Watch these levels of Tesla as the stocks increases after Musk says that the role of dog will decrease

Tesla (Tsla) Actions jumped on Tuesday in extended trade, when the comments of Elona Musk CEO during the call for EV Maker’s earnings were sent Quarterly results It was much below the expectations of Wall Street.

Musk told investors and analysts who will allocate far from next month More time to Tesla and less to conduct government performance. Comments appeared after Tesla reported larger than the expected decreases in revenues and profits, because the automotive company fell due to lower volumes and on average sales prices.

Tesla’s shares in recent months have faced high sales pressure due to fear that Musk’s active involvement in Trump’s administration harmed the brand and sales of the company. Actions have fallen by 41% from the beginning of the year from the end of Tuesday, much worse results than S&P 50010% decrease in the same period. Tesla’s shares gained 5.4% to USD 250.80 during the session after hours.

Below we will take a closer look at Tesla Weekly chart and apply Technical analysis To identify the key Price levels after profits that investors will probably monitor.

Powder pattern

Since the breakdown from the growing Expanding the formation Last month, Tesla’s shares consolidated under Powder pattern before the company’s quarterly results.

One sec commercial volume Last week, the share of shares has increased generally since the shares found a local bottom at the beginning of March, which indicates that larger market participants in advance in advance to significant traffic after profits. Indeed, the actions look like pop -pop. Breakout above the monthly penalty of the pennants.

Let’s identify two key general areas that can enter the game to buy results, and locate important support levels It is worth watching during possible periods to bring profits.

Key general areas for monitoring

In the decisive breakthrough, Tesla shares to $ 315 may increase from the pennant. Tactical traders who expected a rally after profit can look for profit possibilities in this area near the outstanding heights counteracting The rally, which was created on the chart in August 2022.

Another area on the head that follows around USD 384. This level on the chart can provide pressure for sale near a short period consolidation Below the height in December, and this area also sets up with the peak of April 2022.

Key support levels that are worth watching

AND collapse Below the pennant of the pennants can initially cause sales to $ 206. Actions may encounter support in this region near the opponent of February High swing and the range of appropriate price on the chart from June to September.

Finally, sales below this level could make Tesla shares return to lower support by about USD 170. Investors can look for entrance points in this place near the period Dryf on the side This developed on the chart for most of May and June last year.

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