Watch These Tesla Price Levels as Stock Accelerates to Fresh Record High
Key Takeaways
- Tesla shares continued their extended post-election rally on Monday, hitting a new record high after Wedbush boosted its price target on the EV maker’s stock.
- The shares have trended sharply higher after breaking out from an ascending triangle, though the relative strength index signals extremely overbought conditions, which could lead to short-term profit-taking.
- Bars pattern analysis, which extracts the stock’s sharp trending move from late June to early July and overlays it from the ascending triangle’s top trendline, forecasts a bullish target of around $510.
- Investors should monitor key support levels on Tesla’s chart near $360, $300, and $265.
Tesla (TSLA) shares continued their extended post-election rally on…
