TSLA Price Analyze

TSLA share price is moving in a neutral (roughly ascending) channel as it showed in the chart in the color green. Price reaction to the middle line of the channel has been notable during the past months. As featured in the chart, in the recent uptrend the price has also reacted to the middle line of the channel as well but it is still a sub-ascending channel (two green lines). It is expected of the bottom green line to push the price up in the next few days. If the price formation and candle stick patterns admitted a reversal near the green bottom line, it will be a perfect buy opportunity with an acceptable risk/reward ratio. In spite of that, if the price penetrates the green bottom line completely, it will be expected the price to meet the bottom line of the main channel.

supports:

257 --> Green bottom line
232 --> Static support
220 --> Channel bottom line

Resistances:
288 --> Pullback area
318 --> Channel middle line
355 --> Top green line, top red line (strong resistance)