ElenaMayi

TSLA - will make a short correction to be the uptrend

Long
ElenaMayi Updated   
BATS:TSLA   Tesla
The price is trading bearish and may continue this decline to the support level of 156.86 as a correction. After that, it will rally to break the level of 174.30, and staying above this level will reach the level of 199.43. staying below 156.87, it heads to 139.66.


Tendency: Long 155.460
Target station: (155.800, 156.200, 156.500).
Comment:
Tesla's stock increased significantly on Monday morning to reach 199.43 after the electric vehicle manufacturer achieved a major milestone in rolling out its cutting-edge driver-assistance technology in China.


The announcement of Tesla CEO Elon Musk's travel to China caused investors to respond, and the company's share price surged by more than 16%.

trading under 199.43, we will see the correction until 180.07, then will continue it's uptrend until above 239.67.


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