Tesla may rise to 298.80 - 312.70

229.6 is our pivot point.

Our preference

The upside prevails as long as 229.6 is support.

Alternative scenario

The downside breakout of 229.6 would call for 207.2 and 193.8.

Comment

The RSI is above 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 226.996 and 196.9812).

Supports and resistances

326.6 **

312.7 *

298.8 **

284.9

249.23 (USD-last)

238.3

229.6 **

207.2 *

193.8 **

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