TradeCompass for Tesla Stock
Current Price: $417.00 (at the time of this analysis)Bearish Threshold: $415.28Bullish Threshold: $421.75
Directional Bias: The tendency leans bullish. While Tesla hovers near a key inflection point, it requires confirmation to determine sustained movement.
Bearish Outlook:
Below $415.28, Tesla could face increased selling pressure. Here are the bearish profit targets:
$413.15 – Just above the Value Area High (VAH) of yesterday.$410.19 – Above the Value Area Low (VAL) of yesterday.$406.46 – Ideal for a swing trade setup.$400.55 – A deeper bearish extension.Bullish Outlook:
Above $421.75, Tesla exhibits potential for an upside breakout. Here are the bullish profit targets:
$423.69 – Close to the Point of Control (POC) from three days ago; a quick initial target.$428.02 – Reflecting further bullish momentum.$433.82 – Third Upper Standard Deviation of VWAP from three days ago; a strong stretch target.Trade Notes:
Tesla’s setup suggests a high likelihood of directionality near the key levels of $415.28 and $421.75.Use these levels as your “compass” for identifying shifts in sentiment and potential entries.Employ partial profit-taking and manage risk responsibly, especially near round numbers like $420.Trade Tesla at your own risk. Thank you.
This article was written by Itai Levitan at www.forexlive.com.Hence then, the article about tradecompass for tesla stock was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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