TESLA Above its 1D MA50, first time since September. 193 target.

Tesla Inc (TSLA) broke today above its 1D MA50 (blue trend-line) for the first time since September 22 2022. This is a major bullish break-out on the medium-term as every time it did so inside the long-term Bearish Megaphone pattern, the price rose by around +27.50%.

The 1W RSI is on a bullish reversal bottom pattern and as the price is also above the Lower Highs trend-line (dashed) of the last High, a +27.50% rise from the 1D MA50 sets a target for us at $193.00. Risk seekers can hold up to the 1D MA200 (orange trend-line).

Tradingview link:

https://www.tradingview.com/chart/TSLA/SdfKQzh5-TESLA-Above-its-1D-MA50-first-time-since-September-193-target