Current price: 281
Key point: 280
Our preferred direction: selling positions below 280 levels, targeting 272 as the first target, then 267 as the second target.
Alternative scenario: stop loss and change direction by breaking 280 level, targeting 287 levels
Technical comment
Tesla stock rose strongly during the past weeks, breaching several important resistances until it reached levels 281-284, which is very close to other important resistance levels represented by a descending trend line from the top of November 2021 and a harmonic bat pattern with 88% Fibonacci retracement, so that a bearish correction is expected for the stock. to 267 levels before completing the climb again to 286 levels
