Tesla is trading at same level when market was opened on Jan 4th
Finally, Tesla broke above 720 level which was a strong resistance level for it and successfully closed above its 50 EMA after multiple attempts.
Today’s price range is the same as the price range on January 4th and 5th, but there is a big difference and that is trading volume, which is significantly lower in comparison to that time period!
Tesla is the sixth biggest company in the market and performed better than the first 5 by far in the last decade!
But something has changed in 2021, since mid February, Tesla was the worst performer among the top six!
Corrected more than 2x, and compensate less than others!
Don’t forget in the same time period MSFT,GOOG, and FB, reached new all times high, while apple and Amazon are less than 5% away from their all times high! For Tesla this number is around 20%.
How far could Tesla goes up? We should wait and see, but I’m pretty much sure tomorrow will be very challenging for Tesla (1,2,3 Fire 🔥 rule!)
Today’s price range is the same as the price range on January 4th and 5th, but there is a big difference and that is trading volume, which is significantly lower in comparison to that time period!
Tesla is the sixth biggest company in the market and performed better than the first 5 by far in the last decade!
But something has changed in 2021, since mid February, Tesla was the worst performer among the top six!
Corrected more than 2x, and compensate less than others!
Don’t forget in the same time period MSFT,GOOG, and FB, reached new all times high, while apple and Amazon are less than 5% away from their all times high! For Tesla this number is around 20%.
How far could Tesla goes up? We should wait and see, but I’m pretty much sure tomorrow will be very challenging for Tesla (1,2,3 Fire 🔥 rule!)
