Stocks

Tesla may rise to 207.20 - 214.50

2024-06-16

Our pivot point stands at 168.1.

Our preference

The upside prevails as long as 168.1 is support.

Alternative scenario

Below 168.1, expect 156.8 and 149.9.

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 177.28 and 172.6128).

Supports and resistances

221.5 **

214.5 *

207.2 **

200.1

178.01 (USD-last)

172.5

168.1 **

156.8 *

149.9 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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