Tesla (TSLA) Resistance Breakout and Next Target

16 Eyl

Current Resistance Level: Tesla’s stock (TSLA) is currently testing a key resistance level.

Breakout Scenario: If TSLA breaks above this resistance, it could indicate a bullish breakout, suggesting more upside potential.

Next Resistance Target: Once the breakout is confirmed, the price could aim for the next resistance level as the target.

Confirmation: Wait for Tesla to close above the resistance with strong buying volume. Look for bullish candlestick patterns to confirm the breakout.

Risk Management: Place a stop-loss just below the new support level (the previous resistance) to manage the risk of a false breakout or price reversal.