Tesla may rise to 266.90 - 281.90

Our pivot point is at 194.9.

Our preference

Our next up target stands at 266.9.

Alternative scenario

The downside breakout of 194.9 would call for 170.3 and 155.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 211.8235 and 218.046).

Supports and resistances

297 **

281.9 *

266.9 **

251.8

220.32 (USD-last)

204.6

194.9 **

170.3 *

155.7 **

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