Current price: 266
Key point: 257
Our preferred direction: buying positions above 257 levels, targeting 281 as a first target, then 287 as a second target
Alternative scenario: stop loss and change direction by breaking 257 level, targeting 250 levels
Technical comment
Tesla stock fell on the daily time frame from the resistance levels 300.00 and from the descending trend line from the top of November 2021, in line with the harmonic bat pattern with a rate of 88% Fibonacci retracement, and indeed, the price reached the support levels 257-261 within the ascending channel, so it is expected to rise again once. Others for levels 281-286
