The candle that Tesla has, according to its daily chart, may have positive implications similar to the bearish engulfing candle completed on October 2, “so the objective is now to see the session end above $443.13 per share, which could lead the price to attack $465.33-$488.54 per share,” says Álvaro Nieto, technical analyst at Investment Strategies.
That is why «we continue to maintain a constructive attitude in order to ensure bullish continuity as long as it does not close below $395.94 per share. If that level is breached, the price would cover the bullish gap opened on September 15, leading to attacks on ceiling levels at $367.71 and $357.54 per share, with these areas of previous highs being able to function as potential support levels.»
This expert believes that it is key for Tesla to maintain these support levels, with the first objective being to exceed $443.13 per share.
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