Account

New to ADSS? Open an
account now to get started.

OR

Already have an account?

Add funds to your ADSS account

Account

New to ADSS? Open an
account now to get started.

Add funds to your ADSS account

Trends & Analysis
News

Gold surges amid US-Iran deal prospects

News

Dow hits record closing high on US-Iran peace deal hopes

News

Nvidia’s stock dips despite Q1 beat, strong forecast

News

CAD falls versus USD following inflation data

News

Gold rises as Trump postpones Iran attack

News

Crude oil surges amid stalled US-Iran peace talks

Trends & Analysis
News

Gold surges amid US-Iran deal prospects

News

Dow hits record closing high on US-Iran peace deal hopes

News

Nvidia’s stock dips despite Q1 beat, strong forecast

News

CAD falls versus USD following inflation data

News

Gold rises as Trump postpones Iran attack

News

Crude oil surges amid stalled US-Iran peace talks

Breadcrumb navigation close

Asset Watch

Will Tesla accelerate in the weeks ahead?

Tuesday, July 18, 2023

Tesla presented Optimus, its humanoid robot, at its New York City store in early July, and not only was the AI innovation a marketing victory, but it helped provide a glimpse of Tesla’s progress with robotics. With Tesla reporting earnings on Jul. 19, could the ceremony have been a victory lap ahead of the fundamental print?
If so, the stock could accelerate in the weeks ahead, as it demonstrates similar characteristics to the bullish frenzies that occurred in late 2020 and 2021.
Tesla enjoyed a near vertical ascent in late 2020 and its 5-week moving average acted as support the whole way up. A similar move unfolded in late 2021, with only a small dip below the 5-week MA occurring before another blow-off top materialised.

The largest green candles surfaced near the end of the rallies, as Tesla soared by nearly 25% in the final week before the 2020 peak, and by more than 22% in the second final week in 2021. And as Tesla bounces off its 5-week MA last week, while the level has acted as reliable support since mid-May, outsized green candles could be on the horizon.

Finally, though Tesla’s weekly RSI stands at 70, the price peaks mentioned above occurred with readings north of 83. Therefore, traditional overbought conditions don’t apply to the EV giant.

So, could Tesla generate a summer surge, or are we closer to the top than the bottom?


© ADSS 2026


Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.

ADS Securities L.L.C – S.P.C (“ADSS”), a limited liability company – sole proprietorship company incorporated under United Arab Emirates law. Registered under Commercial License No.1190047. ADS Securities L.L.C S.P.C is regulated and authorised in the UAE by the Capital Market Authority (CMA) under Category 1 License No.305027 (Trading Broker, Trading and Clearing Broker, Trading Broker in the International Markets, Trading Broker of OTC Derivatives and Currencies in the Spot Market, Financial Products Dealer) and Category 5 License No.20200000217 (Introduction). Registered Office: 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.

The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.

ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.