Tesla: ⬆️ Buy
– Tesla broke resistance zone
– Likely to rise to resistance level 432.50
Tesla recently broke the resistance zone between the resistance level 388.00 (which stopped wave (A) at the end of September and wave 1 in the middle of October), the resistance trendline of the daily down channel from January and the 61.8% Fibonacci correction of the downward impulse (C) from May.
The breakout of this resistance zone accelerated the active impulse wave 3 of the impulse wave (C) from the start of October.
Given the strength of the active impulse wave 3, Tesla can be expected to rise further toward the next resistance level 432.50 – which stopped wave 4 at the start of July and the target for the competition of wave (C).