Tesla may rise to 292.10 - 305.50

216.8 is our pivot point.

Our preference

The upside prevails as long as 216.8 is support.

Alternative scenario

Below 216.8, expect 195.8 and 183.4.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 213.289 and 191.3618).

Supports and resistances

318.8 **

305.5 *

292.1 **

278.8

248.23 (USD-last)

224.9

216.8 **

195.8 *

183.4 **

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