Key Takeaways
- Tesla shares soared to a new all-time high Wednesday as the stock gained ground for the sixth straight day, extending a huge post-election rally.
- Since breaking out from an ascending triangle early last month following the election, Tesla shares have continued to trend sharply higher.
- The measuring principle, which calculates the percentage change between the ascending triangle’s lower and upper trendlines and adds it to the pattern’s top trendline value, forecasts a bullish price target of $585.65.
- Investors should watch key support levels on Tesla’s chart around $380 and $300.
Tesla (TSLA) shares soared to a new all-time high Wednesday as the stock gained ground for the sixth straight day, extending a huge…
