TradingKey – As of the close on Monday (November 2) Eastern Time, Tesla (TSLA) stock price rose again after three consecutive session pullbacks, closing at $403.82 that day, up 1%, hitting an intraday high of $414.23; in after-hours trading, the stock price rose slightly further to near $405. Over the past two weeks, Tesla’s stock price has rebounded significantly from its low of $349.33 on October 16, regaining the $400 psychological level.

Tesla stock price daily chart, Source: TradingView

From the daily chart of Tesla’s stock price, the downward trendline formed by connecting the previous candlestick highs has been effectively broken. This opens up upside room for the stock price and significantly strengthens market bullish momentum,…