Chart source: Tradingview.com
Tesla ranging around the $620 to $700 area for the past month or so. We’re looking for a good clean break of the $700 resistance which might take us to $750 in the coming weeks. An increase in volume would add conviction to this breakout. It has actually broken above its mid-term downtrend line which is a positive for us but breaking above $700 would be an added bonus.
We’re looking to see Immediate support at $650 then $620.
What’s your take on Tesla? Do drop us a message. =)