Tesla buys 193.75 from the support level will give us an impulse move towards the resistance level. The market is just resting at the support level and the impulse move up from creating the higher highs and higher lows will create a bullish trend. 

The descending trendline has broken out from the trendline. The ascending trendline is also testing the price action and creating a rejection. 

The shallow retracement is in confluence with the support level at the level of 61.8%. 

EMA 50 has broken out the price action from EMA 50 and the market retest will create the support level confluence.

RSI is at 55. It needs to neutralize at the 50 level in order to confluence with the technical factors.

Tesla buys from 193.75

Feb 22 2024