Tesla
Long

Tesla will join SPX500! Breaks key resistance! Time to go long?

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1.It is reported that Tesla will join SPX500 before the market open on December 21. When the news come out, Tesla’s price pumped for about 12% before the markets open.

2.It means that Tesla breaks the resistance line of symmetrical triangle. The previous resistance technically will turn into support. I personally will pay attention to previous resistance, which is about $442. It's also the previous high.

3. The symmetrical triangle’s target is about $615. If it breaks previous high, it can be possible to reach the target. But remember to take profit and set stop loss.

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