Tesla has corrected higher from from support at 539.49 and should be able to move closer to resistance at 823 before turning lower again towards the 50% corrective target of the rally from 35.40 to 900.40 seen at 468.61.
Support is now seen at 718.62 and as long as this support is able to act as a floor, Tesla should be able to fight its way higher to the 823 target to complete the ongoing correction from 539.49.
The material has been provided by InstaForex Company - www.instaforex.comfrom RobotFX
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