$TSLA stock hits the 200 day and holds it as support -2/2/2022

TSLA,Daily Bar chart published by Gary Vaughan

Take a look at this chart of Tesla stock. It’s a daily chart that goes back to June 1, 2020. Today is February 22, 2022 (lots of 2's). You can see from the chart that the 200 day SMA line is providing support the whole way. Today’s candle is shown as piercing it, but it’s clear to have a bullish support.

TSLA,Weekly Bar chart published by Gary Vaughan

Then here’s a weekly chart of it going back to 2010 that shows the 50 day providing support.

Both of these charts indicate to me the trend in the stock is still bullish and with and RSI of 36 on the daily, I will pick up some of the stock when it touches $800.

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