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Tesla Stock Looks To Build On Positive Momentum

Published 10/08/2021, 09:00 AM

Looking at Tesla's (NASDAQ:TSLA) 4-hour chart, we can see an uptrend for the past few months.

The stock has climbed steadily, slowly building momentum in hopes to reach its all-time high at $900.

Tesla 4-hour chart technical analysis.

Intraday Outlook

At the time of writing, Tesla is hovering around $793, with overhead resistance at $807 and its closest support base at $764.

Today we could expect a pattern continuation and a price action move towards the $807 resistance level.

However, if it fails to hold above $793, it could move towards the $764 support level.

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