CFD Trading – Buy Tesla Inc. (TSLA.NAS) @ $776.00. Stop @ $710.90 and Target @ $900.00.

Tesla Inc. Stock Code TSLA.NAS

Since moving above the cloud on 16 November 2020, price has been on an uptrend, reaching a high of $900.40 on 25 January 2021. Since that high, price has been on a decline. Price has come close to the upper edge of the cloud, which is providing the first layer of support. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD is bearish and is but could be turning up again soon as both of MACD lines are converging. We think the price correction could be ending soon and price could be heading higher to test the previous high at $900.40

$776.00              Buy
$900.00              Price Target
$710.90              Risk Management Stop
3 weeks              Trade Duration

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