Tesla may rise to 216.50 - 228.70

Our pivot point stands at 157.2.

Our preference

The upside prevails as long as 157.2 is support.

Alternative scenario

Below 157.2, expect 137.3 and 125.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 172.9655 and 170.8078).

Supports and resistances

241.1 **

228.7 *

216.5 **

204.2

177.46 (USD-last)

165

157.2 **

137.3 *

125.6 **

Number of asterisks represents the strength of support and resistance levels.