Tesla may rise to 205.70 - 212.80

Our pivot point is at 171.3.

Our preference

The upside prevails as long as 171.3 is support.

Alternative scenario

The downside breakout of 171.3 would call for 159.4 and 152.3.

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 trading above both its 20 and 50 day moving average (respectively at 178.168 and 173.62).

Supports and resistances

220 **

212.8 *

205.7 **

198.3

183.01 (USD-last)

176

171.3 **

159.4 *

152.3 **

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