ALB Limited 22.01.2024

Tesla Stock at Critical Support Level

NAS100 Technical Analysis

While the Nasdaq index is testing new record levels, it is trading in the 17525 region at noon in the new week. If the upward movement continues, the 17570 level can be monitored as a resistance point. In possible downward movements, the 17500 level may continue to be monitored as a support point.
 
Resistances: 17570 / 17600 / 17660
Supports: 17500 / 17440 / 17400
 

TESLA Technical Analysis

The 212.00 level can be followed as a critical threshold in the stock, which had a positive closing on Friday. In pricing above 212.00, the stock may gain momentum and 214.60 and 218.60 can be followed as important resistance levels in the short term. In case of downward movements, 209.70 and 206.20 can be followed as important support levels in the short term. If the 206.20 level is crossed downwards, 203.90 can be followed as another important support level.
 
Resistances: 214.60 / 218.60 / 220.00
Supports: 209.70 / 206.20 / 203.90
 

GM Technical Analysis

Technically, GM stock, which has been in a downtrend since February 2023, closed Friday positively above the short-term exponential moving averages. If upward movements continue, 35.88 and 36.21 can be monitored as important resistance levels in the short term. If the 36.21 level is crossed upwards, bullish movements may gain momentum and 36.57 can be followed as another important resistance level. In case of downward movements, 35.24 and 34.97 can be followed as important support levels.
 
Resistances: 35.88 / 36.21 / 36.57
Supports: 35.24 / 34.97 / 34.50
 

WHEAT Technical Analysis

Technically, 586.40 and 581.10 can be followed as important support levels if downward movements continue in Wheat, which follows a negative course in the short term. In case of upward movements, 595.20 and 599.80, where the 50-day exponential moving average passes, can be followed as important resistance levels in the short term. If the 599.80 level is crossed upwards, 603.44 can be targeted as another important resistance level.
 
Resistances: 595.20 / 599.80 / 603.44
Supports: 586.40 / 581.10 / 576.40
 

COPPER Technical Analysis

On the first trading day of the week, copper is traded in the 376.80 region with reaction sales from the 100-day moving average of 379. If downward movements continue, the 376 level can be followed as a support point. In upward movements, the 379 level can be followed as a resistance point.
 
Resistances: 379.00 / 383.00 / 386.00
Supports: 376.00 / 372.25 / 368.00

Tags: Technical Analysis, Analysis, Forex

RISK PROBABILITY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.99% of retail investor accounts lose money when trading CFDs with ALB Limited. These products may not be suitable for all investors. Please make sure that you fully understand the risks involved and seek independent advice if necessary. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The value of your investment may go down as well as up.

NEGATIVE BALANCE PROTECTION: Please see your rights here as a retail client.