Tesla’s Long-Term Outlook: Key Insights.

  • Strong Bullish Structure

    • Tesla (TSLA) displays a strong rounding bullish structure.

    • Recent breakout and testing of the axis line.

  • Key Pivot Level to Watch

    • The critical pivot level: $447.3.

    • A breakout above this level may signal a reversal.

  • Upcoming Earnings

    • Tesla’s earnings release: January 22.

    • Potential consolidation before another move up.

  • Risks to Monitor

    • Localized supply increases may slow momentum.

    • Index pullbacks could impact Tesla’s performance.

  • Relative Strength

    • Strong performance since the November 6 breakout (election bar).

    • Momentum tied to broader market movements.

Watch the video below to find out the price action analysis and the high reward-to-risk ratio setup in Tesla (TSLA).

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

EUR/USD holds above 1.0400 in quiet trading

EUR/USD holds above 1.0400 in quiet trading

EUR/USD trades in positive territory above 1.0400 in the American session on Friday. The absence of fundamental drivers and thin trading conditions on the holiday-shortened week make it difficult for the pair to gather directional momentum.

EUR/USD News
GBP/USD recovers above 1.2550 following earlier decline

GBP/USD recovers above 1.2550 following earlier decline

GBP/USD regains its traction and trades above 1.2550 after declining toward 1.2500 earlier in the day. Nevertheless, the cautious market mood limits the pair's upside as trading volumes remain low following the Christmas break.

GBP/USD News
Gold declines below $2,620, erases weekly gains

Gold declines below $2,620, erases weekly gains

Gold edges lower in the second half of the day and trades below $2,620, looking to end the week marginally lower. Although the cautious market mood helps XAU/USD hold its ground, growing expectations for a less-dovish Fed policy outlook caps the pair's upside.

Gold News
Bitcoin misses Santa rally even as on-chain metrics show signs of price recovery

Bitcoin misses Santa rally even as on-chain metrics show signs of price recovery

Bitcoin (BTC) price hovers around $97,000 on Friday, erasing most of the gains from earlier this week, as the largest cryptocurrency missed the so-called Santa Claus rally, the increase in prices prior to and immediately following Christmas Day. 

 

Read more
2025 outlook: What is next for developed economies and currencies?

2025 outlook: What is next for developed economies and currencies?

As the door closes in 2024, and while the year feels like it has passed in the blink of an eye, a lot has happened. If I had to summarise it all in four words, it would be: ‘a year of surprises’.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures