TSLA’s recovery towards the resistance level of $168-170

AAATrade Team AAATrade

Today’s instrument is the Tesla Inc.’s stock traded in NASDAQ exchange under the ticker TSLA.

Looking at the TSLA chart, we can see that on the 20 th of April, there was a big drop of the share’s price from around $180 to around $160, which was due to the worse- than-expected quarterly earnings announced, and then it was recovered to the lastly traded at around $165, which was supported by the announcement of higher car sale price in USA. Today, we could expect that recovery until the first resistance level at around $168-170 and then, if breaking through it is not possible, a price retreat should be expected.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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