Tesla may rise to 227.00 - 234.90

185.1 is our pivot point.

Our preference

The upside prevails as long as 185.1 is support.

Alternative scenario

Below 185.1, expect 172.4 and 164.8.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 182.013 and 176.4582). Finally, Tesla has crossed above its upper daily Bollinger band (197.81).

Supports and resistances

242.8 **

234.9 *

227 **

219

197.88 (USD-last)

190.2

185.1 **

172.4 *

164.8 **

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