Watch These Tesla Price Levels as Stock Bounces Back from Sell-Off
Key Takeaways
- Tesla shares jumped Wednesday after the EV maker released its quarterly delivery numbers, rebounding from a steep decline the previous session sparked by the feud between CEO Elon Musk and President Trump.
- Tesla shares broke down from a bearish flag pattern and closed below key moving averages on Tuesday before recovering most of the move Wednesday, laying the groundwork for a potential bear trap.
- Investors should watch important support levels on Tesla’s chart around $285 and $225, while also monitoring key resistance levels near $365 and $430.
Tesla (TSLA) shares moved back into high gear on Wednesday.
The stock rose 5% to around $316 after the EV maker released data on deliveries in the second quarter, which…
