Technical analysis on Tesla stock for week ending 11/28/2020. Tesla breaks out and sets new all time highs! If the bullish momentum continues, the next resistance level falls at around $625. If Tesla pulls back, the potential areas of support fall at the channels it broke out of at around $568, and $548.
Tesla news this week includes:
-Tesla gets $1,000 bull-case price target from Wedbush’s Dan Ives on China, Europe outlook
-Elon Musk has overtaken Bill Gates to become the world’s second richest person
Upon what basis can anyone claim resistance at 625 from a technical analysis perspective?