Tesla turnaround is around the corner

11 October 2022 141
Load the latest quotes
Full screen

Tesla shares are getting closer to their May and June lows in the 206-210 range. The general negative background in the financial markets does not allow the manufacturer of electric vehicles get its head above water. Nevertheless, a number of factors speak in favor of stopping the current wave of rate cuts.

 

The Doji Star pattern can help reverse this trend. In addition, the RSI indicator fell into oversold territory for the first time since the end of May, when previous lows were set. Good figures in the quarterly report, which will be released on October 19, can also add positivity.

 

In case of upward rebound, the targets will be at levels 250 and 265.

Comments
New Popular
Send
Commenting rules

Subscribe to our newsletter and stay up to date with all the news!