Tesla: ⬆️ Buy
– Tesla broke down channels
– Likely to rise to resistance level 400.00
Tesla continues to rise after breaking two different-length down channels from March and December – as can be seen from the daily Tesla chart below.
The breakout of these down channels accelerated the active short-term corrective wave 4 of the intermediate impulse wave (C) from December.
Given the clear daily uptrend, Tesla can be expected to rise toward the next round resistance level 400.00, former strong support from February.