$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.


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.

The following section is available for the subscribers only. A $10 USD monthly subscription gets you access to the monthly and weekly analyses, mid and long term forecasts for cryptocurrencies, major US and some world indices, volatility index and DXY, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.

Premium Content

Read more of this content when you subscribe today.

Previous Update:

I hope you actioned the Alerts on Feb 17 and Feb 12:

%d bloggers like this: