Categories: Technical analysis

Tesla Wave Analysis – 21 March 2025

Tesla: ⬆️ Buy

– Tesla reversed from support level 220.00

– Likely to rise to resistance level 280.00

Tesla recently reversed up from the support zone surrounding the multi-month support level 220.00 (which has been reversing the price from September).

The upward reversal from the support level 220.00 stopped the previous impulse wave 5 of the intermediate impulse wave (C) from January.

Given the oversold daily Stochastic, Tesla can be expected to rise to the next resistance level 280.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: Tesla

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