TeslaLong
TSLA around a confluence zone : Technical Analysis and Forecast
TSLA Technical Analysis and Forecast
Tesla (TSLA) is currently positioned at a critical confluence zone, where both horizontal and ascending trendlines intersect. Should the selling pressure persist and the stock breaks below the $325 level, there is a potential for further downside movement toward a psychological support zone at $300.
It is important to note that TSLA has experienced a significant decline of approximately 33% from its peak on December 18, 2024, which could indicate potential for a rebound at these levels.
Given the stock's current discount, I believe it may present a compelling opportunity for long-term investors. I intend to continue building my position through a disciplined Dollar-Cost Averaging (DCA) strategy, gradually accumulating shares as the price moves lower.
Should TSLA reach the $300 mark, I consider it a strong buying opportunity.
As always, please trade with caution and consider your risk tolerance before making any decisions.
Tesla (TSLA) is currently positioned at a critical confluence zone, where both horizontal and ascending trendlines intersect. Should the selling pressure persist and the stock breaks below the $325 level, there is a potential for further downside movement toward a psychological support zone at $300.
It is important to note that TSLA has experienced a significant decline of approximately 33% from its peak on December 18, 2024, which could indicate potential for a rebound at these levels.
Given the stock's current discount, I believe it may present a compelling opportunity for long-term investors. I intend to continue building my position through a disciplined Dollar-Cost Averaging (DCA) strategy, gradually accumulating shares as the price moves lower.
Should TSLA reach the $300 mark, I consider it a strong buying opportunity.
As always, please trade with caution and consider your risk tolerance before making any decisions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.