Tesla has had a great 2023, having ascended well into the triple-digits percentage-wise, but it has stalled in recent months. At the moment, the price action is crammed between a powerful trio of Fibonacci retracement levels (resistance) and a trendline that has been in place all year (support).
Here’s the longer view, Should we break that trendline, I’d say it’s a pretty easy trip to at least $221.
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