Source: PaxForex Premium Analytics Portal, Technical Insight

After the start of receiving preliminary orders for Cybertruck armored truck, Tesla actively used to share its statistics, but then it stopped abruptly. Analysts assumed that by the time the sales start next year the volume of orders will reach the mark of 1 million, and the data given today by Wedbush Securities is quite consistent with this. The volume of orders of Tesla Cybertruck armored truck is estimated at 650 thousand. According to estimates of Wedbush Securities analyst Daniel Ives, the number of orders of Tesla Cybertruck could already exceed the mark of 650 thousand - this volume he characterized by the word "stunning". Ives' forecast is based on the analysis of communities of electric cars fans in general and Tesla cars in particular, as well as on the information received from environmental activists.

Tesla, H4

Pivot: 1001.22

Analysis:

Provided that the asset is traded above 958.06, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 1001.22
• Take Profit 1:  1011.07
• Take Profit 2: 1026.88

Alternative scenario: 

In case of breakdown of the level 958.06, follow the recommendations below:

• The timeframe: H4
• Recommendation: short position
• Entry point: 958.06
• Take Profit 1: 905.04
• Take Profit 2: 871.56

Comment:

RSI shows an uptrend.

Key levels:

Tesla, D1

Pivot: 990.90

Analysis:

While the asset is traded above 840.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 990.90
• Take Profit 1: 1113.00
• Take Profit 2: 1170.00

Alternative scenario:

If the level 840.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 840.00
• Take Profit 1: 753.00
• Take Profit 2: 701.00

Comment:

RSI trades above 70. This may mean that the stock is in a long-term uptrend, or it is simply overbought and therefore a correction may take place (look for a bearish divergence in this case). MACD is above its signal line and positive. The configuration is positive. Besides, the stocks are above the 20 and 50 SMAs (859.68 and 763.07 respectively). Finally, Tesla trades above its upper Bollinger band (standing at 975.75).

Key levels:

We also advise you to pay attention to Apple for intra-day trading:

Pivot: 367.35

Analysis:

While the asset is traded above 362.20, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 367.35
• Take Profit 1: 376.60
• Take Profit 2: 380.20

Alternative scenario:

If the level 362.20 is broken-out, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 362.20
• Take Profit 1: 356.20
• Take Profit 2: 352.60