 with the target at 172.00. Stop loss — 210.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book 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, continue their global correction, trading at 214.00.
On the daily chart, the price is growing, consolidated above the resistance line of the downwards corridor with dynamic boundaries of 190.00–143.00.
On the 4-hour chart, if the initial Fibonacci extension 61.8% trend level of 224.00 is broken, the upside momentum will become a full trend, and the next resistance will be the 100.0% Fibonacci extension core trend level of 268.00.
Technical indicators are signaling growth: fast EMAs on the Alligator indicator are moving away from the signal line, expanding the range of fluctuations, and the AO histogram is forming rising bars in the buying zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 224.00 with the target at 268.00. Stop loss — 215.00. Implementation period: 7 days or more.
Short positions may be opened after the price drops and consolidates below 200.00 with the target at 172.00. Stop loss — 210.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book 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.