Friday, February 2, 2018

Annual Forecast for Tesla (2018)

Tesla Inc. stock (NASDAQ:TSLA) is currently bullish, though the recent market condition is quite choppy. Price is supposed to go upwards, which see.

4 EMAs are used for this strategy and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

The EMAs are currently sloping upwards: When price dips into the EMA 10 or 20 (even 50, owing to the market condition), it would go upwards again.

The only thing that can overturn this analysis is a situation in which price goes below the EMA 200, which would result in a Death Cross.

As long as the EMA 200 is not breached to the downside, the outlook on Paypal would remain bullish. That is the projection for 2018.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset

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