Tesla Technology Company, which is the largest global electric vehicle manufacturer in the world, and Tesla Corporation is traded on the US Nasdaq Stock Exchange. Its market value now stands at $ 764 billion at the time of writing this article.
The stock is trading on h4 frame in a descending channel in the form of a bearish flag, as shown in the chart above. We expect the negative pressure on the stock to continue to exit this channel, to continue its bearish rally in the coming months, to reach the level of 503 to buy from it, which is a strong support level for the stock. Another scenario, if the price rises and breaks the upper leg of the channel, then buying will be the master of the stock's situation
