Technical analysis

Tesla Wave Analysis – 16 February 2023

• Tesla reversed from round support 200.00

• Likely to rise to resistance level 230.00

Tesla recently reversed up from the round support 200.00 (previous resistance from October and November), standing near the 20-day moving average.

The upward reversal from the support 200.00 continues the active primary upward impulse sequence from the start of January.

Tesla can be expected to rise further toward the next resistance level 230.00 (former multi-month high from October).

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