Magnificent Tech Stocks

Tesla (TSLA) - Edition #1

Luis Ricardo Guizado

Jul 8, 2024 — 1 min read

Macro Outlook: Neutral

We have been in a downtrend making lower highs since November 2021.
Finally, June's monthly close showed some strength and so far July's price action have shown bulls are in control.

Now what?

There is no point of making longs which so little risk reward.
We found support at $165 level but now we are at a resistance zone.
If prices flips and establishes above $265, then we'll look for long entries.

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