Tesla ($TSLA) has been on an upward trend since late January. However, the stock has recently experienced a price pullback, retracing to a critical support level that coincides with the established trendline This convergence suggests a possible area for the current trend to continue. It is also important to mention that the price has formed a reversal candlestick pattern and crossed over the 18-week moving average, increasing the likelihood of a rebound from the support level.
In summary, $TSLA is currently in a short bullish trend, as evidenced by a recent pullback to a significant support level. The stock may maintain this support and exhibit further bullish price movements, or continue a sideways trend in mid-range.
In summary, $TSLA is currently in a short bullish trend, as evidenced by a recent pullback to a significant support level. The stock may maintain this support and exhibit further bullish price movements, or continue a sideways trend in mid-range.