Tesla Closes Short Of Key Support Level

After making an upward gap on Thursday, above the key resistance level at 670.88 and breaking above the descending trendline, Tesla returned back to key support level and closed at a price of 671.87 on Friday.

  • Should the price break below the key support level at within the upcoming days, traders may see a test of the trendline or the filling of the runaway gap.
  • However, should the price break above the key resistance level at 691.97, the runway gap may be confirmed and bulls may take control of the market.