Tesla Hits 14th Floor, Drops Lower: A Technical Analysis Of Elon Musk-Led Stock
Portfolio Pulse from Melanie Schaffer
Tesla's stock rose over 5% this week but faced resistance near the top of an upper gap, resulting in a hanging man candlestick, suggesting lower prices may be on the horizon. The stock has been in an uptrend since April 27, with its relative strength index at almost 87%, indicating it is overbought.
June 15, 2023 | 12:40 pm
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Tesla's stock faces resistance near the top of an upper gap, with a hanging man candlestick suggesting lower prices may be on the horizon. The stock is in an uptrend since April 27, but its relative strength index is almost 87%, indicating it is overbought.
The hanging man candlestick suggests that Tesla's stock may face lower prices in the short term. The stock has been in an uptrend since April 27, but its relative strength index is almost 87%, indicating it is overbought. This combination of factors suggests that the stock may face a pullback in the short term.
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