Watch These Tesla Stock Price Levels After Post-Earnings Surge
Key Takeaways
- Tesla shares gained ground in extended trading on Wednesday as optimism over the automaker’s self-driving outlook trumped fourth-quarter results that came in below Wall Street’s expectations.
- The price looks sets to gap above the top trendline of a flag pattern on Thursday in a move that could resume the stock’s upward momentum.
- Bars pattern analysis, which takes the stock’s trending move from October to December and overlays it from the flag pattern’s lower trendline, projects a longer-term bullish target of around $790.
- Investors should monitor major support levels on Tesla’s chart around $360, $300, and $265.
Tesla (TSLA) shares gained ground in extended trading on Wednesday as optimism over the automaker’s…
