Stockholders of $TSLA are undoubtedly excited about the stock's recent 30% jump back into the $300s. The stock had been trading below that level since January, and recent fundamentals has propelled the stock value upwards. From a technical perspective, I see things really getting interesting near the $350 mark as the stock has struggled to break and stay above that price-point in the past two years.
The stock still has another 10% to climb before we even get there, but $350 should be an area of interest for all investors and traders of this name. If it breaks that resistance, $383 is the stock's record high and would become the next target.
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The stock still has another 10% to climb before we even get there, but $350 should be an area of interest for all investors and traders of this name. If it breaks that resistance, $383 is the stock's record high and would become the next target.
