$TSLA = Weekly Update = 26.02.2022 #TSLA $Tesla #Tesla

#TSLA closed this week with an interesting set of daily and weekly candles and very clear perspectives for the monthly closure on February 28. Let’s have a closer look.

The analysis below is part of the Weekly Series – US and global indices, Cryptocurrencies, Commodities, Currency, and Large Cap stocks – that can be viewed here.

This Weekly Update contains:
– overview of the daily, weekly and the perspectives for monthly candles and TA;
– short term forecast with Elliott Waves.

CANDLES

Monthly (right chart)
The monthly candle that can be closed on Monday is in a position to form various bearish candle. Why I am not talking about a bullish candle? The answer is simple. In order to make a bullish formation, $TSLA needs to rally on Monday about 15% or higher. While the possibility is always there, the probability of such rally is somewhat low.

From the technical perspective, unless TSLA closes on Feb 28 above approximately $890, it will close a month below 8 monthly EMA for the first time since 2019 when it lost about 40% of its cap after such event. Something to keep in mind.

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Previous Update:
https://investingangles.com/2022/02/19/tsla-mid-term-forecast-19-02-2022-tsla-tesla-tesla/

I hope you actioned the Alerts on Feb 17 and Feb 12:
https://investingangles.com/2022/02/17/tsla-alert-17-02-2022-tsla-tesla-tesla/
https://investingangles.com/2022/02/12/tsla-quick-update-12-02-2022-tsla-tesla-tesla/

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