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Has Tesla Achieved Escape Velocity? Shares Jump on Delivery Data After Breaking Through Resistance

Benzinga ·  04:42

Escape Velocity For Tesla?

In a prescient post last week (Could Tesla Be Bottoming?), The Market Ear noted things could get exciting forTesla, Inc.(NASDAQ:TSLA) shares in the short term if the stock broke through resistance:

Tesla's Short Term Set Up

The short term chart is showing some sort of inverse head and shoulder formation having formed over the past few months. $190/195 is resistance area. A close above it and things could get short term "dynamic". Note the 50 day has flipped to sloping positive and could be crossing above the 100 day soon.

Source: Refinitiv

The Market Ear...

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