Tesla may rise to 219.20 - 231.40

Our pivot point stands at 159.1.

Our preference

As long as 159.1 is support look for 219.2.

Alternative scenario

Below 159.1, expect 139.6 and 127.9.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (176.714) but above its 50 day moving average (172.0282).

Supports and resistances

243.5 **

231.4 *

219.2 **

206.9

176.38 (USD-last)

166.8

159.1 **

139.6 *

127.9 **

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