Annual Forecast for Tesla (2022)

PUBLISHED: Apr 02 2022 @ 07:12 | Comments (0) | More info about Azeez Mustapha

Tesla Inc stock (NASDAQ:TSLA) rose upwards in November 2021, and then got caught in a very rough and choppy bearishness between December 2021 and March 2022. Now, there is a clean bullish effort in the market.

Price has gone significantly above the EMA 21, while the William’s % Range period 20 is already in the overbought region. This is a buy signal from both indicators as Tesla is expected to continue moving upwards from here.

The William’s % Range in an overbought situation does not mean a “sell” signal here. Rather, it means while there could be temporary bearish corrections along the way, the market is expected to continue its bullish journey, which could take it towards the resistance zones at 1200.00, 1400.00 and 1600.00 before the end of this year.

The outlook on TWTR is bullish for this year.

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