Chart of the Day: Tesla Inc. #2: SWM 7/04/23

Tesla Corp.

(TSLA, Nas)

Open Position. 2.4%

ACB: $209.49

• Our Chart of the Day is intended to be a standalone technical chart.

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• This is a 1.5-year weekly chart of Tesla Inc.

• The 8 - Week Trend is moving up quickly and is past the $220 breakout level.

• Tesla stock reacted well on a report that volumes came in well ahead of consensus estimates, and raising Tesla EPS estimates for among the analyst community.

• If this strong breakout can follow through this week after the US market reopens on Wednesday, and closes above $280, then $315 is the next key overhead level on the chart.

• Key support at $240.

Chart of the Day (06/09/23)

Tesla Corp.

(TSLA, Nas)

Open Position. 2.7%

ACB: $209.49

• Tesla's charging network has been a recent catalyst with GM announcing yesterday they will be joining Ford in using Tesla's charging station network.

• With the momentum indicator, the RSI now at 87, we should expect some consolidation at some point.

• If TSLA is over $250, then $270 and $300 are next key levels. Holding here, prepared for wide ranges possibly.

• Support is at the $220 base breakout/support.