Tesla: ⬆️ Buy
– Tesla reversed from support level 341.00
– Likely to rise to resistance level 400.00
Tesla recently reversed up from the support zone between the support level 341.00 (which stopped wave b at the end of September), the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from the end of July.
The upward reversal from this support zone started the active short-term correction inside the impulse wave 3 from the start of November.
Given the strength of the support level 341.00, Tesla can be expected to rise further toward the next resistance level 400.00 – former support from the end of October.