Tesla (TSLA) Stock Price and Forecast: Perfect consolidation set up for a drive to $781NEWS |
8/4/2021 9:41:35 AM GMT
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By Ivan Brian
Tesla stock consolidates above $700 after a strong end to last week.
TSLA is on target to break $781 resistance.
The EV giant is still one of the retail trader's favourite stocks.
Tesla stock steadied itself for a test of higher levels on Tuesday, closing barely changed at $709.74. However, it was a perfect setup from a consolidation of the recent uptick, as the stock tested the psychological level at $700, with a low on Tuesday of $701.01. This keeps the bullish trend intact and Tesla remains on track to test our next resistance at $781, the high from April 14.