Tesla may rise to 209.50 - 219.70

Our pivot point is at 162.6.

Our preference

As long as 162.6 is support look for 209.5.

Alternative scenario

Below 162.6, expect 146.1 and 136.1.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 176.506 and 172.111).

Supports and resistances

229.7 **

219.7 *

209.5 **

199.4

177.48 (USD-last)

169.1

162.6 **

146.1 *

136.1 **

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