Tesla’s stock (TSLA) saw a strong rally in intraday trading on December 4, 2024, driven by the ongoing dominance of the upward trend in the short term. The stock is trading along the trend line, benefiting from positive momentum above the 50-day simple moving average (SMA) and supportive signals from the RSI, which has recovered from oversold levels.
Given these factors, the stock is expected to continue its upward trajectory, with the next key resistance target at $398.60, as long as the support at $309.20 holds.
Trend Forecast for Today: Bullish
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