Tesla Wave Analysis – 24 May, 2021

• Tesla reversed from support level 550.0

• Likely to rise to resistance level 630.00

Tesla recently reversed up from the support level 550.0 (former monthly low from December and March).

The support zone near the support level 550.0 was strengthened by the lower daily Bollinger Band and the nearby 61.8% Fibonacci correction level of the sharp upward impulse from October.

Tesla can be expected to rise further toward the next resistance level 630.00 – followed by the resistance level 650.00.