Tesla Inc. $TSLA Technical Update

November 29, 2018, BY Thomas H. Kee Jr - Editor, Stock Traders Daily | Subscribe to RSS

The Tesla Inc. (NASDAQ: TSLA) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for TSLA, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

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Technical Summary

Term →	Near	Mid	Long
Bias	Strong	Strong	Neutral
P1	328.60	287.68	256.54
P2	343.92	342.36	318.62
P3	351.45	395.07	381.84

Long Term Trading Plans for TSLA

November 29, 2018, 1:00 am ET

The Technical Summary and Trading Plans for TSLA help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TSLA Report.

TSLA - (Long) Support Plan

The technical summary data tells us to buy TSLA near 318.62 with an upside target of 381.84. This data also tells us to set a stop loss @ 318.36 to protect against excessive loss in case the stock begins to move against the trade. 318.62 is the first level of support below 347.87 , and by rule, any test of support is a buy signal. In this case, support 318.62 is being tested, a buy signal would exist.

TSLA - (Short) Resistance Plan

The technical summary data is suggesting a short of TSLA as it gets near 381.84 with a downside target of 318.62. We should have a stop loss in place at 382.1 though. 381.84 is the first level of resistance above 347.87, and by rule, any test of resistance is a short signal. In this case, if resistance 381.84 is being tested, a short signal would exist.