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Tesla share: crash ended or excited too soon? – Chart analysis

In the case of Tesla shares, some investors have used the price plunge to build up new positions. From a technical chart point of view, however, it remains to be seen whether the timing was good or too early. Yesterday it went up again, Tesla’s share price ended NASDAQ trading at $ 366.28 after a daily high of $ 369, gaining almost 11 percent. Current indications in the US pre-exchange quoted for the shares of the electric car maker at 386.85 dollars a bit higher.

After the Tesla share took five full trading days to fall from $ 502.49 on Tuesday to $ 329.88, and thus once migrated from the upper to the lower Bollinger band, the share price has now both of the first chart-technical hurdles between $ 359 and 368 / 372 dollars overcome – at least before the market, yesterday the share price failed clearly at the upper of the two ranges. If this development is confirmed in regular NASDAQ trading, the recovery could continue.

Which chart technical signal marks traders still have to pay attention to: The next chart technical hurdles for the Tesla share are between 393.60 dollars and a range between 402 dollars and 405.59 / 410.73 dollars. Meanwhile, in the event of another setback, the $ 329/338 zone would be an important support level for Tesla’s share price. The EMA 50 is currently also in this region. However, up to the 200-day line at just under $ 210 there would be significant losses again.

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