TESLA INC. (NASDAQ:TSLA): Keep an eye on the 50/100-day EMA

 


Tesla stock pulled back to retest a trendline support at ~ $234 after the company launched their Cybertruck last Thursday. The trendline support continues to hold up well despite a Reuter's report on Monday that Tesla's China-made EV sales fell 17.8% in Nov, the biggest drop since Dec 2022. There should not be a concern as long as the stock stays above its 50-/100-day EMA.

This note contained herein is not and should not be construed as a recommendation to buy or sell. We have no position in TLSA. Clickhere to view the latest update!

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