InvestingScope

TESLA Over the 4H MA50 again. Hyper leg rally is starting.

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BATS:TSLA   Tesla
Tesla closed over the 4H MA50 again, a strong display of bullish momentum, turning the 1D technical outlook marginally bullish again (RSI = 55.241, MACD = -0.880, ADX = 30.931). The 4H MACD formed a Bullish Cross, same as April 28th that was a bottom on the Channel Up pattern. We stick to our long term TP = 325.00.

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