Hello Traders, welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla just recently had a rally of about 100% towards the upside followed by a healthy short term correction. As we are speaking, Tesla stock is starting the next impulse towards the upside, you can also see that we have the potential to create an inverted weekly head and shoulders so I just do expect more continuation towards the upside from here.
On the daily timeframe you can see that Tesla stock is over and over again retesting the daily resistance area at $200 so I am now just waiting for a break above the resistance and a retest before I then do expect the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: