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Message: [QUOTE="Resolve, post: 240310, member: 29339"] [B][SIZE=5]Tesla (TSLA) Stock Price Rises Above $400[/SIZE][/B] [img]https://i.imgur.com/52YhNam.png[/img] According to the Tesla (TSLA) chart, the stock price increased by 2% on Monday, closing above the key psychological level of $400. Bullish sentiment was driven by Morgan Stanley analysts raising their target price for Tesla (TSLA) from $400 to $430, citing the company's "highly promising" progress in autonomous vehicle (AV) technology. From a technical analysis perspective, this upward move is notable. Applying a linear regression trend channel from early November, when Tesla’s stock began a sharp rise following news of Trump’s victory (supported by Elon Musk), reveals: → a reversal upward from the lower boundary of the trend channel; → the potential for an upward breakout through the resistance of the red descending trend line, which formed as the price declined from the record high near $488 on December 18. [img]https://i.imgur.com/wl91Wj9.jpeg[/img] [B][URL="https://fxopen.com/blog/en/oa-tesla-tsla-stock-price-rises-above-400/?utm_source=earnforexforum&utm_medium=analysis&utm_campaign=resolve"]TO VIEW THE FULL ANALYSIS, VISIT FXOPEN BLOG[/URL][/B] [I][B]Disclaimer:[/B] This article represents the opinion of the Companies operating under the FXOpen brand only (excluding FXOpen EU). It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. [/I] [/QUOTE]

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