Watch These Tesla Price Levels as Stock Regains Traction After Recent Pullback
Key Takeaways
- Tesla shares surged Wednesday after spending several weeks in the slow lane following a huge post-election rally.
- The stock has consolidated within a flag pattern, indicating a continuation of the strong uptrend.
- Bars pattern analysis, which takes the stock’s strongly trending move from October 2019 to February 2020 and repositions it from November’s ascending triangle breakout, forecasts a bullish longer-term price target of around $775.
- Investors should monitor key support levels on Tesla’s chart around $300 and $265.
Tesla (TSLA) shares surged Wednesday after spending several weeks in the slow lane following a huge post-election rally.
The 8% gain Wednesday came as weaker-than-expected inflation data boosted investor…
