TSLA - 4h - Failed to surpass the resistance
Tesla Inc. stock has struggled to break through a key resistance level.
On Monday, the stock tested the $232.80 resistance for the third time but failed to surpass it, signaling weaker demand for shares.
This repeated inability to break higher suggests that we might be on the verge of a pullback, with the potential for the price to decline towards the $202.00 level.
For traders and investors, this could indicate a period of caution as the stock faces increased selling pressure.
Will TSLA find the strength to bounce back, or are we in for a deeper correction?
On Monday, the stock tested the $232.80 resistance for the third time but failed to surpass it, signaling weaker demand for shares.
This repeated inability to break higher suggests that we might be on the verge of a pullback, with the potential for the price to decline towards the $202.00 level.
For traders and investors, this could indicate a period of caution as the stock faces increased selling pressure.
Will TSLA find the strength to bounce back, or are we in for a deeper correction?
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