Tesla may rise to 259.00 - 270.00

Pivot

234.00

Our preference

Long positions above 234.00 with targets at 259.00 & 270.00 in extension.

Alternative scenario

Below 234.00 look for further downside with 218.00 & 195.00 as targets.

Comment

The RSI is below its neutrality area at 50% but reversing up.

Supports and resistances

279.00

270.00

259.00

250.35 Last

234.00

218.00

195.00

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