Tesla trades near 900.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Throughout February, the stock price for Tesla has been bouncing around the 900.00 levels. In the meantime, the pair has been ignoring the 50.00% Fibonacci retracement level at 892.23.

If the stock price recovers, it could face resistance in the 950.00 mark, which acted as resistance throughout February. Higher above, note the 61.80% Fibonacci retracement level at 975.35 and the 50-day simple moving average. Above these levels, take into account the 1,000.00 mark.

However, a decline of the price might find support in the combination of the 850.00 mark and the 200-day simple moving average. Below these levels, the 38.20% Fibonacci retracement level at 809.11 might stop a decline.
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