Tesla Up 25%+ This Month
Tesla was making record highs of $1243 in November 2021, up 1780% from the year before.
Price then went on a decline but soon found support.
The $1000 round number was penetrated but price found support at the 50 simple moving
average in January this year and has only just bounced off from support this month.
March is looking strong for Tesla with price already up over 25% and trading back above $1000.
If this momentum is sustained, we could see new all-time highs created over the next few weeks/months.
This is quite an expensive stock to invest in, so if you don't have the capital to place low-risk
positions in this asset, we cover many other cheaper assets in our analysis.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Price then went on a decline but soon found support.
The $1000 round number was penetrated but price found support at the 50 simple moving
average in January this year and has only just bounced off from support this month.
March is looking strong for Tesla with price already up over 25% and trading back above $1000.
If this momentum is sustained, we could see new all-time highs created over the next few weeks/months.
This is quite an expensive stock to invest in, so if you don't have the capital to place low-risk
positions in this asset, we cover many other cheaper assets in our analysis.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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