Technical analysis on Tesla stock for week ending 12/12/2020. Tesla’s bullish momentum hits a snag as it stalls in the $600’s. Tesla dipped sharply on Thursday before reversing. It’s found itself right at $610 support on Friday. If bulls can push it higher, the next resistance levels first lie at $628, then $660. However, bearish MACD and RSI are indicating a potential break below $610 support to test $585 support, and if that level breaks then $575 would be next level of support.
Tesla news this week includes:
-Gene Munster: Tesla could soar another 300% as the company expands its tech outside the auto industry
-Ryan Brinkman: Tesla gets $90 price target from JPMorgan
-Tesla to raise up to $5 billion in share offering