– Tesla broke daily up channel
– Likely to rise to resistance level 268.50
Tesla continues to rise inside the sharp impulse wave iii, which recently broke the resistance trendline of the narrow daily up channel from the start of August.
The breakout of this up channel follows the earlier breakout of the pivotal resistance level 234.30, which reversed the price sharply in July and August.
Given the clear daily uptrend, Tesla can be expected rise further to the next resistance level 268.50 (a former multi-month high from July).
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