Chart of the day

Where do we stand fundamentally?

TSLA could expand its market reach to Europe after the EU has imposed increased tariffs on EV vehicles from China. That could impact TSLA revenue and increase it. Better results are increasing expectations and stock prices.

TSLA is breaking above the strong resistance of 236. A break above this resistance could lead to an extension higher in what seems to be a third wave to the 600 target.

An invalidation level of a third wave extension higher is 200. We need to see a confirmed break higher above 300 for a third wave breakout to be confirmed and a target of 600 to be reached.

_{Look for a long trade entry with a stop loss below 215 to target 600.}