Tesla may rise to 222.40 - 230.30

Our pivot point stands at 184.

Our preference

The upside prevails as long as 184 is support.

Alternative scenario

The downside breakout of 184 would call for 171 and 163.2.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 181.0585 and 175.6096). Finally, Tesla is trading above its upper Bollinger band (standing at 195.02).

Supports and resistances

238.3 **

230.3 *

222.4 **

214.4

197.42 (USD-last)

189

184 **

171 *

163.2 **

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