TSLA

Tesla (TSLA) is currently in a downtrend as shown by EMA10-20 deadly cross in daily time frame. Prices also trading below the $910 resistance level. The $910 level was used because it previously acted as a strong resistance during February 2021. Hence there is a possibility of a retest of the $792 low with further support at $726. In contrasts, an EMA10-20 golden cross plus a daily close above $910 could pave the way towards the $1,017.75 resistance and $1,071.02. Both levels were 50% and 61.8% Fibonacci Retracement levels derived from $1,243.49 high and $792.01 low.