Tesla: ⬆️ Buy
– Tesla reversed from strong support level 380.00
– Likely to rise to resistance level 420.00
Tesla recently reversed from the support area between the strong support level 380.00 (which has been reversing Tesla from November) and the lower daily Bollinger Band.
The upward reversal from this support area is currently forming the daily Japanese candlesticks reversal pattern Hammer – strong buy signal for Tesla.
Given the strength of support level 380.00, Tesla can be expected to rise to the next resistance level 420.00 (former support from January).