Tesla is in an uptrend and bullish market. The market needs to tap the support level at the price of 244. This is the price of support from where the market can continue moving up. The prices are forming higher highs and higher lows and I anticipate another higher impulse towards the resistance level.

The descending trendline has broken out for buys and the price is already validating it.

There is no retracement indication in this setup.

EMA 50 is also bullish and the market may tap the support level in confluence with the technical factors.

RSI is at 60. It needs to tap the 50 level in order to neutralize the oscillator and align with the technical factors.

Tesla at support level 244

Dec 14 2023

Stop Loss -3.64%

Holding time 6d0hr

243.45

Entry price

234.58

Stop loss price