Tesla: ⬆️ Buy
– Tesla broke daily down channel
– Likely to rise to resistance level 450.00
Tesla today broke the resistance trendline of the daily down channel from December, which enclosed the previous minor ABC correction ii.
The price earlier reversed up with the daily Morning Star from the support area between the support level 387.50, lower daily Bollinger Band and the support trendline of the daily down channel from December.
Given the clear daily uptrend, Tesla can be expected to rise to the next resistance level 450.00 (top of wave b from January).