Tesla - Daily

Tesla shaping up for a potential upside move. Target of $179.91 which corresponds with the 50-day moving average.

Tesla shaping up for some potential upside over the next couple of days. Currently trading at around $172.71 a share, with the resistance and target of $179.91 which corresponds with the 50-day moving average. A move and close above the 50-day MA could see the price rise higher towards the resistance sitting at $189.67, though this is more of a midterm outlook. Support below sits at $169.23 (100-day MA) then at $166.57. A dip below $166.57 may see the price retrace again towards around $160 a share. Looking at the indicators, MACD is comfortably positive and RSI is neutral but rising as it reads 50.