Tesla Inc., H4

On the H4 chart, quotes of the American electric car manufacturer Tesla Inc. are held in the area of 230.82, while in the range 194.36−223.92 "Bullish Marubozu" candlestick patterns have already appeared, confirming the dominance of buyers in the asset. In addition, after the formation of a price gap at the level of 213.33, the "Hammer" pattern is being built, signaling the beginning of a long uptrend, within which the "bulls" are likely to continue to restore positions to the level of 234.51, and then to the area of 252.52−269.59. Nevertheless, if the "bears" manage to consolidate below the key support level of 213.33, the negative dynamics may intensify down to the level of 166.86.

Tesla Inc., D1

A series of "Bullish Marubozu" patterns are forming on the D1 chart, and the intensive growth in the value of securities was preceded by the construction of the "Hammer" and "Inverted Hammer" candlestick patterns under the support level of 194.36, which indicate continued pressure from buyers. Against this background, a more likely scenario is the continuation of the "bullish" rally to the resistance level of 234.51, the overcoming of which will be a signal to open long positions with targets of 252.52−269.59.

Support and resistance

Support levels: 213.33, 194.36, 166.86.

Resistance levels: 234.51, 252.52, 269.59.

Trading tips

Long positions can be opened above the level of 234.51 with targets of 252.52, 269.59. Stop-loss — 223.92. Implementation period: 7 days or more.

Short positions can be opened below the level of 213.33 with targets of 194.36, 166.86. Stop-loss — 223.92.