Tesla Inc. (TSLA) Technical Analysis and Forecast

TSLA has demonstrated strong upward momentum since the market opened today, reaching a resistance level around the $362 zone.

From a technical perspective, there is potential for a short-term pullback to the $354 area, which aligns with the top of the support zone, also known as the "right shoulder" of the prevailing pattern.

Should this support level hold, we may anticipate a continued upward move, targeting higher price levels.

Key Levels to Watch:

Support Levels:

Primary Support: $354 zone

Secondary Support: $321 zone (as a deeper stop loss level)

Resistance/Take Profit Levels:

Target 1 (Take Profit): $440

Target 2 (Take Profit): $480 (previous all-time high)

Traders should approach this setup with caution, as always, adhering to sound risk management principles.