Today’s instrument is the Tesla Inc. stock traded in Nasdaq exchange under the ticker TSLA.
When we look at the TSLA chart, we can see the steady fall from the $1100 price level on the 30th to the $1050 up until yesterday’s trading session where they reported a record number of vehicles delivered in Q4, causing a 13.5% surge of its price, reaching all-time highs level. It was last found trading at $1150.
Today we could expect another attempt at the $1200 resistance level, as the short-term momentum could be at play.
If however, it doesn’t manage to hold the $1150 then a case for a retraction back to the $1100 could be expected.
(Click on image to enlarge)
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