Tesla Wave Analysis – 9 December, 2022

• Tesla reversed from support level 179.20

• Likely to rise to resistance level 200.00

Tesla recently reversed up from the long-term support level 179.20 (which has been reversing the price from the start of 2021).

The support level 179.20 was further strengthened by the lower weekly Bollinger Band.

Given the strength of the support level 179.20 and the oversold daily and weekly Stochastic, Tesla can be expected to rise further toward the next round resistance level 200.00.