Tesla may rise to 291.30 - 305.30

Our pivot point is at 219.3.

Our preference

As long as 219.3 is support look for 291.3.

Alternative scenario

The downside breakout of 219.3 would call for 197 and 183.8.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 229.8775 and 198.209).

Supports and resistances

319.3 **

305.3 *

291.3 **

277.4

239.2 (USD-last)

228.1

219.3 **

197 *

183.8 **

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