Will Testa stay above 200? Hmmm...
Like all stocks, also Tesla recovered strongly since the beginning of the year, and, in its case, this recovery is, in fact, a doubling of its value.
At this moment the price of Testa is 208 and, one may wonder if it will continue its rise.
Leaving aside this extreme optimism since the start of the year and getting back to Earth, there are no fundamental reasons for continuation.
Technically, this zone is very strong resistance and even considering only profit taking we will have a ceiling in this zone (100% gains in 2 months is immense as a return)
In my opinion, Tesla will roll back down, and is more probable from this point to drop to 150 than to rise to 250.
At this moment the price of Testa is 208 and, one may wonder if it will continue its rise.
Leaving aside this extreme optimism since the start of the year and getting back to Earth, there are no fundamental reasons for continuation.
Technically, this zone is very strong resistance and even considering only profit taking we will have a ceiling in this zone (100% gains in 2 months is immense as a return)
In my opinion, Tesla will roll back down, and is more probable from this point to drop to 150 than to rise to 250.
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