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Tesla stock: “All-time high or major slump?”, That is the question! – Chart analysis

It almost looks like Tesla stock has once again escaped extensive consolidation. Although the share price of the US electric car maker went down from $ 502.49 to $ 329.88, the paper only corrected the hype between August 14th and September 1st – both in 2020, mind you has started a recovery movement, but so far with three highs between $ 448.88 and $ 461.94 has remained noticeably below the previous all-time high for Tesla shares. Is there a technical weakness in the title after all?

The risks of a major consolidation can hardly be denied after the boom in the electric car share – but they have been for what feels like an eternity, with nothing more than the recent downward movement in the second half of August. Tesla’s 200-day line at $ 252.98 is still well below its current share price. It would be an indication of the possible height of the fall if there should actually be a major consolidation in the title.

In terms of chart technology, the Tesla share mark at $ 448/462 will play a decisive role in the short term. If this can be overcome, it would not be far to the all-time high for Tesla’s share price. At $ 470/479, there were only minor obstacles to overcome before testing this brand. If the resistance at 448/462 euros remains insurmountable, however, things will get exciting: Then a slide below 399/406 dollars for taxes in the direction of the two major recent consolidation lows at 329.88 dollars and 351.30 dollars and the technical support provided here to care. And also for possible speculation that the Tesla share might “catch” it after all …

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